Joel Tillinghast: How Can Investors Avoid Big Mistakes?


Investors are tempted daily with misinformation. They make lucky bets that breed false confidence, and their high-stakes gambles can take an emotional toll. How can anyone stay focused in such a volatile profession?

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In "Big Money Thinks Small," veteran fund manager Joel Tillinghast urges investors to act cautiously and follow five primary steps to successful investing. Through sensible instruction, Tillinghast teaches readers how to ask the right questions in any investing situation and think objectively and generatively about portfolio management.

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tail risk fundsEditor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on over a month of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and some will be released at a Read More

About the Author

Joel Tillinghast is a portfolio manager at Fidelity Management & Research Company (FMRCo), one of the largest investment advisers in the world. In his role, Joel is the lead manager for Fidelity Low-Priced Stock Fund. He also manages Fidelity Series Intrinsic Opportunities Fund, as well as portfolios available exclusively to Canadian investors. Prior to assuming his current role in December 1989, Joel worked as an analyst covering Coal, Personal Care, Appliances, Natural Gas and Tobacco at FMRCo. Before joining Fidelity in 1986, he held various other positions, including that of director of research and strategy at Bank of America Futures, research economist at Drexel Burnham Lambert and analyst at Value Line Investment Survey.

About the Museum

The Museum of American Finance is the nation’s only independent museum dedicated to preserving, exhibiting and teaching about American finance and financial history. Housed in an historic bank building on Wall Street, the Museum’s magnificent grand mezzanine banking hall provides an ideal setting for permanent exhibits on the financial markets, money, banking, entrepreneurship and Alexander Hamilton.

The Museum is an independent, non-profit 501(c)(3) Smithsonian affiliate creating non-ideological presentations and programs for purposes of education and general public awareness. Financial education is at the core of the Museum’s mission, seeking to promote lifelong learning and inquiry.

As a chronicler of American financial achievement and development, the Museum seeks to play a special role as a guardian of America’s collective financial memory, as well as a presenter and interpreter of current financial issues, thereby connecting the past with the present while serving as a guide for the future.

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