Michael Sandler
Michael Sandler
adding cheaper companies fine kept people
One of the ironies of 1999 is there were fine companies doing better than people anticipated but no one cared. They kept getting cheaper and cheaper and we kept adding to our portfolio.
owning philip smart
Of course, we didn't look smart in 1999 owning Philip Morris.
chase focus good investing prior returns running somebody team understand
The most important thing is don't chase returns because somebody had good returns in the prior year. You want to focus on the team running a fund; the long-term returns; and understand the investing philosophy.
confident investing robust
We're confident value-style investing is robust and is going to be around.