Without watching it again as I recall he was 60% is very short duration high yield bonds. I think commercial paper. Cash also. I would imagine for someone knows what they are doing there is opportunity there (obviously) but it is sure not anything I would have any expertise in. Holding short duration term investments and cash it appears to me he thinks the real opportunities lie ahead. Just my guess. I could be wrong on all of the above. John
Edited by John Burns 12/21/2012 06:20
|