Wednesday, October 26, 2011

Brandywine Fund

One of those mid-cap mutual funds that I have held since the 1990s, largely because it performed very well in the early years...but since then it has done very badly.  I am thinking of selling it on the next big market swing up.  To be blunt, in spite of starting with $25,000, and now worth above $60,000--I will still end up with a significant capital loss from selling it, because it has performed so badly.

At a certain point, no matter how many warm memories you have for this pet, you have to take the mangy dog behind the barn and shoot it.

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