by winston » Sat Feb 27, 2016 8:02 pm
GUNDLACH: Stocks looked like a good buy two weeks ago, so I bought some
By Akin Oyedele
NEW YORK (Reuters) - Jeffrey Gundlach, the co-founder and chief executive officer of DoubleLine Capital, said on Friday that his firm purchased some U.S. stocks two weeks ago after their rocky start in January.
"I thought it was a good buy point two weeks ago Wednesday and so we bought some," Gundlach told Reuters.
Bloomberg notes that Gundlach has been heavily underweight stocks since last August.
Source: Business Insider
It's all about "how much you made when you were right" & "how little you lost when you were wrong"