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Hi, and welcome to the Longview. I'm Jeff Battack, Chief Ratings Officer for Morningstar Research Services.

And I'm Christine Benz, Director of Personal Finance for Morningstar.

Our guest today is David Giroux. David is chief investment officer of U.S. equity and multi-asset at TiroPrice and co-chair of the Equity Research Advisory Committee.

He also is the longtime lead manager of the Tiro

Price Capital Appreciation Fund, a strategy that invests in a mix of stocks and bonds. Since taking

that fund's helm in June 2006, David has racked up an impressive track record, handily

beating the fund's benchmark and peers. In recognition of those achievements, Morning Star Analysts named David

Fund Manager of the Year twice in 2012 and 2017. David began his career at T-Roe in 1998 after

graduating from Hillsdale College, from which he received his bachelor's degree in finance and

political economy. David, welcome to the Longview.

Thank you for having me. I'm really a pleasure to do this with you guys today.

Well, thank you. To start on a personal note, can you talk about your journey to investment management?

You joined T. Rowe after graduating from a liberal arts school in Michigan, that's different than the path

money managers tend to take, which often winds through business school or the sell side.

So how did you manage to land at T. Row? And as you reflect on it, has the atypical journey

you followed helped you professionally?

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