Over the last couple of weeks, many stocks became cheaper because of another pullback in the markets. And times like this are perfect for hunting out cheap UK shares.
In his long investing career, multi-billionaire investor Warren Buffett made much of his money buying shares in good-quality businesses, something that can be seen from his annual Berkshire Hathaway shareholder letters. But he always had an eye on valuation. So, when the markets were weak and uncertainty filled the air, he was often found making some of his most lucrative stock purchases.
What is a cheap UK share?
Volatility returned to the stock market last week after what has been an amazing rally since the spring lows. And some have branded that long uptrend a ‘lockout’ rally. Why? because disbelieving investors often stand on the sidelines waiting for the ‘inevitable’ correction before buying. But the correction never seems to arrive. Shares