Joel Tillinghast on Fidelity Investments

Masters in Business

Bloomberg

Business, Investing

4.4 • 2.2K Ratings

🗓️ 8 December 2023

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Barry speaks to Joel Tillinghast, a portfolio manager in the equity division at Fidelity Investments. Tillinghast co-manages Fidelity's Low-Priced Stock and Fidelity Series Intrinsic Opportunities funds, as well as portfolios for Canadian and Japanese investors. Tillinghast previously worked as an analyst covering coal, personal care, appliances, natural gas and tobacco at FMR Co. Before joining Fidelity in 1986, he served as a director of research and strategy at Bank of America Futures, a research economist at Drexel Burnham Lambert and an analyst for the Value Line Investment Survey.

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0:30.1	This is Masters in Business with very This week on the podcast not only do I have an extra special guest, but I have a mutual fun legend.
0:45.3	Fidelity low-price stock fund manager Joel Tillinghast has been there pretty much
0:51.6	since inception in 1989.
0:54.3	He has absolutely crushed his benchmark over that period.
0:59.4	The S&P 500 has underperformed his fund by 3.7% a year since 1989. He's crushed the Russell 2000,
1:10.0	whatever benchmark you want to talk about. The low-price stock fund now runs about
1:15.5	$25 billion dollars. So this isn't a small fund that managed to eke out a couple of
1:22.1	basis points. Being 370 basis points over the S&P 500 with that pile of money is no small feat.
1:30.0	A Morningstar named him the Domestic fund manager of the year.
1:33.4	Peter Lynch has called him the best stock picker he's ever known.
1:37.0	He's just a legend.
1:39.0	Has a fascinating career and a fascinating approach to managing a fund.
1:45.0	I found this conversation to be one of a kind and I think you will also,
	...

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