The Oracle Of Apopka: Meet Eddie Brown, One Of Wall Street's Greatest Untold Stories
Brown Capital is an old-school stock-picking operation that doesn’t chase the latest fads on Wall Street. On average, turnover in Brown’s 40-stock Small Company Fund is about once per decade. So far this year, Brown’s flagship Small Company Fund is up 21%, trouncing the market, and has averaged a 19% return annually over the past decade. In this case, Brown Capital can afford to be patient. In 2013, after two decades of average annual returns of 14%, Brown Capital’s Small Company Fund closed to new investors.
Source: Forbes May 28, 2019 09:45 UTC
