August 6, 2021
“If you’re looking for a home run — a great investment for five years or 10 years or more — then the only way to beat this enormous fog that covers the future is to identify a long-term trend that will give a particular business some sort of edge.”
— Ralph Wagner
It’s summer. Worse than that – it is August – the slowest part of summer.
The part of summer that often leads the most number of investors astray. The headlines get worrisome, the forks in the road seemingly become more numerous, the chatter gets louder, the road ahead gets darker. All of it – every single bit of it – happens every August. And yet, each one – before now, have been a buying point.
The news we should stay focused upon – remains relatively mundane, somewhat repetitive and almost all positive for the future waves of growth ahead. It’s funny how positive statements about our present or future – are now referred to as just being “optimistic.” I cannot tell you how many times we can repeat elements which are indeed unfolding around us – and we hear this back: “Mike, it’s good that you can be optimistic.”