Buy Southwest Airlines And Costco For Long-Term Growth?

Stock market bulls are a rare breed in today’s market. With global growth slowing, yields falling and a great deal of political uncertainty overhanging the market, the vast majority of investors are sitting on the sidelines holding cash and gold.

[timeless]

One manager going against the herd is Frederick Rowe of Greenbrier Partners and in this month’s issue of Value Investor Insight, Rowe explains why he considers himself more bullish than most.

Frederick Rowe: Looking for the moat

Since 1986 Greenbrier has earned a net annualized 12.5%, vs. 10.4% for the S&P 500. These slow and steady returns are a direct result of Rowe’s desire to seek out high-quality compounders he hopes never to sell.

Cowan Asset Management 2Q16 Letter – Can You...