Contrary opinions: the captain of clipper fund isn't afraid to turn his ship toward controversy. (Insider Interview).(Clipper has good long-term track records in mutual funds sector )

From: Kiplinger's Mutual Funds | Date: March 22, 2003| Author: | Copyright information

LOOK, WE are not suggesting that you invest in Clipper fund just so you can get its quarterly report in the mail. But if you do, it would be a fine fringe benefit of becoming an investment partner of lead manager James Gipson. He can turn a phrase as well as he can turn a profit. Consider just these two morsels from Gipson's letter to shareholders last autumn: "Politicians and turkeys alike share the overwhelming ambition to survive the cold month of November," and "Discretion is the bitter part of value."

Okay, so we like the way he writes. But how well does he invest? ...

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