“What do we want to own when things are cheap?” is the question driving great investor David Giroux on a daily basis.
Giroux is the Chief Investment Officer and Head of Investment Strategy for T. Rowe Price Investment Management. His reputation as a great investor has been earned as the Portfolio Manager of T. Rowe Price’s Capital Appreciation Fund, which he has run since 2006.
It’s been a rough year for the markets and Capital Appreciation, although it’s down less than the market and its category. In this weekend’s episode, Giroux will give us his view of the state of the market, its risks, and potential rewards.
WEALTHTRACK Episode #1915 broadcast on October 07, 2022
Listen to the audio-only version here:
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- Chief Investment Officer & Head of Investment Strategy, T. Rowe Price Investment Management
- Author, Capital Allocation: Principles, Strategies, and Processes for Creating Long-Term Shareholder Value
CHECK YOUR STOCK PORTFOLIO FOR INCREMENTAL BUYING OPPORTUNITIES
“Markets are at their most inefficient as participants narrow their time horizon and lose focus on corporate fundamentals.”
Added to equity names where he has high conviction over the long term.
ELECTRIC VEHICLE WAVE
Buy NXP Semiconductors (NXPI)
Texas Instruments Inc. (TXN)
NXP Semiconductors NV (NXPI)
Apple Inc. (AAPL)
Microsoft Corporation (MSFT)
Alphabet Inc. Class C (GOOG) / Class A (GOOGL)
Amazon.com, Inc. (AMZN)
Meta Platforms Inc. (META)
General Electric Company (GE)
FROM THE ARCHIVE
David Giroux from the WEALTHTRACK Archives:
David Giroux has many demands placed on his time running T. Rowe Price’s $80 billion capital appreciation strategy, as well as that of the firm’s Investment Management business. The new member of Barron’s Roundtable is also sought after by the press, clients, and colleagues. None of them have altered his priorities.