Wednesday, April 24, 2013

Even the worst asset has a good price and can double


The worst asset has a price at which a purchase is advisable - it can go up. I always say if Greece can double in price, any garbage in the world can double in price.

A while ago the best asset to own was the most widely held hedge fund stock - Apple and it tanked 37 per cent. Now it can rebound but I’m saying it doesn’t matter what you buy, it’s the price at which you buy something that matters.