Recovery: Long Way to Go

An earlier post Today’s Economic Backdrop for Investing discussed the framework for investing. Value investors are bottom up investors and contrarian in nature. So, top down macroeconomic forecasts don’t carry a lot of weight (the so called risk-on, risk-off) approach to investing. The premise; forecasting macroeconomics is hazardous (if not impossible) but we can’t ignore reality. We are going through a […]

Brookfield Infrastructure LP (BIP)

Brookfield Infrastructure L.P. (BIP) operates infrastructure assets located in North and South America, Australasia, and Europe providing essential products and services for the global economy. The cash flow is stable with approximately 80% of earnings before interest, taxes, depreciation and amortization (EBITDA) supported by regulated or contracted revenues. The long life assets require relatively minimal […]

Economic Backdrop

Today’s Economic Backdrop for Investing Forecasting the economy (or stock market) is a hazardous undertaking.  Many feel there are just too many variables and interactions to accurately forecast and translate useable top down investment ideas.  Since value investors tend to be bottom up investors and contrarian in nature many ignore top down economic forecasts and […]