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What would be your advice for a better portfolio strategy hedge or bets? If you bought into metal and banks from October to February, that trade has worked beautifully.
We do not buy metals. Only the banks have to take all the workload for us. In general, we are not going to change that strategy that we need two kinds of stocks. One stocks where we have high confidence and where the returns will be lower and one where we have a little less confidence but if it is right, returns will be higher. It is a mix and match of that. After 25 years, we will not find many people being able to continue their jobs because they can be blown out for taking a very aggressive stance one way or the other.