Small Cap value investor, Charlie Dreifus on why value has been badly lagging growth.
WEALTHTRACK Episode #1507; Originally Broadcast on August 03, 2018
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CHARLIE DREIFUS
- Lead Portfolio Manager,
- Royce Special Equity Fund
Newsletter available soon.
DE-RISK AT LEAST A PORTION OF YOUR PORTFOLIO
- Review your portfolio
- Faster growing but lesser quality stocks are usually more vulnerable in a market correction
- Bond issues graded less than investment grade can be as volatile as stocks
- De-risking can hurt performance in bull markets but can cushion losses in bear markets
No Bookshelf titles this week.
TIME TO DE-RISK
Buy a balanced fund with equities & high-quality bonds
Vanguard Wellesley Income (VWINX)
Price: $26.38
52-week range: $25.79 – $27.36
Cooper Tire & Rubber Co (CTB)
CTB data by YCharts
Winnebago Industries Inc (WGO)
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Charlie Dreifus from the WEALTHTRACK Archives:
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PRINCIPLED ACCOUNTING
Royce Special Equity Fund’s legendary value manager Charlie Dreifus is known for his deep dive accounting, going through company finances with a fine tooth comb to identify financial weaknesses and strengths. It’s a skill and passion he learned from his mentor, award-winning accounting professor Abraham “Abe” Briloff, a renowned forensic accountant known for exposing accounting chicanery in columns for Barron’s. Dreifus is determined to keep the Briloff legacy alive.
