Mark Oelschlager, CFA, manager of the Towpath Focus Fund (TOWFX), which averaged 11.62% since its 2019 inception vs. 11.38% for the S&P 500. From 2008 to 2018, Oelschlager managed Pin Oak Equity, a similar fund that had a 10-year annualized return of 13% vs. 7% for the S&P 500.
Many investors believe that you must endure the occasional severe loss in bear markets and corrections to reap stocks’ long-term…
