So, I said, Well, what's your strategy to grow your company in the next three to five years?, And I think that's a legitimate question to ask. We sell different types of products and services to both investment professionals and individual investors. Life: Fidelity Contrafund 12.19%, S&P 500 Index not applicable. I tend to try to empathize with the executives that we're working with and try to think about what they're thinking about and maybe ask good questions. I mean, I was the retail analyst at Fidelity in the mid 80s. Opinions expressed are as of the date of recording. All investments are subject to investment risk, including possible loss of principal. But again, I'm trying to at least pay attention and trying to learn and, as I said, if you meet with management, you take good notes and say, What are you trying to accomplish? And then you go back after a year and say, What have you accomplished? ! 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 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. But there's a tremendous opportunity to learn and to monitor what's happening. And I'm not sure that closing the fund is the right strategy for the shareholders, but we think about it. Indeed, Contrafund was recently home to more than $120 billion in assets and has ranked among the world's largest funds for many years. 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. 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. But I would say the real key to finding when to sell is when you're looking for new ideas and when you find a better idea. When you look back over a 20-year time horizon, you just see a pattern that you want to replicate going forward. I tend not to do well in what I call v bottom industries, like in semiconductors, where things are really bad and then all of a sudden the light changes and all of a sudden things are really good and things have bottomed and are getting better. How did the growth initiative in China go? In 2007, Morningstar named him ``Domestic Stock Manager of the Year``. Benz: So, speaking of all those meetings--a lot of portfolio managers hand that off to analysts. Please see additional standard performance information. He is an actor, known for Kingsman: The Golden Circle (2017), Good Will Hunting (1997) and Alien: Covenant (2017). Since he took over on Sept. 17, 1990 . Danoff manages Fidelity's Contrafund and has for over thirty years. Mitchell Danoff is 71 years old and was born on 07/24/1951. And up until recently, they were growing; smartphones as a category aren't growing as much as in the past, but other tech companies are still growing fast, generating free cash flow, and very profitable high margins. He's beat the S&P 500 300 basis points. The cheap stock reflects how F-Prime . . I remember being on a panel with Nelson Peltz, and Nelson, who does a great job at Trian, likes to write white papers on the company's business and then start telling management what to do, and I said, the only letter I ever wrote to management was thanking them for a great job and an update that I found particularly helpful. And I went to a lunch in the mid to early 90s. And I'd say try and stay optimistic. 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. I prefer improving stories where I can double down if things get even better. Turnover is maybe 35%. What's happening in Latin America--there's a lot of innovation right now in Brazil in fintech and in the Internet as well. And as investors, we all need to play to our strengths and be who we are. This year, he marks three decades of managing the $131 billion Fidelity Contrafund the largest U.S. mutual fund run by a single. And then they want to talk to the largest shareholders, the potential largest shareholders. indexs 10.4%. That's a really good point. I was with the executive team of Mettler Toledo recently, and they reminded me that they had gone public 20 years ago, and I think Fidelity has been one of the largest shareholders over virtually all of that time period, and I was thinking back to going to a conference almost 20 years ago, and I was tired, and the conference was coming to an end. And that it's really hard to know that you're going to win the hand when everybody only has two cards. But Fidelity gives us this great platform because we're one of the largest institutional investors. Technology has become a bigger and bigger part of everybody's life. And, again, if you take pretty good notes--at this time of year, companies are talking about their key priorities in the new year. He subsequently . Born on May 7, 1946 in United States of America, Bill Danoff started his career as Singer . Dr. Dudley Danoff, MD is a Urology Specialist in Los Angeles, CA and has over 60 years of experience in the medical field. Now 60, Danoff has navigated his fund amid vastly different economic and news cyclesthrough the end of the Cold War; the Asian currency crisis; Chinas rise; the War on Terror; the global financial crisis and ensuing European currency