A Simple Strategy for Fidelity Value Strategies

Matt Friedman's sound and disciplined stock-picking approach has produced solid results for this fund.

Matt Friedman keeps it simple.

Friedman, who has been running Fidelity Value Strategies since July 2006, works with a list of about 2,000 stocks. For every stock, there is a price (shown in green) at which Friedman is a buyer and a price (shown in red) at which he is a seller. If a stock in Friedman's universe approaches the green target, he starts to accumulate shares. If a stock he holds approaches the red target, he starts to sell.

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Manuel Schiffres
Executive Editor, Kiplinger's Personal Finance