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Steve Forbes Interviews Portfolio Manager Linehan Who Is Avoiding Apple But Likes Microsoft
Posted by: Canadian Value (IP Logged)
Date: June 14, 2013 10:01AM
John Linehan is the head of U.S. equities for T. Rowe Price. He consider himself a "bottoms up" investor who seeks to beat the market by knowing the companies he owns better than everyone else.
Linehan thinks that knowing the people running the companies is extremely important. While looking at balance sheets and valuations is obviously key, quality of management is integral as well.
When asked why the market is going up while the world looks scary, Linehan thinks that climbing a wall of worry is always what the market does over time. He also points out that the market has gone up from a very low starting point.
When asked if there is a bond bubble Kinehan notes that markets can stay irrational longer the investors can stay solvent. Like many he thinks investors going into Government bonds are taking on a lot of risk today.
The video gets into his specific investment ideas:
Stocks Discussed: AAPL, MSFT,
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