Bull Sessions (4/26/2022)

Counting down to the April 2022 Round Table and spending A Few Moments With ... the Workhorses of our portfolios. Checking in on the performance of our most widely-followed stocks, the Manifest Investing 40 ...

Mark Robertson, founder of Manifest Investing, joined by Ken Kavula and Kim Butcher, hosted a Bull Sessions webinar on April 26, 2022, addressing market volatility and investment strategy during uncertain times. The session emphasized the importance of "flyover stocks"—medium-sized companies that often escape investor attention despite their strong performance potential. The speakers discussed how mid-cap stocks (S&P 400) have significantly outperformed both large-cap (S&P 500) and small-cap (S&P 600) stocks over the past 30 years, making them worthy of serious consideration for long-term portfolios.

Key discussions included navigating the current bear market environment, managing inflation concerns, and disciplined investment approaches during market downturns. Ken Kavula shared perspective from his experience through previous market crashes dating back to 1987, emphasizing the importance of staying calm and continuing to invest prudently. The speakers addressed Joe's question about alternatives to stocks (TINA - There Is No Alternative) and highlighted the potential of inflation-adjusted bonds (I Bonds) as a possible hedge. Mark Robertson invited Matt Spielman to discuss investment opportunities in inflation-protected securities in a future session.

The webinar encouraged investors to examine historical data from previous downturns (2008-2009, March 2020) to recognize that market recovery opportunities often follow sudden selloffs. The speakers stressed the value of quality companies with good capital management practices, including those conducting strategic stock buybacks when stocks are undervalued.