Beating the Street (49 page)

foreign investors,
60

foreign stocks, investment in,
122
–28,
129
,
307

foreign vs. U.S. economy,
75
,
307

franchises,
181
,
293
–94

Frank, Danny,
104
,
105
,
253

Franklin Resources,
275
,
276
,
277

Frank's Nursery & Crafts,
168
,
175
,
176
,
292
,
314

Freddie Mac (Federal Home Mortgage Corporation),
265
–66,
272
,
301

Fryling, Victor,
253
–54

Fuddrucker's,
281
,
294

fund managers:

     all-star team of,
64
–67

     of country funds,
76

     evaluation of,
109

     
functions of,
63
–64,
102
–3

     research by,
104

     staff and associates of,
103
–7,
116

     as stockpickers,
59
–61

funds:

     size of,
69
–70

     
see also
“too big to succeed”

     types of,
62
–64,
70
–81

     
see also specific funds

Gabelli, Mario,
37
,
39
,
63
,
181
,
292

Gabriele, Hueglin & Cashman,
57

Gap,
28
,
150
,
153
,
154

gas, nuclear plants converted to,
253
,
254

gas drilling industry,
161

gas futures,
301

Genentech,
113

General Electric,
134
,
135

General Host,
168
–76,
292
–93,
313
–14

General Motors,
119
,
240
–44,
302
–3,
319

General Public Utilities,
135
,
245
,
246
,
247
,
252

Germantown Savings,
203
,
204
,
208
–9,
214
,
294
,
321

Germany Fund,
75
–76

Gilliam, Maggie,
107

Ginnie Mae funds,
58

Glacier Bancorp,
203
,
204
,
205
,
206
–208,
214
,
294
,
320

gold, as hedge,
72

Golden West,
185
,
197
–98,
199
,
210

gold funds,
71
–72

Good Guys,
163
,
183
,
312

Goodnow, Ed,
38

government bonds,
56
–57,
80
–81,
110
,
121

Great Britain:

     privatization in,
256
–59

     water utilities of,
257
–58

Great Correction,
131
–33

     as cyclical event,
46
,
47

     Fannie Mae and,
139
,
270
–71

     mutual funds and,
62
,
275

     NAIC and,
33

     Nippon Telephone and,
79

     Pier 1 Imports and,
163

     Roundtable and,
41
,
43

Green Tree Financial,
187
–88

growth funds,
62
–67

     stockpicking and,
67
–69

     value funds vs.,
62
–64,
67
,
81

growth vs. income,
49
–56

Gulf States Utilities,
245

Gulf War,
30
,
43
–44,
273

Haberman, Dick,
84

hair care industry,
177
–81,
293
–94

Handbook of Dividend Achievers
,
50

Harman International,
309

Hearns, Thomas,
267

Heebner, Ken,
162

herd instinct,
59
–60

H. F. Ahmanson & Co.,
312

hidden assets,
236

high-risk real-estate assets,
202

Home Depot,
89
,
90
,
150
,
293
,
308
,
313
,
318

Home Port Bancorp,
203
–4

home study course,
35

hot industries,
306

Hough, Brian,
30

Howard Johnson,
279
–80

Iacocca, Lee,
112

Ibbotson SBBI Yearbook, 1990
,
16
–18

IBM,
29
,
115
,
128
,
139
,
284
,
285
,
319

IFI,
217
,
128

income:

     growth vs.,
49
–56

     inflation and,
50
–51

income statements,
173
–74,
228
–29

incubator funds,
85

index funds,
59
–67

     managed funds vs.,
60
–66,
81

Indonesia,
301

industries:

     hot,
306

     troubled,
306

industry bets,
119

inflation:

     income and,
50
–51

     Treasury bonds and,
56

initial offering price,
201

insiders, stocks purchased by,
169

insurance stocks,
94
,
124

interest rates:

     bank stocks and,
94
–95

     bond funds and,
56
–57,
276

     bond yields and,
110
,
112

     equity funds and,
276

     Fannie Mae and,
264
–65,
266
,
274
,
320

     mutual funds and,
276

interest vs. dividends,
49
–51

International Dairy Queen,
211
,
280

inventories,
164

investment clubs,
12
,
32
–35

     collective decision making of,
33
–34

     research by,
34

investments:

