Top-Performing Fund Manager Explains ‘Where Money Goes to Die’

(Bloomberg) --

Randy Dishmon doesn't care much for investment strategies based on lumping stocks into boxes with labels like growth and . The manager of the Invesco Global Focus Fund, which has returned 46% this year and consistently ranks in the top 1% of similar funds, joins the latest “What Goes Up” podcast to discuss how he approaches investing and the recent rotation in equities.  

Some highlights of the conversation:

“I remember stepping up in front of a roomful of people 12, 13 years ago when I first launched the fund and I put those boxes up and I said, ‘this is where money goes to die.’ And I stand by what I said 13 years ago: The world doesn't work that way. And allocating that way has never made any sense to me. It's a great way to own too much, and to lock in underperformance.”

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