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phx85

02/15/17 4:43 PM

#21151 RE: jrlinnovations1 #21150

Vanguard is an INDEX FUND. A computer algorithm determines shares held.

This has been explained to you numerous times. The position changed by less than 9,000 shares. That equates to less than $2,500. Do you truly believe that an investment manager personally evaluated and determined that this billion dollar fund should purchase less than $2500 in stock for the qtr?

Nope. A computer algorithm determined that based on industry, sector, market cap, geographic location that the dollar amt should be "x" and the shares were purchased. Next time it could go the other way.

What investors should be happy about is that Van Den Berg maintains its better than 30% ownership, that US Global, Royce and Gabelli has held steady and that the decrease in Sun Valley Gold is negligible. Those are actively managed and real people actually review the companies in their portfolios.