Rhett Kessler picks up three stocks out of the rubble of the correction

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When asked about how he handled the recent correction, Rhett Kessler, Senior Fund Manager at Pengana says “It’s quite easy to stay in cash and say ‘we’re disciplined we don’t buy things that are expensive.’ The real challenge is when things flip around and the outlook’s awful, yet that awfulness is more than reflected in the share price. Is having the courage to reach out and actually buy things and deploy that cash in size. It’s quite hard as we found. Nevertheless, I think we did a reasonable job on it.” In this video Rhett cites three attractive positions that he’s recently initiated that are all “very good businesses, run by competent management, at… very attractive prices.” Video here:


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