Chris Traulsen Good Quotations

I think it's a good long-term investment. They've got a ton of experience between Mason Hawkins and Stanley Cates, and the managers have significant portions of their own net worth in the Longleaf funds. They have every incentive to do right by their shareholders.

I think it's good news for investors. Investors already pay a management fee to the advisor to run the fund - it might shock investors to know they are paying, say, another 50 basis points for research.