Growing Rich - Arabictrader.com

GROWING RICH WITH GROWTH STOCKS
says. “I didn’t think Fidel Castro would survive, so I talked my wife
into taking these two boys in. They were staying at an orphanage in
Paterson, New Jersey. Their parents were in jail in Cuba. Apparently
Castro locked up people from aristocratic families, like the boys’ parents,
so he could take their assets and give them to others. That’s how
he redistributed wealth in his country. The boys, Enrique and Eduardo
Del Riego, had originally been placed with an older couple in our
Catholic church diocese. They couldn’t handle the boys and sent them
back to the orphanage. We drove over to pick Enrique and Eduardo
up in our station wagon in July 1962. They sat in the back with our
dog and were terrified at first, but after a few days, we adjusted to
each other and they’ve been an important part of our family ever
since. The boys grew into nice young men. Both are professionals in
the Miami area. One’s in medicine and the other’s in shipping. They
now have wonderful families of their own.”
Stovall concedes he was wrong about Castro’s demise by at least
35 years. “That’s about average for an investment strategist, though,”
he quips.
MEET PROFESSOR STOVALL
Since 1985, Stovall has been an adjunct professor of finance at
New York University’s Stern Graduate School of Business. “I teach a
course in investment strategy that’s always a sellout,” he says. “I have
65 MBA candidates every semester. I show them how to pick stocks,
when to focus on bonds, discuss asset allocation and debate the
merits of both value and growth investing. I also give them techniques
for spotting potential takeover candidates, and bring in a number of
guest lecturers, including my son Sam, whose specialty is ‘sector rotation.’
About a third of the class is female, and I have a large number
of international students. The average age is around 28. I think one
reason students like my course is that I have a reputation for being
understandable and somewhat humorous. Many professors at graduate
schools around the country are not native English speakers. They are
difficult to understand, which makes it tough for students to grasp
an intensive subject like finance, especially if English is a second or
third language for them, too.”
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