Good Things Happen To Those Who Wait

Anyone looking for encouragement to wade back into the stock market got some recently when Southeastern Asset Management reopened Longleaf Partners Fund. One of the premier vehicles for patient, value-oriented investors, the $3 billion fund closed its doors to newcomers way back in September, 1995, when Memphis-based managers O. Mason Hawkins and G. Staley Cates couldn't find enough inexpensive stocks to buy.

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