How to pick stocks

by Fred W. Frailey

Fred Frailey, deputy editor of Kiplinger's Personal Finance Magazine, takes you behind the numbers in this series of insightful interviews with leading mutual fund managers. How to Pick Stocks provides an inside view of how these managers decide what stocks to buy. These probing interviews offer a unique opportunity to see into the minds and methods of today's most successful mutual fund strategists. And getting familiar with each manager's personal style with help you. Refine your own investing style. Like you, the pros make decisions of what and when to buy and sell. But while our decisions are often based on tips from friends or newspaper accounts of sudden rises or declines in company stock prices, Frailey shows that the best fund managers are more disciplined. They develop and follow an investing strategy, and, when the market calls for it, adjust their tactics while sticking to their strategies.