Meet the Best Investor No One's Ever Heard Of
Mark Mulholland's mutual fund is built on scripture—and a little help from Apple
By Ruth Brown, Newser Staff
Posted Mar 31, 2013 4:15 PM CDT
Mark Mulholland, a portfolio manager of the Matthew 25 mutual fund.   (AP Photo/The Matthew 25 Fund, Ann Mullholland)

(Newser) – One of the top mutual funds in the country is built on faith. That's faith in a higher power—it's not called the Matthew 25 Fund for nothing—and also faith that its assets would recover from a 2008 low of $22 million, down from $115 million. Well, either God or the market has come through for fund manager and founder Mark Mulholland: It's now worth $452 million and is ranked the No. 1 mutual fund in the diversified stock category by Bloomberg. "Mark is the best investor around that no one has ever heard of," says one of the fund's investors.

Matthew 25:14-30 instructs people to invest what they've been given, and that's exactly what Mulholland has done, says Barron's. He bought shares in Apple, its largest holding, at $80 to $128 each in 2008. Today, they're trading at around $445. The fund has returned almost 27% over three years. Mulholland never lost the faith: "The companies we owned were so cheap that barring a total collapse of the economic system, I knew at some point we were going to make a lot of money," he says.

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Showing 3 of 11 comments
Econ_101
Apr 2, 2013 7:08 AM CDT
Who determines what is "REAL WOK?"
JesusLovesSomeOfYou
Mar 31, 2013 8:30 PM CDT
Luke 18:22?
TheProducer
Mar 31, 2013 5:52 PM CDT
this is exactly what's wrong with this country. Guys like this are heroes because they can fudge numbers and not do any real work. you can't retire anymore with just saving and hard work. you have to do that, AND understand 401ks, IRA, and this whole other world of finances in order to retire. and it's pure bullshit.