Buffett-like funds

while every manager desires Buffett’s results, most do not mimic his investment approach. Concentrated, low-turnover portfolios are not for everybody. There are, however, two dozen U.S. stock mutual funds that could reasonably be called Berkshire Hathaway hopefuls. They have large-value or large-blend investment styles, fewer than 25 stock positions, and annual turnover of less than 50%.

Their collective results stink.

*** [10/1/16]

Well, how about YAFFX (Yackman Focused Fund), which is a fund I own?  I'm looking at the semi-annual report (and data from Morningstar).

The fund has 20 stock holdings with turnover of 6%.

The fund has returned 15.38%, 11.74%, 10.02%, 12.29% for 1, 5, 10, 15 years.
The S&P 500 has returned 15.43%, 16.37%, 7.24%, 7.15%.
Berkshire Hathaway has returned 10.75%, 15.15%, 8.48%, 7.81%.

Morningstar rates the fund three stars silver.