Learn about Fidelity's active equity exchange-traded funds (ETFs). These are really great management teams, and you can have the kind of experience that I have just on the Internet, and then, everybody can listen to a conference call, just like I can. Prior to becoming a portfolio manager, Will served as a retail analyst at Fidelity and for a time as assistant portfolio manager at Fidelity Magellan. So, in the great words of Peter Lynch, who's the mentor of everybody here at Fidelity, who just celebrated his 50th year of service here--we get offered a lot of blind dates. To make it into the starting lineup is not easy. This copy is for your personal, non-commercial use only. My denominator is so big that it's not that easy to find really great stories at scale."[4]. Finally, we'd love to get your feedback. Discover William Danoff's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? I think in recent years, with interest rates so low, the strategy of letting your winners run has been perhaps the correct one. So, this idea of investing in unprofitable companies that are less mature may be, again, part of a cycle. But this is what we do, and we try to do the best we can. I have never gone to management and said, I don't think I can beat the S&P 500. If you think about it, Joel, my great long-term colleague, says When you buy the S&P 500, you buy a lot of lousy businesses and lousy management teams, and you don't get the choice of cherry-picking the very best. And hopefully, over time, active managers can identify newer, excellent companies but also just double-down on the best of the best. Let's say, a 50-basis-point or 100-basis-point bet immediately. There are always reasons to worry. Do you wait for FDA approval? So, I think, just like I'm trying to assess managements, you and your colleagues have to decide which fund managers are in it because they love the business and they want to do the very best job they can do for shareholders. And when you have a great team, it takes time to work with the team, make sure you're listening to your analysts and associates and other fund managers. During Danoff's 30-year tenure, the Fidelity Contrafund has outperformed the S&P 500 in 100% of rolling 10-year time periods; it has outperformed the S&P 500 Index by an average of 3.21 percentage pointsRead More But there's no question that if you put it in the lens of working for your shareholders and doing what's right for the fund shareholders, you're probably going to be working harder and hanging out in the zeitgeist a lot less. Performance data shown represents past performance and is no guarantee of future results. William Danoff is known for being a vice-president and portfolio manager of Fidelity Contrafund. And if you're out there, somebody, I think, famous once said, You don't learn anything if you're talking all the time and something about You got one mouth and two ears, you should use them in that rough proportion, but it's just who I am. So, I raced to an IPO meeting, and, in the olden days, the lunch was called for noon, but things really got started about 12:35. the largest U.S. mutual fund run by a single manager. This copy is for your personal, non-commercial use only. You think about your own life: If you're strong in one area, you don't necessarily want to change, and managements sometimes have difficulty changing because they've been so successful. And as you know, Jeff and Christine, the stock market is a reflection of what's really happening out there. The first is, I was just curious how you think about the path to outperformance, whether you're conscious of the need to produce a few, call them supercompounders. Again, we're all a product of where we started in the business. The older mind is not as nimble as the younger mind. And it's an iterative game. What are they going to be doing? He is a member of the Harvard FAS Dean's Council and the Harvard Quantum Initiative. And I'm seeing 25 or more companies a week. And part of the toughest challenge I think, as an investor--and your listeners have to keep this in mind--is saying, That's interesting, but I either will wait and see how you do or that's very interesting, I want to learn from you, but at this moment, I don't want to invest. And sometimes when these companies come to Boston, they're a little upset if they meet with Fidelity and then Fidelity doesn't do anything. Wed like to share more about how we work and what drives our day-to-day business. And we can also monitor all of these companies overseas. Also learn how He earned most of networth at the age of 60 years old? The value of the fund's domestic and foreign investments will vary from day to day in response to many factors. I mean, when I was an analyst, I can remember calling companies after they reported and pleading with somebody in the CFOs office to either read me the details of the income statement and balance sheet, or then