Few Georgia investment firms bought Facebook

At Balentine LLC, which manages $1.5 billion, Facebook just doesn’t fit into the strategy. “Growth investing is a tough game to play,” Adrian Cronje, Balentine chief investment officer, told the Atlanta Business Chronicle. “The evidence is really not behind people who try to play that game.” Investors in Facebook stock are paying too much for glamour, and not actual value, he said. “In one sense, Facebook is all about how they’re going to execute on the hope of a business plan,” Cronje said.

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