The equity chief at one of Wall Street's biggest firms shares his best piece of investing advice

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May 10, 2017 11:26 AM

Wells Fargo Funds chief equity strategist John Manley discusses the most important advice he has for anyone starting a career in equity fund management.

To John Manley, there's nothing more important for an investor than knowing when to cut losses and move on.

Now the chief equity strategist at Wells Fargo Funds Management, where he helps oversee about $230 billion, Manley acknowledges he learned this lesson the hard way during the dot-com bubble.

In an interview with Business Insider, the Wells Fargo equity kingpin spoke about the low-volatility environment, stock valuations, postelection share moves, and the future of the bull market. He also discussed his most important advice for anyone starting a career in equity fund management.

Here's what Manley had to say (emphasis ours):

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