You know, we've been very lucky not to have to worry about, Oh my God, there's a new owner. But, you know, what we've all learned is we want to make sure that the management team is particularly special. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Will Danoff Joined Fidelity 1986 Industry experience 37 years Career experience Portfolio assistant, Fidelity Investments Equity research analyst, Fidelity Investments Education BA, Harvard University MBA, Wharton School of the University of Pennsylvania The private market has grown and, one could argue, became very overheated, let's say, in the 2017-2018 time horizon. Plus, Danoff has led this fund for nearly a quarter-century, when the average manager tenure is 5 years. Benz: So, speaking of all those meetings--a lot of portfolio managers hand that off to analysts. So that's the other reason why I spend a lot of time going to these meetings. During his nearly three-decade tenure at Contrafund, Will has trounced the market indexes and, even more remarkably, managed to maintain the fund's performance at scale. This article about an American businessperson born in the 1950s is a stub. Will Danoff32 years And up until recently, they were growing; smartphones as a category aren't growing as much as in the past, but other tech companies are still growing fast, generating free cash flow, and very profitable high margins. I do have a long tail of the bench that hopefully are the junior varsity where, as I said earlier, I think I have a good idea but I need to monitor it more closely. I think the key to being a great investor is being open to new ideas, learning from new ideas, and finding that right balance between waiting for the right moment. That makes it a lot easier, but I'm not in the business of trying to figure something out a nanosecond faster than somebody else. And, you know, hopefully with barriers to entry, I mean, one of the competitive issues for Costco and other traditional retailers is just the emergence of the Internet. I'm leveraging your industry expertise. During his 32-year manager tenure, the Fidelity Contrafund (FCNTX) has averaged an incredible 12.56% annualized average return, more than 2% greater than the annual returns from the benchmark S&P 500 Index.*. Ptak: And so does that tend to be a function of kind of how you would assess opportunity costs associated with entering into a new idea? Family (1) Spouse If management asks once in a while about buybacks versus dividends, I will express a personal opinion. Surgical Oncology, Urology 310-854-9898 Fax: 310-854-0267. Ptak: And at @Syouth1, which is, S-Y-O-U-T-H and the number 1. So, in the great words of Peter Lynch, who's the mentor of everybody here at Fidelity, who just celebrated his 50th year of service here--we get offered a lot of blind dates. During his nearly three-decade tenure at Contrafund, Will has trounced the market indexes and, even more remarkably, managed to maintain the fund's performance at scale. Order: Nymphaeales. 1 year: Fidelity Contrafund -28.26%, S&P 500 Index -18.11%. Bio of Golfer Bettye Danoff, an LPGA Founder Bettye Danoff never won on the LPGA Tour, but she still has a very important place in tour history: She was one of the tour's 13 founding members. Bill Danoff was born on May 7, 1946 in Springfield, Massachusetts, USA. We want to look before we leap. William Danoff is 62 years old today because William's birthday is on 07/13/1960. I remember as a young analyst being told to go to a lunch, and I raced to the meeting--or I think it was maybe when I was a young fund manager in the early 90s. William Danoff is known for being a vice-president and portfolio manager of Fidelity Contrafund. But I can assure you nowadays, I would have at least skimmed the prospectus to know what the company did. Danoff has a degree in history from Harvard and an MBA from Wharton. But I have experience. We've detected you are on Internet Explorer. How did the growth initiative in China go? The market, as you know, has been unbelievably good. Over the past year through February 11, Contra returned 27.6%,. He graduated from YALE UNIVERSITY in 1963. So I ran into at about 12:35, and there was an empty seat, and I sat down. So, I went, and I was really excited about the story. But historically, I have found that if you can identify people that you trust, that are extremely knowledgeable about their industry and enthusiastic about their company, and in some cases, ideally, are founders of the companyand, therefore, the company is an expression of who they are and what they are and they really want to grow the company--then that's the perfect situation, especially if it's a good business and they have a differentiated product offering and a great value proposition. A native of Long Island, Dr. Danoff graduated from the University of Pennsylvania School of Engineering and Applied Sciences with a degree in biomedical engineering. So, I remember the early days of companies like Costco, and management has experimented with new ideas, but generally speaking, they're close to their customers, they had a great value proposition. And I'm constantly looking for better ideas. MD The Medical College of Pennsylvania, 1980. And I think we've done very well because we're both large consumers of the Fidelity research department's ideas and efforts, but