Mr Goldfarb looks like he is stressed and when you look at the performance at Sequoia over the past 10 years, you could have done better having your money in a Certificate of Deposit vs Sequoias' pretty anemic performance.

Like Mr. Buffett, said, most maney managers can not do much better than the S and P over time. Sequoia is no exception. In spite of a high expense ratio and a stable of highly paid analysts, Sequoia isn't doing a superior job.

The boys at Sequoia are running on the glories of the past.