He thinks investors are using the rearview mirror today.
Investors are buying bonds which have performed well over the past decade but have a mathematical impossibility of doing so going forward. Meanwhile investors are avoiding large cap stocks which have returned zero over the last decade but are cheaper than they have been since the fifties.
H/T: Canadian Value
Voss Capital is long Nintendo, Avid and Extreme Networks despite “Software bubble”
Voss Capital's Voss Value Fund was up 19.91% for the third quarter, while the firm's Voss Value Offshore Fund was up 19.88%. Both funds are now in the green for this year after erasing the damage that was done in March. Year to date, the Voss Value Fund is up 2.41%, while the Voss Value Read More