I am not sure there are enough stocks in the world with this sort of in-built balance to construct a portfolio, but those that do exist are, at the right price, attractive investments. As Euripides said, “The best and safest thing is to keep a balance in your life.” Perhaps today he would have applied the same thinking to his investments.
James Bateman is head of multi-manager and multi-asset portfolio management for Fidelity Worldwide Investment
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