What To Do When Valuations Are High - Yacktman Fund's Stephen Yacktman

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Dec 01, 2014
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What should a value investor do when valuations are too high to invest?

Stephen Yacktman thinks that is the time to do a bunch of research so that you can understand businesses in case they trade at an attractive valuation at a later date.

Just because you aren't investing capital doesn't mean you shouldn't stay active. You don't want to be doing your research after stock prices fall.