Aug
17
Why This Fund’s 256,766% Return Still Doesn’t Beat the Market
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America’s oldest mutual fund stands its ground in indexing age
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‘You don’t want to screw up anything that was the first’
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Kevin Beatty can take the long view on investing. Ninety-three-years-long, to be exact.
From his perch in Boston, Beatty co-manages the oldest mutual fund in America, if not the world. Opened in the Roaring Twenties, when Calvin Coolidge was president, the Massachusetts Investors Trust has weathered 16 recessions, roughly 20 bear markets and worse…
Why This Fund’s 256,766% Return Still Doesn’t Beat the Market
