AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Byline: KEN HOOVER
The brothers Tom and David Gardner are no fools. But they are Fools. They use the capital F to separate themselves from what they dismissively call the Wise Men of Wall Street.
As the Motley Fools, they've built a good business preaching Foolishness to the investing public. More than 2 million people visit their fool.com Web site each month. (But be careful. It's April Fools' Day.) They write best-selling books and a newspaper column, host a radio show and are launching an investment newsletter.
By Foolishness, they mean you can ignore the conventional wisdom and beat the pants off mutual fund managers, hotshot analysts and the S&P 500. All you need is education and patience.
To prove the point, they invested $50,000 in what they now call the Rule Breaker Portfolio. As of March 25, it was worth $350,787. That's a 375% return since it was started Aug. 4, 1994, and an annualized return of 27.9%, more than double the S&P 500.
They've made some great picks: AOL, Iomega, Starbucks and Amazon.com, to name a few.
David, 35, whose investment style is the more aggressive, looks for companies he knows as a consumer.