Die Gedanken sind frei, except I'm not allowed to publish all of them.
Monday, August 5, 2013
"The current state of valuation is as clear as a bell. We're not cheap here."
Joshua Brown, here, who notes that value investors are raising cash:
"In the meantime, many famous value managers are husbanding their cash - either because they can't find compelling values or because they foresee better opportunities ahead."