No decent money manager would go into battle without a strategy, but sometimes active portfolio management calls for flexibility. Being able to toss aside an investment playbook to seize a one-off opportunity can bring success.
Airbus’s shares have risen in the wake of the 737 Max investigation, but Mr. Murray sees the stock as a good long-term investment.Ferdinand Ostrop/The Associated Press In addition to falling stock prices, forestry companies have suffered dividend cuts and bankruptcies. But Mr. Bushell says advances in technology are leading to a resurgence.Western Forest Products Inc. fits the bill for Ryan Bushell, who considers himself a conservative investor., a supplier of large stock lumber for niche housing that manages to pay out a 4.7 per cent annual dividend yield despite losing almost 40 per cent of its stock value over the past year.