idea of why you go into cash during unusual economical conditions is for safety and not to lose value.That is first thing lot of experience fund managers do. That is also attractions of MFG because of the conservative attitude.If you read a bit you may see this concept. Only few weeks back Warren Buffet was asked the question why he has $149B in cash, the highest he has ever had. He has not done a major deal for 2 to 3 years apparently. Even on China if you didn’t invested like all other investors around the world and international bankers over last 30 years, MFG would have been criticised for being too conservative. They got out of Tencent without losing value.
MFG Price at posting:
$29.36 Sentiment: Buy Disclosure: Held
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