The usual recommendation from Wall Avenue today: keep defensive, be cautious. And retail buyers appear to be heeding that, rejecting shares and bonds for money-market funds as a banking disaster additionally simmers.
However our name of the day is tearing a web page out of Warren Buffett outdated playbook — being grasping when others are fearful. “You ought to be extra excited than depressed, as a result of if there’s tumult, there will probably be winners and losers out of this,” says Cole Smead, chief government officer and portfolio supervisor at Smead Capital Administration,…
