posted by mark
on Wed, 02/21/2018 - 14:34
Article Link:
Now here is a leader really "worth his salt"! His outlook, strategies, and beliefs clearly resonate with me.
- Promoter of low fees, passive investment and shareholder activism.
- Believes the US market is priced for perfection and is easing off the US "equity accelerator" to protect against downside risk.
- Moved portfolio weighting to equity positions outside of the US.
- Increased their allocation to cash
- Cautious in the short term, because it is harder to recover as "you get older"
- Long term investor He turned in a great return in the last year even given the constraints he has above.
Best of all, his success proves that the ivy slant of many organizations is nothing more than another unfounded behavioral bias!
