A couple of years ago, I moved to Fidelity. I had significant cash resources waiting for investment. I didn't ask the right questions and found that they had parked my money in a liquid fund where the returns were woefully low compared to their other funds. About a year later, I found out that
Ross stores was an up and comer in 1993. It had solid growth in sales and earnings while also being well managed with excellent cost control. Ferber and Balmuth put them on a solid growth trajectory. It also sold with a mid-teens P/E. Then, it split three times in the next ten years.
