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FYI: What do you do when you’re a fund manager free to invest in stocks and bonds to achieve a decent level of income, but both types of securities look expensive? Mark Saylor and George Cipolloni, who manage the Berwyn Income Fund, think the best move is to take a risk-off stance, be patient and wait for better opportunities to come along. “We believe strongly in being patient in the short term if we do not see much value relative to risk in any segment of our investable universe,” says Saylor. Regards, Ted https://www.fa-mag.com/news/waiting-for-better-values-41982.html?print
