“In Bear Markets, stocks get returned to their rightful owners.”
– J.P. Morgan
Last month, we examined one factor that really matters to economic growth: worker productivity. This month, we offer some observations on the latest “Crisis Du Jour” in equity markets.
Tariffied
As every investor knows by now, last week, the Trump Administration finalized its policy on tariffs, which will be applied to international trade going forward. Putting it lightly, the stock market has not reacted well to the news, as the S&P 500 declined by nearly 10% in just two trading days.
We felt it might be valuable to share some of our thoughts on this tariff news and how Great Investors will navigate this time successfully.
Please check out our latest video, in which we discuss the current conditions and how a true long-term equity investor will use this time as an opportunity to prosper.
Click here for a full video transcription.
Join us on April 30
We have been publishing our Great Investors article series for over 10 years now, and it has consistently been our most popular content every year. We thank our loyal readers and truly appreciate your comments and feedback over the years.
As you know, we have changed the format for our Great Investors series from a monthly written commentary to a quarterly webinar format. We will deliver a brief talk summarizing our outlook on current events in the same style you have come to appreciate in our monthly article series. We will then have ample time for Q&A and discussion to address any additional questions you may have.
Our next webinar will be held on Wednesday, April 30th, and will be available via online live stream, and in person for those who can attend. Please feel free to register here.
Helping those you care about
Over the last few years, the patience of all long-term investors has been severely tested. As must happen every few years, we were basically required to do just one big thing: reject the idea that “this time it’s different” and hew to the belief that “this too shall pass.” We see now we are presented with another opportunity to practice patience and discipline in the years to come.
Successful investing, while always fundamentally simple, will never be easy. You may have a family member, colleague, or friend who perhaps did not fare as well and who you feel might have benefited from the sort of advice you were receiving. Should that be the case, we would certainly appreciate your introducing us to them. We very much enjoy working with you and would welcome the opportunity to offer the same planning and service to people you care about.
Reminder: You are more than welcome to bring a friend or family member to our event on April 30th. Afterward, there will also be an opportunity to share the recording of the discussion.