In their recent 2021 Annual Report, Sequoia discussed some valuable investing lessons using two real life examples from their portfolio. Here’s an excerpt from the report: Mastercard and a2Milk are two stories with very different conclusions, but they both reveal valuable lessons about the nature of investing, and particularly our … Read More
Sequoia: Why Long-Term Value Investors Fail
In this recent interview with Value Investor Insight, Sequoia’s Arman Gokgol-Kline, Trevor Magyar, and Chase Sheridan discuss why long-term value investors fail. Here’s an excerpt from the interview: Q: Is there a risk that the type of high-quality value investing you’ve long espoused becomes too popular and it’s harder to … Read More
Sequoia : Don’t Try To Emulate Your Investing Idols
In this interview on the Value Investing With Legends Podcast, Chase Sheridan & Will Pan from Ruane, Cunniff & Goldfarb who manage the Sequoia Fund discuss why you shouldn’t try to emulate your investing idols. Here’s an excerpt from the interview: A lot of folks getting into this business want … Read More
Sequoia: Bet Big When You Think You’re Right!
In his latest interview on the Invest Like The Best Podcast, John Harris, Managing Partner of Ruane, Cunniff & Goldfarb, and the flagship Sequoia Fund discussed how his lack of conviction cost him significant returns. Here’s an excerpt from the interview: Well, one thing 50 years gives you the opportunity … Read More
Sequoia Fund: Top 10 Holdings (Q2 2020)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Sequoia Fund Q3 2018 Letter: David Poppe Retiring
The Sequoia Fund recently released its Q3 2018 Letter. For the third quarter of 2018, Sequoia Fund generated a total return of 4.01%, net of fees, versus a 7.71% return for the Standard & Poor’s 500 Index. The Fund generated an 11.45% total return year-to-date through September 30, 2018 versus a 10.56% return … Read More
Sequoia Fund: A Great Value Investing Mindset Creates A Substainable Advantage
One of the value investing firms that we follow closely here at The Acquirer’s Multiple is Ruane, Cunniff & Goldfarb (RCG), the investment adviser best known for managing the Sequoia Fund. RCG recently released its Q2 2018 Investor Letter. For the second quarter of 2018, Sequoia Fund generated a total return … Read More