Investing Strategy, Tips to Success: Top-8% Managers of Historic Fund
- The Vanguard Wellington Fund, formed before the Great Depression, is still thriving.
- Its portfolio managers shared how they’ve crushed the competition in recent years.
- Here’s how the team picks stocks — and while they’re still big believers in bonds.
Having a healthy respect for history doesn’t necessarily mean living in the past. Nor does it mean driving a car by only looking through the rearview mirror.
Managers of the Vanguard Wellington Fund (VWELX), one of the world’s oldest mutual funds, know the difference. That helps them do their jobs in reverence, but not deference.
Loren Moran and Daniel Pozen are, metaphorically, standing on the shoulders of giants. They’re entrusted with…