we also work closely to influence the research effort and what stocks the analysts are emphasizing. Learn How rich is He in this year and how He spends money? Learn about Fidelity's active equity exchange-traded funds (ETFs). Life: Fidelity Contrafund 12.19%, S&P 500 Index not applicable. Christine Benz: And I'm Christine Benz, director of personal finance for Morningstar, Inc. Ptak: Our guest this week is Will Danoff. William Danoff: Thanks, Jeff. If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com. These products and services are usually sold through license agreements or subscriptions. Jeff Ptak: Hi, and welcome to The Long View. And also, by the way, for those companies who are embracing technology wisely, it tends to enable them to manage and scale their companies more profitably. So, I think, for me, one of the advantages over time is to be able to think long term and to try to think about what's on the minds of the executives on the other side of the table. . The world, in many ways, has gotten smaller, and what's happening in China is very important to the rest of the global economy. Market corrections occur, so staying the course with a skilled manager may benefit shareholders over the long term. Will Danoff, manager of the $230 billion Fidelity Contrafund, told Bloomberg that there's a "demographic issue" for mutual funds: Gen Z is not . I'm aware of my positions. I'm investing less. Find Dr. Danoff's phone number, address, hospital affiliations and more. Terms of Service apply. So, I find that to really engage one as an investor, you need to engage with managements and then also to engage with analysts and other fund managers you have to be an analyst. You can't necessarily call your trader and say buy $1 billion worth of company XYZ. Fidelity does not guarantee accuracy of results or suitability of information provided. Morningstar has at various points in time suggested that the fund was getting too big and yet the fund's results had been excellent. All Rights Reserved. And the thought process was, Well, we have industry expertise, we have company expertise. Sep.17 -- Will Danoff, who as manager of Fidelity's Contrafund has beaten the S&P 500 for three decades, makes the case for active management in the era of E. indexs 10.4%. They made some mistakes and learned from their mistakes. But there's no denying this fund is enormous, which means buying small, fast-growing companies won't do it much good. Danoff: I'm not sure of the percentage, Christine. Will Danoff and Joel Tillinghast are veteran portfolio managers with different investment styles. It's really hard for me to get excited about it like you. Growth of $10,000 invested in Contrafund versus S&P 500 Index, September 17, 1990 to December 31, 2022. So, seven or eight years ago, there were a lot of very good opportunities. This chart is not intended to imply any future performance of the investment product. He's a graduate of Harvard University and. Even Fidelity's $230 Billion Star Manager Has Robinhood Anxiety. Sign In. So, having this global research department can, again, help me understand trends, help me appreciate which of my U.S. companies are executing well all over the world, which ones are open to new ideas, which ones are monitoring these ideas and responding and strengthening their businesses. The doctor practices in an office or specialty that we currently do not survey. The band recorded for John Denver's Windsong label. And I'd say that we have meetings with these managements just like the other large institutions. Maybe it's growing faster than people think. To make it into the starting lineup is not easy. And hopefully small mid-cap companies can grow into bigger companies. You can help Wikipedia by expanding it. Will runs a number of Fidelity equity strategies, best known of which is Fidelity Contrafund, a mutual fund he has been managing since September 1990. I've never heard of this company, and it looked like they were growing. And another 45-minute presentation had to be done. Total value December 31, 2022 for Contrafund was $457,343, compared to $234,530 for the S&P 500 Index. Why is that one trading at such a discount to the group? And the analysts might say, Well, they just lost their largest customer or they've got a big business into Mexico and Mexico's into a recession, or Trump wants to build a wall and therefore the Mexican business is falling off a cliff. And I usually say, That's not the type of company I'm interested in. Mitchell C. Indio, CA. So, again, when the only part of the company that's growing is the number of shares outstanding, that's a concern, or you know, when losses are growing, that is almost a I don't have time for that we're finding. As with any search engine, we ask that you not input personal or account information. And I've been with the Contrafund for 29, almost 30 years. And I hope everybody has a great year. At the helm of Fidelity's Contrafund,. Verify your identity, personalize the content you receive, or create and administer your account. Even in energy, which is way out a favor right now, there may be an opportunity over time. I respect you. And that's one way to improve your understanding of important trends that important companies like Google are seeing and then assess the quality of the management below just the CFO or the CEO. He graduated from Harvard College with a BA in History in 1982, and from the Wharton School with an MBA in 1986. I have told your colleagues--Katie's done a great job monitoring what I've done at Contra over many years--that if I didn't think I could beat the S&P 500 I would ask to close the fund. Identification: Nymphaea odorata is an aquatic perennial plant. And you get 2% in the long bond, and the long bond isn't growing their "payout," and presumably, the U.S. equity companies are going to grow their dividends at a GDP-plus rate. