David R. Fried is editor and publisher of The Buyback Letter, the only investment newsletter devoted to finding opportunities among companies that repurchase their own stock. Its "Indexed Portfolios" have beaten the S&P 500 index since their introduction in March 1997 by a three-to-one margin through the end of 2001. Additionally, The Buyback Letter was ranked number one for risk adjusted returns among stock picking newsletters by The Hulbert Financial Digest from 1/97-12/01. His asset management firm makes separate investor advisory and money management services, which utilize the "Buyback Strategy" principles. He has been a guest on Bloomberg Television, CNBC's Money Club, Squawk Box, and Market Wrap and has been profiled in the The New York Times, Los Angeles Times, USA Today, Barron's, Forbes, Business Week, Bottom Line Personal, and other publications.