Mr. Polen: Polen Capital Management is an investment management firm. We have been managing a large-cap growth product for 21 years, which is what the firm totally focuses on at this point.
We are a one-product firm and 21 years of history is a very valuable thing to have. Polen Capital turns out to be quite unique. By the way, we were first interviewed by The Wall Street Transcript in July of 1994, this is now the fifth time in our history that we have been interviewed by The Wall Street Transcript. We are on record with your publication and I'm sure what we will discuss today, our methodology and philosophy toward investing is, consistent with what we have said in the past. We are well documented by your organization, that's a wonderful thing. I just read through the interviews that we've had over the past 15 years, and because our process has not changed, our discussions in each of these interviews have been remarkably consistent.
Over the 21 years since our product's inception, we are ranked in the top 1% for performance over all large-cap growth managers. Our annualized rate of return over that time came out to 14.29%. At the same time all of the statistics that measure risk-taking such as alpha, beta, Sharpe ratio, standard deviation, and downside capture are all at the top of the universe as well. Obviously we've been able to create among the best, if not the best, rate of return while taking probably the least risk of all.
As we present our story here, the reasons we believe that happened, the unique qualities of our investment philosophy and work, can be seen if you go back to July 11 of 1994 in The Wall Street Transcript. We laid out that entire methodology which is 100% in place today. So the statistics are excellent and are totally consistent with our philosophy and strategy over 21 years now.
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