When he died, that one share was given to her mother, and when it later came to us, it had become 2,000 shares. So, I have that kind of philosophy, but I also think that a shorter time horizon is appropriate in certain situations. Assisted living, for instance, is going to be a growth market. Because the older generation is becoming an increasing percentage of the U.S. population. So you formulate a universe of companies participating in this market.
Management is a very important criterion.
For the past four decades, I've routinely visited companies and interviewed management. Unless you understand the mindset of management, you don't understand the company. Of course, price enters into the decision to sell, but even more important is how things are changing as the company goes through time. Certainly, growth companies provide more opportunities to create jobs, and if they can do that in socially responsible ways, then growth can be really exciting. For more information, including charges and expenses, please obtain a prospectus to read carefully before investing.