Discussed by:
Vitaliy Katsenelson, CFA
Director of Research, Investment Management Associates, Inc.

Vitaliy Katsenelson will present his compelling research on the drivers of stock returns in three different secular market scenarios: bull markets, bear markets and range-bound markets. (Hint: The most important driver is NOT the economy, earnings growth, interest rates or inflation. Read the “President’s Message” later in this announcement for the identity of the true culprit.) He will discuss: his QGV stock evaluation framework of quality, growth and valuation as it relates to his active value investing style; the importance of stock selection vs. asset allocation in investment success; and the notions of contrarian investing, diversification and how to [properly] measure risk.

Attend This Meeting and Learn...
	how stocks revert to, and often beyond, a mean valuation

MEETING DETAILS

Date: Monday, November 16, 2009 Time: 7:00 p.m.    Registration/Social 7:30 p.m.    Program 8:45 p.m.    Q&A Location: Cobb Galleria Centre–Room 104 Two Galleria Pkwy. Atlanta, Georgia 30339 770/955-8000 [ Map This Location ]