Clear Distinctions between Compounders and Cigar Butt Stocks Value Added from Fundamental Research

Capturing the Correct Part of a Stock’s Movement

[SAC Capital’s] Steve Cohen thought it was the silliest thing in the world to try to capture the first and last part of a stock’s move – those were the most dangerous parts of investing. For me, I’d like to capture more of the early part of the move and leave the latter part for somebody else.