G R O W T H  I S  T H E  N E W  D E F E N S E 

Presented by David Hines, Director of Research 

Earlier this year, we launched a series of lectures describing our investment philosophy, including our approach to these unprecedented market conditions. In his presentation, David Hines, Director of Research, articulates why the market is where it should be, and why finding companies with high cash margins in growth sectors is the new defense.