"It's Opportunity Time"
William Fries, portfolio manager and managing director of Thornburg Value Fund, was one of nine winners of the recent Standard & Poor's/BusinessWeek Best Mutual Fund Managers of the Year award. The fund scored a 5.9% average annual return over the past five years, which includes the tech boom and bust. Fries attributes his success in weathering that storm to the fund's strict discipline of selling when a stock reaches the target price it has set.
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