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The US economy is slow. Debt capacity is disappearing. The market's been slow. US monetary stimulus is slower. US interest rates are set to rise. The energy sector is slow. Entitlement reform is slow. Political outcomes are slow to materialize. US corporate profit growth is slow. China is SLOW. Developed country growth is slow. Developing country growth is slow. Geopolitical outlook…yikes. P/E expansion to slow? Optimism amidst all the sluggishness? Why? Come to this session to find out!
Bruce Johnstone
Fidelity Investments,
Managing Director
Between degrees from Harvard College and Harvard Business School, Bruce Johnstone served two years in the US Navy as an officer on a destroyer and joined Fidelity Investments in 1966. From 1972-1990, he managed the Fidelity equity-income fund. During that period, the fund achieved a return of over 1100%, nearly twice that of the S&P 500. This return ranked Mr. Johnstone as the #1 equity-income fund manager in the nation for the 19-year period.
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