Investing legend: Stocks are ‘silly’ cheap…

From Dr. Steve Sjuggerud, Editor, True Wealth:

“These [recent] selloffs have created silly prices,” contrarian hedge-fund manager Dan Loeb said on Friday during a conference call.

“We’ve actually increased our [buying],” he said.

Loeb is bold… He thinks for himself. And he’s willing to invest when nobody else is.

His style has paid off for his investors…

If you invested $100,000 with Loeb in 1996, it would be worth more than $1.7 million today – giving him one of the best long-term track records out there right now.

Today, he thinks the fear and concerns that people have about the economy are overblown…

“We see a lot of people that are on alert,” he explained, “but there haven’t really been any signs of recession from either the economic data, the surveys, or our individual conversations with companies.”

This is a critical thought as an investor…

You see, I’ve learned that…



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