Time-Tested Advice for Long-Term Investors

Learn from the Kahns, ultra-patient (and successful) value investors who often hold stocks for 20 years.

There is no family on Wall Street like the Kahns. Kahn Brothers, which was founded in 1978 and today manages almost $1 billion, has produced superb results. From the start of 2000 through the end of March 2014, its stock picks returned 11% annualized, beating Standard & Poor’s 500-stock index by an average of 7.8 percentage points per year. Founder Irving Kahn is, at 108, the world’s oldest money manager, and he still goes to the office three days a week. He scoffs at any thought of retirement. “Aside from my marriage and family, nothing in my life has been as interesting as this job,” he says.

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Andrew Feinberg
Contributing Columnist, Kiplinger's Personal Finance
Feinberg manages a New York City-based hedge fund called CJA Partners.