It’s a once-in-a-generation buying opportunity, and it’s right now
In five years we will likely look back on March 2020 as one of the best periods to buy into the market
As luck would have it, I was booked in to shoot a video with one of my favourite global equity fund managers last Thursday afternoon. When I turned up with the film crew, the manager looked ashen-faced. He calculated that he was £140m down on the day. That he stuck to our arrangement and did the interview was a great illustration of how the best investors really are made of sterner stuff than the rest of us.
Apart from his good manners and robust temperament, what struck me most was his confidence. He said he was sure that in five years’ time we would look back on March 12 2020 as one of the best buying opportunities of his career.
I agree with him, for four reasons...