Imagine a fund that’s beaten the Oracle of Omaha himself, Warren Buffett, for years and, unlike Berkshire Hathaway (BRK.A), pays a whopping 9% dividend!
Little-Known CEF Outruns the Best
As you can see in the chart above, the fund in question here is a closed-end fund (CEF) called Central Securities Corporation (CET). It’s got two things in common with Buffett himself: a focus on value and a long history—even longer than Buffett’s! CET traces its roots all the way back to 1929. In fact, the fund was founded on October 1 of that year, just 28 days before the Black Friday crash that triggered the Great Depression!… Read more