How to Buy Industrials When They Look Expensive and Sell When They're Cheap

When I step back and look at these massive government spending programs, whether it's the Inflation Reduction Act or, you know, these other infrastructure related programs that are sending trillions and trillions into the industrial space. There's so much tailwind from fiscal spending that you actually do want to buy these when they look cheap because they're going to continue to earn above average returns over time. It's relative to time in the macro environment for a lot of these. You use the tomb super cycle, which I heard for the first time, I would say an 0708 back. Because what drove the industrial spending back then was China had not long previously been admitted to the WTO. They were suddenly being

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app