Fidelity’s go-go origins

Fidelity Mutual Fund advertises the fact that it has a very cerebral research-based approach. Its advertisements advise you to stay invested through ups and downs and not time the market. But what is the origin of Fidelity and how straight-laced was it in the initial years?

Fidelity’s website claims that when Edward C. Johnson II became the president and director of a small, Boston-based...

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