I think it's a good long-term investment. They've got a ton of experience between Mason Hawkins and Stanley Cates, and the managers have significant portions of their own net worth in the Longleaf funds. They have every incentive to do right by their shareholders.

There were a lot of flameouts.

I am a little chagrined that other fund companies haven't followed suit.

He had a rough time. People were disappointed with the results.