Sometimes six heads are better than one.
Confidence can play a big part in success. The six research analysts making up the management team of the Davis Opportunity Fund (RPEAX) work within what they call their "circle of confidence." When looking for portfolio ideas, each analyst (who specializes in a couple of different industries) comes to the table with companies he or she knows and believes can make money over the long haul.
"It gives us an advantage," says Chip Tucker, one of the fund's analysts. "I may have only six or seven companies in the portfolio, but they're the ones in which I have the highest convictions and [which] are trading at the most attractive prices."
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