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This fund is doing it the old fashioned way.

Here’s how Foreman explains it: “This is America. If you have a successful business that’s creating wealth, lots of people will try to knock you off. Our job as investors is to make sure that when these people try they fail miserably, or they have very limited success and spend a lot of money to get nowhere."


Foreman’s stock pickers—who work in risk-minimizing and ego-shrinking teams—don’t predict corporate earnings or the direction of the economy. Instead, they study a company’s customers, suppliers and competitors. They have skipped over Ford and GM to own Autohome, which maintains a database of 11.5 million listings in China, and Copart, a Texas firm that auctions wrecked and recovered stolen cars for insurers.

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