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By Martin ROMO, Equity portfolio manager, Capital Group Jim FULLERTON, chairman of Capital Group from 1971 to 1982
The last time it felt this way was during the Great Recession. I remember the day in August 2008 when I shared with my colleagues a classic speech from former Capital Group Chairman Jim Fullerton. This speech, delivered in November 1974 amid a prolonged bear market, provided us with much-needed historical perspective and a dose of optimism when it was in short supply.
The "Fullerton letter" as it has come to be known within Capital Group, has been recirculated among our investment team at least four times in my career. My colleague Claudia Huntington, a veteran equity portfolio manager, shared it in 1987, saying, "I have...
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