On Monday I posted a few links outlining the rumours that Rodger Lawson might be leaving Fidelity. Click here for an interesting piece from MarketWatch that asks the question "Does it make a difference to the mutual funds if the head honcho leaves? I say no, and in the article I say "a change in the president or CEO doesn't require an immediate response by investors."
By now you know that my mantra is Buy the Manager, Not the Fund. I recently participated in a Forbes panel that discussed a variety of approaches to measuring mutual fund performance. You can click here to go to the transcript of the discussion.
Speaking of knowing the manager, you can click here to go to a Smart Money column that discusses the wonders of Joel Tillinghast. It's good to see people outside of our Fidelity Investor universe who also appreciate Joel's talents. Joel came up in 2nd place in our recent July manager rankings, and we added Low Price Stock to all of our model portfolios the minute that LPS reopened to new investors last December.