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Monday, October 26, 2009
The Days of Buy and Hold Are Over, Says John Mauldin
Mauldin, who writes the Thoughts from the Frontline e-letter, does think there's money to be made in real estate. With prices so depressed in many markets, he says buying property on the cheap and renting it "is a prescription for making money."
tLittle Room for Error in Sock Market, Value Manager Says
"A year ago there was value everywhere, now we're having a hard time finding ideas," says Abhay Deshpande, who oversees more than $20 billion as a portfolio manager for First Eagle Funds, including the U.S. Value, Overseas and Global funds, which are up 19.5% and 28% in the past year, respectively.