7Qs: How Karen Firestone beats the market with 35 names — 'Don't fall in love with your stocks'

Firestone started out as an assistant fund manager to Peter Lynch in 1983 on Fidelity's legendary Magellan Fund.

At Aureus, Firestone runs a concentrated equity portfolio with only 35 stocks, which returned more than 30% this year. Wall Street veteran Karen Firestone knows all too well that stock picking isn't as easy as it used to be, but her decades of experience is serving her well.

IF what she were doing was accurate and profitable ... she would do it privately, make her fortune, and then retire; unless she needs a counter-trade to compete and win against; otherwise, she would create a non-profit foundation to teach her trade; all else is advertising

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