Full access to Entrepreneur for $5

Value Pack

This fund thinks portfolio diversity is overrated.

This story appears in the March 2003 issue of Entrepreneur. Subscribe »

Don Yacktman has been a fan of value investing for years-and his Yacktman Focus fund (YAFFX) shows it. Through December 13, the fund--with only 25 stocks in its portfolio--was up more than 14 percent, while other mid-cap value funds were underwater by about 16 percent, according to Lipper Analytical Services.

"We buy profitable businesses that have returns on sales, low prices, and management teams that do a good job at capital allocation," says Yacktman, who's managed the fund since its inception in 1997.

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!