More from the leadership team at Davis Rea Investment Counsel, in Part Two of our latest conversation.

This time, John O’Connell and Don Ritchie provide a glimpse into how they’re managing through the current market environment by holding more cash than usual and, to avoid triggering capital gains, putting on some hedging strategies.

Other topics include hedge fund activity, the rising odds of a slowdown, and why Blackstone’s Momentum Fund may be late to the party by buying technology stocks.

Related stories: “The Glass is Half-Full for the Companies We Own.”