Investment Guru Stock Tips and Expert Advice

This episode of The Investors Roundtable (#35) is inspired by one of my favorite investing books of all time, The Intelligent Fanatics (all three books in the series), which is about how great leaders build sustainable businesses. Our panelists all have years and years of investing experience focused on identifying great companies early, and today, they share their knowledge on how they’ve gone about doing so.

Last summer I suggested that the fireworks show underway in the gold price at the time wouldn’t last forever and that a “a more tactical and discerning approach” might be warranted due to the increasing popularity of the precious metal. Since then, gold has fallen about $250 (13%) and sentiment has shifted significantly once again. Inflows into gold ETFs have turned to outflows and it is becoming common to question gold’s utility in an overall asset allocation model.

It’s hard to remember that there’s still a pandemic going on. Vaccination rates have increased and it looks like we may be on the cusp of a roaring 20s. Consumers are healthy and eager to make up for lost time–booking travel and eating out. Offices will probably re-open by the end of summer but working from home is likely to remain an option.

Modern technology is amazing but our ancient forebears built some wondrous things, too. Long-ago historians organized them into “Seven Wonders of the Ancient World.” (Of course, their “world” was the Mediterranean and Middle East. Other wonders existed elsewhere.) Last week I noted how some call compound interest the Eighth Wonder of the World. Is it really on par with the Colossus of Rhodes? Maybe.