In the years prior to COVID, Ensemble Capital hosted annual client day events in LA, Seattle, and the San Francisco Bay Area. At those events, we shared a presentation that explored some interesting facet of investing, financial markets, or the economy. In September, we were happy to return to this tradition and add an event in San Diego as well.

While these are private events for our clients, we are happy to begin sharing the core presentation with the wider readership of our Intrinsic Investing blog. This year’s presentation focused on the long arc of the US economy, and in particular the role that productivity plays in driving up economic growth and standards of living, while minimizing inflation.

This presentation was designed for a broad audience and so while it addresses some of the key economic questions of the moment, it does so using a common sense framework that does not rely on the viewer having any detailed understanding of economics.

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