Excess Returns  cover image

Lessons From a Legendary Fund Manager with Joel Tillinghast

Excess Returns

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Analyzing Business Improvement and Research Department Freedom

This chapter focuses on the importance of analyzing whether a business is improving enough to justify momentum investing, and the role of Fidelity's research department. It emphasizes the need to double-check the logic of designated analysts and ensure that the presented facts make sense to different types of investors.

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