Christopher Traulsen
Christopher Traulsen
brought funds tech
Too many tech funds were brought out in the 1990's and many of them were ill-conceived as long-term investments.
crystal likely travel
I don't have a crystal ball, but travel is likely to slow.
changes execution time track work
I think they're on the right track with the changes they're making, but only time will tell if the execution will work out.
assets fund hilton host huge june percent portion
Marriott International is a huge portion of that Longleaf fund -- 10.7 percent as of June 30. Host Marriott comprises around 5 percent, and Hilton around 4 percent. If you've got 20 percent of your assets in hotels, and no one's traveling, you'll take a hit.
invest sees wherever
Lange will invest wherever he sees an opportunity.
odds surprised
I think the odds are good. I would be surprised if he didn't (beat the S&P).
asset doubt failure innovate thrown
I think that has been thrown into doubt by her failure to innovate in asset management.
slow
If it's a trend, it's going to be slow moving.
energy fund great held leading recently stayed
He has long stayed out of energy, and it's been the leading category. That really held the fund back, but more recently energy hasn't been a great place to be.
associated aware funds healthy investors risks technology
Investors are more aware of the risks associated with these offerings. We'll see more consolidation of technology funds and that's a healthy thing.
expecting fund investors tech
Investors should never go into a tech fund expecting stability.
compared deviation finally fund funds invested less returns risk risky stocks taken time
Any time you see a substantial deviation in returns with a fund compared to its category, it's usually because it's taken a substantial risk to get there. These funds aren't less risky now. It's just that the stocks they've invested in have finally started to come back.
badly bet biggest clearly large stocks
Clearly he underperformed badly during his tenure. He had a large bet in place on some of the biggest stocks on the market.
bill classic companies miller people
Classic Bill Miller is to find companies that other people don't like and see if the projections were incorrect.