A measure of a good fund manager is that they are able to make money in both good and bad markets, according to Fidelity luminary Anthony Bolton.
Speaking to advisers during this week's Morningstar Investment Conference, Bolton listed 12 key characteristics of a good fund manager, which included: having the right temperament, being organised, being a detailed generalist, having a desire to win, experience, being happy to go against the crowd, and having common sense and integrity. He also stated the importance of having the ability to "see further than the average person" and to be a "lateral thinker" as well as having a flexible conviction. He asserted that stubbornness was dangerous and that a good manager "has to be prepared to...
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