"I’d say use some caution. There are a lot of macro-type people that are just getting in and buying everyone sort of across the board and not being very selective" - Abhay Deshpande
» Abhay Deshpande on Bloomberg TV, The Call
"We tend to thrive when there is some uncertainty risk, dislocations in the stock market and the fadct of the matter is for the most part markets are not in distress" - Abhay Deshpande
» The Wall Street Transcript | Investing in Gold to Help Protect Against Downside Risk
"At First Eagle, we've always viewed gold as a potential hedge for those types of systemic risks that you can't protect a portfolio against." - Rachel Benepe
» Abhay Deshpande on Bloomberg TV, The Call
"We're value investors at First Eagle and the tendency is for us to become more cautious as prices get closer to fair value." - Abhay Deshpande
» Abhay Deshpande on Bloomberg TV, The Call
"We just want prices to be lower, not because we want calamity, but because we're investing with a margin of safety." - Abhay Deshpande
» Kimball Brooker on Fox Business, Countdown to the Closing Bell
"We're looking for companies that will have some relevance and staying power, and ability to withstand whatever the world throws their way." - Kimball Brooker
» Matthew McLennan on Bloomberg, Street Smart
"We look across the entire market cap spectrum. The key is the nature of the assets that a company owns, be it the market position or be it the actual underlying commodities they own." - Matthew McLennan, CFA
» Barron's | A Worthy Tradition
The managers want to see free cash flow rising and sustainable, and conservative liabilities. When valuing the enterprise, they give credit for surplus cash and penalties for debt and other liabilities. The process leads them to companies with strong balance sheets and modest valuations.
» Financial Advisor Magazine | Why We Believe We Are Not in a High Yield Credit Bubble
"Despite contrarian talk of a bond 'bubble', we believe that the current state of the credit cycle and improved corporate fundamentals bode well for high yield in the coming years."
» InvestmentNews | Threats to a Fulfilling Retirement
Given the dual threats of inflation and capital destruction, retirees who are interested in protecting the real value of their future income should consider capital appreciation as an investment objective in addition to income generation.
» Matthew McLennan on Consuelo Mack WealthTrack
"If you have some form of scarcity and duration, and you combine that with a strong capital structure, limited amounts of debt, so that the assets don't transfer to the debt holders, and a management team that operates prudently, you have scarcity and resilience. And that's really what we look for at First Eagle." - Matthew McLennan, CFA
» Investment Advisor | Fly Like An Eagle
"We think of ourselves as investment managers rather than asset gatherers. We focus on preserving purchasing power over time." - John Arnhold