LARRY PUGLIA & THE T$.$ ROWE PRICE BLUE CHIP GROWTH FUND

Questions

How well has the Blue Chip Growth Fund performed in recent years? In making that assessment, what benchmark$($s$)$ are you using? How do you measure investment performance? What does good performance mean to you?

What might explain the fund's performance? To what extent do you believe an investment strategy, such as Puglia's, explains performance?

How easy will it be to sustain Puglia's historical performance record into the future? What factors support your conclusion?

Consider the mutual$-$fund industry. What roles do portfolio managers play? What are the differences between fundamental and technical securities analysis? How well do mutual funds generally perform relative to the overall market?

What is capital$-$market efficiency? What are its implications for investment performance in general? What are the implications for fund managers, if the market exhibits characteristics of strong, semistrong, or weak efficiency?

Suppose that you are an advisor to wealthy individuals in the area of equity investments. In $2016,$ would you recommend investing in Puglia's Blue Chip Growth Fund? What beliefs about the equity markets does your answer reflect?