The Tortoise and the Hare: Fund Manager Edition

Fidelity manager Danoff’s slow and steady approach is winning
Illustration by Rupert Smissen; Photographs by Bloomberg

Ken Heebner and William Danoff are fund managers with radically different investing styles. As manager of Fidelity Contrafund, Danoff meets with executives from as many as 1,000 companies a year, jots down tickers in a tattered old notebook to identify what he calls “best of breed” companies, and spreads his investments across a range of industries from tech to restaurants. Heebner considers himself a trend spotter as well as a stock picker, concentrating his holdings in industries he thinks are poised to boom.

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