Updated August 6, 2021 / Original August 4, 2021
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Peter Lynch popularized the dictum “Invest successful what you know” arsenic the legendary manager of the Fidelity Magellan fund. Three decades later, Sonu Kalra has his ain rotation connected the concept: Invest successful companies whose products oregon services customers can’t unrecorded without.
“I often ask, ‘If a institution were to vanish today, however overmuch would I miss it?’ ” says Kalra, who started arsenic an expert astatine Fidelity successful 1998 and successful 2009 took the helm of the $57 cardinal Fidelity Blue Chip Growth money (ticker: FBGRX). The money is up 20.8% a twelvemonth implicit the...