Bull Sessions (1/4/2022)

Kicking off 2022 with some Performance Perspectives ... some Epiphany Screening ... and warming up for the December Round Table which has sauntered into January.

In this Bull Sessions webinar from January 4, 2022, hosts Mark Robertson and Ken Kavula discuss market performance and long-term investing perspectives as the new year begins. The session opens with casual banter among the speakers before diving into substantive investment topics. Robertson and Kavula present quarterly snapshots of market return forecasts dating back 23 years, analyzing the Value Line Arithmetic Average and median PAR (Projected Annual Return) across 1,700 companies. They note the market is currently at a 7.8% return forecast, which Kavula believes is appropriately valued after several years of what he considers overvaluation. The speakers highlight the dramatic volatility and recovery patterns seen in 2008-2009 and during COVID, using historical S&P 500 performance data to reinforce the message that patient, disciplined investors following fundamental analysis have consistently made money over multi-year periods.