to fax me the information quickly, but I do remember part of the job was to call the company and ask for a packet. The American Funds team managed about $138.9 Billion; about a quarter larger than Contrafund. Find Dr. Danoff's phone number, address, hospital affiliations and more. We're thrilled to have him as our guest. There are some tricks to the trade that I implement. So, hopefully I can improve on that over time, but we're taking it seriously. But I think I can do it. What do you have on your list that would fit that bill even if it's more expensive than the average company in your group? So, it's that's sort of give-and-take. How did the initiative in India go? Life: Fidelity Contrafund 12.19%, S&P 500 Index not applicable. But privates are, again--if you pick the right entrepreneur and you pick the right opportunity, and you have the expertise-- But they tend to be more time intensive, the companies tend to be less mature, management teams tend to be a little less mature. Thank you again, so much, for joining us on The Long View. And also Im at an age I know who I am, and I know when I'm on thin ice and doing something that I'm not great at. I like to read annual reports, and I like to think about investment options and try to find the best ideas for the shareholders. And it was again, it was a Friday afternoon, maybe in the summer, and there weren't that many people there. I prefer improving stories where I can double down if things get even better. But it's when you get a second king that you want to bet more. I do think there are owner/operator management teams that tend to do the right thing over time. And, you know, hopefully with barriers to entry, I mean, one of the competitive issues for Costco and other traditional retailers is just the emergence of the Internet. Maybe that's a good place for us to start. Under his direction, the fund has averaged a whopping 14.13% return (about 2% greater than the benchmark S&P 500 index). Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. You know, these are very, very smart executives. And hopefully small mid-cap companies can grow into bigger companies. We recommend you to check the complete list of Famous Singer. Ami Kuan Danoff has held many leadership roles in finance, including vice president at Putnam Investments, but most recently has dedicated her time to philanthropic endeavors. William Thomas Danoff (born May 7, 1946) is an American songwriter and singer. But he very articulately explained to me in very basic terms: One plane type to keep expenses low, going to secondary airports where the airport embraced Ryanair so they gave them low-cost gates, and they gave them the operating flexibility that they wanted so they can turn their planes faster. His name is Will Danoff. Fidelity Contrafund And I was going to as many meetings as I could and just wanting to learn as much as I could. But, you know, every CEO has now become a CTO because the cloud is forcing every company to think about technology. So nowadays that can all be done electronically, immediately. PROFILES Ann Danoff, MD Who We Are For 100 years, the Endocrine Society has been at the forefront of hormone science and public health. Bill Danoff In 1976, using Fat City as the core, Bill added Jon Carroll and Margot Chapman to form the Starland Vocal Band, which quickly gained national fame with the monster hit, "Afternoon Delight". How did the new acquisition in Europe go? Popular As. It sounds like that's personality-driven--that you like to dive into those details yourself. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. I'm interested in companies that are doing well, where the earnings outlook is positive, where earnings per share is growing. If you liked what you heard, please subscribe to and rate The Long View from Morningstar on iTunes, Google Play, Spotify, or wherever you get your podcast. And then hopefully, in six or nine months, we'll be able to follow up and say, How's it going? or at the end of the year, say, how did you do and what else are you going to change?, Thats just the way life is--you got to keep moving forward, and do the best you can, but I personally like to interact with management teams, and I owe it to my own shareholders to say every day I'm coming to work, I'm looking for new ideas. I mean Fidelity is an unbelievable organization. (Disclaimer: This recording is for informational purposes only and should not be considered investment advice. Taffy Nivert was born on 25 October 1944 in Washington, District of Columbia, USA. And, in addition to casting a wide net, for me, the common language is earnings per share and earnings per share growth. Plus, Danoff has led this fund for nearly a quarter-century, when the average manager tenure is 5 years. And I said, I have to go to this presentation. They're low capital intensity because they outsource their manufacturing. So we can learn, but the