General Investing >> Money Manager Interviews >> February 26, 2001

Robert Hagstrom Jr. – Legg Mason Focus Capital

ROBERT G. HAGSTROM JR., is Senior Vice President and Director of Legg Mason Focus Capital. He began his career in 1984 with Legg Mason Wood Walker, Incorporated, as an investment broker and joined Legg Mason Fund Adviser, Inc. as a Senior Vice President in 1998. He is currently responsible for portfolio management of the Legg Mason Focus Trust Mutual Fund. In addition, Mr. Hagstrom manages individual accounts based on the focus investing style. Prior to joining Legg Mason Fund Adviser, Inc., he was Managing Partner of Focus Capital Advisory, LP. Mr. Hagstrom is a member of the Association of Investment Management and Research and the Financial Analysts of Philadelphia. He received his BA and MA degrees from Villanova University. Mr. Hagstrom is a Chartered Financial Analyst and is the author of The Warren Buffett Way: Investment Strategies of the World's Greatest Investor (John Wiley & Sons, 1994); The NASCAR Way: The Business That Drives the Sport (John Wiley & Sons, 1998); and The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy (John Wiley & Sons, 1999). Mr. Hagstrom is the author of a new book: Latticework: The New Investing (Texere). Profile
TWST: You not only successfully manage Legg Mason's Focus Trust but are

the author of several books on Warren Buffett. Why do you think he's

such a successful investor?

Mr. Hagstrom: The