Sam Stewart on how portfolio managers are pressured to own hot stocks

There's definitely pressure generated from two places.  One is the benchmark you're trying to keep up with, the other comes from investors.  If your failure to own Wirecard or Valeant has caused you to lag behind the index, you'll hear, "What, are you guys idiots?  These are companies that are working."

~ Sam Stewart, co-manager of Seven Canyons World Innovators Fund, "Why Don't More Fund Managers Detect Corporate Fraud?," Barron's, September 5, 2020