The single biggest motivating factor throughout Eddie Brown’s career has been to pay forward a life-changing gift he received in his senior year of high school. “One of my greatest regrets is I didn’t have enough sense at a young age to seek out the person who was my benefactor and thank her,” says Brown, founder of Baltimore-based Brown Capital Management.
In 1983, Brown struck out on his own, founding Brown Capital Management, not because of a dearth of opportunity, he says, but because the timing was right and his philanthropic goals loomed large. The now 36-person employee-owned firm manages $14 billion in assets, including the $5.9 billion Brown Capital Management Small Company fund , which is up an average of 14.3% over the past 15 years, better than 99% of its small-cap growth peers.
. A 2019 study found that firms owned by minorities and women effectively have to work 10 times as hard for assets. Have you found that to be the case? You’re credited with first using the term GARP, or growth at a reasonable price. What’s the back story?
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