ʻO ka ikaika ikaika,ʻo ia hoʻi heʻoiaʻiʻo i ka hihia o Parnassus Endeavor
ʻO ia kā Jerome Dodson, pelekikena o Parnassus Investments, i manaʻo ai i ka makahiki 2005 i ka manawa i hoʻomaka aiʻo ia i ka Parnassus Endeavor Fund. Ua manaʻoʻo ia he maikaʻi kahiʻoihana maikaʻi loa a hōʻike i nā hoʻihoʻi kūpono maikaʻi loa.
Akā,ʻaʻohe ona hōʻike e hōʻike ai.
ʻO Milton Moskowitz, ka mea kākau o ka makahiki 2009ʻo Fortune Magazineʻo "100 Kamaliʻi maikaʻi loa no ka Hanaʻana" i haʻi aku iā iaʻo ka Russell Group, ka mea nāna i paipai i nāʻilima waiwai, ho'āʻo i ka hapa nui o "100 Best" no nā makahiki he nui aʻikeʻiaʻo ia ka hoʻihoʻiʻana. nui aʻe ma mua o ka S & P 500. Ma hope,'ōlelo maiʻo Dodson, ua hana kekahi loea i ke Kulanuiʻo Wharton o ke Kulanui o Pennsylvania ma kahiʻano likeʻole a ua hoʻoholo like ia.
"ʻO ia ka mea i hōʻike mai iaʻu i kahi hōʻailona koʻikoʻi e hiki i kahi maikaʻi maikaʻi kahi e hoʻihoʻi mai ai i nā hoʻokele waiwai maikaʻi," wahi a Dodson.
ʻOiaʻiʻo, i ka halaʻana oʻehā mau makahiki ma hope mai, ua liloʻo ka Parnassus Endeavor Fund i mea hoʻokumu nui loa, ma muli o kona papa mele me Morningstar, he kumukūʻaiʻelima hōʻailona. Ma hope o kona mau makahikiʻehā mua, ua kiʻekiʻeʻo Parnassus Endeavor i 26.6 pakeneka i hoʻonohonohoʻia i ka hapa mua o nā kālā ulu nui. A ma hope o nā makahiki he 10 i hala,ʻo ia ka waihona kālā hōʻailona o ka US SRI.
Ua kōkua ka hana i ka waihona kālā mai kahi $ 9 miliona wale nō ma ka hopena o Malaki a hiki i ka $ 34 miliona ma ka hopena o Iune, kahi kokoke i $ 1.5 Billion ka nui.
"Hoʻopi ke kālā i ka hana," i'ōlelo aiʻo Dodson.
Paneʻo Parnassus Endeavor Fund i kāna 35 a 40 mau kikowaena mai kahi wai o nā poʻe i heluʻia ma ka Fortune Magazine 100 mau Kamaliʻi maikaʻi loa no ka Hanaʻana aiʻole iʻikeʻia paha he mauʻanoʻoihana maikaʻi.
Hoʻohana nō hoʻiʻo ia i kahi lole hoʻolālā eʻike aiʻo Dodson i ka waiwai waiwai o Graham & Dodd -style,ʻoiaiʻo Morningstar ka hoʻohālikeʻana i ka waihona kālā e ulu.
Ke manaʻo neiʻo Dodson heʻekolu kumu e hiki ai i nā hana maikaʻi ke hana i nā kūʻokoʻa maikaʻi. ʻO ka mea mua,ʻo ka loaʻaʻana o ka wahi maikaʻi maikaʻi kahi hōʻailona o ka hoʻonaʻauao kūlana.
"ʻO nā kānaka i maʻalahi i ka loaʻaʻana o kahi kūlana maikaʻi a me ka loaʻaʻana o kēlā mau waiwai kūpono i ka holomuaʻana ma nā wahi'ē aʻe e like me ka kūʻaiʻana i ke kālepa, kālā a me nā hana," i'ōlelo aiʻo ia. "Pēlā ka hōʻailona o ka maikaʻi maikaʻi."
ʻO ka lua o ka hikiʻana i nā hui hana mālama maikaʻi i kā lākou mau limahana he mau limahanaʻoi aʻe ka paʻakikī a me ke akamai.
"Inā wau e hana ana i kahiʻoihana kahiʻoihana wela, loaʻa iā ia nā pilikia o ka hana, hiki paha iaʻu ke hoʻolālā i ka hana maikaʻi e like me kaʻu hana ma kahiʻoihana maikaʻi kahiʻoihana, "Wahi āna.
ʻO ke kolu o ka hikiʻana i kēlā me kēiaʻoihana maikaʻi i nā kumu hanaʻole, e like me ke kālepa ikaika a iʻole ke kālā waiwai hiki ke hāʻawi i nā kumukūʻai hou e pili ana i kahi hana maikaʻi. ʻO nā mea iʻoi aku ka uku kiʻekiʻe, ka hoʻolimalima kālā , a me nā pono'ē aʻe.
ʻOiaiʻo Dodson e hoʻokomo nei i ka papa heluʻo Fortune i loko o ka hui o nā hui nui e noʻonoʻo,ʻaʻole ia e ukali.
Ua mālamaʻiaʻo NetApp i kahi helu hoʻokahi ma ka Fortune 100 hope loa i kekahi manawa aku nei, akā,ʻaʻole i loko o ka Parnassus Endeavor Fund no ka mea, ua ukuʻia he $ 128 miliona e ka aupuni aupuni i ka makahiki i hala aku nei no ka hoʻonuiʻana i nā mea lawelawe o ke aupuni.
Ma hope o ke kohoʻana i nā pūnaewele e hoʻohana ana i kahi pukaʻoi aku kahi maikaʻi loa, e nānā ponoʻo Dodson eʻike ināʻikeʻia lākou. Inā loaʻa ke kumu kūʻai o ka uku / uku makahiki (P / E) i lalo o kona mau makahiki heʻelima makahiki, lilo ia i mea hiki ke kūʻai. Heʻoiaʻiʻo nō ia inā e hāʻule nā lakio o kēia wā ma lalo o ko lākou mau makahikiʻelima.
Hiki i nā kānalua ke hoʻopaʻapaʻa i nā hui i komo i loko o ka Pūʻulu Workplace Fund he mau lawelawe maikaʻi loa me nāʻoihana maikaʻi a me nāʻoihana kālā aʻaʻole kūpono ka'īʻani o kaʻoihana. ʻAʻole manaʻoʻo Dodson pēlā.
"E nānā i kā mākou Parnassus Fund," i'ōlelo aiʻo ia. "Uaʻoi aku ka maikaʻi ma mua o nā makahikiʻekolu aʻehā paha, akāʻaʻole naʻe e like me Endeavor.
ʻAʻole i like ka nui o ia kālā ma kahi o ka hana, akā, e hanaʻia ma nāʻano pili likeʻole. Akā,ʻo ka Endeavor Fund ka maikaʻi. ʻO ia ka mea maikaʻi loa o kā mākou kālā. "