Happy 50th birthday First Manhattan Co. and congratulations for living up to your legacy of avoiding undue risk by doing value-oriented research and making it a priority to preserve your clients capital. ( am one of those clients, I am proud to report) You can go to sleep at night knowing that First Manhattan is not going to leverage you up to your eyeballs and trade you in and out of the latest "story" stock to hit Wall Street. Rather, you're going to find yourself owning stocks as if you would own a house in a fine upstanding neighborhood, rather than "renting" stocks as if you were renting an apartment in a hot new development.
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