This acclaimed wealth manager doesn't see an imminent recession, but is making one surprising investment choice just in case

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Brian Pfeifler of Morgan Stanley says recessions are big opportunities for some companies, and investors shouldn't be too afraid of those downturns.

for almost its entire 10-year run, but one of the top wealth advisers in the country says there's not that much cause for concern.

He doesn't expect one in 2019, and said the long-predicted recession might not come next year, either. That makes recessions a real opportunity for those companies. He says that investors who make stay patient and don't sell at a loss are likely to benefit, so they shouldn't abandon a stock just because a recession drives down its price.

 

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