“The market has entered more of a casino mentality than ever before,” said Brian Yacktman, chief investment officer of YCG Investments, which oversees close to $1 billion in assets. “Anytime momentum is disrupted, it makes people start to question what they’re buying and what they actually own.”
Yacktman’s investments include Microsoft, Facebook and Alphabet, and he hasn’t been selling those stakes despite the rally, because “they’re just so difficult to disrupt and have such tremendous pricing power and volume growth opportunities in the face of Covid,” he said.
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