I’ve posted articles and reports from Vito Maida on GuruFocus in the past. I greatly admire the disciplined approach this man brings to investing.
So when he starts getting aggressive (which he basically never does) I pay attention.
The Globe and Mail had a one-hour on-line discussion with Maida where he answered questions from readers:
http://www.theglobeandmail.com/globe-investor/investment-ideas/qa-why-a-most-cautious-value-investor-is-on-a-buying-spree/article2308346/
So when he starts getting aggressive (which he basically never does) I pay attention.
The Globe and Mail had a one-hour on-line discussion with Maida where he answered questions from readers:
Last July, Vito Maida - one of Canada’s pickiest and most careful money managers - had the maximum 25-per-cent cash he’s permitted to hold in running the [/i]Horizons North American Value ETF(HAV-T10.81----%)[i]. Today, he’s fully invested in stocks and has gone on a buying spree in the U.S.Here is a link to the full discussion with Maida:
Why the sudden change of heart? He’s after high-quality companies at very attractive valuations - and believes he has found them. (Read Rob Carrick's recent interview with Mr. Maida here)
Mr. Maida has a point of view worth paying attention to. In the portfolio he runs for clients of Patient Capital clients, Mr. Maida has made 7.7 per cent a year since he began in March 31, 2000, compared with 4.1 per cent for the S&P/TSX composite and a loss of 3.5 per cent for the S&P 500 in Canadian dollars (those are before-fee returns).
We ask him about his latest thinking - and stock picks - in this live one-hour discussion.
http://www.theglobeandmail.com/globe-investor/investment-ideas/qa-why-a-most-cautious-value-investor-is-on-a-buying-spree/article2308346/
