Christopher Davis
Christopher Davis
finding rogers unusual value
Rogers is finding value in some unusual places.
change mutual potential sea
It is a potential sea change in mutual funds.
bought businesses certainly concern earnings expert justify lifetime market parts people produced psychology rather thinking
I think there will certainly be some concern about earnings, but there are also parts of the market that will probably be grossly overvalued. I may not be an expert in all of them, but I do know that the earnings that would be produced by the businesses over their lifetime could never justify their market capitalizations; people bought them because they thought they have to go up, so in that sense, they're thinking about psychology rather than economics.
article involved month news request saw
We got involved because I saw some news article about it on the Internet, about a month after they put out the request for proposals.
book books-and-reading department ideas submitted together
We put together this 25-page book of essentially our ideas on how we would go about doing the project, and we submitted that to the Department of Energy.
bob capable caution charge investor manager portfolio since smith throw
Portfolio manager Bob Smith has been in charge since 1997 and is a very smart, capable investor who won't throw caution to the wind,
book books-and-reading copy encourage good people
I would encourage people to get a copy of the book. It's a good book to have.
lost
It wouldn't be catastrophic if they lost it.
buying change economic high hot momentum people stocks style supported
People that have had a style that typically now is called momentum investing, buying the hot stocks of the day, the high fliers, that aren't supported by the economic fundamentals of the business, should change their style, ... It's not too late.
bonds holds investors stocks taxable vehicles wisdom
Conventional wisdom holds that investors should hold bonds in tax-protected vehicles like IRAs and stocks in their taxable accounts.
business coming designing leadership levels managing process site sponsors strategy types web whether
There will be so many different levels of involvement. Whether it is leadership or whether it's managing the construction process or coming up with our business strategy or our branding types of things, and designing our Web site and marketing, and contacting sponsors and things like that.
actual design plan project quarter spring studio stuff
A lot of the organizational stuff is already started. Our plan is that Spring Quarter we will have the interdisciplinary studio to actually get most of the actual design for the project done.
almost fund solely
Also, the fund has become more diversified, where it was once almost solely pharmas and biotechnology.
conviction goes great money people quote reminded swimming tests tide time warren
This is going to be a time that tests people's conviction, and people have thought often of how much money they can make and not enough about the question: How much can you lose? I'm reminded of a great quote by Warren Buffett when he said: 'It's only when the tide goes out that you see who is swimming without a bathing suit,'