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The Fund Manager

Cheap doesn’t always mean value

Cheap doesn’t always mean value

In a recent LinkedIn discussion, I quoted the classic Howard Marks line: “There’s no asset so good that it can’t be overpriced and become a bad investment, and there are very few assets that are so bad they can’t be under priced and become a good investment It’s a brilliant line—sharp, insightful,...

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LATEST ARTICLES

The Economist

In Au of Gold

In Au of Gold

Ask its bulls why they are evangelically in Au of gold, and you will never be short of reasons for being long. They point to it being a class insurance against dollar weakness;...

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