Capital Ideas Podcast
Waiting for stocks to go on sale
Feb 9, 2024
Portfolio manager discusses seeking undervalued stocks and the importance of patience. Insight into healthcare and pharmaceutical sector innovation. Analyst shares experiences with nuclear plant construction. Importance of building relationships and trust at Capital World.
21:44
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Quick takeaways
- Alan Berro emphasizes the importance of analyzing future earnings growth and focusing on individual companies rather than macro trends in the current investment environment.
- Barrow sees the healthcare and pharmaceutical sector as an area of innovation with promising opportunities and highlights the appeal of established companies like Lilly, Gilead, and Merck.
Deep dives
Investment Environment and Valuations
The podcast discusses the current investment environment, highlighting the challenges faced by value investors in a market dominated by the Magnificent Seven growth stocks. The guest, Alan Barrow, expresses concerns about valuations and emphasizes the importance of analyzing future earnings growth. He shares his approach of focusing on individual companies rather than macro trends and highlights the uncertainty around whether the remaining companies can produce enough earnings growth to offset the dominance of the Magnificent Seven.
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