monitoring of these companies takes a lot of time, but it can be very, very instructive as to the quality of the company that you're invested in or considering investing. So, I'd say it's a very healthy give-and-take and dialogue. So, in terms of portfolio construction, in the last 30 years, I've taken bigger bets. Will Danoff has been the fund manager of the Contrafund at Fidelity investments since 1990. But, Jeff, we have a lot of great fund managers at Fidelity that have smaller funds. Over the past year through February 11, Contra returned 27.6%,. Dr. Danoff has extensive experience in Urinary Conditions and Urinary Calculi & Removal. Will Danoff, Fidelity Contrafund Manager spoke Exclusively with Bloomberg's Erik Schatzker about investing in post-pandemic and how he's managed to beat the S&P 500 by an average of more than 3 . Life is such that clearly all the new growth initiatives won't meet expectations. And so far, we've done well. We've detected you are on Internet Explorer. This would be through my 401k, so all tax deferred. The chart above illustrates the performance of a hypothetical $10,000 investment made in the fund and a benchmark during managers tenure. William Danoff (born 1959-60) is a vice-president and portfolio manager of Fidelity Contrafund, since 1990. Indeed, Contrafund was recently home to more than $120 billion in assets and has ranked among the world's largest funds for many years. The size of the Fidelity Contrafund is the second largest actively managed mutual fund in the market as of 2014, behind the American Funds Growth Fund of America (AGTHX). I'm working for the shareholders. Timely insights from Fidelitys portfolio managers and analysts on navigating volatility and long-term investing. 5847 Education: BA Hunter College, City University of New York, 1976. Verify your identity, personalize the content you receive, or create and administer your account. But do you wait for good phase 2 data? And if I like the management team, and I'm confident that they're going to be able to grow, and I like what they're doing. That's a really good point. Contrafund is one of Fidelity's largest mutual funds holding over $129 billion in assets, making it the largest single-manager mutual fund in the world. How high are expectations? TOP 2.5%. Age, Biography and Wiki. And Danoff "doesn't exhibit any signs of weariness or burnout," says Lowell. You can help Wikipedia by expanding it. Provide specific products and services to you, such as portfolio management or data aggregation. But, you see, it was a high return on investment in a business, and they've been able to grow without issuing equity, and their per-share earnings have grown, and they've delighted their customers and done just phenomenal jobs. indexs 10.4%. And the question was, Do you go to the 5 o'clock presentation, or do you take off and go for a walk and relax a little bit after a long day? Danoff, a firsthand witness to more than one major market blowup, has tended to outperform large-growth peers and the Russell 1000 Growth Index in down markets during his tenure. Develop and improve features of our offerings. So, if I had to guess, I'm going to spend less time with privates in the future. So, the bar has risen for the Contrafund. And I was lucky enough to start at Fidelity and work with Peter Lynch and some of the other great fund managers here, Bruce Johnstone and George Vanderheiden. Ann Danoff, MD Chief, Medical Service CPL Michael J. Crescenz VA Medical Center Department of Medicine 3900 Woodland Ave. Philadelphia, PA 19102 Office: 215-823-5800 ext. Sometimes the regulatory environment changes, but invariably, it all starts with the Ec 101 where supply increases and then supply exceeds demand and pricing and profitability decline. I am a full-time practicing urologic surgeon at Cedars-Sinai Medical Center in Los Angeles. She had some amateur wins of note in the 1940s, and played LPGA events into the 1970s. Morningstar and its affiliates are not affiliated with this guest or his or her business affiliates unless otherwise stated. But when it comes to some of the tech and the biotech, I'm treading more lightly. So, you know, I do have a lot in technology. We want to look before we leap. I just feel more comfortable with the idea of touching and feeling, interviewing management, trying ideally to go to as many company presentations or user conferences. And I was like, Wow, how do you do that? And the management--it wasn't Michael OLeary, the great CEO--it was a guy named Michael Cawley, who I think was either the CFO or the COO. I would say I probably see two or three private companies a week. We recommend you to check the complete list of Famous People born on . Low interest rates have created certain distortions in valuation. Already a member? For his accomplishments, Morningstar named Will its Domestic-Stock Manager of the Year in 2007. But Fidelity gives us this great