If you have a truly long-term perspective and you convince everyone of it and you are right, the results can be spectacular. The folks at Franklin Mutual Series have that perspective and it is putting many of their funds in the top performance bracket as the second half of the year begins.
How do they get such great performance? I think some of it is massive conviction in their work. Take
, which is at its 52-week high and has been outperforming all year. A year and a half ago, when JCP couldn't give their stock away, the folks at Franklin Mutual Series were raving to me that this was the stock to go long. When the stock got hit short-term, I went back to their well and said, "What do you do now?" They said, "Buy more, that's what we are doing." When it got hit again, they bought even more and didn't mind telling me.
Of course, if you bought JCP when you heard a Mutual Series guy talk positively about it, you probably sold it when the stock hit single digits. Not Mutual. It bought more. That's something that pros like Mutual know how to do. It is something that amateurs don't know how to do.
If you are like me, you are looking right now at the statements that you got from your mutual funds for the first half. If they were down 20% to 25% -- or more -- and you are thinking "What the heck is the alternative?" -- maybe you should check out Franklin Mutual Series. Their conviction, combined with constant fact-checking, is yielding great results in this market.
Don't miss out on the opportunity to meet Jim Cramer this August! Cramer will deliver his fall forecast and investing strategy during a three-hour event at the American Conference Centers in New York, Monday, Aug. 6. He'll identify hot stocks and tell you what to keep away from. You can sign up here or call us at 800-562-9571 between 8 a.m. and 6 p.m. EDT.
James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to