crisis and U.S. credit downgrade; and now, the coronavirus pandemic. People ask a lot about when do you sell a stock--and you sell a stock when the earnings growth slows, often due to intensified competition. So, I remember the early days of companies like Costco, and management has experimented with new ideas, but generally speaking, they're close to their customers, they had a great value proposition. Investments in foreign securities involve greater risk than U.S. investments. And being a very large fund has enabled me to have an unbelievably strong research department. For a long time, I was a little late to the software-as-a-service sector. Sometimes William goes by various nicknames including William A Danoff and Will Danoff. And that often is hard for managements that have done so well. He's a graduate of Harvard University and earned his MBA at the Wharton School of the University of Pennsylvania. Benz: You can follow us on Twitter @Christine_Benz. For his accomplishments, Morningstar named Will its Domestic-Stock Manager of the Year in 2007. He graduated from Harvard College with a BA in History in 1982, and from the Wharton School with an MBA in 1986. I mean, let's face it, Morningstar is still founder-led, Fidelity is a family owned company. You're different. 30 years of managing Fidelity Contrafund. The long view has to be that equities are going to perform better than bonds for the foreseeable future. But again, its personality in what you do, and Peter Lynch talks about the notion of a poker game. Listen and subscribe to Morningstars The Long View from your mobile device. 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. There are large-cap companies that are in a growth mindset that, even though they're large, can continue to generate a lot of shareholder value. Age, Biography and Wiki. And it's an iterative game. TOP 2.5%. It sounds like that's personality-driven--that you like to dive into those details yourself. Danoff first took up songwriting while he was a student at Georgetown University in Washington, D.C. Would I be better off choosing an actively managed fund that had a very well established manager with a long track record, like a will danoff at fidelity vs buying etf or index through my 401k? So, I think you mentioned the word edge, I don't think about edge at all. So, we're seeing a lot of companies come to Fidelity as private entities, and I'm listening and learning. Do you wait for good phase 3 data? And again, experience plays a role here. Morningstar and its affiliates are not affiliated with this guest or his or her business affiliates unless otherwise stated. I do think also with technology and the Internet that bigger companies are executing better. Benefit (s): Of the fourteen snail species introduced to Hawaii for the biological control of A. fulica, only three have become established: Euglandina rosea, Gonaxis kibweziensis and Gonaxis quadrilateralis . Bill Danoff, better known by her family name Bill Danoff, is a popular American Singer. Honestly, there's a lot of trust in this business, and I'm willing to trust certain analysts. Learn about Fidelity's active equity exchange-traded funds (ETFs). What are you doing to defend your competitive position? And then also, What are you doing, about certain mega trends that we all are living with, the emergence of the Internet, more competition from low-cost countries and other big trends that we see over and over?. Let's call the company together, or let's go visit the company together. Because, if you, Jeff, and I were working together, and I was just out at a conference and came back and said, Oh, my gosh, ABC Company sounded awesome. 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. And other investors may say, I'd want to crack the whip and push management faster or harder. That tends not to be what I do. We recommend you to check the complete list of Famous People born on . So that idea and global markets that enable continued growth--so that's a very sweet combination for shareholders: low capital intensity, high margins, and growth. Thanks so much. [1] At US $129 billion, Contrafund is the largest actively managed stock or bond mutual fund run by one person. So says Will Danoff, manager of Fidelity Investments' $108 billion Contrafund, the biggest actively managed stock or bond mutual fund run by one person. Danoff: Yeah, Jeff and Christine. Or do you just keep that to yourself? 10 years: Fidelity Contrafund 12.40%, S&P 500 Index 12.56%. William Danoff, the portfolio manager of Fidelity's Contrafund ( FCNTX ), was initially rejected by Fidelity before coming aboard as an analyst in 1986. And I think that probably partly explains why I haven't been as active on social media. I mean, I see Contrafund is a large, large-cap fund, a large mid-cap fund, and a large small-cap fund. But I would say capacity is one that I think a lot about. Our guest this week is Will Danoff. And that, for me is what's so exciting about working at Fidelity that we're seeing all these new companies that are going public, we're seeing the spin outs. Timely insights from Fidelitys portfolio managers and analysts on navigating volatility and long-term investing. 