Paul Taylor, Portfolio Manager of the Fidelity Australian Equities Fund, believes investors shouldn’t get too caught up in the 3, 6 or 12-month outlook when evaluating stocks. “You get fads and fashions in that sort of period. You really need to look out 5-10 years.” Taylor says that companies that can show growth or sustainable yield in the current environment are likely to continue to be bid up and in this video he talks about two stocks that fit that bill and are well placed to perform over the long term.