Don’t Sell Just to Buy Portofolios Should Consist of More than Equities

Maintain Buying Power in the Midst of a Crisis

Every couple of years there’s a crisis, in one industry or across markets. We think it’s very important to have buying power going into something like that, which we always have either through holding cash or having significant borrowing power. Without the ability to buy in the middle of a crisis, you’ll suffer the volatility of it but won’t be able to buy the cheap assets that result from it.
Tags: cash, buying, crisis