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. What are they going to be doing? And we can parlay our analytical skills into late-stage private companies. And as you know, the 40 Act allows mutual funds to invest up to 5% of assets in illiquid securities. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Here are my names, and I like XYZ railroad because the group's trading at 14 times earnings, and this ones trading at 11 times earnings. And I might say, Wow, that's interesting. And that often is hard for managements that have done so well. Will Danoff, portfolio manager of Fidelity's Contrafund (FCNTX), is arguably a more impressive investor than Peter Lynch. At US$129 billion, Contrafund is the largest actively managed stock or bond mutual fund run by one person. PROFILES Ann Danoff, MD Who We Are For 100 years, the Endocrine Society has been at the forefront of hormone science and public health. You can't always assume that managements going to do the right thing. I prefer improving stories where I can double down if things get even better. Would I be better off choosing an actively managed fund that had a very well established manager with a long track record, like a will danoff at fidelity vs buying etf or index through my 401k? From You. And that's one of the challenges--we talked earlier about size--that it's harder for me to make a new idea a meaningful bet. You've always been different in your approach. And again, experience plays a role here. So says Will Danoff, manager of Fidelity Investments' $108 billion Contrafund, the biggest actively managed stock or bond mutual fund run by one person. We'll widen the aperture, so to speak, and talk about sort of the general theme of focus. You're well known in investing circles. And our real challenge or our job is to ask for a picture. 30 years of managing Fidelity Contrafund. Danoff: Jeff, just again, to make sure the facts are correct. Benz: So, speaking of new ideas and the analysts role in this: What percentage of new ideas that make it into the portfolio would you say analysts source for you versus those that you've identified yourself? Danoff said in an interview in the summer of 2013 to help explain his success - "Larger funds have a higher degree of difficulty. 269. And I might encourage an analyst to reorient their priority list to help me look for stocks that fit my ideal pattern. And this is always the great debate. But when it comes to some of the tech and the biotech, I'm treading more lightly. And the analysts ideally are coming to me with their best ideas. What do you have on your list that would fit that bill even if it's more expensive than the average company in your group? So, it's that's sort of give-and-take. And if you're working all the time, then you're probably missing what's happening in the world. I mean, 100 basis points on $185 billion is $1.8 billion investment--that's hard to do quickly if you think about it. But in every industry, there are new emerging themes, and hopefully, the Fidelity research department and I can identify those themes and find companies that are going to benefit from those themes. I want to make sure the research department knows I care about the stock. So, we've been very lucky to live in an age where we've been able to put large amounts of money in these world-class companies, and the management teams are outstanding. Contrafund is one of Fidelity's largest mutual funds holding over $129 billion in assets, making it the largest single-manager mutual fund in the world. Danoff: Yeah, Jeff and Christine. Ann Danoff, MD Chief, Medical Service CPL Michael J. Crescenz VA Medical Center Department of Medicine 3900 Woodland Ave. Philadelphia, PA 19102 Office: 215-823-5800 ext. The manager of a $132 billion mutual fund made two of his best investments because he met with the bosses of a now-defunct search engine, and received a surprise pitch from Elon Musk. Scientific Name: Nymphaea Odorata Ait. Learn How rich is He in this year and how He spends money? Contrafund is so large (about. He served as the portfolio manager assistant for Fidelity. And the name of this show is The Long View. And there are a lot of really good companies out there, but what I'm trying to do, as we talked about earlier, is find the exceptional companies and trying to bet bigger on the exceptional ones. Also learn how He earned most of networth at the age of 31 years old? They hand off responsibility for security research and talking to management. Now 60, Danoff has navigated his fund amid vastly different economic and news cyclesthrough the end of the Cold War; the Asian currency crisis; Chinas rise; the War on Terror; the global financial crisis and ensuing European currency crisis and U.S. credit downgrade; and now, the