John Neff Outperformed the Stock Market for Three Decades

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John Neff Outperformed the Stock Market for Three Decades
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Obituary: John Neff, a celebrated mutual fund manager, showed his contrarian streak early. 'You would argue with a signpost,' his mother told him.

After graduating from the University of Toledo, John Neff hitchhiked to New York City in January 1955 for job interviews with Wall Street firms. He had $20 in his pocket and stayed overnight at a YMCA.

Wall Street showed scant interest in him, so he accepted a less glamorous job at National City Bank in Cleveland. Yet eight years later, Mr. Neff was installed in Philadelphia as manager of Wellington Management Co.’s Windsor mutual fund, later part of the Vanguard Group stable. Over the next three decades, he was among the...

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