Creating the Future Takes Time
Recently, Jennison’s Owuraka Koney, CFA sat down with Bloomberg to discuss Jennison’s early investment in electric-vehicle maker Tesla and the importance of maintaining a long-term mindset.
Evaluating an early-stage company’s fundamental prospects requires a deep understanding of competitive advantages and the secular trends in that company’s industry. Usually, these competitive advantages and secular trends take a long time to develop and become entrenched, which makes a long-term mindset essential. This philosophy is exemplified in Bloomberg TV’s feature highlighting Owuraka Koney, CFA and Jennison’s early investment in Tesla.
Rooted in a disciplined investment process, Jennison’s investment culture demands the intellectual honesty and rigor needed to identify opportunities across changing market conditions and secular trends. As investors in business enterprises, Jennison focuses on trying to understand the strength and duration of the long-term growth drivers for each company the portfolio holds. Accordingly, the investment team is willing to accept short-term stock price volatility in exchange for the potential to create significant growth over time.