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Fidelity Stockpicking Ace Bemoans the Shrinking Stock Pool

  • Tillinghast says fewer public companies a ‘great frustration’
  • Over 25 years his fund has crushed his small-cap benchmark
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Fidelity's Tillinghast Bemoans Shrinking Stock Pool

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Joel Tillinghast, whose Fidelity Low-Priced Stock Fund has dramatically outperformed its benchmark over the past 25 years, said stock picking has become more difficult because there are fewer stocks to choose from.

“The number of public companies has dropped by half, which is a great frustration for me,” Tillinghast said in a Bloomberg Television interview Thursday.