Tuesday, July 06, 2010

Great stock market advice

Charles Lahr, a portfolio manager at PIMCO has this comment on the stock market:

Market volatility could make investors uneasy, but this is a great time to be a value investor, because volatility tends to beget opportunities over the long run. Many companies get sold for the wrong reasons, and if you have the ability to go in and identify individual names that are being undervalued by the market and make prudent investments, you're likely to find some very attractive opportunities.

I could not have stated it better.

In short, try to avoid chasing the latest fad being promoted by Wall Street and focus on deep value.

The byline for that piece tells us that:

Charles Lahr and Anne Gudefin are portfolio managers heading the recently launched PIMCO Pathfinder(TM) Strategy, an actively managed global deep value equity approach focused on steeply discounted stocks of fundamentally strong companies.

That is a good business to be in these days.

That said, I am not making any specific recommendation of any stock or fund.

-- Jack Krupansky


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