Brian Yacktman: “Well, I think right now it’s a case of investor myopia where investors are purely looking at a single variable. They’re just looking at the Coronavirus and then trying to change their game plan around that and the reality is there’s a multitude of variables at play here that affect things both risks and long-term gains that can take place. We view all of this as too unpredictable in the short-run, what we want is, if the long-term outlook remains intact, which we believe it does for these luxury names, then we want to be involved in them. They’re global champions that have sustainable network effects.”
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