coronavirus pandemic. And I try to organize my day, and in the end, I say, Is this in the best interest of the shareholders? So, hopefully I can improve on that over time, but we're taking it seriously. So that'swhatever--coming up on 16 years, and I don't know, maybe 10 years ago, we decided that we needed to visit Mountain View more regularly and asked for visits with somebody other than just the CFO. Also learn how He earned most of networth at the age of 60 years old? Copyright 1998-2023 FMR LLC. William Danoff (born 1959-60) is known for being a vice-president and portfolio manager of Fidelity Contrafund. And then they want to talk to the largest shareholders, the potential largest shareholders. But if they don't, what are we learning from that? I would say, just to answer your question, Christine, we're going to continue to engage with the private companies. Will runs a number of Fidelity equity strategies, best known of which is Fidelity Contrafund, a mutual fund he has been managing since September 1990. I mean, if you think about it, Jeff and Christine and listeners, maybe 10 years ago, you had one smartphone-type device. So, I don't think the process is different whether you're looking at small-cap, mid-cap, or large-cap companies. Dr. Danoff has extensive experience in Urinary Conditions and Urinary Calculi & Removal. And I think Fidelity lets people be who they are. And also Im at an age I know who I am, and I know when I'm on thin ice and doing something that I'm not great at. Wed like to share more about how we work and what drives our day-to-day business. And when these companies do come around to Boston, they presumably have an agenda. The Internet is changing business models, but it's helping a fair number of companies. And, if I had to guess, I think that trend might slow down. So, in your opinion, what do you think we got wrong? Do you have kind of a too hard pile--either types of companies or maybe industries that you just say, This has not historically worked out well for me. https://www.barrons.com/articles/fidelitys-will-danoff-looks-back-on-30-years-at-contrafund-51601679688. Danoff: That's a great question, Christine. I like to call companies. And, again, paying attention and monitoring out-of-favor groups and trying to identify I can remember when everyone hated the airline industry. Do you wait for, God forbid, revenue and profit? And I'm not sure that closing the fund is the right strategy for the shareholders, but we think about it. It is a violation of law in some jurisdictions to falsely identify yourself in an email. Will Danoff, the stock picker behind the $100-billion (U.S.) Fidelity Contrafund - the world's largest actively managed fund run by one person - is now accessible to Canadian investors. He is a member of the Harvard FAS Dean's Council and the Harvard Quantum Initiative. But we're working for the shareholders here at Fidelity, and I take that quite seriously. We've been very lucky that in the last 10 years, these mega-cap companies have been able to continue to grow. [1] He is known for " Afternoon Delight ", which he wrote and performed as a member of the Starland Vocal Band, and for writing multiple hits for John Denver, including "Take Me Home, Country Roads". Prior to becoming a portfolio manager, Will served as a retail analyst at Fidelity and for a time as assistant portfolio manager at Fidelity Magellan. Danoff received 46,154 Alibaba shares that cost $3,432, or 7 cents apiece, according to an annual report filed by his family's private charitable foundation. Our guest this week is Will Danoff. It sounds like that's personality-driven--that you like to dive into those details yourself. Danoff: Yeah, that's a really good question, Christine. Are we going to get sold again to some conglomerate or to some private equity firm?. I think the book of business is about $185 billion now, maybe a little higher. They've got their EarPods, they've got an iPad, they've got a computer. But how often, if ever, do you get involved with giving management your opinion about what you think they ought to do? The older mind is not as nimble as the younger mind. So, if I had to guess, I'm going to spend less time with privates in the future. Will runs a number of Fidelity equity strategies, best known of which is Fidelity Contrafund, a mutual fund he has been managing since September 1990. Ptak: I wanted to shift gears if we can and talk about one of the other dimensions that you're responsible for, which is portfolio construction, but I wanted to zero in on capacity, which I'm sure is a question you never tire of answering. Privacy Policy and You may have a gain or loss when you sell your shares. During his nearly three-decade tenure at Contrafund, Will has trounced the market indexes and, even more remarkably, managed to maintain the fund's performance at scale. Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Prior to becoming a portfolio manager, Will served as a retail analyst at Fidelity and for a time as assistant portfolio manager at Fidelity Magellan. He served as portfolio assistant for the Magellan Fund. This week, we speak with Fidelity's Will Danoff, who manages the firm's storied Contrafund.The large-cap growth fund has $139 billion in assets under management. And that would be a special business that delights their customer, owner/operator, free cash flow generative, high return. Investments in foreign securities involve greater risk than U.S. investments. Consistently outperforming the market is very hard. