It’s a dangerous and uncertain time for investors, but there are still good companies to be bought at good prices. Here’s where some of Australia’s top fund managers are hunting.
James Aitken, the highly respected adviser to some of the world’s biggest investors, has a saying that could not be more appropriate in these difficult times: we all want to be Warren Buffett, until a Warren Buffett moment arrives.
Aitken’s point is that while the wisdom of Buffett is often spouted by investors – be greedy when others are fearful; the sharemarket is a device to transfer money from the impatient to the patient – when moments of crisis arrive, many investors panic and freeze.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
