Walker Webcast: The Motley Fool’s Tom Gardner on Virtues and Values in Investing
For a man whose life’s work is all about the numbers, The Motley Fool CEO and co-founder Tom Gardner spends a lot of time discussing philosophy. So found listeners of the Walker Webcast on February 23, when host Willie Walker, CEO of Walker & Dunlop, spent an hour in thoughtful repartee with Gardner as he applied the concept of virtues and values to topics such as current stock market conditions, smart investing strategies, the potential (or not) of cryptocurrency and more.
For example, when it comes to selecting companies in which to invest, Gardner consistently turns to an evaluation of the CEO’s character as much as the company’s metrics. “For a company to succeed, the CEO must demonstrate an all-in attitude and a 10-year commitment,” said Gardner. “And just as important, a CEO must express care and concern about the well-being of all stakeholders, from employees to board members to individual investors.”
Similarly, Gardner had some words of wisdom about the character of cryptocurrency and the potential for bad actors behind it. “In my opinion, 90% of cryptocurrencies are going to end up worthless, because they are being created with the sole intent to enrich to creator,” said Gardner, who also points out that such narrow self-interest could be defined as fraud. However, given the sheer volume of cryptocurrencies available, that remaining 10% represents a large number with a lot of potential. “The key with crypo is to invest in something that was created for a specific purpose, service, or benefit to the user.”
Finally, he took the time to point out that today’s market is in a highly unusual condition, one that takes quite a bit of mental courage to stomach. “We’re not in unprecedented times akin to the 1970s,” said Gardner. “But we in an environment that makes it critical to uphold to one of my primary tenants: Play the long game and set your investment goals for five to 10 years. Let your winners run.” He further recommends that nervous investors keep their sanity right now by not even checking their investments (while acknowledging how challenging that may be for some).
The Motley Fool Investing Philosophy
Buy 25+ companies over time
Hold stocks for 5+ years
Add new savings regularly
Hold through market volatility
Let winners run
Target long-term returns
On-demand replays of the February 23 webcast are available by clicking here and through Walker & Dunlop’s Driven by Insight podcast series.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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