We Study Billionaires - The Investor’s Podcast Network TIP453: The Case for Long-Term Value Investing w/ Jim Cullen
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Jun 3, 2022 
In this discussion, Jim Cullen, CEO of Schaefer Cullen Capital Management, shares insights from his 50 years in investing. He draws parallels between today's market and past downturns, emphasizing the importance of value investing in volatility. Cullen breaks down his disciplined approach and advocates for high dividend stocks, suggesting they'll outperform soon. He also highlights lessons learned throughout his career and shares personal experiences that shaped his investment philosophy.
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1960s Speculative Bubble
- Jim Cullen recalls the speculative frenzy of the 60s at Merrill Lynch, marked by crowded offices and rampant trading of pink sheet stocks.
- This period mirrors some aspects of today's market, highlighting the cyclical nature of speculative bubbles.
Long-Term Performance of Cheap Stocks
- Despite market volatility, the cheapest stocks often yield the highest returns over the long term.
- This was observed between 1965 and 1982, where low PE stocks gained 1000% despite a flat market.
Investing in Stagflation
- Be cautious in a stagflationary environment due to unpredictable market behavior.
- Consider investing in cheap stocks with dividends as a long-term strategy, regardless of market conditions.
