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COPYRIGHT 2003 Adams Business Media
Lateef Management Associates
A Chinese proverb says, "With time and patience the mulberry leaf becomes a silk gown." The money management team at Lateef Management Associates (LMA) understands the wisdom behind this deceptively simple statement. After all, time and patience are critical components to its proven investment strategy.
"We not only find good businesses, but we try to determine at what point we should buy them," says Al Lateef. "Identifying good companies is simply not enough--you have to buy them at the right price. That's when 90% of the problem arises--when you simply pay too much for a good company."
Growth at a reasonable price is the investment style that continues to serve the firm well. Founded in 1974 by Lateef, LMA currently has approximately $575 million under management, handling the investment portfolios of individuals, corporations, employee benefit plans, charitable foundations and academic endowments. Nelson Information, a database of more than 2,600 money managers, named LMA to its list of "World's Best Money Managers" for the fifth quarter in a row in March 2002, and Money Manager Review, a database of more than 800 money managers, ranked the firm No. I of all Multi-Cap Growth...
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