The Canadian Investor 7 Rules From an Investing Legend
Feb 6, 2023
Terry Smith, investing legend, shares 7 investing lessons. They discuss the flywheel effect and the recent Fed increase. India's potential for growth and investment opportunities are highlighted. The speakers explore political risks in China and WhatsApp's popularity in India.
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Transcript
Episode notes
Market Volatility
- Expect market volatility; it's a constant.
- Don't celebrate short-term gains or panic over temporary losses.
Conflicting Market Sentiment
- Current market sentiment is driven by conflicting views on inflation and earnings.
- This conflict creates higher-than-usual volatility.
Flywheel Effects in Business
- Flywheel effects compound growth organically through network effects.
- Costco exemplifies this with more members leading to lower prices, attracting more customers.