Investment Styles
There are a range of different styles of fund management that the institution can implement. For example, growth, value, growth at a reasonable price (GARP), market neutral, small capitalisation, indexed, etc. Each of these approaches has its distinctive features, adherents and, in any particular financial environment, distinctive risk characteristics. For example, there is evidence that growth styles (buying rapidly growing earnings) are especially effective when the companies able to generate such growth are scarce; conversely, when such growth is plentiful, then there is evidence that value styles tend to outperform the indices particularly successfully.
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Famous quotes containing the words investment and/or styles:
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)
“The gothic is singular in this; one seems easily at home in the renaissance; one is not too strange in the Byzantine; as for the Roman, it is ourselves; and we could walk blindfolded through every chink and cranny of the Greek mind; all these styles seem modern when we come close to them; but the gothic gets away.”
—Henry Brooks Adams (1838–1918)