WANTED: 300 private investors to test a professional investment strategy that helped some of the best investors in history succeed…
The Wealth Secret of Columbia Room 305
Professional investors Walter Schloss, Irving Kahn and William J. Ruane all used it to make a fortune. I use it in every investment decision I make for over 30,000 subscribers.
Today, I’ll show you how to use this exact secret - something that’s made fortunes for other people – to see how much money it could make you.
I’m looking for 300 investors to get started with this right away – as soon as I get your permission to post you one thing that isn’t available anywhere else...
It’s 7.35pm on an Autumn evening in 1927, and an unassuming college professor is seconds away from making stock market history.
He’s standing in front of a packed audience of investors, students and analysts in ‘Columbia Room 305’…
Hundreds of others have been turned away at the door. He begins…
“If you want to make money in Wall Street, you must…”
What he reveals that night has, without doubt, consistently made more money than any other single investment secret I know of.
For instance, it helped one man earn $19 million in a single year…
It’s also launched the careers of countless investment professionals and fund managers – I put a large part of my market-beating portfolio down to this one secret...
And – to this day – it helps South African investors who understand how it works regularly make money. As you’ll see below, it more than doubled the returns of the JSE between 2010 and 2017.
In short, it has the potential to make more money for investors of all stripes – and remains the most profitable way of succeeding in the stock market to this day.
And now I’m offering 300 private investors the chance to use the exact same strategy to see how much it could make them. If you’re quick, and you get one of the 300 spots before they run out, I will send you everything you need to get started in the post.
Now, at one point, 80% of the stock analysts on Wall Street were attending this class.
Not 8%... 80%. 8 out of every 10 analysts were soon packing out Room 305.
There’s no way of telling how many hundreds of millions of dollars have been made using this secret since it was first revealed.
But as you’ll see shortly, it’s at the root of many of the biggest fortunes around.
Look, I’m not here to promise you’ll magically become a billionaire from this. Exactly how much this could make you, I honestly can’t say.
This is all about you taking something that HAS been incredibly successful for other people… and seeing how much it makes you.
You can get started with this whether you have R500, R1,000 or R10,000 to invest…. It doesn’t matter if you’re just starting out or have been investing for years.
As you'll see in this presentation, it's worked for all levels of investors – ever since it first became known.
To get started, I first need your permission to post you a slightly unusual package…
What do some of the most successful investors in history know that you don’t?
Let’s have a look at some of the best known investors to have used this.
Now, the man behind the Room 305 secret wasn’t just a ‘good speaker’, or a ‘good teacher’.
He recognised a secret that’s at the very heart of successful investing – and it made him millions.
It’s a secret which is overlooked by the majority of private investors, who generally approach the stock market hoping to make their fortune with all sorts of mindless schemes.
Outside of his academic life, this professor also practised what he preached – and became so successful doing it his friends actually asked him to invest their money too…
It took him a while to find his winning secret, but once he did… his fund returned an average 21% gain every single year.
Let me just pause here for a second, because some people aren’t blown away by a 21% return. So let’s just look at what kind of money it would make you:
If you’d invested R10,000 in his fund when it started and made a ‘modest’ 21% average return for 20 years (leaving fees and commissions aside for a second)…
Your R10,000 would have grown into R452,592.56.
That’s roughly 7 times more than you’d have made just tracking the JSE All Share Index – and a lot of money in anyone’s book. And that’s what this secret is about – making money.
But that was just the start of the secret’s incredible success…
William J. Ruane was a pupil in Room 305, and in 1970 he started his Sequoia fund, which went on to make 17.2% a year for 15 years.
Again, some people might see that as modest. But it’s actually an incredible gain.
If you'd invested R10,000 in the Sequoia fund when it started, by 30th June 2014 (it's still running to this day) your stake would have been worth R10,784,869 million (that's more than double the same investment in the JSE All Share stock market.)
As I said, you’ll see the power of this secret for yourself when you get started.
But before we come on to how much I think YOU could make from this, there’s one more thing I want to tell you…
The untold story of this billion dollar fortune…
In 1951, a twenty-one year old Nebraskan left his hometown and travelled to New York...
He came to learn this secret, spending months in Room 305 working to master it.
He was a brilliant student – and by the time he left, he’d become the only person ever to get an A+ from the professor behind this.