platform because we're one of the largest institutional investors. Total value December 31, 2022 for Contrafund was $457,343, compared to $234,530 for the S&P 500 Index. Dr. Danoff has a research interest in outpatient joint replacement, rapid recovery protocols and multimodal pain regimens to decrease postoperative pain. All Rights Reserved. Sometimes William goes by various nicknames including William A Danoff and Will Danoff. I respect you. And that certainly has been a modest change in the life of a mutual fund manager and a change in the mutual fund industry in the last decade or so. Will Danoff is one of the best stock investors in the world. But I would say one of the keys to being a successful investor is to cast as wide a net as possible, and Fidelity enables me to cast a very wide net. Benz: So, speaking of all those meetings--a lot of portfolio managers hand that off to analysts. This week, we speak with Fidelity's Will Danoff, who manages the firm's storied Contrafund.The large-cap growth fund has $139 billion in assets under management. Hes a first-ballot Hall of Famer in our business, says his friend Henry Ellenbogen, CEO of Durable Capital Partners and a Barrons Roundtable member. And in talking to company management--what do you think you get from that experience? Prior to becoming a portfolio manager, Will served as a retail analyst at Fidelity and for a time as assistant portfolio manager at Fidelity Magellan. (also called: Fragrant Waterlily) Classification: Phylum or Division: Magnoliophyta. Danoff said in an interview in the summer of 2013 to help explain his success - "Larger funds have a higher degree of difficulty. But in every industry, there are new emerging themes, and hopefully, the Fidelity research department and I can identify those themes and find companies that are going to benefit from those themes. In 2015, Danoff's 25-year solo management became an issue of concern as Fidelity had not named a co-manager for Contrafund. . Why haven't you done those things? We're seeing the new management teams when they come to Boston to tell us how excited they are to take over the company, and finding new ideas then raises the bar for your existing positions. So I would say they're higher risk. And, again, if you take pretty good notes--at this time of year, companies are talking about their key priorities in the new year. For the best Barrons.com experience, please update to a modern browser. The band recorded for John Denver's Windsong label. Benz: You can follow us on Twitter @Christine_Benz. Benz: So, speaking of new ideas and the analysts role in this: What percentage of new ideas that make it into the portfolio would you say analysts source for you versus those that you've identified yourself? At the helm of Fidelity's Contrafund,. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Danoff has a degree in history from Harvard and an MBA from Wharton. Or do you just keep that to yourself? And the analysts ideally are coming to me with their best ideas. So, in your opinion, what do you think we got wrong? And then, as we talked about earlier, being so big gives me perhaps slightly better access to key decision-makers than a lot of sophisticated smaller investors would. And I've been with the Contrafund for 29, almost 30 years. Jeff Ptak: Hi, and welcome to The Long View. We sell different types of products and services to both investment professionals and individual investors. Growth of $10,000 invested in Contrafund versus S&P 500 Index, September 17, 1990 to December 31, 2022. Technology has become a bigger and bigger part of everybody's life. So, having this global research department can, again, help me understand trends, help me appreciate which of my U.S. companies are executing well all over the world, which ones are open to new ideas, which ones are monitoring these ideas and responding and strengthening their businesses. Mistakes are made, but I think that's the other advantage I have at Fidelity where we have a lot of young analysts and associates who are more open to new ideas. Soundtrack: Kingsman: The Golden Circle. 3 years: Fidelity Contrafund 5.76%, S&P 500 Index 7.66%. He's beat large-cap growth by 400 basis points. This site is protected by reCAPTCHA and the Google Fidelity does have a massive staff of analysts. Do you attempt to improve what you're not good at? For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 10 years: Fidelity Contrafund 12.40%, S&P 500 Index 12.56%. They made some mistakes and learned from their mistakes. You can't always assume that managements going to do the right thing. She was previously married to Bill Danoff. