Sat.Dec 09, 2023

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MiB: Joel Tillinghast, Fidelity’s Legendary Fund Manager

Barry Ritholtz

 This week, we speak with investing legend Joel Tillinghast. He has been a mutual fund manager in the equity division at Fidelity Investments since the 1980s. Tillinghast launched Fidelity’s Low-Priced Stock (FLPSX) in 1989, and has trounced the averages ever since. Since inception, FLPSX has annually beaten the S&P 500 by over 3% and the Russell 2000 by over 4%.

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The Value of Financial Forecasts for Business Planning

CFO Share

In the whirlwind of being a small business owner, you may feel too overwhelmed to take time for forecasting, but building a financial forecast is not just an advantage—it’s a necessity for survival and growth. Financial forecasts serve as a compass, guiding businesses through the uncertainties of markets, consumer behaviors, and economic shifts.

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10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Selling Art to the Rich, Famous, and Inebriated : Behind the scenes during Art Basel Miami Beach—a weeklong bacchanal of parties, paintings, and pills held in the name of shopping for art ( The Atlantic ) • Stop saying “there is no China decoupling.” There is!