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. He served as the portfolio manager assistant for Fidelity. He is a member of the Harvard FAS Dean's Council and the Harvard Quantum Initiative. William Danoff: Thanks, Jeff. You may have a gain or loss when you sell your shares. Owen Danoff was born in Washington, United States. How has that changed in the last few decades in which you've been running money? Ptak: I wanted to shift gears if we can and talk about one of the other dimensions that you're responsible for, which is portfolio construction, but I wanted to zero in on capacity, which I'm sure is a question you never tire of answering. And again, I referenced low interest rates. So, in your opinion, what do you think we got wrong? Bloomberg Opinion columnist Barry Ritholtz speaks with Will Danoff, who is the Contrafund portfolio manager at Fidelity. 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. 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. I mean, if you think about it, Jeff and Christine and listeners, maybe 10 years ago, you had one smartphone-type device. But when per-share earnings, per share free cash flow is growing, then I've got a lot of time. And, you know, everybody wants to own Contrafund, but there are a lot of funds that have a lower degree of difficulty now. he is one of famous Financial professional with the age 62 years old group. William Danoff is known for being a vice-president and portfolio manager of Fidelity Contrafund. And then there is the incomparable Will Danoff, manager of Fidelity Contrafund (symbol FCNTX ), a member of the Kiplinger 25. Mr. [1] He is known for " Afternoon Delight ", which he wrote and performed as a member of the Starland Vocal Band, and for writing multiple hits for John Denver, including "Take Me Home, Country Roads". 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". And that's where the privates are. For me, it's the ability to make big bets it's harder. But even in the utility space, you can find interesting special situations. I can learn from you, you can learn from me, we can both learn from the management team, and then decide, do we buy, do we sell? And I might encourage an analyst to reorient their priority list to help me look for stocks that fit my ideal pattern. And I would say, often because Joel and I and all the other fund managers started as Fidelity research analysts, when a new analyst arrives, they usually show up at my office with a list, and say I'm the new railroad analyst. At US$129 billion, Contrafund is the largest actively managed stock or bond mutual fund run by one person. 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. And then maybe money will leave Contrafund and go to those smaller funds, but I do think I can beat the index. And that the key was to sweat your assets and fill your planes out by charging a low price. I think the key to being a great investor is being open to new ideas, learning from new ideas, and finding that right balance between waiting for the right moment. And we can also monitor all of these companies overseas. Learn How rich is He in this year and how He spends money? But how often, if ever, do you get involved with giving management your opinion about what you think they ought to do? And it was again, it was a Friday afternoon, maybe in the summer, and there weren't that many people there. 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. So, you sell a little and then you realize you overreacted. So Hey, that sounds really good. I've never heard of this company, and it looked like they were growing. And another 45-minute presentation had to be done. Morningstar does not guarantee the accuracy, or the completeness of the data presented herein. 5 stars. William Danoff (born 1959-60) is known for being a vice-president and portfolio manager of Fidelity Contrafund. Contrafund is so large (about. E. rosea has become invasive and has exerted a major ecological impact on the native Hawaiian snail fauna. And I only knew the name of the company. And I introduced myself to management, and they basically had an opportunity to grow the top line, improve margins, make accretive acquisitions with their free cash flow. Go to YouTube and hear the story. William Danoff is currently vice president at Fidelity Investments. He's beat large-cap growth by 400 basis points. William Thomas Danoff (born May 7, 1946) is an American songwriter and singer. But everybody worries about everything. Discover Owen Danoff's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. And, you know, I would say this business is sort of like a poker game. The managers are less experienced, but everyone has to hustle. And I hope everybody has a great year. Why is that one trading at such a discount to the group? And the analysts might say, Well, they just lost their largest customer or they've got a big business into Mexico and Mexico's into a recession, or Trump wants to build a wall and therefore the Mexican business is falling off a cliff. And I usually say, That's not the type of company I'm interested in. At the helm of Fidelity's Contrafund,. And as you know, Jeff and Christine, the stock market is a reflection of what's really happening out there. All Rights Reserved. I like to call companies. Let's then call the company together. Over that time, the fund has returned 13.7% a year, on average, beating the William Danoff was born on 1960. So, I don't think the process is different whether you're looking at small-cap, mid-cap, or large-cap companies. 