Tom Gardner, CEO and co-founder of Motley Fool, joins Ron Gross and Matt Argersinger to dive into the investing landscape. They discuss key stocks to watch in 2024, including a fascinating outlook on American Tower and EPR Properties. The conversation highlights major corporate challenges for giants like Starbucks and Disney, while Gardner shares vital lessons from 2023. Additionally, they explore emerging trends in gene therapy and the evolving impacts of technology on investment strategies.
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insights INSIGHT
2023 Market Rebound
2023 was a rebound year for investors after a rough 2022, with the S&P 500 up 25% and NASDAQ up 42%.
Rate cuts in 2024 and continued economic growth could lead to another good year, despite a somewhat expensive market.
insights INSIGHT
Portfolio Rebound and 2024 Outlook
Matt Argersinger's income portfolio saw a significant increase from being down 3% at the end of October to being up more than 19%.
Positive macro factors, such as moderating inflation and potential rate cuts, suggest 2024 could be a good year, especially for small caps and specific sectors.
question_answer ANECDOTE
Benchmarking Portfolios
Ron Gross points out that the equal-weight S&P 500 is only up about 11%, not 25%.
He suggests investors benchmark against this index for a more realistic view of performance, considering the influence of mega-cap tech stocks.
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Fifty Years of Successful Investing on Wall Street
John Rothchild
This book tells the story of Shelby Collum Davis and his family, who are among the most successful investors in Wall Street history. Starting with Shelby Davis's decision to invest $50,000 in 1947, which he multiplied 8,000 times by his death in 1994, the book details the family's investment discipline, their focus on value investing, and their ability to navigate various market conditions. The narrative also includes the successes of his son, Shelby, and grandsons, Chris and Andrew, who continued the family's investment legacy. The book provides a historical and literary perspective on Wall Street and the Davis family's enduring investment philosophy[3][4][5].
Only the paranoid survive
Andrew S. Grove
In 'Only the Paranoid Survive', Andrew S. Grove discusses the concept of 'Strategic Inflection Points' – moments when the balance of forces shifts significantly, requiring businesses to adapt rapidly to survive. Grove draws from his experiences at Intel, including the transition from memory chips to microprocessors and the handling of the Pentium flaw, to illustrate how these inflection points can be managed to emerge stronger. The book emphasizes the importance of constant vigilance, experimentation, and decisive leadership in navigating these critical moments of change.
We’re ringing in the new year with stocks to watch, leaders feeling the heat, and some half-baked predictions.
(00:21) Ron Gross and Matt Argersinger share:
- The trends they’re following in 2024
- CEOs in the hot seat
- Reckless predications for the new year
(19:11) Motley Fool CEO Tom Gardner shares his investing lessons from 2023 and a Fool stock he’s excited about for 2024.
(34:45) Ron Gross and Matt Argersinger share two stocks on their radar for the new year: American Tower and EPR Properties.
Motley Fool Money 
