How we build conviction in management

Paul Taylor, Portfolio Manager of the Fidelity Australian Equities Fund, says that he builds conviction in company management over time. Taylor listens intently to what management teams promise and then tracks them to establish if they are delivering on their plans. “Have they delivered on what they said they were going to deliver on? Are they doing what they said they were going to do? They could be saying one thing, but their actions could be telling you a completely different thing. What someone says and how they act, you’ve got to make sure they’re in alignment.” Watch the full video to get a deeper understanding into how Taylor picks stocks and evaluates management teams.