Portfolio managers from around the country are pouring in to Chicago in an annual summer pilgrimage to the Morningstar Investment Conference, where those on a quest for alpha can slake their thirst in hearing the views of the mighty and the yet undiscovered.
Will housing and homebuilders, industrials or consumer discretionary be the next big thing? Or should sectors be eschewed in favor of individual stocks, each on their merits?
Even alpha-seekers will likely appreciate the opportunity to hear beta-finder John Bogle (left), paragon of passivity, or an indexing approach to investing.
Bogle is one of five keynote speakers spaced through the Wednesday through Friday gathering at McCormick Place.
Though dispensing stock tips is not Bogle’s thing, the 84-year-old retired Vanguard founder and author of 10 books, can usually be relied on for sagacious commentary on the financial services industry and investing.
But the opening keynote will certainly give stock hunters their first smell of the hunt. Michael Mauboussin of Credit Suisse, a managing director but formerly a research analyst, appeared for many years on both the Wall Street Journal’s and Institutional Investor’s lists of the best analysts. One of his books is titled More Than You Know: Finding Financial Wisdom in Unconventional Places, and that is likely to be of greatest interest to this audience.