Harry Browne and his associate Terry Coxon actually came up with the strategy and Terry Coxon created the fund.SmallPotatoes wrote: Cuggino has created a genius allocation scheme with PRPFX. If I could only own one fund this would be it.
Coxon managed the fund from its inception until 2000 or so when he was forced to resign as part of an SEC investigation which reads a bit like a witch hunt.
Cuggino just happened to be in the right place at the right time to get the job, because it was very much Coxon's baby from 1982 until the date he resigned.
Cuggino may be a good stock picker, but I wouldn't give him credit for any more than that (though he is certainly a good caretaker of the fund and the strategy and seems like a good guy).