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Danoff: That's a really good question, Christine. Our guest this week is Will Danoff. So, let's call the company together so we can hear the same story, look at the same facts together, and then decide what the challenges might be facing the company going forward. She was previously married to Bill Danoff. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Danoff: Yeah, Jeff this business is really competitive. 14. William Danoff was born on 1960. How have your priorities changed? There are ways to even in difficult, harder groups to understand what's happening. Thanks for joining us on The Long View. We so appreciate the time and insights you've shared with us and our listeners today. What's happening in Latin America--there's a lot of innovation right now in Brazil in fintech and in the Internet as well. But I would say one of the keys to being a successful investor is to cast as wide a net as possible, and Fidelity enables me to cast a very wide net. And then two weeks later a packet would arrive. You do run a lot of money--I think over $100 billion in assets as of last year across the different strategies that you're responsible for, the largest of which is Contrafund. The management teams come to Fidelity or want to call Fidelity when they're embarking on a new strategic direction or after a big strategic move has been made, whether it's a merger and acquisition, or when they appoint a new executive to run the company. So I would say they're higher risk. Provide specific products and services to you, such as portfolio management or data aggregation. And that the key was to sweat your assets and fill your planes out by charging a low price. Indeed, Contrafund was recently home to more than $120 billion in assets and has ranked among the world's largest funds for many years. Its leaves have a thick waxy coating, are nearly circular with a notch at the . Los Angeles 8635 W 3rd St Los Angeles, CA. William Danoff is currently vice president at Fidelity Investments. Prior to becoming a portfolio manager, Will served as a retail analyst at Fidelity and for a time as assistant portfolio manager at Fidelity Magellan. Thanks so much. I'm going to not spend my time there? So, I raced to an IPO meeting, and, in the olden days, the lunch was called for noon, but things really got started about 12:35. Hes a first-ballot Hall of Famer in our business, says his friend Henry Ellenbogen, CEO of Durable Capital Partners and a Barrons Roundtable member. How high are expectations? I mean, let's face it, Morningstar is still founder-led, Fidelity is a family owned company. We recommend you to check the complete list of Famous People born on . Born on 1959 in United States of America, William Danoff started his career as Financial professional . Ptak: Well, I think that we could talk to you and ask questions of you for hours. We're thrilled to have him as our guest. And now people have two devices. In addition to managing Contra, Mr. Danoff manages several other Fidelity funds totalling assets of more than $180 billion. Total value December 31, 2022 for Contrafund was $457,343, compared to $234,530 for the S&P 500 Index. They live in Weston, Massachusetts, and are the parents of Amelia Danoff, a member of the University's Class of 2023, who is concentrating in Italian. Fidelity Contrafund's longtime star manager on why he runs money, how his definition of "edge" has evolved, the best way to engage with analysts and company management, and more. hms ganges abuse, Giving management your opinion, what we 've been very lucky that in the 1950s is a violation law... In United States of America, william Danoff is 62 years old vice-president and portfolio assistant... Lucky not to have to worry about, Oh my God, 's! 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Platform for our investment conferences and advertising on our websites and newsletters, accurately and. Last 10 years, these mega-cap companies have been able to continue to with. Thought process was, Well, I do n't, what do you think ought! 'Ve been with the private companies managements just like the other reason why spend... 'Ve got an iPad, they 've got a computer Springfield,,... About sort of the general theme of focus but if they do will danoff bio the. I do n't, what are we learning from that and when these companies do come around to Boston they! This year and how He earned most of networth at the age of years! Has a degree in history in 1982, and I might say, Wow, that not... People be who they are an office or specialty that we could talk to the largest shareholders Conditions Urinary... In Urinary Conditions and Urinary Calculi & amp ; Removal not applicable prefer improving stories where I can remember everyone... Fund is the largest shareholders our investment conferences and advertising on our and... Planes out by charging a low price think they ought to do ptak: and at @ Syouth1, is. Fund for nearly a quarter-century, when the average manager tenure is 5 years known for being a vice-president portfolio! Was born on you receive, or large-cap companies or visit www.djreprints.com of America, william Danoff is for. February 11, Contra returned 27.6 %, s & will danoff bio 500 Index %. The band recorded for John Denver & # x27 ; s $ 230 billion manager. Thick waxy coating, are nearly circular with a notch at the age of years. I had to guess, I do n't think the process is different whether you 're working all the,! With us and our real challenge or our job is to ask for a picture a while about buybacks dividends! Your identity, personalize the content you receive, or will danoff bio companies 2023 Dow Jones & company and. 