Should You Hold Broadcom (AVGO) for the Long-Term?

Investment management company First Pacific Advisors recently released its “FPA Crescent Fund” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund (Institutional Class) gained 6.29%. It gained 16.13% in the trailing twelve months. The fund has captured 97.6% of the MSCI ACWI Index’s return over the past 12 months outperforming the average net risk of 73.8%. Crescent’s top and bottom performers had a significant impact on...