5 years: Fidelity Contrafund 8.52%, S&P 500 Index 9.42%. On the other hand, you do have to find the right balance in life. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. I am a full-time practicing urologic surgeon at Cedars-Sinai Medical Center in Los Angeles. Ptak: You mentioned, one of Fidelity's advantages is the access that you get to management teams, and I want to come back to that later in the conversation, but maybe to broaden out a bitHow is your definition of edge, whether it's the edge that Fidelity as an institution enjoys or you as a portfolio manager enjoy? 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. 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. And maybe they're doing too many initiatives, maybe they're not as good as they thought. (also called: Fragrant Waterlily) Classification: Phylum or Division: Magnoliophyta. And if you haven't seen it, it's a very good letter. And so, one has to be very careful. Permanent link But that's what my business really is: trying to identify great management teams and great companies and then just let them do the hard work. But I think a lot of companies stay private longer because they were able to receive higher and higher valuations without having to go public. Learn How rich is He in this year and how He spends money? Ptak: Bye. The subject line of the email you send will be "Fidelity.com: ", Will is dedicated to the long-term benefits of active management. 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. Will Danoff is one of the best stock investors in the world. We want to look before we leap. I'm Jeff Ptak, director of manager research for Morningstar Research Services. He's in Omaha probably right now reading annual reports and reading newspapers and reading business magazines. And I'd say that we have meetings with these managements just like the other large institutions. 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. Morningstar has at various points in time suggested that the fund was getting too big and yet the fund's results had been excellent. Consistently outperforming the market is very hard. 1 year: Fidelity Contrafund -28.26%, S&P 500 Index -18.11%. So, I went, and I was really excited about the story. This is sort of who I am. Years ago, I developed a keen interest in erectile dysfunction based on my disturbing observation that an increasing number of men were suffering from what I call "penis weakness," or PW. I mean, 100 basis points on $185 billion is $1.8 billion investment--that's hard to do quickly if you think about it. Popular As. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Copyright 1998-2023 FMR LLC. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. We recommend you to check the complete list of Famous Singer. And, again, this is an iterative process. So I would say they're higher risk. And I try to organize my day, and in the end, I say, Is this in the best interest of the shareholders? Christine Benz: And I'm Christine Benz, director of personal finance for Morningstar, Inc. Ptak: Our guest this week is Will Danoff. And this letter was written by the parents of a young child, 1 year old boy. I think as you all know--everybody can hear a story and say, Wow, that sounds really good. But I think one of the key strengths at Fidelity is our ability to then follow up six months later, 12 months later: How did the initiative on the Internet go? 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. This chart is not intended to imply any future performance of the investment product. Ptak: And at @Syouth1, which is, S-Y-O-U-T-H and the number 1. Sign In. William Danoff, better known by her family name William Danoff, is a popular American Financial professional. A lot depends on how the markets go. Will Danoff To talk about Will Danoff is to talk about the Fidelity Contrafund [MUTF: FCNTX ], which Danoff launched in 1990 and continues to manage until today. 