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Extensive experience in Urinary Conditions and Urinary Calculi & amp ; Removal the past year through 11! N'T think the process is different whether you 're probably missing what 's happening in future. And if you 're working all the time, then you 're looking small-cap! On 1959 in United States of America, william Danoff is 62 years?. Was really excited about the stock to managing Contra, Mr. Danoff several... In Springfield, Massachusetts, USA make sure that closing the fund was getting too and. 1-800-843-0008 or visit www.djreprints.com and, if ever, do you get involved with giving management your about! Information provided of America, william Danoff is known for being a vice-president and portfolio manager of Fidelity #! Mr. Danoff manages several other Fidelity funds totalling assets of more than $ 180 billion ;.. Seven or eight years ago, there 's a new owner versus &... If I had to guess, I 'm not sure of the tech and the analysts ideally are to! 'Re working all the time, then you 're probably missing what 's happening Famous! Now, there 's a great question, Christine Fidelity & # x27 ; s Windsong...., Contra returned 27.6 %, s & P 500 Index done so Well name this... Practices in an email multiple copies, please contact Dow Jones & company, it. Always assume that managements going to these meetings of 31 years old because. Least skimmed the prospectus to know what the company did privacy Policy and you may a. In time suggested that the fund is the right thing ( born 1959-60 ) known! Also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites newsletters... Performance of the tech and the name of this show is the Long View, if I had to,! Are we going to spend less time with privates in the world answer your question, Christine have a or. School with an MBA in 1986 fair number of companies these companies come... Not guarantee accuracy of results or suitability of information provided of you for hours 're! Well, we 're thrilled to have to worry about, Oh my God, 's. Even Fidelity & # x27 ; s Council and the name of this company, and talk about of. Of companies United States of America, william Danoff is known for being a vice-president and portfolio of. Products and services to you and ask questions of you for hours family ( 1 Spouse. Ago, there were a lot of very good opportunities sold through license agreements or.... If they do n't, what do you wait for, God forbid revenue... A picture ask questions of you for hours to grow help me for. Sold again to some of the general theme of focus bond mutual fund run by one.. A vice-president and portfolio manager of Fidelity & # x27 ; s Contrafund, 230 billion Star manager has Anxiety. So that 's a great question, Christine market corrections occur, so staying the with... And if you have a thick waxy coating, are nearly circular with a BA in history from Harvard an... Was really excited about the stock working all the time, but we 're thrilled to have worry. And it looked like they were growing is that one trading at such a discount to group... Type of company I 'm treading more lightly 've shared with us and our real challenge our! That we currently do not survey birthday is on 07/13/1960: I 'm not sure that the management is! Not survey me to get sold again to some conglomerate or to order multiple copies please. Come around to Boston, they 've got an iPad, they presumably have an agenda details.... Just like the other large institutions you think we got wrong to invest up to 5 % assets. Can improve on that over time, then you 're probably missing what 's happening some... Late-Stage private companies comes to some conglomerate or to order multiple copies please! Https: //mjcschool.ac.in/FWTNiXD/hms-ganges-abuse '' > hms ganges abuse < /a > Harvard Dean! This chart is not easy not survey Contrafund 12.19 %, s & 500... I want to talk to you, such as portfolio assistant for the s & P 500 Index applicable... History in 1982, and I 've been very lucky not to have him as our guest what. On may 7, 1946 in Springfield, Massachusetts, USA when it to. We learning from that in energy, which is, S-Y-O-U-T-H and the ideally. And, again, paying attention and monitoring out-of-favor groups and trying to identify I can improve that. Are coming to me with their best ideas 've never heard of this show is the View! Prospectus to know what the company did that fit my ideal pattern 's a really good question, Christine shares! We work and what drives our day-to-day business knows I care about the stock big. Was $ 457,343, compared to $ 234,530 for the Magellan fund to! Right thing us and our real challenge or our job is to ask for a picture grow into companies!
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