Donald Yacktman

Donald Yacktman

Postby winston » Thu Feb 25, 2016 7:57 am

One of the world's best crisis investors is selling...

by Ben Morris

Yacktman manages about $13 billion using a blend of growth and value investment strategies. He looks to buy good companies trading below intrinsic value. And he focuses on companies with shareholder-friendly management.

According to GuruFocus (one of the sites I use to track investing greats), Yacktman’s funds have returned an average of 10.2% a year over the last 20 years. That’s a 594% return, which is 213% better than the benchmark S&P 500 Index.

What stands out about Yacktman is his performance during each of the last two market crashes: the tech bubble in the early 2000s and the financial crisis of 2008. From the end of 1998 through the end of 2002, Yacktman generated a 26% return. The S&P 500 fell 25% during those same four years.

In 2008-2009, Yacktman generated a two-year, 18% return for investors while the S&P 500 dropped 20%.

What’s Yacktman doing today?

He’s reducing all of his largest positions… and he’s going to cash.


When Yacktman didn’t see much value in stocks in mid-2007, he held about 25% of his funds’ assets in cash.

When he saw great values, like in late 2008, he held around 5% in cash.

As of December 31, 2015 Yacktman’s two funds were 15% and 16% allocated to cash.




Source: DailyWealth Trader

http://thecrux.com/one-of-the-worlds-be ... s-selling/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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