[The past few years have provided us with plenty of world-altering events, horrifically bad news and massive challenges. I think the big investment story though is not inflation or the pandemics effects on the economy, but how well many management teams responded to these challenges. It is not just what winds are blowing in your face, but what course corrections and strategic decisions you make to address them; maybe even finding a silver lining in some of those storm clouds. This may be the time for investing with an ownership mindset through fundamental analysis and deep understanding of corporate management. This confluence of events may well be shifting the investment universe into a stock picker’s market.
To explore this further, we reached out to Institute member Robert Scharar, president of Houston-based FCA Corp and president and portfolio manager at Commonwealth Funds, who invests with a very practical investment lens focused on business management and the business activity on the ground. His decades of direct investments and participatory business consulting expertise in a wide group of frontier and emerging markets provides a valuable perspective on investing through turmoil and is leading him to call investors towards a great investment reset of focusing on company managements and their business strategies.]
Bill Hortz: How would you…
