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Supply chain uncertainty? Debt rising? Fed tightening? China slowing? Geo-political crises? Currency crises? Underfunded liabilities? Too much liquidity? Steep valuations? Political crises? Too much to resolve? Market shuddering just might make sense!
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. In 1987, he was named America's Best Income Investor by Money Magazine. Eric Kobren, former publisher of Fidelity Insight, has said Mr. Johnstone ranks a close second to Peter Lynch as Fidelity's best all-time fund manager.
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