Insightful Investor #70 - David Powers: Wasatch Culture, Market Cycles, Long-Term
May 13, 2025
David Powers, Senior Portfolio Manager at Wasatch Global Investors, shares his insights on investment management, emphasizing the collaborative culture at Wasatch. He draws intriguing parallels between pitching in college and strategic investing, highlighting adaptability and continuous learning. Powers explores market inefficiencies, revealing how emotions affect stock prices, and discusses the nuances of market cycles through a five-phase model. He also delves into U.S. exceptionalism and its implications in global markets, advocating for cautious investment strategies amidst changing economic conditions.
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Early Investing Roots
- David Powers' early interest in investing started with family lessons and a stock market computer game.
- This childhood experience hooked him on investment strategy and valuation.
Sports Shaped Investment Mindset
- David used his experience as a college pitcher to develop contrarian thinking and mental preparation for investing.
- Sports taught him to handle winning and losing, which parallels investment resilience.
Stay Open and Adaptable
- Always remain open-minded and continuously learn to succeed in investing.
- Surround yourself with good people to adapt and curb your ego.