Leading global fund manager Matthew McLennan discusses the multiple risks facing “complacent” markets and his strategies to navigate them at First Eagle.
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MATTHEW McLENNAN
- Co-Head of Global Value Team, First Eagle Investments
- Portfolio Manager, First Eagle Global Fund
- Co-Portfolio Manager, First Eagle Overseas Fund
ACTION POINT
ADD SOME BUFFERS TO YOUR PORTFOLIO
- Portfolio buffers to steady them in rocky markets:
- Gold is McLennan’s portfolio “ballast.”
- Cash & equivalents are Fairholme Fund’s Bruce Berkowitz’ “financial valium” to stabilize portfolio and himself in challenging times.
- Short-term high quality corporate bonds & commercial paper were FPA New Income Fund’s Tom Atteberry’s choice.
BOOKSHELF
ONE INVESTMENT
INDIRECT CHINA EXPOSURE
McLENNAN: BUY PROSUS
STOCK MENTIONS
- Meta Platforms Inc Class A (META)
- Oracle Corp. (ORCL)
- Fanuc Corp ADR (FANUY)
- Ambev SA ADR (ABEV)
- Prosus N.V. Class N (PROSF)
- Exxon Mobil Corp. (XOM)
- Analog Devices, Inc. (ADI)
FROM THE ARCHIVE
Matthew McLennan from the WEALTHTRACK Archives:
WEB EXTRA
THE GEOGRAPHICAL PIVOT OF HISTORY
“History doesn’t repeat itself, but it often rhymes,” according to Mark Twain. History buff Matthew McLennan recommends we read a 1904 essay by geologist Sir Halford John Mackinder to understand the geopolitical significance of the growing alliance between Russia and China.
