Opinions expressed by Entrepreneur contributors are their own.
Nothing is simple anymore. Take value investing, for example.This strategy used to be cut-and-dried. Basically, portfoliomanagers bought good companies selling at low multiples--in otherwords, on the cheap. Today, however, not all value funds arecreated equally. Just look at the Thornburg Value Fund. It'sgot a mind all its own.
Bill Fries, portfolio manager of the Thornburg fund, cuts abroad cloth when he's shopping for companies in which to investthe fund's assets. "We look at low price-to-earnings, lowprice-to-cash, above-average dividend yield and that kind ofthing," says Fries, who has been at the fund's helm sinceits inception in 1995. "But we also buy consistentgrowers--blue chip stocks. And we have a small portion of theportfolio in emerging companies."
Continue reading this article — and all of our other premium content with Entrepreneur+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Access to all of our premium content and an ad-free experience
- Entrepr免费订阅eneur Magazine
- Four free e-books a year and 20% off everything from our bookstore
- Exclusive events with business celebrities and successful entrepreneurs