Don't assume that growth stocks have to be small companies. A small capitalisation was one of the defining characteristics for Jim Slater in The Zulu Principle, but large companies can deliver too:
So the phrase 'Elephants don't gallop' should perhaps be refined to 'Elephants don't often gallop'. Jeremy Utton, editor of Analyst, a leading publication for serious UK growth stock investors, makes a couple of interesting observations:
He says:
"Beware of the small company that is about to give Arnold Weinstock a fight because Arnie has enough in his arsenal to cause that small company a great deal of grief on the profit and loss account and balance sheet fronts without necessarily doing much for GEC into the bargain."
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