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A major value investor is shutting his fund and returning money to investors. Warren Buffett did the same thing in 1969. | Markets – Business Insider

A major value investor is shutting his fund and returning money to investors. Warren Buffett did the same thing in 1969.

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Warren Buffett.
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  • Ted Aronson, a value investor and the boss of AJO Partners, is closing down his fund after more than 35 years and returning $10 billion to investors.
  • “The drought in value the longest on record is at the heart of our challenge,” he said in a letter to AJO clients.
  • Aronson’s decision echoes Warren Buffett’s closure of his Buffett Partnership in 1969.
  • “I am not attuned to this market environment and I don’t want to spoil a decent record by trying to play a game I don’t understand…

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