Elite growth investors like Phil Fischer, Thomas Rowe Price Jr. and William O’Neil have proven the investing style can yield excellent results. The last decade has also supplied new confidence to growth investors as the style trumped value investing over the period. We recognize growth’s key contribution to value creation and encourage investors to seek out high-growth companies, but we also caution against using growth in isolation from the other core value driver, return on invested capital ((ROIC)). Even many of the most elite growth investors incorporate key return metrics in their process.
Picking companies