http://www.forbes.com/forbes/2008/0616/068_print.html
Discipline" and "patience" are probably the two most valuable words in value investing. It stands to reason, then, that few places would serve as better incubators for a value investor than The Pas, in Manitoba. Close to polar bear country, where Hudson Bay winds chill the air to 40 degrees below zero and the wait for spring lasts eight months, The Pas is the hometown of Randolph McDuff, a stock picker with an astounding record.
Since McDuff began running his RMG ValueCatalyst small-company fund eight years ago, he has earned a compound annual return of 36.4%. Not a single diversified stock fund in Lipper Analytical's universe of 1,555 mutual funds can match that. Ken Heebner's CGM Focus Fund comes closest at 32.2% a year over the same period.
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McDuff scouts for overlooked sectors, too, and is big on airports. Since airport privatization is still a foreign concept, airports are mostly ignored here, he says.
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McDuff's favorite is Beijing Capital International Airport.
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3 comments:
This is not related to the post, but I think it is wonderful!
"Make profits as your own creditworthiness falls!!"
How do you do that. I profess my technological ignorance. I have always wondered how to type to hyperlink text like that. I probably should just Google it.
I tried to write out an explanation but it kept wanting to hyperlink what I was trying to show you, so just click here rather, it shows you exactly how:
http://www.w3schools.com/HTML/html_links.asp
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