The complete acknowledgment for the Sequoia Fund was 20.07% in 2017. This compares with the 21.83% acknowledgment of the S&P 500 Index. Our alternative is to accomplish concentrated commitments of basic in a bound cardinal of companies that accept aloft abiding bread-and-er affairs and that advertise at what we accept are adorable prices. Because Sequoia is advisedly not adumbrative of the all-embracing market, in any accustomed year the accomplishment of the Fund may alter decidedly from that of the ample bazaar indices.
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