The best portfolio hedge is owning companies that will repurchase shares for less than intrinsic value during market sell-offs.
Replying to @FiveAcesCapital
Same company would issue shares when price is higher than intrinsic as well. Fundamental value of company better be good and improving. They must have a lot of cash on hand as wel in order for this to be a downside hedge.
7:21 AM - 29 Feb 2020
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