We recently had the chance to attend the annual Wells Fargo Healthcare Conference held in Boston. It is a great event with management teams from over 100 publicly traded healthcare companies making presentations to an audience of analysts, investors, and portfolio managers. These presenting companies run the gamut from small biotechnology firms to health analytics companies to household names like Johnson & Johnson and Medtronic. We go into this conference each year with the three goals: to get a progress report on the names currently in our portfolio; to find some new potential candidates on which to focus our future research; and to learn something new about the industry.Continue reading
To become proficient at investing you have to work hard. It’s as simple as that. There’s no getting around it. I have found that the best investors read everything that they can get their hands on. They like to turn over the rocks and “peel the onion” so to speak. They read investment (and non-business) books by the handful, scour several newspapers per day and routinely analyze the financial filings of hundreds of companies consistently. Of course, having a good mind helps too – but nothing replaces reading. Even the most successful investors of all time such as Warren Buffet, Peter Lynch and John Bogle were voracious readers. They (or you) should never stop learning!
Folks ask us all the time what are our favorite investment books. We thought that the list below may be of interest to you and/or your children:Continue reading
For those of you that know us well, you know that meeting with companies and doing comprehensive research is embedded in the DNA of our firm. It’s how the business was built over 20 years ago. As part of our ongoing due diligence, we frequently meet with and check-in with the management teams of the companies in our portfolios. We have been investors in Federal Realty (FRT) for many years now, and we recently had the opportunity to attend their Investor Day. We were greeted by Dawn Becker (shown above) who gave us the lay of the land and told us about some upcoming projects that Federal Realty is working on. You may or may not be familiar with Federal Realty, but you are probably more familiar with Assembly Row – Somerville’s premier retail center which includes retail outlets, restaurants, a movie theater and apartments (and will also be PUMA’s new North American headquarters) – only a stone’s throw away from downtown Boston. Federal Realty is the mastermind behind this giant project, and they have several more high-profile office and retail centers located in urban areas around the U.S.Continue reading