Stock Pickers Miss Out on Record Gains

The video discusses the current market conditions that favor stock pickers due to increased dispersion and rotation. It highlights the challenges faced by large cap managers who have stuck to old habits, particularly in tech stocks, and how this has affected their performance. The video analyzes the performance of core managers, noting that only a small percentage beat the Russell 1000. A case study of the Fidelity Disciplined Equity Fund is presented, showing its high percentile ranking despite a tech-heavy portfolio. The video concludes by questioning whether managers will adjust their strategies to focus more on value stocks in the future.

How did the Fidelity Disciplined Equity Fund perform compared to its peers?

What question is raised about the future actions of large cap managers?