From Newsmax:

Barton Biggs said investors should avoid the mistake he made in July, when the hedge fund manager slashed his equity holdings in half before redoubling them.

“This is not a time where you want to be underinvested,” Biggs recently said on Bloomberg Television. “The odds of a significant slowdown are one in five, pretty remote.”

Biggs said at the end of June that equities were a bargain, and then reversed course on July 2, saying in an interview that he’d cut stock holdings to about 35% of his assets. Three weeks later, he told Bloomberg News that...

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