We heard from one investor recently who is still kicking himself for not buying more of the stocks that he had on his watchlist during the crash of 2020.
Not so for Lorne Steinberg, who told his clients in an email, the day of what turned out to be the market bottom, he was putting the firm’s 30% cash position to work buying the “best of the best” of the stocks on his radar trading at screamingly cheap valuations.
That worked out well for the President & Portfolio Manager of Lorne Steinberg Wealth Management, and his clients, who’ve been well rewarded.
In this conversation, Steinberg details the stocks he bought and the ones already in the portfolio that propelled his Global Value Fund to double digit gains over the last year.
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