Does the portfolio manager and fund management team intend to “wind down” the fund, or return capital to investors at any planned or unplanned point in the next 10 to 25 years?
Tim’s answer: “I committed to at least a 15-year horizon when I started the fund, and it now looks like being at least 20. This is the final job I intend to do in my career. I have made enough money to retire and live comforably. Making money is not the primary objective. I do this primarily because I enjoy it.”