Valuation-Driven Investment Strategies

This chapter explores a risk-adjusted valuation-driven approach to evaluating stocks for global investment portfolios, with a focus on disciplined decision-making and performance metrics. It highlights a cautious yet optimistic strategy for mid-cap investments, particularly in the travel sector, using examples like WH Smith and Carnival Cruise to illustrate strengths and market positioning. The discussion also reflects on changing consumer spending trends in travel post-COVID and the impact of social media on younger generations' leisure expenditures.