He began his career as a stockbroker at
Q How's business at
A Very healthy. Last year we reported record earnings, and just three quarters of the way through our fiscal year 2014, earnings are already higher than in the full fiscal year 2013.
Q Several of your funds have ranked among the best in their class, including the Hennessy Cornerstone Mid Cap 30, named by Kiplinger's as a top midcap fund over the past 10 years. Why has it been successful?
A The Mid Cap 30 Fund employs a highly disciplined, quantitative formula. ... We avoid the emotion that can derail investors.
Q What is your investment philosophy and business philosophy?
A We are disciplined, process-oriented investment managers, and we are committed to delivering strong, long-term performance for our shareholders, without undue risk. Treating clients honestly and ethically, building strong partnerships and managing money for the sole benefit of shareholders are principles our firm was founded on.
Q What are your top stock picks for the next year or so?
A Two investment ideas for the coming year are
Q Is it time to invest, or to keep money in the bank?
A Provided you have a longer term investment horizon, it is always a good time to invest. The markets will have ups and downs, but over time you will be successful if you buy and hold high-quality stocks.
Q When can we expect a stock market correction?
A I don't believe in timing the market, rather investing success comes from time in the market.
Q What do you do to relax when not in the office?
A I enjoy spending time with friends and family, including my wife, five children, two son-in-laws and a grandson, with a second grandchild on the way.
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