Market Commentary – May 2019 – Managing the Managers
This May, I was invited out to Manhattan, NY for a due diligence trip with First Eagle Investment Management. First Eagle has been the only money manager that I have used throughout my 17 year career in this business and one of their funds was the first fund I ever sold a client. They have always taken a thoughtful approach to portfolio construction and follow the mantra of being patient and investing in businesses rather than trading in and out of pieces of paper. Being that I have been invested with them...
