David Simpson, Vice President at WM Advisors, Talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 10, 2000 The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record has published an in-depth interview with David Simpson David Simpson may refer to:
The entire 5,300-word interview is available free online at http://www.twst.com/fundmanagers.htm. Simpson gives an overview of the fund: "The Growth Fund of the Northwest is a regional fund, so we invest primarily in companies that are headquartered in five northwestern states, and the remainder must be doing business in those states. Our objective is to seek long-term growth of capital while investing in such companies." Simpson explains, "I try to invest in the companies with the best opportunities, and then I spend most of my time following those companies rather than looking at new ones. That's probably somewhat unusual among investment managers. Most investors spend most of their time looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the next hot idea. I would rather spend the time making sure that I'm comfortable with the investments I have, and working with those positions, as opposed to spending a lot of time looking for another hot idea." Looking forward, Simpson states, "We can invest in deep value stocks Value stocks Stocks with low price/book ratios or price/earnings ratios. Historically, value stocks have enjoyed higher average returns than growth stocks (stocks with high price/book or P/E ratios) in a variety of countries. and we can invest in fast growing stocks. We can invest in the heavy industries or the biotechnology sector. If I did not limit my universe at all and I said, okay, it is a global fund that can invest in any company on the planet, I would be so overwhelmed o·ver·whelm tr.v. o·ver·whelmed, o·ver·whelm·ing, o·ver·whelms 1. To surge over and submerge; engulf: waves overwhelming the rocky shoreline. 2. a. I would not know where to start. For us, it helps to have a very clearly defined universe and simply focus on that universe to do the best we can to generate returns." The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. for over 37 years. The Wall Street Transcript has launched a new free service where investors can ask WM Group of Funds group of funds See family of funds. (or any public company) a question at http://www.qawire.com. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. |
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