The managers buy stocks with market capitalizations of less than $1.5 billion.

"Most managers don't buy good companies and they change 80pc of their portfolio every year," he said.

Even in other funds, a manager may have bought just a small amount of a such an issue.

The performer or his manager is buying the space and getting a professional evaluation.

I've seen managers of companies buy stock at prices that are stupid.

If your car is not immediately released, the manager and store have bought themselves a problem.

"I am sure the manager has bought players coming through to add to the youth," reflected Young.

The managers originally bought shares at $20 in December 1999.

"The trick is for him to get managers to buy into a system they didn't grow up in."

The managers originally bought the stock at $27.69 in December 1998.