There has been much talk in recent years about disruption and trying to pick companies that will disrupt their industries. The debate continued at the Morningstar Investment Conference as Bill Nygren of Oakmark Funds faced off with Morgan Stanley’s Dennis Lynch.
Q2 2021 hedge fund letters, conferences and more
Persistence
Morningstar’s Katie Reichart moderated the discussion, kicking it off with a question about how they figure out whether something is a fad or a long-term secular change. Lynch said persistence is the key when it comes to determining if something will be just a fad.
“I think you want to wait some period of time before you get...
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