with Business Insider, he explained his investment theses for some of the non-technology stocks that have driven his fund's returns, which are in the 92nd percentile on a five-year basis.
Since the fund's inception in 1993, Puglia has viewed a company's free cash flow as a strong predictor of its returns. This means that regardless of sector, he's drawn to companies with the resources to invest in and grow their future earnings. He also hunts for firms that have leading market positions in their industries and strong management teams that allocate capital responsibly.These guidelines led him to the following companies, which he says are off the beaten technology path. All the quotes below are attributed to him."From a broad portfolio-construction view, the quick-service restaurant industry is very appealing.
"The restaurant industry would be a great example of an industry that has durable sustainable growth, in our view, and the business models tend to generate a lot of free cash.
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Stocks move broadly lower as trade war anxiety lingersBanks and technology companies are driving a broad slide in stocks on Wall Street that has knocked the Dow Jones Industrial Average more than 300 points lower We're sure showing the Chinese who's boss. Thankfully this doesn't affect the lower and middle class! Huh. That would be a disaster eh? Wait... My RMD will be lower this year.
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Small cap stocks are tanking, while large caps hold up, a signal something is wrong with economySmall-caps stocks continue to crater, especially next to their large-cap peers, as investors shed riskier plays in a confusing global economic landscape. El tipo de noticia que no ayuda, insisto en que debemos enfocarnos en las oportunidades y no en el problema. Duh. Trump works directly for Putin, the tariffs are Vlad's idea to destroy the US economy, and it's working perfectly for him. Why not just say that? tracylynnrobb Duh.
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