Investors should have a long-range plan and buy stocks rather than bonds, Oakmark Fund portfolio manager Bill Nygren told CNBC Thursday.
“The best idea for 2012 is for investors to increase their equity exposure and decrease their bond exposure. We think stocks are cheap. We thought that a year ago.”
Nygren said that a lot of stocks have “very, very attractive valuations,” with more cash on company balance sheets and better returns than bonds.
Sabrepoint Capital Is Shorting SPACs For 2021
Sabrepoint Capital Partners was up 16.18% for the fourth quarter, bringing its full-year return to 27.49% for 2020. The S&P 500 Total Return Index gained 17.4% during the year. The fund with $300 million in assets under management reports that its long positions contributed 55.2% to its 2020 return, while its shorts subtracted 16.7%. Q4 Read More
He also said investors should look beyond next week or next month but look at “five years from now.
H/T Canadian Value