Summary: We all love rags-to-riches stories. Like the story of Seabiscuit—a short horse with an old trainer and a history of injury—we’re captivated by the turnaround. The Apple Computer that Steve Jobs brings back from near bankruptcy, so he can introduce the iMac, iPod , iPad, and iPhone. Apple has been so successful that almost every active manager is now under-weight the stock. Or a plucky emerging market company, like Infosys, that markets its outsourcing services to an […]
