Investing in Scarcity

10/31/2013

First Eagle Funds’ Matthew McLennan, Abhay Deshpande and Kimball Brooker describe how they narrow a very broad investable universe, why they’re leery of emerging markets, the dangers they see in portfolio concentration, how they’ve increased their exposure to gold, and why they see potential upside in Hoya, Oracle, Laurent-Perrier and Pargesa.

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