FYI: international value investor David Herro has a youthful grin, but he’s been around the block (and the world) a few times. One lesson he’s learned is to avoid the quick momentum trades.
He finds himself these days in a volatile trader’s market with a selloff seemingly taking root globally. But Herro is standing firm, scouring the globe for ideas, and then evaluating a company’s cash flow, valuation and management before investing. Indeed selloffs are good news for Herro, who built a position in Japanese stocks in 2012 that paid off smartly.
Regards,
Ted
http://blogs.barrons.com/emergingmarketsdaily/2014/10/07/12-stock-picks-from-oakmarks-david-herro/tab/print/