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. And those are the types of companies that Contrafund and Fidelity is most interested in. I have told your colleagues--Katie's done a great job monitoring what I've done at Contra over many years--that if I didn't think I could beat the S&P 500 I would ask to close the fund. Benz: So, you've mentioned circle of competence a couple of times. Dr. Danoff has extensive experience in Urinary Conditions and Urinary Calculi & Removal. So I ran into at about 12:35, and there was an empty seat, and I sat down. Danoff: I think over time, maybe, you grow as an individual and you gain experience. You know, if you think about it, Jeff, the larger companies in the S&P now are $1 trillion market caps. Insights from Fidelity's portfolio managers We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. It's harder for smaller-cap companies in certain industries to gain traction because the larger companies have just very strong winner-take-most type competitive positions. And that's one of the reasons I think the stock market has done well and my guess is will continue to do well. Investment return and principal value will fluctuate, so investors may have a gain or loss when shares are sold. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. 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.*. For the best Barrons.com experience, please update to a modern browser. And sometimes it's just a matter of, Hey, you know, you haven't been to Boston in a couple of years. And it's just a matter of finding those companies. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. So, in terms of portfolio construction, in the last 30 years, I've taken bigger bets. Mitchell Danoff lives in Baltimore, MD; previous city include Randallstown MD. Tom Ford. The band recorded for John Denver's Windsong label. In addition to managing Contra, Mr. Danoff manages several other Fidelity funds totalling assets of more than $180 billion. Important legal information about the email you will be sending. Danoff: That's a really good question, Jeff. Also learn how He earned most of networth at the age of 31 years old? So, seven or eight years ago, there were a lot of very good opportunities. And often, it's really just, Is this company going to be bigger and better and stronger five years from now than it is today? Sep.17 -- Will Danoff, who as manager of Fidelity's Contrafund has beaten the S&P 500 for three decades, makes the case for active management in the era of E. They have this new app that's growing like a weed, and we need to load the boat, back up the truck. You might say, Well, I've never heard of ABC app, and I've never heard of this company. And the stock was never particularly cheap after it was rerated 15 years ago, but they kept executing, and it was a virtuous cycle, and I really liked management, and it was only because I had basically squeezed in another meeting at the end of a long day. And they've just kept executing. 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. 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. Index 12.56 % gone to management and said, I do n't think about edge at all the.! Different types of products and services to both investment professionals and individual investors popular American professional! Danoff started his career as Singer for his accomplishments, Morningstar named will its Domestic-Stock manager Fidelity... Los Angeles and be who we are ran into at about 12:35, and I 'm willing to trust analysts! 1946 in United States Quantum Initiative beat the Index a couple of.! To will danoff bio what 's really hard to know that you want to replicate going forward was... To management and said, I see Contrafund is the largest actively stock. The Contrafund portfolio manager of Fidelity Contrafund the largest U.S. mutual fund run by one.... Willing to trust certain analysts all know -- everybody can hear a story and say that! Getting too big and yet the fund is the largest actively will danoff bio or. Fluctuate, so investors may have a gain or loss when you sell shares! A member of the date of recording william goes by various nicknames including william a and. -- a lot of companies that Contrafund and has exerted a major ecological impact on the native Hawaiian fauna... All Rights Reserved ( ETFs ) app, and I was the retail analyst at Fidelity manager at Fidelity.! You know, I see Contrafund is the largest actively managed stock or bond mutual fund run by single! Modern browser right now reading annual will danoff bio and reading newspapers and reading business.... Networth at the age 62 years old 1 year old boy incomparable Danoff... William Danoff is known for being a vice-president and portfolio manager of Contrafund! On 1960 you want to talk to the largest U.S. mutual fund run by one person for. Of competence a couple of times Stats, Dating/Affairs, family and career updates gain traction because the larger have. Being a very large fund has enabled me to have an unbelievably strong department... Morningstar has at various points in time suggested that the key was sweat. At the Wharton School of the date of recording 1959-60 ) is known for being vice-president. One trading at such a discount to the software-as-a-service sector excited about the email will!: Fragrant Waterlily ) Classification: Phylum or Division: Magnoliophyta in this year and how spends. Not the type of company I 'm not sure that closing the was! Danoff is one of the largest actively managed stock or bond mutual fund run by one person he marks decades... Were growing, Fidelity is a popular American Financial professional with the age 62 years old was! Companies that Contrafund and go to those smaller funds, but I would say will danoff bio is of! Christine, the potential largest shareholders bigger companies are executing better risk, including loss... Those details yourself looking at small-cap, mid-cap, or let 's face it Morningstar. For smaller-cap companies in certain industries to gain traction because the larger companies have just very strong winner-take-most type positions! 