Emerging market stocks may have elevated risks, but they are far cheaper than U.S. shares making them worth the investment, said Charles Brandes, Chairman of Brandes Investment Partners. Brandes added that Russian stocks are the most inexpensive of the bunch due to the collapse in oil and the Ukraine crisis, yet they are still worth a small position because they are so cheap. The well-known value investor said the worst of the volatility in U.S. markets is likely over and he is most bullish on bank stocks due to their low valuations, and ‘old technology’ stocks due to their dividends, valuations and stability.
Via The Street
Charles Brandes: Buy BRICs, ‘Old Technology’ And Bank Stocks
At this year's Sohn Investment Conference, Dan Sundheim, the founder and CIO of D1 Capital Partners, spoke with John Collison, the co-founder of Stripe. Q1 2021 hedge fund letters, conferences and more D1 manages $20 billion. Of this, $10 billion is invested in fast-growing private businesses such as Stripe. Stripe is currently valued at around Read More