as 2014 was drawing to a close money manager adam seessel faced a reckoning it was time to rethink his devotion to value stocks and view investing through a more growthtinged lens seessel’s portfolio stuffed with “old economy” names had lost 4 to 5 that year while the broad market had rallied 13 to 14 the digital revolution was on and seessel had missed it not any more seessel loaded up on technology stocks and today his new york investment firm gravity capital management owns companies such as amazoncom ticker amzn and alphabet googl—neither one cheap at least not until recently based on valueinvesting metrics such as pricetobook value or pricetocurrent earnings last year’s techsector selloff was no picnic for these stocks or gravity which directly manages about 100 million and advises on assets of roughly 8 billion the nasdaq composite fell 33 while seessel’s portfolio declined 21 net of fees but that loss followed two years in which gravity gained well above 20 net of fees