Jim Tierney's sole mandate is to make money while stocks are going haywire. Here's his best advice for profiting during market crashes.

The $522 million AB Concentrated Growth Fund managed by Jim Tierney is in the 92nd percentile versus its peers over the past year, according to Bloomberg.

Avoiding emotional mistakes is essential to surviving as an institutional investor tasked with growing other people's money. It's even more crucial when investors like Tierney said his goal is not to hunt for companies that benefit from broader market upswings. His clients specifically buy his fund to profit from stocks that can grow no matter the macro environment, so any deviation from that mandate would come off as a change of mission. Also, he tries to avoid the trap of trendy stocks that do well in good times but crumble when market conditions change.

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