Long-term investors understand that how an investment performs over short periods of time isn't very important, especially in the context of an investing strategydesigned to work over decades. But that doesn't make it any easier to sit through the bad times when they come.
Taking great funds to the woodshed 2008 crushed a lot of investors, and many top fund managers suffered from the market's huge reversal of fortune. Just take a look at how these top funds did:
Fund
2008 Return
10-Year Annualized Return
10-Year Rank Among Similar Funds
Oakmark I (OAKMX)
(32.6%)
3.2%
Top 9%
Yacktman (YACKX)
(26.1%)
9.6%
Top 1%
Wasatch Core Growth (WGROX)
(44.3%)
8.3%
Top 4% Continued...
Dan Caplinger is a contract writer for The Motley Fool.
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