Donald Yacktman of Yacktman Asset Management spoke on CNBC today, and pushed for a long-term approach to investing. He suggests taking advantage of unnecessary dips in markets, like the one we may be experiencing, and buying undervalued equities.
- 0:40 Looking to buy the lows of the current volatile markets
- 1:30 “I have no idea” about whether this is going to be like 2008 again
- 2:40 Always looking for future opportunities, where firms are going to have huge returns compared to prices
- 3:45 Financial are “black boxes” often don’t know exactly what is going on within them, is getting out of those investments
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