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  1. Portfolio Updates • July 29, 2005

    “The art of being wise is the art of knowing what to overlook.” – William James, American philosopher and psychologist Dear Fleet Street Investor, The Washington area becomes uninhabitable in the middle of summer. The stifling heat and humidity moistens the brow almost as soon as you step outside. Those who can make for cooler lands, preferably near [...]

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  2. The Lollapalooza Effect • July 22, 2005

    “History is the science of things which are never repeated.” – Paul Valery Dear Fleet Street Investor, The story of John Patterson is the story of a money mind in action. Patterson, a small retail merchant struggling to make a buck in 1880s America, installed a new, crude device that basically performed the functions of a cash register. [...]

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  3. I Met With the World's Greatest Small-Cap Investor, and Here is What He Said • July 15, 2005

    Last month, my publisher, James Boric, and I traveled to Chicago to meet Ralph Wanger – one of the most celebrated investors of the last 50 years. From 1970-2003, Wanger ran the Acorn Fund, a small-cap fund that invested in fundamentally sound companies. During his tenure at Acorn, he averaged a robust 17.2% return. A [...]

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  4. Take Profits on Chiquita • July 15, 2005

    Dear Fleet Street Investor, I’ve been thinking a lot about Chiquita Brands International (CQB:nyse), which was added to Fleet’s portfolio last July at a price of $19.21. Today, the shares are over $30, good enough for gains of nearly 60% for Fleet readers in about a year’s time. I recommended the stock last July because it was [...]

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