Whitney George on the culture at Royce & Associates in the late 1990s

In the late '90s, when everybody was firing their value managers - because then making 10 or 20% per year was like losing money, relative to being in the dot-com boom - we hired a lot of very good people, and have found that the best time to get talented good people is when nobody else wants them.  Because when things are going well, why would anybody change jobs?

~ Whitney George, interview with Rick Rule, 15:00 mark, YouTube, April 26, 2017