* From my good pal and fellow employee at Putnam (in the 1970s!) …
Although history doesn’t repeat and doesn’t always even rhyme, this nevertheless evoked the memory of when, at the height of the Nifty Fifty growth stock era in 1972-73 John Neff, one of the greatest value investors aver, came within one quarter of being fired because of his poor performance:
Terry Smith of Fundsmith revealed plans to incorporate momentum factors into the investment strategy and reduce buying quality companies during temporary setbacks. The letter highlights recent sales such as Intuit and potential interest in high-momentum stocks like GE Vernova.
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box."
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