How has this $25 billion fund beaten the S&P 500? Patience — and preparing for ‘the next big thing’

If you consider yourself a long-term investor, then the past few years have provided you with a lesson on how important it is to be patient.

Matt Moberg co-manages the $25 billion Franklin DynaTech Fund with Rupert H. Johnson Jr., who serves as the vice chair of Franklin Resources and helped found the fund in 1968.

“You have to be a long-term…