MI130: Are Emerging Markets Undervalued? w/ James Fletcher
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Holding Cash Will Generate Extra Returns
There's an argument to have some cash so you're ready with dry powder when a market opportunity arises. But it won't be more than five, ten % cash in our portfolio because our clients expect us to be fully allocated. And incidentally, i'm terrible at predicting market cycles. You can see great businesses over the long run and great long term trends, but if you ask me what the stock market will do in six months, an or 12 months, i'm terribly wrong.
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