@article {81, editor = {,}, title = {The Smith Company}, volume = {28}, number = {1}, pages = {81--87}, year = {2001}, doi = {10.3905/jpm.2001.81}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The Smith Company is a private investment company whose primary investment objective is to provide an endowment-like stream of dividends to the members of the Smith family. The company invests primarily in publicly traded equities, although it also owns a few municipal bonds. The president{\textquoteright}s letter to shareholders for the year 2000 discusses the so-called Great Internet Bubble, the returns to growth and value stocks, the company{\textquoteright}s pre-tax equity track record since the family sold its operating businessin 1974, the dividend behavior of the S\&P 500, and the misuse of corporate cash.}, issn = {0095-4918}, URL = {https://jpm.pm-research.com/content/28/1/81}, eprint = {https://jpm.pm-research.com/content/28/1/81.full.pdf}, journal = {The Journal of Portfolio Management} }