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Summary List Placement

Investment advice isn’t in short supply. Ideas saturate the market. 

But they can often contradict one another — that’s what drives buying and selling, after all. 

So which ones are the best to follow? Some crucial elements for buying into an investment thesis can include: the credibility of the expert with the idea; the fundamentals behind an idea; and consensus around an idea.

We tried to combine these three elements for this story. At Insider, we regularly interview some of the market’s top-performing investors and ask them about their best investing ideas. Much of the time, they offer different perspectives and stock picks. But sometimes their thinking overlaps. 

Below we’ve compiled the four stocks that multiple growth fund managers who rank in at least the top 5% of their peers over the past 1-, 3-, 5-, and/or 10-year periods like for the long-term. 

Each stock is accompanied by quotes on why the managers are bullish. Some comments are months old, but managers who weren’t interviewed within the last few weeks confirmed in recent days that their comments still accurately reflect their views, and provided updates if necessary. 

Zillow (Z)

Brooke de Boutray, a co-portfolio manager of the Zevenbergen Genea Fund (ZVGNX) among others, has beaten 99% of her peers over the last 1-, 3-, and 5-year periods

“It has two powerful tailwinds.

“What I would call the great reshuffling of America: people changing where they want to live because home has become such a center part of your life now. You spend so much time there now not only working and living but also educating your children, where you watch your Netflix. So the home is really the center of everything now. I think that will be a multi-year trend, maybe a multi-decade trend.

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“And in addition to that is the technology that we’re bringing into that whole process of real-estate transactions. So now we’ve been forced to go to virtual open houses, virtual closings — so digitizing the whole process, and Zillow is really at the center of that.”

Ryan Jacob — portfolio manager of the Jacob Internet Fund (JAMFX) — beaten 99% of his peers over the last 10 years.

On Zillow’s iBuying feature, which allows users to make a cash offer for a property online: “They’ve done incredibly well with it. Their margins have outpaced what they initially guided for in this business.”

Jacob also said low interest rates are a tailwind, but that rising rates and a cooling-off of the real estate market could also benefit them with their iBuying feature.

Tesla (TSLA)

Garvin Jabusch, co-portfolio manager of the Shelton Green Alpha Fund (NEXTX), has beaten 97% of his peers over the last year, and 96% over the last 4.

“We definitely are going to keep a meaningful weight on it because again, solving big problems [like climate change]. And then also, its tech lead is just visible. Nobody else is even close in terms of the efficiency of the …read more

Source:: Business Insider


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