Value Investing with Legends cover image

Bill Nygren - Fundamental Investing From A Generalist’s Perspective

Value Investing with Legends

CHAPTER

Taking Advantage of Foresells

We don't try to market time at all. If you put me in front of a roulette table that had 24 reds and 12 blacks on it instead of 18 of each, I'm not going to spend any time trying to guess which time the black is going to come up. We're fully invested. It's an open-end fund. We have to be prepared for unanticipated redemptions. Defensively, I want to have a couple percent in cash. Then I think it's equally important offensively to have cash because some of the best opportunities come along when you can take advantage of foresellers.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner