It's her decision whether or not she wants to run (Fidelity). She owns the company. Having said that, I think she does deserve this position. |
It's more of a stock-picking market. But it's still a very diversified fund. |
It's not like they were just sitting there with no one managing the store, |
People gravitate towards Magellan and it really hasn't let them down for the most part, so I think it says a lot for our economy, it's followed our economy an is responsible, in large measures, for the success that consumers have today. |
People put a lot of money into equities in the 1990s and maybe they went overboard, ... This is not a signal to take your money out of the stock market and put it in bonds. |
Peter was good with the media. He gave interviews, he talked about stocks with intensity, people liked that. He's a very, very smart guy. He's an acknowledged leader in the field. And that put a personality to the fund, to Magellan and to Fidelity. |
The big news is the fact that AOL has dropped out of the top 10 holdings in so many funds. |