I am a little chagrined that other fund companies haven’t followed suit.

I think it’s good news for investors. Investors already pay a management fee to the advisor to run the fund – it might shock investors to know they are paying, say, another 50 basis points...

I think it’s a good long-term investment. They’ve got a ton of experience between Mason Hawkins and Stanley Cates, and the managers have significant portions of their own net worth in the Longleaf funds. They...

He had a rough time. People were disappointed with the results.

There were a lot of flameouts.