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Holly LaFon
Holly LaFon
Articles (8059) 

Top Investor Joel Tillinghast to Appear on GuruFocus Podcast, With Reader Q&A

Fidelity's Tillinghast has slammed the market with his value approach to mid-caps

September 18, 2017 | About:

Joel Tillinghast will appear on the next episode of the GuruFocus podcast, where top money managers discuss important issues in investing.

Qualifying as a stock-picking star, Tillinghast has led his Fidelity Low-Priced Stock Fund (Trades, Portfolio) to a 13.69% average annual return since its launch in 1989, against a 9.57% average annual return in its benchmark Russell 2000 index for the same period. With low-priced stocks scarce, he has managed to outperform the market rally of 2017, generating a 12.05% return, compared to an 11.72% rise in the S&P 500 index and 6.36% advance in the Russell 2000.

Now, he will answer some questions from GuruFocus readers. To get Joel’s thoughts on your query about investing, enter it in the comments box below. GuruFocus hosts will ask Joel the reader questions “on air.”

More about Joel

Joel acts as vice president and portfolio manager at Fidelity Investments. His Fidelity Low-Priced Stock Fund (Trades, Portfolio) oversees $37.9 billion in assets, investing primarily in mid-cap stocks.

His investing style seeks to recognize long-term and low-priced value in companies with great fundamentals. The majority of his stocks are priced at or below $35 per share, and he does not discriminate between growth or value.

Top holdings

Book

Joel also released a new book, “Big Money Thinks Small: Biases, Blind Spots and Smarter Investing,” where he teaches investors how to avoid common pitfalls and gives them five steps for a more patient and profitable route:

  • Know yourself.
  • Make decisions based on your own knowledge, select trustworthy and capable colleagues and collaborators.
  • Avoid businesses that seem destined to fail.
  • Always search for bargains.

The interview with Mr. Tillinghast takes place next week – don’t forget to add your questions below!


Rating: 5.0/5 (2 votes)

Voters:

Comments

cirros
Cirros premium member - 2 months ago

Mr Tillinghast

Thanks for taking my question . 1) If you only had one valuation ratio or formual to use in valuing stocks - what would that be? and 2) what is that current indicator telling you about the number of attractve stocks in the marekt? Thanks

zosh4
Zosh4 premium member - 2 months ago
Mr. Tillinghast-you mention in your book that Warren Buffett (Trades, Portfolio) has a shortcut method for DCF-can you



wbgibert
Wbgibert - 2 months ago    Report SPAM

Mr. Tillinghast

How do you develop the discount factor you apply when adjusting a companies future cash flow forecast? Thank you.

ejnhodza
Ejnhodza - 2 months ago    Report SPAM

What is the best strategy for selecting portfolio assets that can buffer long-term interest rate hikes?

amritkapoor
Amritkapoor - 2 months ago    Report SPAM

Hello Mr. Tillinghast

How to to tell when a stock is expensive? Which ratios and numbers in financial reports do you use to conclude wether a stock is a good buy and at what price it will become expensive. Thanks :)

srichardson
Srichardson premium member - 2 months ago

Hello Mr. Tillinghast,

I enjoyed your book. My question is, if you were to manage $1,000,000, not billions (and with no commissions), would you still own many stocks?

If so, why? Given you propensity for picking winners, why not hold a concentrated portfolio?

Thank you! Sam

tdo1854
Tdo1854 - 2 months ago    Report SPAM

Why does he look at companies $35/share and below? Why not $20 and below or $40 or below? Thanks GuruFocus!

hfournier001
Hfournier001 - 2 months ago    Report SPAM

Hi,

The US stock market is pricey at the moment and may continue to run.for a while... however in the case of a bear market starting what would be the strategy suggested? Keep holding in the downturn? sell everything? Would investment continue to be done or everyone will wait the bull market back?

I started investing after the 2008 crash and I am not sure how investors deal with bear markets and their portfolio...

Thank you for your advice

Please leave your comment:


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