The CGM Mutual Fund may be nearly 80 years old, but it's acting like a fund half its age, writes The Motley Fool.

Established on Nov. 6, 1929, the fund formerly known as the Loomis Sayles Mutual Fund had an impressive return of 38.5% in 2007, a five-year average return of 21% annually and a 10-year average of 7.5%, all well above the S&P 500.

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