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Stock Strategist

Reading Between the Lines at the Morningstar Conference

Even great fund managers don't always do as they say.

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This year's Morningstar Investment Conference was held, as always, here in Chicago, and I have to tell you it was one of the best ever. While I wasn't able to catch everything, I did make it to panel discussions featuring value investing superstars Mario Gabelli, John Rogers, Mason Hawkins, Chris Browne, and Marty Whitman. And I caught a fascinating keynote speech by Bill Miller.

I always learn something from hearing successful investors speak, and this year was no different. That said, I noted a few, er, inconsistencies during the various rounds of seminars and speeches. In general, these were of the "do as I say, not as I do" variety. Here are some of them.

Mark Sellers does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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