How Joe Childry Expanded the Business to Other Areas

Jeff Smith: One of our big clients for buying books was AG Edwards. We used to be like 2000 of them for them and they'd sell them in their catalog as gifts. He says a convert trend following convert starts a trade for his own account, then for some client accounts. And he did all that research with a math whiz PhD who's in the business,. Alan Shepard related to the astronaut, by the way, but spelled differently. The firm converted to a mutual fund back in 2013 because we were more leveraged than we are now.