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LIBT 2016 Banquet Book

FUNDAMENTAL ANALYSIS GROWTH of CAPITAL “Volatility provides opportunity. Quality franchises are on sale and we are buyers. It is ironic testimony to the inef ciency of markets today, that one can acquire a fractional interest in a liquid, high quality, publicly held franchise….. at a price that re ects a lower multiple of cash  ow than one would pay for a “C-grade” neighborhood strip mall in Anytown, USA.” h Excerpt from John Hughes’ Letter to Investors—January 2009 QUANTUM CAPITAL MANAGEMENT, L.L.C. tel. 609.677.4949 www.quantumadv.com North eld, NJ 08225


LIBT 2016 Banquet Book
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