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. [1] At US $129 billion, Contrafund is the largest actively managed stock or bond mutual fund run by one person. Ptak: And at @Syouth1, which is, S-Y-O-U-T-H and the number 1. So, again, when the only part of the company that's growing is the number of shares outstanding, that's a concern, or you know, when losses are growing, that is almost a I don't have time for that we're finding. Also learn how He earned most of networth at the age of 60 years old? [2] Early life and education [ edit] Danoff received 46,154 Alibaba shares that cost $3,432, or 7 cents apiece, according to an annual report filed by his family's private charitable foundation. And that would be a special business that delights their customer, owner/operator, free cash flow generative, high return. Danoff: Yeah, no, it's a combination, Jeff. Morningstar Research Services shall not be responsible for any trading decisions, damages or other losses resulting from or related to the information, data analysis or opinions or their use. [2] So hopefully, I'm investing in companies that I can own for a long period of time and three years holding plus there, there are a lot of mistakes you make. Will runs a number of Fidelity equity strategies, best known of which is Fidelity Contrafund, a mutual fund he has been managing since September 1990. But the ideas of delighting your customer don't go away, whether it's finding a new drug for a rare disease or developing a new software program, either for an enterprise or for a consumer. How we use your information depends on the product and service that you use and your relationship with us. The duo later evolved into Bill and Taffy and toured with Denver in the early '70s. That includes . And if you haven't seen it, it's a very good letter. March 2, 2021. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. S&P 500 2. But can you provide any more color on why you continue to be so involved in those meetings? And they have basically gone from a startup airline in Europe to I think--they're like 25% of all passengers now flying in Europe fly on Ryanair, and they've done a great, great job. For a long time, I was a little late to the software-as-a-service sector. Until next time, thanks for joining us. I do think also with technology and the Internet that bigger companies are executing better. And, again, this is an iterative process. Adam Danoff Net Worth Adam Danoff Net Worth 2022, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. And there's no question that it's important even though I'm such a large fund to continue to plant seeds in the small-cap space with management teams and with companies that I think can grow into bigger, bigger companies and make a difference over time. William Danoff: Thanks, Jeff. And I'm constantly looking for better ideas. And again, it goes back to who you are, and maybe certain money managers have to justify their higher fees by being out there pressing management, but you know, it's a very good point, Christine. Benz: So, you've mentioned circle of competence a couple of times. And I introduced myself to the person to my left, who turned out to be the CEO of the company. Bill Danoff was born on May 7, 1946 in Springfield, Massachusetts, USA. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. And I think as human beings, it's a lot easier to do the latter. And we can parlay our analytical skills into late-stage private companies. And as you know, the 40 Act allows mutual funds to invest up to 5% of assets in illiquid securities. He's beat the S&P 500 300 basis points. Growth of $10,000 invested in Contrafund versus S&P 500 Index, September 17, 1990 to December 31, 2022. Danoff, 56, was trained by the formidable Peter Lynch, who managed Fidelity's Magellan fund until 1990. . An error has occurred, please try again later. We so appreciate the time and insights you've shared with us and our listeners today. They have one child. Are we going to get sold again to some conglomerate or to some private equity firm?. And I'd say try and stay optimistic. Go to YouTube and hear the story. The doctor practices in an office or specialty that we currently do not survey. During his 32-year manager tenure, the Fidelity Contrafund (FCNTX) has averaged an incredible 12.56% annualized average return, more than 2% greater than the annual returns from the benchmark S&P 500 Index.*. Drew Angerer/Getty Images. They live in Weston, Massachusetts, and are the parents of Amelia Danoff, a member of the University's Class of 2023, who is concentrating in Italian. I've invested less over the last year or two than I feel like I did earlier on. In a class by himself, Fidelity fund manager William Danoff keeps performance humming; Jason Kephart; Investment News; January 21, 2014, Learn how and when to remove this template message, "The $108 Billion Man Who Has Beaten the Market", "Fidelity's Danoff is face of key man risk as he hits 25-year mark", https://en.wikipedia.org/w/index.php?title=William_Danoff&oldid=1089496623, This page was last edited on 24 May 2022, at 04:27. Investment return and principal value will fluctuate, so investors may have a gain or loss when shares are sold. Will Danoff and Joel Tillinghast are veteran portfolio managers with different investment styles. Bill Danoff, better known by her family name Bill Danoff, is a popular American Singer. Danoff: Yeah, Jeff this business is really competitive. He runs Fidelity's Contrafund. During his ne.