Now, given how lucrative this secret can be, perhaps it isn’t surprising he went on to make a lot of money.
What IS surprising is just how much he made…
Obviously, I’m talking about Warren Buffett.
But that’s the thing – this secret is at the root of many huge fortunes. Buffett’s just happens to be the most well-known.
Keep in mind: none of these people were throwing their money behind ridiculously risky 500% penny stocks.
And you don’t need to either.
All you need to succeed in the stock market is steady, consistent gains. That’s what this approach is all about – investing intelligently. It’s a strong, proven way of picking stocks – in fact, all investments – that have the potential to make you incredible sums of money if you get it right.
And that’s the strange part – this isn’t hard to get your head around. It’s actually very simple to understand. But that doesn’t necessarily make it easy to put into practice. Buffett himself describes it like this:
“Investing successfully does not require stratospheric IQ, unusual business insights, or inside information…
What’s needed is a sound framework for making decisions and the ability to keep emotions from corroding it.”
In short: Understand the secret to the Room 305 strategy properly (which is what I’m here to help you do)… and keep your emotions in check as you apply it… and you will succeed in the stock market.
At least, in Buffett’s opinion. And mine, too. Succeeding is what this secret is all about. It has been proven to work, to different degrees of success, by a huge range of people.
Just consider the story of Walter Schloss…
I suspect you won’t have heard of him – not many outside of the financial world have. He was a very quiet man, and kept himself to himself. But Schloss’s story is perhaps the most remarkable to have come out of Room 305.
Before attending the professor’s class, Schloss had never been to college.
When he eventually set up his own fund – entirely on his own – he never owned a computer (he got all of his stock prices from the Wall Street Journal).
He never had a secretary… a clerk… or a bookkeeper.
His working day lasted from 9.30am to 4.30pm – his son (and only ever colleague) said that he “hated stress” and “slept well.”
But despite all that, in one year alone – after he’d delighted his investors– he took home R190 million (his expenses came to just R111,000) – simply by using this strategy.
So, how much could you make using this?
I started using this strategy and sharing it with a select group of South African investors in October 2010.
And in that time it's generated an average 35% return year on year for the last 7 years. And there's absolutely no reason why this shouldn't continue. After all - You’ve seen how some of the most exceptional investors have used this secret to make huge amounts of money by achieving 17-21% a year for the last 15 to 20 years.
Now I'm not one to speculate but let's take that 35% return a year and see what that same R10,000 could be worth in a similar 20 year period...
A massive R7.2 million!
Remember that's from just one investment of R10,000.
Now imagine if you had to invest in this same portfolio every month and you could start with as little as R500!
As you can see, this approach has a proven track record of making many of the world’s best investors and my subscribers steady, consistent money – year on year.
This is investing. Everyone knows there are no guarantees, and everyone knows that even with the most successful strategy in the world at your fingertips, it’s still possible to have a bad year.
As Buffett himself says, this DOESN’T require incredible intelligence to understand. But it does need discipline to apply correctly. That’s obvious, there’s nothing in this world that’ll magically make you money without any application. And it goes without saying that – as with all investing – your capital will be at risk.
But let’s get back to the point here: This is about taking something that’s made fortunes for other people, and seeing how much it could make you.
Look, this isn’t the only way of making money from the stock market. There are lots of different strategies out there.
But, to my knowledge and from my experience so far, this is the most successful.
It worked in 1927. It works now.
In 1970, a Professor of Finance at the State University of New York decided to measure exactly how successful this strategy actually is.
So he invested in stocks using the Room 305 stock criteria for the next 13 years – buying 645 stocks over that time period – to see how they fared against the stock market as a whole.
The results were emphatic.
From 1970-82, the American Stock Exchange returned an average of 11.5% per year. Not bad, admittedly.
But it doesn’t come close to the 29.4% average annual return generated by the Room 305 approach.
Let’s just take a quick look at what that would mean in actual money.
If you’d invested R10k in the American Stock Exchange over that period, you’d have ended up with a final pot of R41,169 (excluding fees and commission).
But the same sum in the Room 305 portfolio would have given you a pot of R285,197. (Again, that’s excluding fees and commission.)
That’s over six-and-a-half times as much – in just 13 years.
And this professor wasn’t the only one who decided to give the method a long term examination.
In 1985, behavioural finance expert James Montier was also keen to find out whether the Room 305 method was still the best way of regularly making money from stocks – or if it had become 'outdated'.
