Buying world-class stocks NEVER goes out of style

Howdy! 👋

I rolled in late last night after a wonderful, all-too-short few days at the MoneyShow Investment Masters Symposium. Approximately 500 super-savvy investors joined in on all the fun.

The education was top-drawer, as always.

I was thrilled to see so many 5 with Fitzers and OBAers who took time from their busy schedules to attend. As always, it was wonderful to renew old friendships and, of course, make new ones!

As an added bonus, it was great to share the stage with friends and colleagues you frequently see me work with on TV—including Charles Payne, Lindsey Piegza, Kenny Polcari, Thomas Hayes, Thomas Lee, Michael Lee, and Mitch Roschelle, to name a few. On a personal note, it was thrilling to share a meal with trading legends Tom DeMark and Larry Williams, both of whom played a key role early on in my career.

By the way, if you’ve never attended a MoneyShow, I really encourage you to do so.

My dear friend Kim Githler founded the MoneyShow 40 years ago with the singular goal of providing the best investing and trading education on the planet… and that’s exactly what you’ll get. In fact, I learn something every time, which is one of the reasons why I look forward to attending.

Anyway… let’s get after it.

I’m going to keep things super short today because I know you’re busy and, honestly, I’m a skosh jet lagged.

As expected, the markets have pushed higher today as I type on “softer” inflation data.

That’s good because it means the truly great companies—the ones we focus on almost exclusively—have the footing needed to push to even higher levels. Examples include choices like Apple and Palantir that have taken it on the chin lately. Chevron also qualifies, especially if oil returns to $100 a barrel as I think will be the case by early 2024.

The critics, of course, will give you a litany of reasons why that won’t or can’t happen, but I encourage you not to waste a lot of time worrying about what they have to say, for two reasons: 1) the world’s best companies still have plenty of runway ahead; and 2) for the most part, these are the same tired old arguments they’ve been peddling to anybody who would listen since last October… the Fed, inflation, recession, yada, yada, yada.

As of yesterday morning, 95% of S&P 500 stocks have reported, and 4/5 of those have beaten expectations, according to FactSet.

Remember, we don’t invest because the Fed is done hiking rates, inflation is softening, or any of a dozen other eye-ball-glazing headlines. We buy world-class companies because doing so helps us build real, sustainable wealth over time, regardless of market conditions.

In closing, I want to leave you with a thought.

We live in a time where blame has replaced personal responsibility for our actions, and nowhere is that truer than the financial markets.

Flip that around.

Embracing the power of responsibility for your actions, decisions, and investments will transform your portfolio, clarify your thinking, and, dare I say it, help you achieve a singular focus.

Never forget that investing, as is the case with life, is shaped by who you are and what YOU achieve.

I am with you every step of the way.

You got this!

As always, let’s MAKE it a great day.

Keith 😊