When market values shrink significantly, the opportunities to own quality investments at low prices "comes out of the woodwork". Many portfolio managers (PM) know that that is the time to pick up long-term bargains. But will they do it?
"You need patience, discipline, and an agility to take losses and adversity without going crazy."
- Charlie Munger
Copyright 2017 Mark T. McLaren
mark@marktmclaren.com