On this week’s Consuelo Mack Wealth Track a finalist for Morningstar’s Fund Manager of the Decade Award. “Great Investor” Don Yacktman explains how his penny pinching ways have translated into exceptional long-term returns for investors in his five star Yacktman Funds.
MONTHLY TOTAL RETURNS – UNAUDITED
AS OF: May 31, 2010
|The Yacktman Fund (YACKX)||0.13%||-0.07%||29.00%||4.93%||7.05%||13.00%||9.80%|
|The Yacktman Focused Fund (YAFFX)||-0.56%||-0.12%||26.26%||6.65%||8.07%||13.26%||8.36%|
|S&P 500© Index||-1.50%||-0.89%||20.99%||-8.69%||0.31%||-0.82%||7.65%||4.20%|
Donald Yacktman bio:
Mr. Yacktman is the President and Co-Chief Investment Officer of Yacktman Asset Management Co. He is also a Co-Manager for The Yacktman Funds. Prior to founding the firm in April, 1992, Mr. Yacktman served for ten years as the Senior Portfolio Manager of Selected Financial Services, Inc. During that time, he also served for nine years as the Portfolio Manager of the Selected American Shares mutual fund and was named Portfolio Manager of The Year by Morningstar in 1991. He joined Selected Financial Services, Inc. in 1982 from Stein Roe & Farnham where he had been a portfolio manager since 1968. Mr. Yacktman holds a B.S. Magna Cum Laude in economics from The University of Utah and an MBA with distinction from Harvard University.
The video is 25 minutes long.