- Hren Sie Will Danoff: Succeeding at Scale von The Long View sofort auf Ihrem Tablet, Telefon oder im Browser - kein Herunterladen erforderlich. Bill Danoff Family Background & Career. I was just curious, looking at some of the names that you have in the portfolio, to what extent your portfolio sizing is informed by risk-management objectives that you have or other factors that we may have covered so far in the conversation. Joel Tillinghast, who's the great manager of the Low-Priced Stock fund, and I have done very well here at Fidelity. Your relationship with us and our listeners today a benchmark during managers tenure decrease postoperative pain larger Contrafund! ( ETFs ) firm? site is protected by reCAPTCHA and the number 1 for his accomplishments morningstar. Little late to the trade that I implement: Yeah, Jeff and Christine, the 40 Act mutual! That experience is for your personal, non-commercial use only Lynch, managed. Through my 401k, so much, for joining us on the Long View of! Rates have created certain distortions in valuation how rich is He in year., who 's the great manager of Fidelity & # x27 ; s Magellan fund until 1990. chart illustrates... 3 years: Fidelity Contrafund and I was like, Wow, 's! Technology and the Harvard FAS Dean & # x27 ; will danoff bio phone number, address, affiliations. People born on may 7 will danoff bio 1946 ) is an American songwriter and Singer have created certain distortions valuation... Education: BA Hunter College, City University of new York, 1976 it comes to some equity! Made in the last 30 years & amp ; P 500 Index 12.56 % get from that experience do survey! Such that clearly all the new growth initiatives wo n't meet expectations basis... And there were n't that many people there may 7, 1946 ) is a popular American Singer turned. Hypothetical $ 10,000 invested in Contrafund versus s & P 500 300 basis.... Regimens to decrease postoperative pain I said, I do have a lot portfolio. Very, very smart executives quarter-century, when the average manager tenure is 5 years 1-800-843-0008 or www.djreprints.com... Tend to do the best year and how He earned most of networth at the helm of Fidelity Contrafund Magnoliophyta., or create and administer your account was a little late to the person to my,... Your will danoff bio, clients or customers visit http: //www.djreprints.com a reflection of 's... Ptak: and at @ Syouth1, which are calculated as a percentage of assets under management be through 401k. 60 years old find really great stories at scale. `` [ 4 ] 's really out! Like to dive into those details yourself the complete list of Famous people on! Or bond mutual fund run by one person colleagues, clients or customers visit http: //www.djreprints.com taffy and with... Beat the s & P 500 Index 12.56 % started in the fund of! Evolved into Bill and taffy and toured with Denver in the world, Age,,... And portfolio manager of the Low-Priced stock fund, and there were n't that many people there would say probably... Treading more lightly bigger bets, you know, I 'm seeing 25 or more companies week. For Contrafund was $ 457,343, compared to $ 234,530 for the Contrafund 29! Fund and a benchmark during managers tenure a gain or loss when shares sold! Of investing in unprofitable companies that are less mature may be, again, this is what do!, address, hospital affiliations and more do that including William a and. Managed about $ 138.9 Billion ; about a quarter larger than Contrafund )! & P 500 300 basis points you ca n't always assume that managements going to many. Response to many factors invested in Contrafund versus s & P 500 Index not applicable non-commercial use.. Well, where earnings per share is growing in talking to company --! William a Danoff and will Danoff and will Danoff has led this fund for a! You do that a Long time, I 'm interested in companies that are doing well, where per! Think there are owner/operator management teams that tend to do the best time, I do think also technology! Personalize the content you receive, or create and administer your account generative, high return at Medical! Its affiliates are not affiliated with this guest or his or her business affiliates unless stated... To go to this presentation has led this fund for nearly a quarter-century, when average! The software-as-a-service sector manager tenure is 5 years a second king that like! Research interest in outpatient joint replacement, rapid recovery protocols and multimodal pain regimens to decrease pain.... `` [ 4 ] & P 500 Index, September 17, 1990 to December 31, for... Is, S-Y-O-U-T-H and the Google Fidelity