Again, the results were emphatic.
Between 1985 and 2007 (I’m not cherry picking here, this is when the study ended) – a 22-year period – the average annual return of the stock market overall was 17%. Again, not bad.
But the Room 305 stocks returned an average of 35%.
As a professional investment analyst, I can assure you that that is simply staggering.
So seeing as this has worked for such a long time, it’s hardly surprising that people like Warren Buffett have made the amounts of money they have – especially when you consider that they started with large amounts of money in the first place.
I know that sounds a little ridiculous, but the truth is these ‘super investors’ have made their fortunes by simply taking something that works, and carrying it out perfectly.
As I said before, this method IS simple to understand… but difficult to do really well.
Not everyone can make money every single year, or on every stock. That just simply doesn’t happen. But over the medium term, I have no doubt that this will make you very decent money.
That’s why I’m speaking to you today – I want you make sure you have everything you need to get this working for you straight away. So…
With your permission, I’ll send you everything you need to use this in the post.
My name is Joshua Benton, and I’m an Investment Analyst for South Africa's largest wealth building and investment publishing company – I help over 30,000 investors make the most profitable investment decisions.
It’s my job to grow my subscriber’s wealth through all market conditions – I’ve got the track-record to prove it.
I managed to outperform the JSE All-Share and every fund manager by more than double over the past six years.
And I can proudly say that, without a shadow of a doubt, the Room 305 strategy has been the biggest influence on my career – and still is to this day.
But now, I’d like to help you to start using it to see what it can do for you.
One morning in the next week or so, you’ll receive a package I’ll send to you.
At first glance it’ll look pretty innocuous – you may not think much of it.
But open it up, and what you’ll discover is incredibly valuable.
The first thing you’ll find is a report.
Quite simply, that’s because the Columbia professor behind this strategy – Ben Graham – actually published everything you need to know to use his approach.
It’s a fantastic starting point for getting to grips with this proven money-making strategy.
In this report, I'll lay out – in detail – the precise methods Benjamin Graham used to select stocks… the same ones that he would then pass on to the likes of Warren Buffett and Walter Schloss.
This will give you the secret behind this incredible strategy, in full, so you can get to grips with how it works and get an idea of the kind of returns this could make you.
In fact, I’d personally say that it is, without doubt, the only report on investing you’ll ever need to read. And as I said, I’ll start by sending you a copy.
Now, while countless investors have used the secrets in this report to amass incredible fortunes, I’m going to give you something extra – so that you can get up and running even quicker…
When you get your free copy, you’ll notice something odd about it.
It won’t be packaged up or shrink-wrapped.
It may even look used, possibly even second-hand.
But that’s because I’ve gone through Benjamin Graham's The Intelligent Investor marked up and selected the really important sections.
So that Graham’s work has the most positive and most immediate impact on your investing, I’ll personally walk you through how this works – focussing on the parts I believe are most relevant.
In short, I’ll ‘decode’ this book for you, bring it to life and point out what’s worth you reading twice – and more…
For instance, this report will show you the exact criteria you need to look for in a stock to ensure it gives you the best chance of seeing a decent profit.
And with that in mind – I’m going to help get you started straight away…
I’ve said right from the beginning, this is all about you trying this strategy out and seeing how much money you could make from it.
And I want to make it really easy for you to do that.
That’s why the next thing you’ll find in your package is the details of how to start your own Roadmap to Real Wealth with as little as R500 using one simple tool.
As I’ve said, this secret is the only strategy I use when I’m looking to help my subscribers generate big profits investing on the JSE.
I don’t say that to boast, rather to demonstrate the power of this secret. But to be honest, the best way of you understanding how valuable this is… is to see it in action.
Which is why I have taken this secret, applied it to today’s market conditions and pinpointed three specific investments that fit perfectly with the strategy.
To be clear: I will give you access to at least three recommendations that you can go out and paper trade (follow the investments to see how they perform without actually investing any money) immediately to see how this works… do whatever you like.
This is where this strategy really comes alive – and becomes something real and powerful, that you can start using right away.
Now this report is not for sale at any price. The only way of getting your hands on it is by giving me your address so that I can give you access to your copy.
So not only will you see what the secret is all about and have my guidance on how it works… you’ll also have three specific investments based on it to get started and see how much you can make.
