Will Danoff
The Operator
Execution, delivery and performance, gets the hard thing done.
Will Danoff reads as The Operator through disciplined, process-driven execution refined across decades at the helm of Fidelity Contrafund. His poker analogy for incremental position-building reveals a methodology of accumulating evidence rather than placing bold macro bets.
“You know, the stock answer Barry is that it... I feel like I can add value, and as long as I feel I can add value, I'm going to continue to run Contrafund. As I said, Fidelity is a wonderful place to manage money. We're hiring new analysts, young analysts all the time every year.”
“Conv Exactly. So again, by attending meetings, by paying attention, you know, listen, your readers can listen to podcasts. They can listen to YouTube interviews, which I would highly recommend they do. They can read the papers. They can pay attention. They can watch what their kids are doing. They watch what their friends are doing.”
“I'm much more of an advocate of sort of the poker game approach. I think it's hard to say XYZ is going to be a buy and hold for 10 years, but and this is the greatest thing since sliced bread and therefore we're all in. Some investors can do that. I think over 30 years you make a lot of mistakes. You accept your mistakes.”
“Have they grown their revenues? Have they improved their margins? Have they expanded into new markets? And then try to understand what management wants to do in the next five years and try to decide what you think the likelihood of that management team to execute on their plan.”
Masters in Business: “Will Danoff on Innovation and Investments (Podcast)”
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