Become an InsiderJason Brady, CEO at $41 billion Thornburg Investment Management, believes that the market will experience higher volatility leading into the elections and year-end driven by economic and political uncertainty.
"If you believe there's higher volatility, cash has a very high option value," he told Business Insider in an interview. "You can turn cash into anything but you can't turn anything into cash." While cash is king for investors in a volatile environment, Brady is by no means asking them to sit on the sidelines by maintaining an above-average level of cash in their portfolios. Rather, the idea is perhaps best summarized by one of Warren Buffett's famous quotes: "Be fearful when others are greedy. Be greedy when others are fearful."
"Everybody's fighting the last war, so large-cap money center banks are looking at credit losses. But their consumer balance sheet is very healthy and large banks have a pretty solid loan book," Brady explained. "They've taken provisions but their provisions haven't been that bad and their actual loss history hasn't been as bad."
Brady has also found bargains in the telecom sector, which he believes has benefitted from the COVID-induced work-from-home environment. "It's not cheap at 23 times P/E but it's not more expensive than the market as a whole ... Typically what this company has done is some combination of returning cash to shareholders in the form of dividends and doing buybacks," he said. "And there's clearly great earnings momentum in the context of people investing in their homes."
Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in just 3 days,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Photos: Take a look inside John Legend and Chrissy Teigen's new home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Cheap compared to Jeff Bezos’ house. Or the 1bil$ House in India :3 And on the same day John went on TV to announce that people should move out of America because orange man bad.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Inside Donald Trump's 8 properties, from New York to St. Martin - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Damn I want to be like Trump!! Owns or owes on? Trump 10 yıldır hiç vergi ödemedi
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Investing strategy: Ex-Goldman trader shares stock picks, top ideas - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 👍👍👍
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Stock picks to buy, best global industrial software companies: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
4 questions to ask yourself before you start investing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Smart investor's toolkit: 7 tips for building wealth through investing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fidelity Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in just 3 days,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »