WHALE WATCH:
Joshua K. Spencer has managed his T. Rowe Price Global
Technology Fund to become the best-performing mutual fund in the past five years with big bets on Amazon and Tesla. He is now selling some big winners...
“When sentiment lifts, that is when we usually take money off the table. That is hard to do. It feels bad to sell when stocks do well,” Spencer said.
“I have learned from experience that it is difficult to predict what will drive a stock down, but when things are elevated, it is best to be cautious,” Spencer said.
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