The market is turning -- and Andrew Peck is in stocks for the long haul. The portfolio manager for the Baron Asset Fund thinks it might be a mistake to try and play stocks by constant, rapid buying and selling.
Instead, Peck says his fund holds stocks for an average of five years, versus the "typical mutual fund" pattern of six months -- an annual turnover of 18 to 19 percent, versus 100 percent.
Recommendations:
With an eye toward the future, Peck has added three new names to Baron's portfolio.
- Gartner , a independent provider of up-to-the-minute research on the information technology (software, hardware, Internet) industries.
- FactSet , a provider of fundamental financial data on a wide variety of companies
- Lamar , which owns and operates outdoor advertising strustures and space.
