Summary
"If you're generating billions of dollars from a country's natural resources, you probably don't want to plow it back into oil," he says.
"The companies that are still around today are real companies. There are no 12-year-olds taking companies public that people are willing to pay 1,000 times sales, there's none of that nonsense. The reality is it wasn't so much that greed was driving the tech bubble, it was fear -- fear that my neighbour was getting rich and I wasn't," he says."I like value managers who are willing to sit on cash and when prices drop and you've got fear in the market, they're able to buy assets on the cheap. There's a lot of upside potential there," he says.See the full content of this document
Extract
Go for Growth
By Geoff Kirbyson
INVESTING in fast-growing companies was all the rage a decade ago and it was virtually impossible to go wrong as stock market indices around the world were going to the moon.Most of the meteoric rise was fuelled by the tech sector as investors and analysts alike clamoured aboard companies specializing in communi...See the full content of this document
Sponsored links
