Growing Rich - Arabictrader.com

KIRK KAZANJIAN
compound returns was clearly enough to trigger huge redemptions
in Japan, shrinking total assets in yen by more than 91 percent.”
Could the same thing happen in the United States? Of course, it could.
But will it? That’s the trillion-dollar question. Personally, Stovall
doubts it.
But Stovall doesn’t have much time for pondering such unanswerables.
Between managing money, teaching, being a TV star, writing
magazine columns for various publications and caring for his large
family, he has a very full schedule. While his main office is in New
York, Stovall and his wife are constantly traveling around from their
principal home in Sarasota, Florida, to their New York apartment and
their residence near Honesdale, Pennsylvania. The Pennsylvania home
is a working farm of some 120 acres. “There’s a tenant farmer who
grows hay and pastures his cattle on the land, and I work with him
to make sure all of the buildings, fences, and flora are OK,” Stovall
says.
This investment veteran is a serious collector of Scandinavian oil
paintings from the nineteenth and early twentieth centuries. In addition,
he has amassed a number of unique paperweights over the years.
“I get some exercise, too,” he adds. “I like to swim, fish, bicycle, and
play squash.”
The practicing Catholic also looks forward to December, when he
gets to write his annual Christmas “speed letter.” It goes out to friends
and family and is full of one-line “Stovallisms.” Among his favorites
over the years is a quote borrowed from gossip columnist Liz Smith.
“She once wrote, ‘See everything, overlook a great deal, correct a
little,”’ Stovall observes. “Pope John XXIII said it, but it’s really what
any father of a big family should do. You need to see everything, be
aware of what’s happening around you, overlook most of it, and try
to correct very little.” This is also good all-around advice for every
investor who, like Stovall, is on the constant prowl for promising new
money-making opportunities.
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