Organizational psychologist Richard Davis discusses the importance of a CEO's personality and decision-making. They analyze how biases impact hiring and aligning personality with organizational context. They also explore the impact of Kevin Plank's personality at Under Armour and lessons from working with David Stern.
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Quick takeaways
Inflation impacts consumer sentiment in Canada, while the US sees a slight cooling with concerns over exceeding target levels.
Strategic stock picking during market downturns presents long-term growth opportunities in undervalued sectors and post-correction growth companies.
Deep dives
Impact of Inflation on Canadian Economy
Consumer sentiment in Canada is significantly impacted by inflation, particularly evident in increased prices at gas stations, grocery stores, and restaurants. The housing market in Canada faces challenges, with many feeling priced out and stressed about mortgage rates. The Bank of Canada's interest rate cut signals efforts to stimulate the economy, leading to a surge in home listings as sellers react to the rate reduction.
US Inflation Trends and Economic Outlook
The slight cooling of inflation in the US, with core prices rising 3.3% in May compared to a year earlier, is seen as a positive deviation from the Federal Reserve's 2% target. Despite consumer confidence and spending remaining strong, concerns linger about inflation exceeding the desired range. Speculations arise about future rate cuts from the Federal Reserve to navigate economic conditions.
Investment Strategies Amid Market Volatility
During market fluctuations, such as the early days of COVID-19 in 2020, strategic stock picking opportunities emerge. The significance of buying during market downturns when fear and uncertainty prevail is highlighted for potential long-term gains. Recommendations include reviewing undervalued sectors like oil and gas, exploring opportunities in previously downtrodden areas like SPACs, and assessing companies with growth potential post-market corrections.
(00:21) Jim Gillies and Mary Long discuss macro news from the US and Canada. Plus, Jim reflects on down markets of days gone by.
Then, at (16:10) Alex Friedman talks with organizational psychologist Richard Davis, author of the new book “Good Judgment,” about the importance of a CEO’s personality.
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