Making money by losing less is how legendary small-cap value manager Charlie Dreifus has succeeded for over 50 years of investing. It’s even more important now as he expects more economic and market pain ahead.
WEALTHTRACK Episode #1905 broadcast on July 29, 2022
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CHARLES DREIFUS
- Lead Portfolio Manager,
- Royce Small-Cap Special Equity Fund
ACTION POINT
DON’T FIGHT THE FED
- In current market means reducing exposure to stocks and other risk assets
- Fed now hiking interest rates & withdrawing liquidity from the financial system
- Former winners now laggards:
- High multiple growth stocks
- Special Purpose Acquisition companies (SPACS)
- High yield bonds
- Cryptocurrencies
- Private equity funds
- Hedge funds
ONE INVESTMENT
CONTRARIAN DIVIDEND GROWERS
Buy: Wisdom Tree International Quality Dividend Growth Fund (IQDG)
STOCKS
Movado Group, Inc. (MOV)
Roche Holding AG ADR (RHHBY)
LVMH Moet Hennessy Louis Vuitton SA ADR (LVMUY)
ARCHIVE
Charles Dreifus from the WEALTHTRACK archives:
WEB EXTRA
TIMELESS INVESTMENT WISDOM
Legendary small-cap value manager Charlie Dreifus shares some invaluable investment advice he received from mentors early in his career.
