| Dear Reader, For many SIC 2021 attendees, the most important realization that came out of yesterday’s sessions was that market behavior is largely determined by “narrative,” as SIC speaker Ben Hunt calls it. Inflation happens when people expect inflation—the facts and figures often take a backseat to the stories we as investors tell ourselves and are being told. Fireside chatters and good friends, Ben Hunt of Epsilon Theory and John Hussman of Hussman Strategic Advisors, made their entire conversation about this important concept. Hunt quipped that “it’s the Zombie Apocalypse”—meaning investors’ behavior and market reality are now totally disconnected. But you could sense it in other presentations too, for example, in the fireside chat between David Bahnsen and investment icon Ron Baron. Baron, whose life is a true rags-to-riches tale, shared stories of success and failure from his long career. He bucks the narrative by ignoring transient factors like oil prices, interest rates, or who the next president is and focusing on the big, long-term picture instead. To learn what Baron considers to be the number-one key factor for picking winning stocks, get your (still discounted) SIC 2021 Pass today. Some attendee comments from Day 3: “Great. Virtual SIC was solid last year and even better-executed this year.” “I’ve been blown away, incredible insights and analysis, some of which inspires genuine hope and optimism for the future.” “Wonderfully informative and such a very impressive lineup of presenters.” Everyone was breathlessly waiting for the session with rock star disruption technology investor Cathie Wood... and she did not disappoint. Interviewed by SIC emcee Ed D’Agostino, Wood predicted that the current labor shortages will serve as a catalyst to accelerate the trend to industrial robotics and AI. She believes that by 2035, US GDP will be up to $40 trillion, rather than the expected $28 trillion. To get Wood’s take on the exciting future of healthcare and biotech—and to discover two of her favorite company picks—get your SIC 2021 Pass here. The videos of all Day 4 sessions are already prepared and should be up on the passholders-only webpage soon. There’s still time to catch some of the Day 5 sessions live if you act quickly, including: Mark Yusko, CEO and CIO of Morgan Creek Capital Management, with his famously fast-paced and slide-rich presentations William White, senior fellow of the C.D. Howe Institute and former chief economist at the Bank of International Settlements—the man with the big-picture eagle’s view Investment legend Howard Marks, co-chairman of Oaktree Capital Management, interviewed by John Mauldin Richard Fisher, senior advisor at Barclays, senior contributing editor at CNBC, and former head of the Federal Reserve Bank in Dallas—expect some candid commentary on the Fed’s monetary policies And the always-spellbinding Final Panel with Richard Fisher, Bill White, macro genius Felix Zulauf, and John Mauldin, moderated by David Bahnsen And don’t forget our SIC PLUS Day, where our analysts and several guests will reveal which stocks they recommend buying now. Click here to get your SIC 2021 Pass and save 50%. (This offer expires on May 31.) Best, Mauldin Economics P.S. Remember, thanks to the video and audio recordings, you’re not missing any content... but you’ll want to get this “hot off the presses” information as soon as possible. |
