I love bear stock markets. And the older I get, the more I love them. Bear markets are some of the rare times when investors have a chance to purchase discounted shares of great companies. Shares of alternative asset manager KKR & Co. (NYSE: KKR), for example, have been pummeled since November 2021. At this point, the stock has been almost cut in half. I've always felt that KKR is a great business to own. KKR was founded 46 years ago as a "one-trick" private equity buyout shop, which means it buys out other businesses in hope of turning a profit down the line. The company still utilizes that business model, but it has also evolved into a more diversified global asset management firm that invests client capital across a variety of different alternative asset classes. And judging by my excited tone, I bet you can tell how I feel about KKR's current market valuation... | 
Post a Comment
Post a Comment