From Vilas Capital
Please follow the link below to page 20. Because consumer debt to income ratios are below prior economic troughs, as experienced in the early 1980’s and early 1990’s, and consumer wealth has grown 52% from 2007 (from $67 trillion to $102 trillion, largely driven by home equity), which both indicate the consumer is in great shape financially, I think that it is unlikely that we have a recession anytime soon.
Peter Lynch was one of the best growth investors of all time. As the Magellan Fund manager at Fidelity Investments between 1977 and 1990, he averaged a 29.2% annual return. Q1 2021 hedge fund letters, conferences and more The fund manager's investment strategy was straightforward. He wanted to find growth companies and sit on them Read More