There is an interesting dichotomy in the growth investing space in that growth stocks as a whole tend to underperform the market over time, but the best performing individual stocks in the market also typically come from the growth space. This puts a premium on the ability to separate the winners from the losers for growth managers. Our guest this week has produced a very strong record of doing exactly that.
We speak with Rick Schmidt, Partner and Portfolio Manager with Harding Loevner. We discuss their process for selecting quality growth companies and the criteria they use within it. We also cover the impact of macro factors on growth investing, the current valuations in the growth space and the important attributes of good brands and management teams.