The following is an excerpt from Laura Lallos | October 25, 2011 5:33 AM ET | money.cnn.com
(MONEY Magazine) — Sam Stewart made his name as a savvy small-company stock investor, and the firm he founded, Wasatch Advisors, shares this reputation.
Stewart’s Wasatch World Innovators Fund (WAGTX), though, is more of an eclectic portfolio with holdings ranging from shares of tiny businesses to giant companies. The common theme?
“They are all gaining share because they are doing something better, faster, or cheaper than their competitors,” Stewart says. He spoke with MONEY contributing writer Laura Lallos.
When you think of innovation, nimble startups come to mind. Yet you own some big stocks like Apple and Google.
Usually, companies that bring a new idea to market start small and grow large, and we like to be onboard for a good portion of the ride. We own more large stocks now than is likely to be the case over the upcoming decade.
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