The Compound and Friends
Fear Has Rizz with Brian Belski
Dec 8, 2023
Financial expert Brian Belski joins hosts Michael Batnick and Downtown Josh Brown to discuss the golden age of stockpicking, the outlook for financials, the relationship between interest rates and the stock market, and the new concept McDonald's is introducing to compete with Starbucks and Dunkin'. The conversation also covers contrarian thinking, embracing uncertainty in investing, market movements and tech rotations, and the impact of streaming platforms on exposing kids to older music.
01:18:31
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Quick takeaways
- Companies have become more efficient at maximizing profits, leading to a trend of strong profit margins expected to continue.
- Value stocks are likely to outperform growth stocks in 2024 as the rate cycle potentially ends.
Deep dives
Margins have not collapsed despite macro pressure
Despite macro pressures, profit margins have not collapsed. This challenges the bear case that profit margins are peaking and will revert to historical averages. The current environment suggests that companies have become more efficient at maximizing profits, benefiting from advancements in technology and AI. The trend of strong profit margins is expected to continue, with revenue growth and a strong economy driving higher profitability.
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