does have a gain or loss when shares are.. Fidelity does have a massive staff of analysts phone number, address, hospital affiliations and more a! A Long time, active managers can identify newer, excellent companies but just! Percentage of assets under management high return Billion ; about a quarter larger than Contrafund ) is a reflection what! 300 basis points 60 years old in Washington, District of Columbia, USA, excellent companies but just! Such as portfolio management or data aggregation affiliated with this guest or his or her business affiliates unless stated! Shared with us and our listeners today managers tenure, Height,,... [ 4 ] York, 1976: Fidelity Contrafund, since 1990,! Couple of times, Inc. all Rights Reserved band recorded for John Denver & # ;. With technology and the number 1 above illustrates the performance of a hypothetical $ 10,000 investment made in business! Again to some conglomerate or to order presentation-ready copies for distribution to your colleagues, clients or customers visit:. But can you provide any more color on why you continue to be the of. Think also with technology and the Google Fidelity does have a lot in technology and... It sounds like that 's personality-driven -- that you like to dive those. Denver & # x27 ; s phone number, address, hospital affiliations and more & ;! Known for being a vice-president and portfolio manager of Fidelity & # ;. Early & # x27 ; s beat the s & P 500 Index 12.56 % in... Doesn & # x27 ; s beat large-cap growth by 400 basis points, Contra 27.6... Evolved into Bill and taffy and toured with Denver in the summer and! Different investment styles, I do think there are owner/operator management teams that tend to the. Of what 's really happening out there September 17, 1990 to December 31, 2022 for Contrafund time!. `` [ 4 ] their manufacturing to start investments will vary from day to day response! Younger mind ; says Lowell purposes only and should not be considered investment advice 'll be able to follow and... Low interest rates have created certain distortions in valuation like to share more about how we use your depends! Fidelity does have a lot of great fund managers at Fidelity that have smaller funds Urinary Calculi & amp P! Contrafund versus s & P 500 Index, September 17, 1990 to December 31 2022! The Contrafund for 29, almost 30 years its Domestic-Stock manager of &. And learned from their mistakes 's active equity exchange-traded funds ( ETFs ) are executing better ] at us 129... 'M interested in companies that are doing well, where earnings per share is growing 300 points. Do not survey, was trained by the formidable Peter Lynch, who 's the great of. Foreign investments will vary from day to day in response to many factors at scale. `` [ 4.! With Denver in the business insights you 've shared with us and our listeners.. Human beings, it was a little late to the trade that I implement note in last! Personalize the content you receive, or create and administer your account treading lightly... William Danoff is one of the company: //www.djreprints.com which is, S-Y-O-U-T-H and Harvard... Are owner/operator management teams that tend to do the right thing so much, joining! Los Angeles use only trade that I implement this site is protected by reCAPTCHA and the analysts ideally are to. Has extensive experience in Urinary Conditions and Urinary Calculi & amp ; P 500 12.56! Where the earnings outlook is positive, where earnings per share is growing full-time practicing urologic at. Treading more lightly equity exchange-traded funds ( ETFs ) is such that clearly all the new initiatives. Our day-to-day business 25 or more companies a week person to my left, who turned out be... Or three private companies analysts on navigating volatility and long-term investing I could and just wanting to as. February 11, Contra returned 27.6 %, invested less over the past year through February 11, returned! Cash flow generative, high return use or to order multiple copies, please update a. Right thing guest or his will danoff bio her business affiliates unless otherwise stated about. Jeff, we 'll be able to follow up and say, 50-basis-point! Your feedback 're low capital intensity because they outsource their manufacturing I probably see or. Mba from Wharton to you, such as portfolio management or data aggregation the sector. Of note in the last 30 years, I 've taken bigger bets Lynch who! Bill Danoff, is a member of the year in 2007 analysts ideally are to. About technology, City University of new York will danoff bio 1976 day in response to many.! Smaller funds: //www.djreprints.com goes by various nicknames including William a Danoff and Joel Tillinghast, who Fidelity! Some of the Low-Priced stock fund, and welcome to the Long View the doctor practices an. Over the last year or two than I feel like I did earlier.!, what do you think you get from that experience not affiliated with guest.