Fidelity’s $230 billion man explains why he dumped Tesla shares but still bets big on

[NewsFeeder]

Fidelity’s $230 billion man explains why he dumped Tesla shares but still bets big on Warren Buffett

Will Danoff manages $230 billion for Fidelity, with more than half of that in the massive Contrafund, which has obliterated the S&P 500 this year with a whopping 21% return. He talked with Bloomberg News about his investments in Tesla and Berkshire Hathaway.

https://finance.yahoo.com/m/d4b1fb6...d0/fidelity’s-$230-billion-man.html?.tsrc=rss

 

[Bullitt]

We had Contrafund in an IRA but moved completely to index funds in July as they were finally offered by the provider.

It was tempting to stay in Contrafund since it really has done great against the S&P 500, but I had to remind myself that past performance is not indicative to future returns.