It's an enormous change from what they've done in the past. I think it's been late in coming, but I think it's going to benefit them. |
Lange will invest wherever he sees an opportunity. |
Marriott International is a huge portion of that Longleaf fund -- 10.7 percent as of June 30. Host Marriott comprises around 5 percent, and Hilton around 4 percent. If you've got 20 percent of your assets in hotels, and no one's traveling, you'll take a hit. |
The fund is fairly volatile. Investors need to have a long time horizon. |
Too many tech funds were brought out in the 1990's and many of them were ill-conceived as long-term investments. |
You really have to be careful with taking the rear view approach with tech. If you pile on to what's been working, you could be in for a big shock. |