Last week, Ensemble Capital’s CIO Sean Stannard-Stockton joined two portfolio managers from Parnassus Investments on The Motley Fool Roundtable to discuss recent market volatility and our investment outlooks.

The discussion covered:

• The sorts of businesses that are best positioned to navigate high rates of inflation.
• A shift from the weak demand decade of the period before COVID to a persistently high demand period ahead that is leading to a high pressure economy.
• Why competitively advantaged companies have been disadvantaged by low interest rates and low inflation and why these same companies will be advantaged by higher interest rates and higher inflation.
• Why it is so dangerous for investors to “climb Mount Stupid” and trick themselves into thinking they are experts in certain types of subject areas, like the Russian invasion of Ukraine.
• Why Ensemble, whose strategy is not marketed as an ESG strategy, looks for many of the same characteristics in the businesses we invest in as Parnassus, a pioneer in ESG investing since 1984.

Click on the image below to be taken to the interview.

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