I've been joking a lot recently saying that everybody says they're a long-term investor until you get a bear market. So let's assume that people really are long-term investors. And if that's true, my argument has been that there are relatively basic ways to build the wealth through time. Some of them, it's like people just ignore it. I don't understand why. There's always a better way to grow wealth. The story shouldn't be like I found the great story. It should be a realization that yeah, there are growth stories and growth stories change through time. They change for years.
Shoppers may need to switch from steak to bologna, but they still need to eat. That’s just one reason for investors to watch consumer staples if you’re concerned about a recession.
Richard Bernstein is the CEO and Chief Investment Officer of Richard Bernstein Advisors. Before that he was the Chief Investment Strategist at Merrill Lynch. Motley Fool Senior Analyst John Rotonti caught up with Bernstein to discuss:
- How growth stories can change through time. - Sectors showing the power of compounding dividends. - If a “Fed Put” still exists.
Members of any Motley Fool service can watch the full interview here: https://www.fool.com/premium/live/video/4056/coverage/2022/11/16/interview-richard-bernstein-ceo-cio-richard-bernst/
Host: John Rotonti Guest: Richard Bernstein Producer: Ricky Mulvey Engineers: Heather Horton, Dan Boyd
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