Investing Round Table (August 2022)

Join us as we launch our 13th year of monthly webcasts focused on sharing actionable and investable ideas. The tracking portfolio since inception has delivered an annualized rate of return of 16.2% — beating the general stock market by +5.4 percentage points. The knights are Ken “Faster Growing Companies” Kavula, Cy “Volatility Is Not Risk” Lynch, Hugh “Invest Like Spock, Not Kirk” McManus and Mark “Manifest” Robertson.

The August 2022 Manifest Investing Roundtable, hosted by Mark Robertson with Ken Kavula, Herb Lemkuhl, and Hugh McManus, focused on fundamental investment lessons derived from Peter Lynch's philosophy and Warren Buffett's investment approach. The speakers emphasized that while investment portfolios contain many positions with losses, a small number of exceptional performers—like Microsoft in their case—can more than offset cumulative losses from dozens of underperforming stocks. The discussion centered on the reality that identifying profitable trends is easier than selecting the companies that will actually benefit from those trends, using historical examples such as their positions in 3D Systems and Fossil to illustrate costly timing and company selection errors.