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Index Funds May Hold More Danger Than You Realize — Here’s A Way To Cut Your Risk: (SGENX)
FYI: Kimball Brooker says he and his co-managers at the $50 billion First Eagle Global Fund use an insurance term to refer to their process of assessing companies for investment: underwriting.
The word is “taken from insurance or lending, because in those industries you are most focused on the severity of loss,” he said in a phone interview Sept. 19. “This is different from most equity managers, who are only focused on returns. They talk all the time about the returns they are looking to get.”
