![]() The thought conjured up nightmarish scenes of bread lines and bank runs.Įver since the global financial crisis of 2008 and especially since the Covid pandemic, central banks and governments around the world have pulled out all stops to prevent such an occurrence. The greatest fear among Wall Streeters and other financial lights was lower prices that might actually decline more and turn into that monster known as deflation. It wasn’t many months ago that the entire financial world was singing the praises of inflation. ![]() Poor Charlie's Almanack: The Wit and Wisdom of Charles T. The Winston Churchill Foundation of the United States: WEALTHTRACK #1913 broadcast on September 23, 2022 In this weekend’s interview, we will learn how Buffett’s talk in graduate school made such a huge impression on him. Berkshire Hathaway has consistently been one of his largest positions. The global value manager focuses on owning a small group of exceptionally well-managed, well-known brand name firms, many family-owned, with dominant, almost unassailable positions in their mostly consumer-oriented businesses, and then holding them pretty much forever. He is Tom Russo, managing member of the investment advisory firm Gardner Russo & Quinn, where he oversees the Semper Vic Partners Funds, which he launched in 1983 after hearing Buffett address his class at Stanford. This episode's guest is a longtime holder of Berkshire stock and has been an avid student of Buffett’s style of value investing since meeting the legendary investor at Stanford Business School in the early 1980s. WEALTHTRACK #1914 broadcast on September 30, 2022Īrnott on WEALTHTRACK from September 2021: We also have an exclusive EXTRA feature with Arnott, who will discuss his penchant for high-performance motorcycles, including his most recent acquisition. In this weekend’s interview, Arnott shares his outlook on inflation, value stocks, and his cheap diversifiers strategy. Research Affiliates describes itself as a “research-intensive asset management firm that focuses on innovative products.”Īmong the many funds that Arnott created and now co-manages is the PIMCO All Asset Fund, also celebrating its 20th anniversary this year. Rob Arnott is Chairman of the Board and Founder of Research Affiliates, which is celebrating its 20th anniversary this year. He proved prescient on the inflation call and so far seems to have gotten value’s comeback right. Two, that the multi-year outperformance of growth over value stocks was probably finally over. One, he predicted there were “very high odds” of a resurgence in inflation. This week’s guest is focusing on bigger investment themes and identifying cheap global sectors as the market sorts things out.Ī year ago on WEALTHTRACK, in September of 2021, Research Affiliates’ Rob Arnott made two macro observations. These stomach-churning moves are hard to ignore unless you can take a longer view. The Dow and S&P 500 both entered bear markets this week, although they both put up a brief fight with a robust rally on Wednesday. Volatility is the name of this market’s game. WEALTHTRACK #1915 broadcast on October 7, 2022īookshelf: Capital Allocation: Principles, Strategies, and Processes for Creating Long-Term Shareholder Value In this weekend’s episode, Giroux will give us his view of the state of the market, its risks, and potential rewards. It’s been a rough year for the markets and Capital Appreciation, although it’s down less than the market and its category. ![]() Rowe Price’s Capital Appreciation Fund, which he has run since 2006. His reputation as a great investor has been earned as the Portfolio Manager of T. Giroux is the Chief Investment Officer and Head of Investment Strategy for T. “What do we want to own when things are cheap?” is the question driving great investor David Giroux on a daily basis.
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