A mutual fund advised by Ruane, Cunniff & Goldfarb L.p., Sequoia Fund, recently released its Q2 2019 Investor Letter, a copy of which you can track down below. The fund was launched back in 1970, and it utilizes a long-only investment strategy, focusing on mid and large-cap stocks. As per the letter, Sequoia fund returned 5.51% net of fees in Q2 2019 outperforming the S&P 500 Index, which delivered 4.30% in the same period. It also reported its year-to-date (June 30) total return of 20.99%,...