But before I go any further, there’s also one more thing I’d like to offer you…
Now, you might just want your copy of the book – and to get on with investing by yourself, straight away.
If that’s the case, then I wish you every success.
With the book, my notes and the report I’ve compiled for you, you’ll have everything you need to get started.
But, if you would like me to keep guiding you – for as long as you feel you need me to – there’s a very simple way that we can work together.
Or should I say, I could continue to work for you.
You’d be joining an existing group of investors that I’ve been working with since 2012…
Your chance to join an exclusive group of investors
Since then, I've been working to build and protect wealth.
As I said earlier, it’s my job to keep people’s money growing – in good times and bad.
I pride myself on my ability to pick the very best investments – it’s something I’ve enjoyed consistent success at in the past.
A huge part of that is down to the Room 305 strategy I’ve shared with you today.
But here’s the thing…
As well as sending you the best investments and most profitable stock tips, I also do something a little unusual… something very few people in my industry would ever dream of doing.
I help show investors like you EXACTLY how I believe you should invest your money to keep it safe and growing at all times.
Essentially, I'm talking about giving you the exact same strategies and approaches I use in the markets and my personal life… without you ever needing to sign your portfolio over to me.
To do this, I write to a small group of investors every month, giving them everything they need to invest successfully.
For instance, I share specific share recommendations you can act on immediately. To do this, I always use the strategy we’ve been discussing today. I tell my subscribers exactly what to buy, and give them a ‘buy price’ to make sure they don’t overpay.
These recommendations make up a complete, fully diversified portfolio that I believe can withstand any external shock. It’s all very well picking investments that could grow - but if your overall portfolio is set up wrong… it’ll all be for nothing. I talk followers through exactly how to structure their portfolios in simple, easy to follow language.
I also reveal additional ways to build your wealth - contrarian market trends and unconventional investment ideas that others don’t look for or simply fail to notice… These breakthrough alternative investment opportunities include property, gold, offshore and occasionally low cost/high profit business opportunities, emerging markets and much, much more
I also help our followers understand risk – which, as any successful investor will tell you, is vital to making money.
It’s also worth pointing out if anything happens to the stocks I recommend – if they go down for some reason, or I need to sell for a loss (which does happen – no one has a 100% perfect track record), I'll be in touch to tell you what to do.
As part of that safety procedure, I also write regular, real time updates - both on the shares we’ve picked and on the wider market. This is vital. The world is a dangerous place. With the build-up of debt in the West, crazily low interest rates, money printing (QE) and the like, you can’t just bury your head in the sand and ignore the markets – and that’s where I come in. I regularly talk to our subscribers about emerging threats or opportunities in the markets, how they’re going to affect us and what we need to do about them.
In short, you get all the benefits of giving your money to a fund manager… but have the freedom to decide exactly what’s right for you and follow my recommendations from home.
This is something I know for a fact is incredibly valuable for the handful of private investors who follow it. Johnny Snyman, for instance, wrote in to tell me:
"Firstly, you do all the research on a company and also indicate at what level a person should buy the recommended stock. This already makes it very easy to select and buy a stock, with a high probability that it would go up in price. This alone helps me tremendously to select and buy stocks.
Secondly, I noted over the years that your combined stock selections constantly outperformed the JSE substantially. This gives me the confidence to buy the stocks that you recommend.
Apart from the above, you also inform us when to sell a stock, not withstanding the fact that you constantly update us on the performance of the companies that we invested into through stocks. This all makes it very easy to be successful in the long run, i.e. it is like spoon feeding. What more can you ask for?
I am one of those persons who kept on reading your advice for many years without investing at first. This gave me time to look at your track record over time without committing money. Not that I wanted to, but going through a financially draining divorce I did not have the cash to start off with at that time, but always knew that when the time was right that I would do so. With the opening of Easy Equities last year, the time came, so to speak. Thank you for informing and advising us on this opportunity as well. When I read about this new stock broker through your mail, I did not hesitate to open an account with Easy Equities and immediately started to buy your recommendations every month. Thus far, my overall portfolio is in the positive, after only a few months of trading!
It present, I cannot wait to receive the Stock of the Month as I have budgeted an amount to invest every month.
Lastly, I am at the age of 52 and wanted to make sure that I am financially sound when I retire. Some of your recommendations are medium to long term stocks which will most certainly help to ensure a financially stress free retirement. I already have a strong retirement fund, but one cannot be sure enough, and I can keep on trading when I am retired. (It will give me something to do and still be active at the time.)
