Think-About-It

Sequoia Fund Reopens After 26 Years: A Look Inside

After all the great lead up I was expecting to see some interesting, market-beating/leading holdings. All I got was 23% Berkshire Hathaway and a bunch of retailers and others tied directly to the fate of the U.S. consumer who is all tapped out.

U.S centric portfolios like this will not come close to repeating past returns when the U.S. was the world's growth engine. Times have changed. I like concentrated funds but looking at their holdings I come away thinking the Sequoia looks like a "lazy Portfolio" with no vision.

Also, the founder (who Buffett was refering clients to) has passed away so where's the appeal? How did Magellin do after Peter Lynch left? How will Berkshire do after Buffett passes on?

I'll pass.