Saturday, November 18th, 2017

Comments from US Mid-Cap Growth Fund manager at the Mackenzie conference

Here are some remarks from the manager of the Universal American Growth Fund that I wrote down as he spoke at the November 2012 Due Diligence conference.

  • Protection is earned by owning companies that produce real value.
  • The basic threat investors face is that money in treasury bills is losing money after inflation.
  • We are modeling companies using tough assumptions.
  • The United States is the only country that was founded on an idea – that men are free.  That idea still provides an advantage to the U.S.
  • We seek companies whose growth is decoupled from the broad economy and who produce real value and get paid for that value regardless of currency.
  • There is a great opportunity in emerging markets for U.S. companies in areas that few others service or products that few others can make.
  • Study the people who run the business – numbers don’t catch everything.
  • Looking for companies that can earn a 20% return and can be held for three to seven years.
  • We live and breathe the job, constantly asking questions, inquiring.

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