Primecap Odyssey Aggressive Growth Fund, run by a firm that’s best known as a money manager for Vanguard Group Inc., beat peers over the past five years with a heavy dose of health-care stocks, many held for years.
What is known so far about the Internal Revenue Service’s examination of political nonprofit groups doesn’t answer one main question -- whether the U.S. tax agency’s actions were malicious or just inept.
Corporate jargon has now given us the term “hive mind,” which expresses the belief that a group of individuals working in proximity can achieve a sort of critical mass that will generate more and better ideas than an individual working alone could. Many businesses in Silicon Valley seek to foster this creative environment.
Eric Schoenstein, co-manager of the Jensen Quality Growth Fund, likes investing in high-quality companies that don’t need to borrow money to grow. Problem is, with interest rates virtually nil and even the junkiest of companies able to load up on cheap debt, the ability to self-finance growth doesn't count for as much as it used to. That’s one reason Schoenstein’s fund has lagged peers and the S&P 500 in the last three years.
Alan Shaw, the chemist and executive who led a six-year effort to turn inedible crops into fuels to displace gasoline, has renounced the industry he helped pioneer and decided the future instead lies with natural gas.