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av({"version":"1.0","encoding":"UTF-8","entry":{"xmlns":"http://www.w3.org/2005/Atom","xmlns$blogger":"http://schemas.google.com/blogger/2008","xmlns$georss":"http://www.georss.org/georss","xmlns$gd":"http://schemas.google.com/g/2005","xmlns$thr":"http://purl.org/syndication/thread/1.0","id":{"$t":"tag:blogger.com,1999:blog-1255205710242367002.post-7892992057307558188"},"published":{"$t":"2012-09-20T08:45:00.002-07:00"},"updated":{"$t":"2012-09-20T08:45:45.592-07:00"},"title":{"type":"text","$t":"Long term plans"},"content":{"type":"html","$t":"\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003EThe second purpose of contact with the management is to have management tell you their long-term strategy. Most of the time it’s a bunch of nonsense. Running any business is mostly a matter of trying to see and size opportunities. It’s not a matter of having a long term plan. If it were a matter of having a long term plan, the Soviet Union would not have dissolved.\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003EJean-Marie Eveillard\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cbr \/\u003E\u003Cdiv sizcache035860080765057905=\"4.0.66\" sizset=\"false\" style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Arial, Helvetica, sans-serif;\"\u003E\u003Cb\u003EJean-Marie  Eveillard\u003C\/b\u003E is a French international investor who currently serves as the  senior investment adviser to \u003Ca href=\"http:\/\/en.wikipedia.org\/wiki\/First_Eagle_Funds\" title=\"First Eagle Funds\"\u003EFirst Eagle Funds\u003C\/a\u003E.\u003Csup class=\"reference\" id=\"cite_ref-0\" jquery181021245705726964092=\"7\" sizcache035860080765057905=\"4.0.62\" sizset=\"false\"\u003E\u003Ca href=\"http:\/\/en.wikipedia.org\/wiki\/Jean-Marie_Eveillard#cite_note-0\"\u003E[1]\u003C\/a\u003E\u003C\/sup\u003E Eveillard, who  served more than a quarter century as a \u003Ca href=\"http:\/\/en.wikipedia.org\/wiki\/Portfolio_manager\" title=\"Portfolio manager\"\u003Eportfolio manager\u003C\/a\u003E, was co-honored in 2001 by  \u003Ca href=\"http:\/\/en.wikipedia.org\/wiki\/Morningstar,_Inc.\" title=\"Morningstar, Inc.\"\u003EMorningstar,  Inc.\u003C\/a\u003E as \"Stock Manager of the Year\" and was a finalist for their 2009 \"fund  manager of the decade award for non-U.S. stocks\". In 2003, the group gave him a  \"Fund Manager Lifetime Achievement\" award.\u003C\/span\u003E\u003C\/div\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/thoughtmeme.blogspot.com\/feeds\/7892992057307558188\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/thoughtmeme.blogspot.com\/2012\/09\/long-term-plans.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/1255205710242367002\/posts\/default\/7892992057307558188"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/1255205710242367002\/posts\/default\/7892992057307558188"},{"rel":"alternate","type":"text/html","href":"http:\/\/thoughtmeme.blogspot.com\/2012\/09\/long-term-plans.html","title":"Long term plans"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}}});