In short, you make stock investing stress free (through your analysis and proven track record) and very easy (Stock selection with buy levels and hold/sell signals)."
And Shaheema Warner wrote in to say…
“I find Real Wealth an educational and informative read. Your advice in what stocks to buy and what to lose is almost always right. I have bought stocks that you advised, and it did very well. Your advice is clear, concise and easy to read and follow for any layman.”
So how do people like Johnny and Shaheema follow our advice? That’s actually very simple. I share all this through a rarely publicised investment newsletter called Real Wealth.
And the fourth part of what I’m offering you today - on top of your guide to the proven wealth building strategy of Room 305, my annotations and guide, plus the ‘starter’ recommendations - is a two month trial to Real Wealth.
In fact, I’d like to send you everything I’ve shown you today AND give you the chance to see what Real Wealth could do for you for the next 60 days… with absolutely no obligation for you to continue.
And to be perfectly frank, I think right now - more than ever - is the perfect time to give this a try…
Why I’m offering you access to Room 305 today.
I don’t know about you, but I’m highly sceptical of today’s financial system.
I look out at the markets and I see pure distortion. Central bankers have meddled, twisted and manipulated the entire system to such a degree… that I see no other outcome than a monumental crash.
I know the markets have recovered since 2009. But then, print up to $4 trillion (and that’s just in the US) and pump it into the financial system and what do you expect to happen?
QE and low interest rates have bent the system out of all shape.
And with interest rates now set to rise in the near future, I believe the boom of the last few years could be brought to an abrupt end.
In times like these, it pays to rely on proven and time-tested approaches to growing wealth.
That’s what Real Wealth is all about. I use my own experience in the markets to try and uncover the most profitable investments for you.
And as I’ve said, I put a large amount of my success down to the Room 305 strategy I’ve been sharing with you.
I believe this strategy will help you make money over the medium term no matter what happens in the markets.
I’m not alone.
Graham’s most famous pupil, Warren Buffett has repeatedly hammered the market in a career spanning half a century.
If you’d invested R10,000 in Berkshire Hathaway (Buffett’s company) when he took it over in 1964, by the end of 2013 your stake would have been worth R105,010,000.
That’s not a typo, by the way… R105,010,000.
But Berkshire Hathaway shareholders don’t just have Warren Buffett to thank for their astounding wealth – a fact Buffett is only too happy to acknowledge.
He said this of Ben Graham’s method:
“A hundred years from now this will still be the cornerstone of investing.”
Now, so that you can see exactly what it could do for your wealth, I’m going to make you an offer…
Try out Real Wealth today without committing a cent
Today I’m offering you the chance to try my work with my 100% money back guarantee. I’m going to let you try my service for two months risk-free.
So that means that ON TOP of the book, my annotations and guide, plus my specific recommendations for you to try… you get two months of me and my team writing to you to help you apply this, in real time.
That, to me, is a fantastic offer.
But what if you want to keep on receiving our advice AFTER two months are up?
Well, considering the money you’d pay for my help, I DID consider placing a R1,500+ value on a year’s membership to Real Wealth.
But to be honest, I don’t really want price to be an issue for anyone wanting to try this out…
So a year’s membership to Real Wealth costs just R1,035.
That’s the full, official value. And it’s an investment many of my followers happily make to receive my help and guidance…
“I have bought a number of your recommended shares and all of them showed positive results”
- Arend Venter
“I am a retired economist pushing 78 years with a keen interest in stock markets. Nowadays I trade on a small scale mainly in derivatives and every month I eagerly look out for your letter. I always find it informative and on the occasions when I acted on your recommendations I always, without any exception, made a profit. I am sure your service is invaluable to keen traders, as to myself, and I view it as the best monthly share view/recommendation that I know about. Keep up with the good work and my best wishes for the future. ”
- Gideon van Zyl
“I unfortunately have not been in a position to invest in any stocks up to now, but I like reading through the information that you give us because I know it will help me in the future when I’m ready to invest in stocks. Keep up the good work!”
- Mike Rogers, Johannesburg
Today, I’m actually offering you the chance to get in at a lower price than the official R1,035.
In fact, if you like what you see in your 60 day trial, I'm willing to offer you a 20% lifetime discount to Real Wealth if you sign up by monthly debit - bringing the value down to R69.
