25 March 2020
With such high volatility the big question is, do we do nothing, or when do we sell and when do we buy? Timing in volatile markets is a very difficult game, and can be a speculative one after the biggest one day market gain in US history. You will be well aware that at TAM, we are not speculative investors. After the “mad dash for cash” in the second week of March, as our CIO James Penny described it, how do we decide what to invest in and when?