Markets are in a crisis of confidence. He continues to put strong emphasis on asset class diversification in equity and bonds so there is as much cash flow coming in as possible and when markets drop-off like this, there is more cash to reinvest in high-quality assets.
This is the sort of stock that is poised to do well in this kind of market. He doesn't care for it, because it is so big it is growth challenged. A good alternative might be Unilever (UL-N).
Gold is a good diversifier and plays a role in any good equity portfolio but be cautious and don't have too much exposure. He prizes geopolitical stability and certainty so prefers something like Barrick (ABX-T) instead of this company.
He prefers equities that have dividends. In this sort of turmoil, it will be difficult for juniors to do well. Access to equity financing will become a lot more difficult to come by.
One of the largest and most popular drug companies in Europe. Has a strong product profile. French stocks, merely by their association, have been really hammered. Good stable business that will do well, irrespective of economic conditions. Good entry point.
This is a favourite stock of deep value investors because it has a forced marriage that is part of the banking crisis of 2007-2008 in Britain. Proponents point to formalized earnings levels that are healthy. A better alternative would be Standard Chartered, which is on the London exchange.
Generates billions of free cash flow was a great organic growth opportunity in green field operations. A dodgy M&A track record but the core metals it is involved in all have positive supply/demand dynamics.
Prospects are pretty bright over the long-term. Near term, he expects the price to stay low. Interest rates in India continue to climb, which makes it more and more difficult for stocks to do well. One of the few emerging markets that are still overvalued. A very promising 3-5 year outlook but wait until India's interest rate cycle has peaked and market returns to normal price/earnings multiples. If you own, consider taking some money off the table.
Got an $8 billion injection from the Dutch government to stay solvent. Have been shedding insurance assets globally as well as some of the banking assets. You would be better served with a more cash flow oriented brand of investing. There will be a lot of volatility over the near-term.
US announcement of prolonged interest rates was a huge favor to the REIT section, and all high yielding equities. This is the pick up litter. Close to 7% dividend yield. Management owns 20%. Very well run.
Telcos, globally, will continue to do well. This company has a very attractive catalyst if the T Mobile merger gets consummated. It will raise profitability significantly over a 2-3 year time frame. 6.2% dividend.