This video and description was originally posted by CNBC.
Karen Firestone, Aureus Asset Management chairman and CEO, and David Burks, Hilliard Lyons senior vice president and senior analyst for utility & telecom industries, discuss their best market picks going into the end of the year.
By Jason Zweig
Although active managers may not feel great, the market has still given us a pretty good year. Learning from those that came before us can make us all better investors.
This past Saturday, Kari Firestone was a speaker at the annual TEDx Beacon Street Event. TEDx Beacon Street is an independently organized TED talk whereby local communities can hold their own TED events and introduce the TED experience to a wider audience.
You can watch the video of her performance below.
This past Saturday, Kari Firestone was a speaker at the annual TEDx Beacon Street Event. TEDx Beacon Street is an independently organized TED talk whereby local communities can hold their own TED events and introduce the TED experience to a wider audience.
Kari spoke about the tenets of Sensible Risk-Taking and how we can apply these tenets in situations that arise in our everyday lives.
Some photos from the event are included below. If you would like to learn more about TEDx Beacon Street, follow the link by clicking here.
Thoughts from Aureus CEO Kari Firestone:
We cannot trust polls, surveys, or predictions. How does that translate to my business, investments, which is totally based on aligning expectations with prices? We need to be more skeptical about predictions we hear from Wall Street, from corporations, and, of course, from pollsters. The most surprising thing about this election is that with so much information available in our data-driven age, we cannot figure out how use that data to predict an outcome of a presidential election at all. In regard to my business, this means we should value independent thought, cynicism, and creative ideas even more.
Also, since Donald Trump seems to have motivated all his supporters to get out and vote, despite many personal flaws, it shows the power of charisma, crowd building, and a strong social media brand. His voters wanted to be part of his aura, and that can apply to investors who flock to stocks, so we need to be on the lookout for those companies who will attract hoards of fans.
Finally, since Trump has been able to deflect criticism very successfully, and alter his positions frequently, it’s possible that he will be a very different governing president than people assume. Just because the market today is reacting to how it thinks his policies will favor or hurt certain industries, that doesn’t mean we should assume consistency in those positions.
By Geraldine Fabrikant
It’s instructive to read about how one of the top investors of our time, David Swenson, manages Yale’s endowment and his investing style.
By Greg Ip
As expected, some price pressure from higher wages and commodities is starting to increase inflation. Not such a bad thing if companies can pass on some cost increases.
Last Friday Kari joined the hosts of Squawk Box to talk about what’s currently working in the market. She highlighted a couple of stocks that she likes going forward.
By BINYAMIN APPELBAUM
The Fed needs to tread carefully before pushing up rates and Yellen has a solid argument for her case.
New jobs bringing people back into the workforce: wages starting to rise and spending will hopefully follow.
