Affiliated Managers (AMG)

Value Investing Requires Intelligent Patience

Introduction After working with investors for more than 50 years, I have learned many things about human nature. Especially when it comes to people’s money. Value Investing Requires Intelligent Patience. Perhaps the most vivid lesson I have learned is that most people lack the ability to apply intelligent patience to their investment portfolios. In other …

True Growth Stocks at a Reasonable Price (GARP)

Introduction The words growth stocks have different meanings to different people.  More often than not, when people are talking about so-called growth stocks, they are actually talking about speculations.  These are companies that are expected to grow over time, however, they are also stocks that the market has significantly overvalued.  In other words, people are …