Q: Do you rely upon any Wall Street research?

A: No. I've always known they've been biased.

Q: I see you worked as a floor trader in commodities futures for five years. How did you transition yourself from a trader to a stock portfolio manager?

A: While I was doing that, I was also managing some individual accounts. I was doing well enough where a lot of people wanted to get involved in what I was doing. I thought the best way to open it up to them was to get involved in managing a mutual fund.