Philip Carret And Warren Buffett: Why Sell If There’s Nothing Wrong?

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Rupert Hargreaves
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Berkshire Hathaway Warren Buffett

Philip Carret was an investor and founder of Pioneer Fund, one of the first mutual funds in the United States. Carret ran the mutual fund for 55 years, during which time an investment of $10,000 became $8 million. That suggests he achieved a compound annual return of nearly 13% for his investors. Q1 2021 hedge fund letters, conferences and more Carret founded the mutual fund in 1928, and he passed away in 1998. He was widely respected in the financial community, and even Warren Buffett has stated that he learned a lot from this legendary investor. His investment strategy was…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk