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RWH053: Trouble Ahead w/ Bill Priest
Jan 12, 2025
Bill Priest, a seasoned investor and Vice Chairman of TD Wealth, shares insights from his six decades in finance. He discusses the dangers of complacency among investors and highlights the importance of free cash flow and cost of capital. Bill expresses concerns about stagflation and suggests maintaining cash reserves to weather economic storms. He also warns against overinvesting in growth stocks and offers caution regarding investments in China, all while praising the unstoppable rise of AI.
02:22:03
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Quick takeaways
- Bill Priest emphasizes the importance of free cash flow and effective capital allocation as essential indicators for future investment returns.
- His experiences across various market cycles highlight the necessity for adaptability and maintaining a robust balance sheet amidst economic uncertainties.
Deep dives
The Impact of Community Support on Success
The speaker expresses deep gratitude for the support received from readers and followers regarding the release of their book, 'Richer, Wiser, Happier.' They emphasize the importance of community engagement as a significant factor in the book's success, highlighting how warm responses from readers affirm the value of their work. This encouragement not only adds personal fulfillment but also plays a crucial role in promoting the book to a wider audience. The speaker acknowledges that feedback received from the community has the power to influence and inspire the direction of their future endeavors.
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