Yet Another Value Podcast Random Ramblings March 2025: the market sell off, relationships with management teams, corp gov
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Mar 21, 2025 The discussion kicks off with a deep dive into the current market sell-off, spotlighting the unique opportunities it presents. Navigating investor-management relationships poses both challenges and rewards; maintaining objectivity is key. Corporate governance takes center stage, emphasizing its critical role in shaping firm performance. The speaker shares personal anecdotes about relocating from New York while exploring undervalued investments globally. Insights into the benefits of living in Asia for understanding emerging markets round out the lively conversation.
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Staying Calm During Market Sell-Offs
- Remain calm during market downturns and avoid emotional decisions like selling all your stocks.
- Stay the course with your investment strategy, considering dollar-cost averaging and avoiding going all-in on cash.
Dislocation in Small-Cap Stocks
- Market indices like the S&P 500 and Russell 2000 may not fully reflect the extent of the market downturn.
- Smaller companies, in particular, have experienced significant drops not captured by the indices.
Portfolio Rebalancing During Dislocation
- Evaluate your portfolio dispassionately during market turmoil, considering if current holdings are still the best opportunities.
- Be open to swapping into more dislocated stocks within your circle of competence, considering factors like taxes and trading costs.