Robert Olstein is celebrating the 10th anniversary for his Olstein Financial Alert Fund. He has good reason to celebrate because his fund has returned 323% over the last decade, while the S&P500 gained 140%. He discussed the ten most important tenets of his investment philosophy, which he believes differentiate him from the others: there is a high correlation between long-term performance and error avoidance; “Risk” is more than the volatility of the stock; The three most important factors to consider when purchasing stocks are: “PRICE, PRICE, PRICE.”…
http://www.olsteinfunds.com/TOFAF-Annual05.pdf
http://www.olsteinfunds.com/TOFAF-Annual05.pdf
