Foreword by Don Phillips
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Introduction
1
Rule 1 Forget About the Market
13
Rule 2 Invest Like a Tortoise, Profit Like a Hare
19
ONE-ON-ONE: DONALD YACKTMAN
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Rule 3 Buy the Best at Bargain Prices
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Rule 4 Take a Good Look Around You
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ONE-ON-ONE: ROBERT H. STOVALL
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Rule 5 Get to Know Your Partners
106
Rule 6 Avoid Unnecessary Risk
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ONE-ON-ONE: SHELBY DAVIS
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Rule 7 Travel Around the Globe, but Stay at Home
156
Rule 8 Be Willing to Change
164
Rule 9 Never Underestimate the Power of Technology
170
ONE-ON-ONE: L. ROY PAPP
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Rule 10 Read the Fine Print
196
Rule 11 Don’t Spread Yourself Too Thin
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Rule 12 Know When to Say Good-bye
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ONE-ON-ONE: ELIZABETH R. BRAMWELL

FOREWORD
I started investing when I was 14 years old. That’s when my father
bought me shares in the Templeton Growth Fund, explained how the
fund worked, and showed me how to look up its price in the daily
newspaper. While that gift didn’t cause me to stop reading Boy’s Life
in favor of The Wall Street Journal, it did make a lasting impression.
By giving me this fund, my father not only introduced me to Sir
John Templeton, one of the twentieth-century’s greatest investors,
but he also established himself as an important role model. He taught
me that investing was a part of his life and could be a part of mine,
too.
In time, I came to see investing as an activity for all responsible
adults. By setting aside today’s gratification to ensure tomorrow’s
well-being, we demonstrate our maturity. These are hard lessons to
learn. The temptation to spend today is always great. I’m constantly
reminded of this lesson as I watch my sons grow up. Seeing the world
through their eyes reminds me of how many messages we receive on
how to spend and consume. Commercials, fast-food promotions, the
toys of friends - all send countless messages about the instant grati-
fication of consumption.
Apart from me, I often wonder where my sons will get lessons on
the discipline of saving and investing.
Too many of us grow up without investment role models. The
subject rarely comes up even in schools. We spend a lifetime fine-
tuning our shopping skills, but we don’t work nearly as hard at our
investment skills. The same person who will drive across town to save
50 cents on a six-pack of cola will throw thousands of dollars at a
stock or a mutual fund on the basis of a hot tip or an unsubstantiated rumor. We are, despite much well-intended educational efforts, a
nation of investment illiterates.
We need help. We need role models.
That’s where Kirk Kazanjian’s Growing Rich with Growth Stocks
comes in. Kirk has gone right to the best investment role models out
there: top, time-tested managers such as Don Yacktman, Liz Bramwell,
and Shelby Davis. These experts share their secrets with Kirk, who in
turn has translated their collective wisdom into a sound agenda for any investor looking to learn the ropes. In a field still too dominated
by get-rich-quick schemes, Kirk has sought and found a different
breed of investor, one who accumulates money through diligent re-
search and patience. The advice of these managers isn’t flashy, but it
works.
Investing is a simple activity at its core. Buy low and sell high isn’t
a tough lesson to learn. It’s just phenomenally difficult to put into
practice. If you’re going it alone, it can be maddening. With the
counsel of these great investors at your side, however, the road will
not only be smoother, it should also be much more profitable.
My best to you on your journey. May you truly grow rich with
growth stocks.
- Don Phillips