Cutting Buffett Helps Sequoia Fund's Stock Rankings

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Dec. 29 (Bloomberg) -- Sequoia Fund Inc., recommended by Warren Buffett when it opened, beat the U.S. stock market over the past four decades, in part because a large piece of the fund was invested in his company, Berkshire Hathaway Inc. Heeding Buffett’s warning that Berkshire wouldn’t grow as fast as it once did, the managers of the $4.7 billion fund cut their reliance on the stock almost in half in 2010, and Sequoia is beating other value stock funds again this year, gaining 14 percent through Dec. 27, according to data compiled by Bloomberg. Betty Liu reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)


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