Umsebenzi oqinileyo uthetha u-e ocacileyo kwimeko yeParnassus
Yiloo nto uJerome Dodson, umongameli weParnassus Investments, wacinga ngo-2005 xa eqala i-Parnassus Endeavor Fund. Wayevakalelwa kukuba indawo enhle yokusebenzela yayiza kubakho ishishini elungileyo kwaye ibonise ukubuyiswa kotyalo-mali oluhle kakhulu.
Kodwa akazange abe nobungqina bokubonisa oko.
Emva koko uMilton Moskowitz, umbhali we-2009 i-Fortune Magazine yonyaka "yeeNkampani ezili-100 ezona zilungileyo zokusebenzela" wamxelela ukuba uRussell Group, opapasha iintlobo ezininzi zeempahla, wavavanya amaninzi "kwi-Best Best" kwiminyaka emininzi waza wafumanisa ukuba ephezulu kuneS & P 500. Kamva, uDodson uthi uprofesa kwiYunivesithi yasePennsylvania yaseWharton School wenza olunye uphando kwaye waphetha ngokufanayo.
"Oko kwandinika ubungqina obunzima bokuthi indawo enhle yokusebenzela yayiza kubakhombisa ukutshala imali," kusho uDodson.
Enyanisweni emine kweminyaka kamva i-Fund yeParnassus Endeavor yayisisigxina esiphezulu, esekelwe kwii-rankings zayo nge-Morningstar, ngoku ingxowa yeenkwenkwezi ezinhlanu. Emuva kwiminyaka yayo yokuqala yokuqala, uParnassus Endeavor yayingama-26,6 ekhulwini ukubeka kwi-percentile yokuqala yeengxowa-mali ezinkulu zokukhula. Kwaye emva kweminyaka yayo yokuqala yokuqala eyi-10, le ngxowa-mali yayisisigxina se-US SRI mali yonke.
Ukusebenza kwe-stellar kuye kwanceda i-fund ikhule ukusuka kwi-$ 9 yezigidi ekupheleni kukaMashi ukuya kuma-34 million yezigidi ekupheleni kukaJuni, ngoku malunga no-R5.5 Billion ngobukhulu.
"Imali iyaxosha ukusebenza," kusho uDodson.
I-Parnassus Endeavor Fund ikhetha iisitokisi ezingama-35 ukuya kuma-40 ukusuka kwidama leenkampani ezidweliswe kwi-I-Fortune yamaphephancwadi ama-100 aphezulu kwiNkampani ukuSebenzela okanye mhlawumbi ichongiwe njengeendawo zokusebenzela ezilungileyo.
Isebenza kwakhona nesimboli sokutshala imali u-Dodson ubona u- Graham & Dodd -style uxabiso lokutyalomali, nangona i-Morningstar ibonisa i-fund njengokwanda.
U-Dodson ucinga ukuba kukho iimeko ezintathu zokuba kutheni indawo yokusebenzela efanelekileyo yenza utyalo-mali olufanelekileyo. Eyokuqala kukuba ukuba nommandla osebenza kakuhle ngumqondiso wokuphathwa okukhanyisiweyo.
"Abantu abahlakaniphile ngokwaneleyo ukuba babe nomsebenzi olungileyo kunye nokuba nexabiso eliqhubekayo liza kuqhubeka kwezinye iinkalo ezifana nokuthengisa kunye nemali kunye nokusebenza," utsho. "Ngoko luphawu lokulawula kakuhle."
Okwesibini kungenzeka ukuba iinkampani eziphatha abaqeshwa kakuhle ziya kuba nabasebenzi abasebenza nzima kwaye banengqiqo.
"Ukuba ndisebenzela inkampani esitolo se-sweat, esineengxaki zengxaki, mhlawumbi andiyi kukhuthazwa ukuba ndenze umsebenzi omhle njengoko ndingathanda ukuba ndisebenza kwinkampani enendawo yokusebenzela, " uthi.
Ingxaki yesithathu kukuba iinkampani ezenza kakuhle ngenxa yezizathu ezingezizo zokusebenza, ezifana nokuthengisa okuqinileyo okanye izakhono zezemali ziyakwazi ukufumana iindleko ezongezelelweyo ezidibene nommandla osebenza kuyo. Ezi ziquka imivuzo ephezulu, ukwabelana ngenzuzo kunye nezinye iinjongo.
Ngoxa i-Dodson iquka uluhlu lwe-Fortune njengenxalenye yeenkampani zayo eziphambili ukuba ziqwalasele, ayikulandeleli kakuhle.
Inkampani yokugcinwa kwedatha I-NetApp ibekwe kwinombolo enye kwikoluhlu lokugqibela lama-Fortune ngexesha elidlulileyo, kodwa kwakungekho kwiNgxowa-mali ye-Parnassus, ngenxa yokuba yahlawulwa imali engamaRandi ayi-128 yezigidi ngu-federal federal ekupheleni konyaka wokunyusa ama-arhente karhulumente.
Emva kokukhetha iinkampani zisebenzisa isikrini sendawo yokusebenzela, iDodson ukhangeleka ukuba afuneke ukuba angabonakali. Ukuba umyinge wexabiso elikhoyo okhoyo (P / E) ungaphantsi komlinganiselo weminyaka emihlanu ubudala, kuba ngumntu onotyalo-mali. Kuyafana kunjalo ukuba ezinye izibalo ezikhoyo ziwela ngaphantsi komlinganiselo wabo weminyaka emihlanu.
Abagxeki bangatsho ukuba iinkampani ezifakwe kwiNgxowa-mali yeeNgqesho ziinkampani eziqhuba kakuhle kunye nemisebenzi emihle kunye nemali kunye nokuba indawo yokusebenzela ayiyonto. UDodson akacingi njalo.
Ukhangele i-Parnassus Fund, "utsho. "Yenze kakuhle kwiminyaka emithathu okanye emine edlulileyo, kodwa kungekudala kunye ne-Endeavor.
Le ngxowa-mali ayixhomekekanga kwindawo yokusebenzela, kodwa ithatha kuzo zonke ezinye iinkalo zentlalo. Nangona kunjalo i-Endeavor Fund isenza ngcono. Yona nto iyona nto ibhetele. "