     age and,
50
–51

     in cyclicals,
108
,
139
,
233
–34,
266
,
302
–4

     fees and expenses of,
56
,
57
,
58
,
69
,
76
,
99

     by foreigners,
60

     in foreign stocks,
122
–28,
129

     load vs. no-load,
69

     long-term,
305

     1926–1989,
16
–18,
45
,
46
,
49

     on past performance,
67
–69,
81

     regular routine of,
33
,
34

     in retail sector,
108
,
150
–59,
188
–89

     risks and,
12
–13,
306

     in S&Ls,
130
–31,
149
,
194
–218

     in small companies,
306

     willpower and,
36

     
see also
stockpicking

investment seminars,
121
–22

Investment Vision
,
68

investor relations department,
226
,
243

investors, individual vs. professional,
11
–12

Investor's Business Daily
,
27

investor's edge,
305

investors manual,
34
,
35

Iverson, F. Kenneth,
191

Jan Bell Marketing,
117
–18

January effect,
147

Japan:

     country funds in,
77
–80

     research in,
77

     speculation in,
80

     stock market in,
78
–80

     U.S. auto industry and,
243
,
244

Jasen, Georgette,
43

Jimmy Stewart thrifts,
194
,
196
–99,
203
,
216
,
296

Johnson, Bob,
111

Johnson, Ned,
7
,
83
,
84
,
99
,
101
,
128

Johnson & Johnson,
134

Jones, Paul Tudor,
37
,
41

J. P. Morgan,
194
,
199

junk bond funds,
56

Kalmanson, Monica,
155

Keating, Charles,
194
,
195
–96

Keating, Matt,
29

Kelleher, Herb,
185

Kellenyi, John,
107
,
246

Kemper,
135
,
276
–77

Kentucky Fried Chicken,
279
,
280

Kett, Jeremy,
290

Kiernan, Terence,
30

King World Productions,
136
–37

Kinki Nippon Railway,
128

Kinzel, Dick,
224

Kleppe, Martin,
209

Klingenstein, Thomas,
267
,
269

Knisell, Paul,
29

Kodak,
284
,
287

Lally, Kathleen,
246

Lawrence Savings Bank,
204
,
214
,
295
,
321

Lehman Brothers data base,
25

Leifer, Alan,
162

lending, borrowing and,
267

Lindner, Kurt,
63

Lipper, Michael,
60
–62

Lipper Analytical Services,
67
–68

liquidity,
120

     of Fannie Mae,
264

load vs. no-load funds,
69

loans:

     camouflage of,
211

     equity vs.,
213
,
214

     mortgage, in default,
161

Loews,
135

Long Island Lighting,
245
,
246
,
247
,
251
,
254

long shots,
305

lunch, research and,
92
–94,
103

Lyden, Barry,
102

Lynch Method,
20

MacAllaster, Archie,
37

McDonald's,
29
,
280
,
282

Magellan Fund,
82
–139

     as capital appreciation fund,
62
,
64
,
104

     containing losses in,
138
–39

     early years of,
82
–100

     eclectic holdings of,
85
,
87
–92,
104

     
flexibility in,
87
–88

     as incubator fund,
85

     later years of,
116
–39

     logo of,
86

     middle years of,
101
–15

     most important stocks of,
136
,
137
,
138

     as opened to public,
99
,
107

     S&P index vs.,
88
,
89
,
99
,
128
,
148

     shutdown of,
85
,
92

     stock market and,
114
–15,
132

     supervision in,
109

     as “too big to succeed,”
69
–70,
115
,
116
–17,
130

     turnover rate in,
89
,
91
,
107

     workday at,
101
–3

malls,
150
–59,
223
–24,
291

managed funds:

     containing losses in,
137
–39

     index funds vs.,
60
–66,
81

     types of,
62
–64

margin, buying on,
132

Marshall, Don,
227
,
230

master limited partnerships (MLPs),
221
–32,
298
–301,
315
,
316
,
318

     earnings distributions of,
222
,
224

     paperwork of,
221
,
227

Maxfield, Charlie,
86

Maxwell, David,
265
,
268
,
270

MCI,
135

Medvec, John,
211
–12

Merck,
60
,
133
,
308

Mercord, Charles,
206
–8

Merrill Lynch data base,
25