An interview of David Winters by Morningstar. "David Winters always liked trains as a boy, so you might say it was his childhood pastime that led him to Richmond, Fredericksburg & Potomac Railroad dividend obligations early in his career at Mutual Series. He remembers seeing the train once as a kid. But something bigger caught his attention as an investor. Reading the company’s annual report, Winters found that RF&P had no debt and lots of cash. What really clinched it for him, though, was its 350 acres in Alexandria, Va.—on the books at 1830s prices."
Read the complete interview
Read the complete interview
