Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

"Fidelity manager: I made mistakes
Magellan fund manager Robert Stansky says he misjudged the strength of the economic recovery."

odd. i just read an interview with him this morning which quoted him more extensively, and that clearly wasn't what he said, i.e. that he "misjudged the strength of the recovery". what he said was that he didn't believe folks would rush back into tech after the drubbing those stocks took. and that, together with the strength of small/midcaps last year, which has a negligible effect on a fund like magellan at its current size, led to underperformance.