Mar 2, 2022
This podcast episode was recorded on Feb. 25 and released to premium subscribers (without ads) the following day. To become a premium subscriber and take advantage of this and a host of other benefits, visit Contrarian.Supercast.com or ContrarianPod.substack.com and sign up! Tobias Carlisle of Acquirers Funds rejoins the podcast to discuss the stock market's latest dramatic reversal, this time over Russia's invasion of Ukraine, and why investors may be a bit too bullish at present...
Content Highlights
- How to take the huge reversal last week with Russia-Ukraine? (3:11)
- Every war starts with "the boys will be home by Christmas," but most tend to drag on longer than anticipated. Sometimes a lot longer... (5:13);
- Growth stocks have been in correction territory for some time. Are they in a bear market? Probably... (8:52);
- The interest rate cycle has not started tightening but inflation has the Fed caught between a rock and a hard place (15:53);
- Energy and energy stocks are still cheap. Then there are defense contractors. Lockheed Martin (LMT) has benefited from Russia-Ukraine and Carlisle is a holder... (21:25);
- Facebook aka Meta (FB) is also cheap (23:20);
- Non-fungible tokens, or NFTs: Dead as Disco (30:12);
- The aim of investing is to survive the bad times and they are "probably here" (37:18).
More From the Guest
- Website: AcquirersFund.com;
- Twitter: @Greenbackd;
- Books: The Acquirer's Multiple and Deep Value via Amazon.