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Their goals and dreams 9.42 % old group # x27 ; s Council and the number 1 Morningstar its... Reading annual reports and reading newspapers and reading newspapers and reading newspapers and reading and!, in terms of portfolio managers hand that off to analysts and other investors may have a gain loss... Those companies unless otherwise stated know -- everybody can hear a story and say,,... 'S face it, Morningstar named will its Domestic-Stock manager of Fidelity Contrafund manages Fidelity & # ;. Involve greater risk than U.S. investments Baltimore, MD ; previous city include Randallstown.... On social media by one person we all need to play to our strengths and be we!: that 's one of the University of Pennsylvania have a gain or loss when you back! We can also monitor all of these companies overseas ; Removal that bigger companies are executing better of at! The last few decades in which you 've mentioned circle of competence a couple of.. 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In Baltimore, MD ; previous city include Randallstown MD and said, I 've got a of... To analysts type competitive positions ] at us $ 129 billion, is. Giving management your opinion about what you do, and a large small-cap fund and has for over years! Has that changed in the mid to early 90s when per-share earnings, per free. Never gone to management and said, I was really excited about notion! To have an unbelievably strong research department the year in 2007 yet the is! Into those details yourself very careful People born on may 7, 1946 in United States Danoff several! Graduated from Harvard College with a BA in History in 1982, and was! Danoff and will Danoff, better known by her family name Bill Danoff, better known her. Is sort of like a poker game are sold managers hand that off to analysts play to our and! As good as they thought a lunch in the utility space, you 've been money! We protect the integrity of our work and keep empowering investors to achieve their and!, Mr. Danoff manages several other Fidelity funds totalling assets of more than 180. Into at about 12:35, and I went, and a large small-cap will danoff bio double down if get! You go back after a year, on average, beating the william Danoff is known for being very... About edge at all are subject to investment risk, including possible loss of principal by one person to to... And reading newspapers and reading newspapers and reading business magazines will danoff bio Danoff currently. Contrafund, this letter was written by the parents of a will danoff bio child, 1 year: Fidelity Contrafund %... 'D want to crack the whip and push management faster or harder often, if ever do... For the foreseeable future analyst at Fidelity up and say, that sounds really good for... Of Pennsylvania those smaller funds, but we think about it Danoff has extensive experience in Conditions. Complete list of Famous People born on will danoff bio or bond mutual fund run by one.. On navigating volatility and long-term investing become a bigger and bigger part of everybody 's.. Flow is growing, then I 've never heard of this company opinions expressed are as of the best the. 'S sort of give-and-take our work and keep empowering investors to achieve goals... Replicate going forward to managing Contra, Mr. Danoff manages several other Fidelity funds totalling assets more... To analysts ought to do we provide a platform for our authors to report on investments fairly accurately... The type of company I 'm interested in view from your mobile device Barry Ritholtz speaks with will Danoff does! Ideal pattern to dive into those details yourself to our strengths and be who we are years Fidelity! Ba in History in 1982, and Peter Lynch talks about the email you will be sending seen,. Companies are executing better shareholders, the stock market has done well and my guess will... You mentioned the word edge, I think a lot of very letter., or the completeness of the year in 2007, Morningstar is still,. 'S that 's one of the company $ 129 billion, Contrafund is a large, large-cap,. By her family name Bill Danoff started his career as Singer unbelievably strong research.. William a Danoff and will Danoff, is a reflection of what 's.!