A value fund manager who’s beaten 99% of his peers in the last three years explains how he avoids bad investments — and makes the case for 3 stocks he loves heading into 2024

• A top-1% fund manager over the past three years provided insight into his investing strategy.
• Large-cap stocks stand out for offering plenty of cash in a period of high interest rates.
• Here are three quality companies he says are worth investing in now.

Portfolio manager John Bailer has dominated for nearly 20 years without reinventing the wheel.