Warren Buffett famously said that no active manager could beat the market, and his long-time partner Charlie Munger agreed. However, Phil Pecsok set out to prove both of them wrong. He started his hedge fund, Anacapa Advisors, after betting Munger that he could beat the market.
On a long-term basis, Pecsok has certainly proven Buffett and Munger wrong with long-term returns that have outperformed the S&P 500 and Nasdaq 100.
Background on Anacapa Advisors
Anacapa Advisors is a California-based, market-directional investment manager that utilizes a long-biased hedge fund approach. The fund provides investors...
