Coronavirus investing, stock-picking strategy from manager Todd Ahlsten - Business Insider

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Todd Ahlsten has dominated the market and his competitors for 2 decades. He lays out the 6 stock-picking decisions that reshaped his portfolio after the coronavirus meltdown.

Todd Ahlsten of Parnassus Investments has run one of the best-performing mutual funds of the last 20 years, succeeding through multiple crises and recessions.

Ahlsten told Business Insider about three big purchases and three sales he made during the downturn as he reacted to the crash and prepared for a recovery.If you were picking a fund manager to rebuild your portfolio after it was demolished by the coronavirus, Todd Ahlsten would have a strong resume to show you.in April 2001, after the dot-com bubble burst and as a recession began.

Ahlsten says he paid around $1,700 for the stock, so it's already returned 38.5% and was the biggest contributor to the fund's performance in the first quarter. But he's not eyeing the exits.Adobe"I think we bought it at 26 times earnings. That was a five-year low on the multiple," he said. "We really found opportunity to buy this company that generates phenomenal free cash flow, over 40% operating margins that can expand. ...

Alphabet stock is up more than 15% in the current quarter, which almost doubles the gain made by the S&P 500.

 

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