Tag: episode_1705

CRISIS INVESTING WITH VETERAN PORTFOLIO MANAGER, HERSH COHEN

We are in a rolling economic crisis right now, subject to the vagaries of the advance or retreat of the COVID-19 virus.  It is an ever-changing scenario with stark winners and losers.
 
The economy contracted at an annualized rate of 32.9% in the second quarter, the sharpest decline in the 70 plus years of GDP tracking.
 
After several weeks of improvement, jobless claims for first-time unemployment benefits rose for the second week in a row. 17 million Americans are now collecting unemployment benefits.
 
So far, the markets have been betting on COVID’s retreat and global economic recovery with big tech leading the way.
 
How to handle these extremes as investors?
 
As we have so many times in the past, on this week’s WEALTHTRACK we are calling upon a veteran investor to give us perspective and investment advice.
 
We’ll hear from great investor Hersh Cohen, Co-Chief Investment Officer of Clearbridge Investments. With more than 50 years of managing money under his belt, Cohen edged out the S&P 500 with much less risk and volatility than the market.