Markets in Turmoil: Our Game Plan | Value Investing News

Markets in Turmoil: Our Game Plan

  • You’d think the market was up 10%, not down.
  • We had not been positioning our portfolio for a virus but for a recession; and since this virus will cause a recession, we find ourselves owning a lot of recession-proof “anti-viral” stocks (a lot of them are in healthcare).
  • If you bought stocks six months, a month, and or even a day before March 9th, 2009, Mr. Market would have schooled you: “Don’t buy, just sell.” Just as during bull markets every sell decision stirs subsequent regret, and every buy decision brings instant confirmation of your brilliance.
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