Last updated: 1 Aug 24 22:08:01 (UTC)

Michael's Client Newsletter #149, August 2024

Greetings Valued Clients, welcome to my August Client Newsletter #149 for the goal-focused, long-term, equity investor.

Every fours years I, and all other Advisors, inevitably get asked to comment on, or respond to questions about, the upcoming election. To wit: there is no proper comment whatsoever. Such is the perfect abyss of unknowability – not to mention the election’s ultimate irrelevance to the long-term equity compounder.

Nick Murray’s August Client’s Corner

What Does the Stock Market Have to Do With You

Every month Nick Murray publishes a brief client newsletter for the Lifetime Equity Investor. I hope you find it as valuable as I do.

Click the title/image above or open the attached PDF.

Nick’s previous Client’s Corners are here.

Financial Tip of the Month

My 1st Principle: A Counter-Cultural Philosophy

Much of the way I conduct my business can be described as going upstream to the traditional financial industry and often times against conventional wisdom. I commit to always tell you the plain, unvarnished truth, especially when you may not want to hear it. My investment philosophy is primarily based upon the teachings of Nick Murray and Warren Buffet ― and not what you may see on the news on any given day, or what the “industry” is currently promoting.

My Philosophy and Service Model

Podcast of the Month

The future of global equities

Capital Group portfolio managers Rob Lovelace and Noriko Chen share their outlook on the global equity markets and where they see compelling investment opportunities. They also discuss the growing impact of tariffs on the world economy and how multinational companies are navigating increasingly choppy trade waters.

Video Interview of the Month

Featuring Chris Buchbinder

Capital Group CEO Mike Gitlin interviews Chris Buchbinder, an equity portfolio manager based in our San Francisco office. Drawing from nearly three decades of experience, Chris explains why he likes to invest in solid companies that are going through a period of crisis. He discusses how he honed that skill during the dot-com implosion, the global financial crisis and the COVID-19 pandemic. “I look for opportunities where others see despair,” he says.

Financial Book of the Month

My Warren Buffett Bible

By Robert Bloch.

A Short and Simple Guide to Rational Investing: 284 Quotes from the World’s Most Successful Investor.

Money Memes and a Little Humor

P.S Did you find value in this newsletter? Don’t keep it a secret! Feel free to forward this email to your friends.

Resources

About Me

Michael Paulding Thomas Financial Advisor, Registered Representative, Securities Principal Series 6, 26, 63, 65, Life

Since 1989 I’ve tried to build my business by offering a second opinion to those who may need investment advice. As a result, my business now comes almost exclusively via introductions from existing clients. So, if you’re approached by a friend who may have questions about investing, please let them know that I will find the time to listen, and I’ll do my best to help.

^{Securities offered through Innovation Partners, LLC. Member FINRA/SIPC}