market folly

Continuing our 'quote of the week' series here at Market Folly, we turn this time to Lee Ainslie of hedge fund Maverick Capital on the topic of buy/sell/hold:

"There are no 'holds.' Everyday you're either willing to buy more at the current price, or, if you aren't, you should redeploy the capital to something you believe does deserve incremental capital."

~ Lee Ainslie

The topic of incremental capital is one Ainslie has repeatedly focused on over the years. Essentially, he wants Maverick to always be allocating capital to investments trading at compelling prices. Ainslie will be presenting investment ideas on October 12th at the Value Investing Congress in New York City. You can save on registration by clicking here. Also, if you want to take an in-depth look at Maverick Capital's portfolio, we've detailed their positions in our brand new quarterly newsletter: hedge fund wisdom.