#47: David Hay On Balancing Risk Management With Timely Opportunism
Superinvestors and the Art of Worldly Wisdom
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The Paradigm Shift in the Stock Market
We're definitely overweight, as you probably tell, resource based securities. A lot of energy tends to be high cash flow energy. It's one of the few places on the planet where you can get a 6%, 7% type of yield with upside. We do like the miners very much. I think people are really getting crushed by having too much exposure to the US dollar and in US dollar based bonds.
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