Christopher Traulsen
Christopher Traulsen
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.
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.
careful chasing funds investors rally
A lot of the funds in this rally are really some of the more speculative, riskier ones around and investors should be careful about chasing their performance.
chasing companies funds invested performance recipe run
A lot of the companies these funds have invested in have run pretty hard. Chasing performance here is probably a recipe for disaster.
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.
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.
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.
fairly fund investors time
The fund is fairly volatile. Investors need to have a long time horizon.
crystal likely travel
I don't have a crystal ball, but travel is likely to slow.
benefit change enormous late
It's an enormous change from what they've done in the past. I think it's been late in coming, but I think it's going to benefit them.
consistency less nice
It's a nice marker of his consistency, but I wouldn't think less of him if he didn't make it.
odds surprised
I think the odds are good. I would be surprised if he didn't (beat the S&P).
approach careful pile rear taking view
You really have to be careful with taking the rear view approach with tech. If you pile on to what's been working, you could be in for a big shock.