ValueX Zurich/Klosters around WEF Davos

I am going to be at the ValueX Zurich/Klosters event hosted by Guy Spier and John Mihaljevic on 2nd and 3rd Feb. This is a get together for like minded value investors to exchange and discuss ideas. We will be in Klosters right after the World Economic Forum in Davos. It is like a mini-Davos for value investors. More...

Complacency

I can see a sense of complacency setting into the markets. Anyone who expresses a negative view is derided as unpatriotic or chicken. The general view is that the worst that could've happened has already happened and that from here things only get better.

Selling today and keeping cash is not fighting the previous war. Clearly investors should've kept cash in 2008. But investors should keep cash today as well. More...