Stock Advisor returns as of 2/14/21
Jon Quast: Personally, I don’t think about macroeconomic situations very much. For one, they’re outside of anyone’s control, and two, they’re prone to change often. Oftentimes, the greatest things to be invested in are going to navigate those macroeconomic challenges. So, yeah, there’s going to be challenges. Every day is a challenge when you think about it, that’s life, that’s adult life. You’re going to wake up and there is a problem that you’re going to have to solve.
I think that the best companies and the best projects are going to be able to solve those things and continue going. Not that they won’t slow down or temporarily take a step back before taking two more steps forward. But I’m always more focused on the companies, or the projects in everything, and what is happening on the ground, more than macroeconomics.
Travis Hoium: I’ll second that. I’ll say that I think sometimes the macro narrative is actually something to invest against; so move the opposite way of what the financial market headlines are. What are we were worried about right now? We’re worried about inflation, we’re worried about slowing growth.
What has that done to stocks? It has just hammered growth stocks. You can go out and find really great companies that are still growing. I mean, we’ve seen this, this week. We’re getting earnings reports about companies that are growing, 20, 30, 40%, and their stocks are dropping because they’re only expecting to grow high single digits, low double digits next year.