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I don't think anyone enjoys raising money, but for some reason I seem to have a knack. ”
But we did conclude that Ray had actually killed Dr. King pursuant to his theory that he was going to be able to get hold of that money. He had learned of this offer through his ties in the Missouri State Penitentiary. ”
Not counting 'Small Steps,' I think 'Holes' is my best book, in terms of plot, and setting, and the way the story revealed itself. It hasn't changed my life, other than that I have more money than I did before I wrote it. I'm still too close to 'Small Steps' to compare it to 'Holes.' ”
As a rule, bond funds will not double your money overnight. ”
Large-caps were safe in 1996, '97, '98. Everybody was buying index funds and Nifty Fifty funds. As long as money was pouring in, it was great. ”
Internally, when we manage portfolios, we figure out what works in large cap, what works in mid cap, what works in small cap. Generally speaking, large cap stocks want earning stability, strong cash flow, margin expansion. ”
There are several things that can create an alpha - stock buybacks are one. High dividend yields are another, especially nowadays because the stock market yields more than the banks and the tenure treasury. But by and large, it tends to be companies with a strong cash flow, rising sales, accelerated earnings, a profit margin expansion. ”
What we do is we test what works on Wall Street. And sometimes it is earnings momentum, and sometimes it's earnings surprises. Sometimes it's price-to-sales cash flow, and then we put together our stock selection models. ”
All I'm trying to do is manage money and take care of my shareholders. ”
If you are a short-term trader, you have the right to come and go from our funds. ”