This is written Monday, and today it got weird in the market again. The idea is to not be surprised by the craziness any longer. Just adjust to the situation and get on with life.
More and more, I rely on tactical funds to pay attention. And yes, I’m beginning to do some stuff through Bill Sherman and Charlie White — you know, the companies I write about, the Sherman Sheet and Dynamic Portfolio Strategies. Both groups work hard to keep us mostly in the money, not out of it. I also like third-party managers like Good Harbor, Weatherstone and Curian.
So, fuzziness of the Italian elections be damned, I’m going to bet on continued volatility and use down days to buy more good stuff and up days to rejoice. And I’m going to continue to be tactical.
To change the subject, guess what? Our local paper announced today that BH Media (a subsidiary of Berkshire Hathaway) has offered to buy it, lock, stock and barrel. Since I know that Berkshire does not do hostile takeovers (or practically hostile anything), I would bet that the deal will go through.
Have a wonderful week and consider being tactical.
For more from Richard Hoe, see: