Top fund manager Steven Romick says that in the current environment, he’s focusing on companies that will be able to handle inflation well.
“I’m investing in companies we feel can be protected against inflation, with pricing power that could rise as fast as their costs,” Romick says in an interview with BusinessWeek. He also talks about his overall investing approach, and some broader stock market topics, including volatility. “Volatility is more a measure of opportunity than risk,” he says. “It lets me act on the visceral reactions of others. Value is the result of panic selling — irrational, illogical selling. To be good at what we do, we have to be strong financial analysts, strong business analysts, and pretty good psychologists.”
Romick offers a handful of his current investment picks, and explains why he’s high on them. To read the full article, click here.