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Morgan Stanley’s Slimmon Warns Against Buying Growth-Stock Dip

  • ‘Once the fever breaks, it lasts a long time,’ manager says
  • When bubble breaks, it’s not V bottom as many look to get out
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Mehra: Rotation from Growth to Value Tech

Investors should avoid the temptation to buy the dips in expensive high-growth stocks because “once the fever breaks, it lasts a long time,” according to Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management.

Slimmon joined the “What Goes Up” podcast to discuss what he’s investing in these days. He also explains how the MSIF U.S. Core Portfolio fund he co-manages beat the S&P 500 with a 36% gain in 2021. Below are the condensed and lightly edited highlights of the conversation. Click here to listen to the full show and subscribe on Apple Podcasts, Spotify or wherever you listen.