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Stocks often trade above or below their fair value, which means active managers who choose stocks wisely can score huge eye-popping returns. "What we're really looking for is opportunities where that dollar can also compound to be two, four, 10," Robotti said. "People say, 'Oh, who cares if you buy a cheap stock, the market just won't ever pay attention. When the economics of a business — even if people hate that business — are extremely strong, the stock follows." "If you bought it at 20 cents on the dollar and it doubles, you don't sell it at 40 cents on the dollar," Robotti said.
Persons: , Bob Robotti, Robotti, that's, couldn't, James Carville, people's, he's Organizations: Service, Cornell, P Global, Business, drillers, Tidewater, GulfMark, Swire Pacific Locations: Houston
RICK HOUGH, 53, has suffered from jet lag since his first trip to Paris in 1988. Now, even multi-leg trips don’t phase him—last summer, he went through Copenhagen, Greenland, San Diego, New York and Alaska in three weeks. Despite success stories like Mr. Hough’s, some seasoned globe-trotters maintain there is not much you can do to solve your jet lag. On one trip to London, Mr. Robotti recalled, he fell asleep three different times in a one-on-one meeting that lasted all of an hour. “You know it’s going to be hard,” he said of dealing with sleep issues while traveling internationally.
Seth DuCharme, who had returned to the Eastern District as the interim U.S. attorney after working as one of Barr’s counselors, offered a powerful defense of the prosecutors’ case. “Is it worth it?” Barr asked at one point, according to one official’s notes of the meeting. According to current and former Justice Department officials, Barr later asked one of his aides for an evaluation of the evidence against Cienfuegos. Ebrard told Barr he wanted to see the evidence against Cienfuegos. On Barr’s orders, Robotti and other Eastern District prosecutors hurriedly assembled a file of more than 700 pages of intercepts.
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