Why I Will Be Increasing My Position In General Motors
Being General Motors’ (GM) shareholder has been a rough ride over the last year. The risk of recession has been weighing down on GM’s valuation for a very long time, and it did materialize just after the company emerged from a month-long strike.
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However, it was a macroeconomic risk that I managed to easily offset with other asset classes in my portfolio, which is why portfolio management skills are just as important as picking the good businesses.