The manager of the winning Fidelity Low-Priced Stock Fund favors quality companies whose valuations afford a margin of safety. Why he’s bullish about AI.
This week, we speak with investing legend Joel Tillinghast. He has been a mutual fund manager in the equity division at Fidelity Investments since the 1980s.…
Joel Tillinghast will step down from Fidelity Low-Priced stock at year end. Since he launched the fund in 1989, it returned nearly 13% per year, on average.
The legendary Fidelity manager discusses his biggest investing mistake, the implications of AI for portfolio management, and how private equity affects investors in public securities.