"The Voya Corporate Leaders Trust Fund, now run by a unit of Voya Financial Inc., bought equal amounts of stock in 30 major US corporations in 1935 and hasn't picked a new stock since."
"Over the five-year period ended Feb. 24, the fund returned an average of 17.32 percent a year, including fees, 1.03 percentage point better than the S&P 500, said Morningstar. For the 10 years ended Feb. 24, the fund returned an average of 9.40 percent a year, including fees, 1.32 percentage point better than the S&P 500."
"The founders of the Trust bought equal shares of 30 leading companies in 1935 and decreed they could never be sold. The only exception was companies that went bankrupt, merged or spun off."
"The transparency and flexibility, and the security and comfort thus offered to small investors, made MIT a uniquely American contribution to finance...Good ideas usually have simple beginnings: it's the very simplicity of the concept that makes them ultimately successful. This one was brilliant."
"Just as a slight change in a golfer's grip and stance may improve his game, so a little more emphasis on buying for keeps, a little more determination not to be tempted to sell...may fatten your portfolio. In Alice in Wonderland, one had to run fast in order to stand still. In the stock market, the evidence suggests, one who buys right must stand still in order to run fast."