1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Canadian Value
Canadian Value
Articles (4624) 

Royce Funds Charlie Dreifus Discusses Managing Risk and the Current Environment

June 28, 2013 | About:
Dreifus thinks that he had an advantage in the 2008 crisis because he had been through 1973 and 1974 as a portfolio manager. The strategy he employed during the crisis as a portfolio manager was to buy stocks on days the market was going down, and to sit tight on days that the market bounced back.

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.

About the author:

Canadian Value

Rating: 3.5/5 (4 votes)


Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners

pbarker46BV growth, Low E10
akcapitalSmall Cap - P/FCF
James LiThe John Neff Screener!
brettHigh Quality Part 2
9gebbbLFG QV Formula
kirkP/S Dividend
pbarker46Hist. PB w Median PS
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)