Too Far, Too Fast?

Q: The fact that GE is a top fund holding partly answers this question: Do you like GE? Can you amplify?

A: It's really a cornerstone of our six-sigma approach to investing in this fund. [New CEO Jeffrey Immelt] is now steering GE in the right area. They're now exiting businesses that they can't be No. 1 or 2 in, and investing in businesses that make strategic sense in the long run. Don't forget, as goes GE, so goes the economy. If the economy doesn't turn, GE will not turn.

Race, Class, and the Future of Ferguson

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