At a recent investor conference at which I spoke, a poll was taken of the portfolio managers in attendance. The idea behind the survey was to develop a sense of the shares these managers held most commonly. Not surprisingly, the equity holdings accented blue-chip companies; as in a conservative (in the non-ideological sense) bent among the managers.
Apple was the most heavily owned stock, while Johnson & Johnson, Alphabet, J.P. Morgan and others like it weren't too far behind. “Wealth preservation” would probably be the best way to describe the investing style employed by the investors at the conference. And there's nothing wrong with that.
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