Naples Globetrotters

How do two money managers in Naples scout the globe for stocks?

After all, giant mutual fund companies and brokerage firms form armies of analysts to do this kind of labor-intensive work.

Michael Morris and John Suddeth say they've been able to combine technology with travel to identify, select and manage about 60 stocks of companies around the world. They've been able to do this with relatively low management fees that range from 0.5% to 1% of managed assets depending on the size of the portfolio.