CPD: Buy and hold forever

An investment manager’s analysts should conduct deep research that includes onsite meetings with a company’s senior leadership, customers, suppliers and competitors, and should also evaluate financial statements. All of this information will inform the manager’s fundamental outlooks and earnings models.

For example, Jennison Associate’s global equity team focuses on the magnitude and duration of the long-term growth drivers for each company the portfolio holds. The team is willing to accept short-term stock price volatility as part of the price that needs to be paid for the potential to create significant growth in value over time.

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