We have our staff reading it and will post insights to this post over the next week.
But for almost 30 years, Tillinghast has consistently delivered superior results with Fidelity Low Priced Stock Fund ($FLPSX) by following 5 Rules:
- Do not invest emotionally.
- Do not invest in things you do not understand.
- Do not invest with crooks or idiots.
- Do not invest in faddish or fast-changing, commoditized businesses with a lot of debt.
- Do not invest in red-hot “story stocks”.
Think about these rules and how they apply to your own methodologies.