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The ability to suffer

12 Apr, 2024 | Return|

Is everyone obsessed with getting rich quick? With the 'Magnificent 7' driving a large portion of the US stock market's return in 2023, the focus has been on capital growth. In all the excitement, have we forgotten that there are other ways of making money?

Joining us this week to talk on building wealth over time and why valuations matter is Nick Clay, portfolio manager of the A-rated TM Redwheel Global Equity Income fund. Speaking with Jock Glover, Nick discusses the recent economic theory dominating market environment, as well as how a company's ability to suffer can protect its competitive advantage.


Don't have time to listen to the full episode, jump to your favourite part:

  • 01:10 - How do you see how you invest panning out over the coming months and years.

  • 03:50 - How important are valuations vs. short term earnings numbers?

  • 06:00 - How do you find exposure to these themes in the portfolios?

  • 07.35 -What keeps you up at night?

  • 12:10 - How is your portfolio positioned to defend against the risks?

  • 14:30 - How do you and the team make decisions?

  • 16:30 - An interesting statistic (or two) from the week.

This podcast was recorded on Tuesday 9th March 2024. This podcast is issued by Square Mile Investment Consulting and Research Limited which is registered in England and Wales (08791142) and is a wholly owned subsidiary of Titan Wealth Holdings Limited (Registered Address: 101 Wigmore Street, London, W1U 1QU).

This podcast is for the use of professional advisers and other regulated firms only and should not be relied upon by any other persons. It is published by, and remains the copyright of, Square Mile Investment Consulting and Research Ltd (“SM”). SM makes no warranties or representations regarding the accuracy or completeness of the information contained herein. This information represents the views and forecasts of SM at the date of issue but may be subject to change without reference or notification to you. SM does not offer investment advice or make recommendations regarding investments and nothing in this podcast shall be deemed to constitute financial or investment advice in any way and shall not constitute a regulated activity for the purposes of the Financial Services and Markets Act 2000. This podcast shall not constitute or be deemed to constitute an invitation or inducement to any person to engage in investment activity. Should you undertake any investment activity based on information contained herein, you do so entirely at your own risk and SM shall have no liability whatsoever for any loss, damage, costs or expenses incurred or suffered by you as a result. SM does not accept any responsibility for errors, inaccuracies, omissions, or any inconsistencies herein. Past performance is not a guide to future returns.


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