Barry Ritholtz, Columnist

What It Takes to Beat the S&P 500 Over 30 Years

Fidelity’s Will Danoff, who manages the Contrafund, gives some insight into his remarkable track record.

September 14, 2020 at 5:30 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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Will Danoff is an outlier. He is the sole manager of Fidelity Investments’ storied Contrafund, a $139 billion large-cap growth fund. No one else in the country runs a fund that big by themselves. What’s more impressive is that the Contrafund has outperformed the S&P 500 Index 100% of the time in rolling 10-year time periods since Danoff took the helm three decades ago. The fund’s returns beat the market by an average of 3.21 percentage points per year over that time.

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