29-04-2025
Madison's Haruki Toyama on Moat Investing: Inside Active
Earnings expectations have shifted from the start of the year when analysts were forecasting 13% growth for large cap stocks and are now predicting nine. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst with Bloomberg Intelligence, along with co-host Gina Martin Adams, Chief Equity Strategist at Bloomberg Intelligence, spoke with Haruki Toyama, Head of Mid Cap & Large Cap Equity at Madison Funds and a portfolio manager for their Large Cap Fund (MNVAX) and Mid Cap Fund (MERAX). They discussed viewing investments as ownership stakes and why the quality of business and its moat are crucial for long-term investments. They also spoke about the critical role of management teams in driving company success and why market downturns can create opportunities for resilient companies. Podcast recorded on April 7th.
