# Bull Sessions (1/25/2022)

Warming up for the January Round Table ... Groundhog Challenge home stretch ... the advent of 2022-2023 expectations and the annual ratcheting of 3-5 year fo...

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Warming up for the January Round Table ... Groundhog Challenge home stretch ... the advent of 2022-2023 expectations and the annual ratcheting of 3-5 year forecasts at Value Line.

Mark Robertson and Ken Kavula hosted the January 25th, 2022 edition of Bull Sessions, discussing the extreme market volatility witnessed during the week. The hosts noted that all four NFL playoff games were decided on the last play, drawing parallels to the dramatic market swings occurring daily. Robertson shared that the Tin Cup tracking portfolio gained nearly 2% while the broader market surged 5% in a single afternoon, demonstrating the rapid and sometimes concerning pace of market movements. The discussion emphasized the virtue of long-term, buy-and-hold investing philosophy, referencing Warren Buffett's approach of purchasing quality companies and holding them for extended periods while ignoring short-term market noise.

The session covered the performance of various holdings within the Tin Cup portfolio, noting that approximately half of the positions were actually up during significant market downturns. Ken Kavula highlighted his two Ticker Talk stock picks—IBP (International Building Products) and FND (Floor and Decor)—which initially moved counter to the broader market decline before the market recovered. Robertson discussed the Value Line return forecasts and observed an interesting divergence between the projected annual returns at Manifest and Value Line's low total return forecasts over the past seven to eight years. The hosts encouraged viewers to submit questions and topics for discussion, and reminded the audience about the monthly roundtable events available both in-person and via archived YouTube videos.

Throughout the session, Robertson and Kavula emphasized the importance of fundamental analysis and long-term perspective in investing, consistent with the Manifest Investing methodology championed by the National Association of Investors (Better Investing). They referenced the Tin Cup portfolio's performance of approximately 17.5% returns over the last 12 years, outperforming the broader market by about 400 basis points, demonstrating the potential success of disciplined investment club methodology.