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During that time period Acorn yielded a 16.3% annualized return significantly above the S&P500 Index during the same span. One of Wangers most impressive success stories is when he purchased the stock of International Game Technology, a leading producer of slot machines for $1 a share in 1988, just after new management had taken over, and later sold the stock in 1993 when the price hit $40 per share.
Wangers’ philosophy is to invest in superior small company stocks that will benefit from general trends. He points to general economic, social and technological trends as being the main drivers for corporate sales and profits...
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