Remember: You've got a full 60 days to try this with no commitment and no worries. If after that period you decide that you’re not impressed with what I’m providing you, then you can walk away with a full refund.
Let me just quickly run over everything you’ll get as part of your trial:
Real Wealth BENEFIT #1: My personal ‘foreword’ to Benjamin Graham's The Intelligent Investor book, pointing out which of his investment techniques are most valuable and which I believe will help yield best results for you.
Real Wealth BENEFIT #2: Your complete guide on how to kick-start your roadmap to Real Wealth with as little as R500 using one simple tool.
Real Wealth BENEFIT #3: Your first issue revealing three specific recommendations based entirely on this approach, fully thought out, analysed and ready for you to act on immediately.
Real Wealth BENEFIT #4: Access to the entire Real Wealth editorial back-catalogue, so you can get my analysis on markets right here at home.
Real Wealth BENEFIT #5: Access to my Real Wealth portfolio, which will show you exactly why and when each investment was recommended so that you can see their performance.
Real Wealth BENEFIT #6: I’ll give you a log in and a password so that you can get full access to Real Wealth members’ exclusive web page, where I’ve put everything you need to benefit from my service.
Real Wealth BENEFIT #7: Monday to Friday access to my customer services team, who will answer any questions you may have regarding your subscription.
Only the first 300 people to respond today will get in on this.
You know how important I think this technique is for you as an investor.
You’ve seen that it’s made fortunes for many of those who have read it – and if you respond to my message today, you can get your hands on a copy for FREE.
And as I showed you earlier, it isn’t just the report I’ll be posting to you…
But the thing is… I can only offer this to the first 300 people to respond today.
Working through this book for you, marking it up and annotating it before it reaches you is something I think will be incredibly valuable to you. But simply in terms of time, it’s not something I can do for too many people.
Which is why I simply can’t offer this to more than 300 people.
So if you want to get your hands on a copy, you will need to get back to me today – this invitation has been sent to more than 100,000 investors and I’m expecting them to go within a matter of hours.
I wish that I could give away more, but I’m afraid that due to work commitments I simply haven’t got enough time to prepare more. Remember, each copy will have my personal introduction and annotations as well.
I really can’t stress enough how good I believe this offer is.
Remember, you have two months to try this, risk-free.
If it doesn’t live up to your expectations, simply contact my team and you’ll receive a full refund immediately.
Should you choose to walk away, you’ll obviously be able to keep your copy of The Wealth Secret of Room 305, my notes and the report on my 3 stock recommendations.
Simply respond to this presentation today, and I’ll send you your copy of those three things – and everything you need to get started on Real Wealth.
Investment analyst, Real Wealth
P.S. Earlier I showed you how Warren Buffett has used The Wealth Secret of Room 305 to help build a $58.2 billion fortune.
At the last count, that puts him up at fourth on the Forbes list of the richest people in the world.
The richest, with a net worth of approximately $77.1 billion, is Microsoft founder Bill Gates.
But while his computer company has undeniably served him very well, it’s estimated that just 17% of his fortune comes from the computer giant.
Which begs the question:
Where has the other 83% come from?
Well, it may not surprise you to learn that much of it has actually been attained by the very same secrets Ben Graham divulged at Columbia University, Room 305.
In 1994, Gates set up a company called Cascade Investment, LLC – of which he is the only shareholder.
Now, Cascade is run according to the principles laid out in Graham’s text...
So it almost goes without saying that it’s continually outperformed the leading stock indexes.
Gates saw his wealth jump by $15.8 billion in 2013 alone.
Look, as I said at the start of the presentation, you obviously won’t make these sorts of sums simply by having a copy of Graham’s book…
But Gates achieved by buying stocks available to any investor. He just knew how to select them…
So isn’t it worth seeing what it could do for you?
You’ve seen how much money it’s made. You’ve seen that anyone can use it to grow their wealth.
The only question you have to ask yourself is this:
5 year figures
Berkshire Hathaway five year performance ('A' shares): 2009 +7.14% | 2010 +20.93% | 2011 -4.53% | 2012 +15.25% | 2013 +27.43%
Sequoia Fund five year performance: 2009 +15.4% | 2010 +19.2% | 2011 +13.2% | 2012 +15.7% | 2013 +34.6%