Royce Funds Charlie Dreifus Discusses Managing Risk and the Current Environment
This helped both to dollar cost average effectively and keep as much dry powder for further market drops as possible.
Ultimately what drives portfolio manager performance according to Dreifus is the conviction that a manager has in the names he owns.
Today Dreifus thinks the stock market is fairly priced at best. It is easier to find things to sell these days than it is things to buy.