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From Barron's 8-6-07:

"Bob Doll has learned that when it comes to playing classical music on a piano or picking stocks, you have got to learn from your mistakes.

When the tempo of the stock market reaches a fevered pitch, Doll, the global chief investment officer for equities at asset manager BlackRock, turns to his piano to bang out tunes of Bach, Beethoven and Tchaikovsky.

"For both music and portfolio management, you need discipline and you need to be rigorous about what you do," says Doll.

While Barron's Online has not heard Doll tickle the ivories, his investment strategy has belted out some nice tunes for the three large-capitalization portfolios he manages.

The Large Cap Growth Fund (ticker: MDLHX) has gained 22.5% over the past year, the Large Cap Core Fund (MDLRX) has gained 17%, and the Large Cap Value Fund (MDLVX) has gained 15.4%. BlackRock had more than $1.1 trillion under management as of May 31.

Doll says that it is a good time to buy stocks given the recent market correction. We had a target coming into the year of the Standard & Poor's 500 at 1550. Less than two weeks ago, we got there and we did not revise the target. Now we have had a selloff, and so we've got to go up 5% or 6% to get there. The lead candidate for us, therefore, is technology, with secondary emphasis on energy, material and selected industrial names. Secondly, our home economy is growing below trend and as a result of that you want some higher quality, higher predictability in the portfolio, and that takes us to places like health care, primarily the offset to technology if you will."

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