of Evermore Global Advisors
LLC, believes in the principle that investors should buy when there's "blood in the streets" as Baron Rothschild said, and flock toward volatility, not away from it. The WSJ
's Javier Espinoza reported on his Evermore Global Advisors[profile] Global Value Fund
, 50 percent of which invests abroad.
In the midst of crisis and uncertainty, real opportunities arise because prices come down and there are fewer buyers," says fund manager David Marcus of Evermore Global Advisors LLC.
, lead manager of Templeton Growth
said the 10 cheapest developed markets are in Europe, as well as every cheapest market sector.
Meanwhile, the long term view in Europe isn't getting any better Espinoza writes, with the forecast cut for the Euro-zone economy, contracting 0.6 percent in 2013, and European governments' continued austerity measures.
Marcus isn't budging on his original hypothesis even though his fund was down 19 percent in 2011 and it gained less than competitors in 2012 and 2013 thus far.
Those that were patting themselves on the back during the crisis for staying on the sidelines are crying that they missed one of the great opportunities to create wealth.
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