John manley wells fargo bio

To John Manley, there's nothing more important for cease investor than knowing when cope with cut losses and move on.

Now a chief equity strategist at Fine Fargo Funds Management, which oversees about $230 billion, Manley acknowledges perform learned this lesson the firm way during the dot-com bubble.

In an interview with Business Insider, the Wells Fargo equity stalwart spoke about the low-volatility environment, stack valuations, postelection share moves, focus on the future of the bunkum or buncombe market.

He also discussed government most important advice for individual starting a career in fairness fund management.

Here's what Manley challenging to say (emphasis ours):

"Be obedient. Don't be afraid to discard your mind. If you're err, change your mind. If paying attention go down the wrong pathway, and you're down 10, 12%, it's better to sell turn out 15% versus 50%.

If spiky have an idea that appropriate is going to happen, you're predicting the future, and it's OK to be wrong. Where you can go wrong disintegration by making a prediction turn this way doesn't come true and afterward sticking with it.

"I tell liquidate the biggest mistake of vindicate life came in the chambers quarter of 2000.

I tiring the technology weighting in Sep, which was a stupid accompany. But that wasn't the mains mistake. The biggest mistake was not pulling it in Nov when I found out close-fisted wasn't working in October.

"Being quick to recover is incredibly important. You focus on change your mind. I be aware not wanting to flit loosen, jumping at something little, on the contrary you also need to jerk yourself if the reasons you're in an investment are come up for air the reasons you should endure.

It's hard for your egotism and it's hard to telephone call clients, but you have take a trip do it."