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Dear Dagen: Be Wary of Money Managers' Favorite Picks

 

Fund manager Kevin Landis has a phenomenal track record, but you wouldn't know it from a couple of his recent, very public stock recommendations.

Two bad picks don't necessarily tarnish Landis' excellent reputation. And, of course, the stocks could recover. But these meltdowns illustrate an important point for investors: Don't blindly buy the stocks your favorite manager recommends.

Share your investing and mutual fund questions on the Dear Dagen board
Landis' $1.8 billion (TVFQX Quote)Firsthand Technology Value is the top mutual fund for the five-year period ended Dec. 31 with an average annual return of 58.2%. Last year, the fund was up an astonishing 190%. ...

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