FTI's Winters waits for market downturn

This high level of cash is the result of the fund not finding enough distressed or undervalued stocks in the market that meet its objectives of generating returns at relatively low risk rates. "My bacon is frying with the shareholders' bacon," Winters says of his slightly cautious outlook. Examples of stocks Winters already has in the portfolio are Berkshire Hathaway – itself run by the ‘Sage of Omaha’ Warren Buffet - insurer White Mountains, Newport Mining, BAT, AngloAmerican ("a compound money machine") and Nestle. The sort of Asian plays he looks to include Samsung Electronics, ...