Morningstar kicked off its 2007 Investment Conference June 27 in a new venue, Chicago's McCormick Place, and with a timely keynote speaker, Morningstar's 2006 Fixed Income Manager of the Year Jeffrey Gundlach, who is CIO of TCW Investment Management.
Morningstar managing director Don Phillips introduced Gundlach as "a gifted navigator of the bond market," and noted how apropos it is that the "conference both starts and ends with fixed income," this year, given the way the bond markets have been roiled by fallout from the sub-prime mortgage and junk bond leveraged buy-out debacle.
Gundlach set the tone for the three-day conference with a metaphor that compares using the guidance one gets from the GPS systems available on many new cars, to the guidance financial planners provide to clients, adding that he is comforted when the navigation system's voice tells him "you have arrived at your destination."
