This another part in the “Great Debate” series, which debates the advantages, and disadvantages of indexing vs. active investing.
Here’s the Sequoia Fund’s take on the argument.
More on the “Great Debate”:
- John Bogle Vs Jim Grant: The Great Indexing Debate [Pt.1]
- Jim Grant Vs John Bogle: The Great Indexing Debate [Pt. 2]
The Sequoia Fund
The Sequoia Fund was started by one of Warren Buffett’s ‘Superinvestors’, Bill Ruane. To this day, the fund has continued to outperform the market, using a quality and value approach. On an annualized basis, the fund has outperformed the S&P 500 by 154 bps over the past ten years. Over 45 years of the fund’s life, it has outperformed by 350 bps per annum. 14.5% annualized...

