Guy Spier: Our brains didn’t evolve for a modern economy
Investors' Chronicle
00:00
How Much Focus Do You Place on Macro Factors?
I get the impression that you're focused on finding great companies rather than busting over macro factors which are hard to predict and you don't have any control over. As we know from this year and and history macro factors do affect stock prices and the discount rates used to value stocks when interest rates change how much emphasis do you place on macro factors? I think that trying to use macro factors to predict when to buy into something or not is probably extraordinarily hard and not worth doing.
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