So particularly for these of you from different components all over the world, chances are you’ll be watching us, right here within the U.S. and questioning ‘What the heck is occurring?’ I need to validate that that will really feel fairly scary. For those who’re an investor, chances are you’ll really feel like, ‘What is that this going to do? Is capitalism protected?’ I wished to simply first validate no matter you feel — whether or not it is worry, anger, frustration — know that you’re not alone, that’s legitimate.
However, I do need to offer you somewhat little bit of historic perspective right here. Political protest has been round for a very long time right here within the U.S. We do not know the particulars of this, and since we’re not a political present, we’re not going to get into the particulars of this. However what we do know traditionally is that capitalism has survived and the inventory market has survived a whole bunch of years of turbulent occasions. The enterprise of investing in superb companies, that is nearly as good of a course of because it has ever been.
What a time for us, guys, to be speaking about mindset. It is particularly in occasions like this, and I am going to simply say for myself right here with out projecting on anyone else. My first response to this was anger, frustration, unsettled, unnerved. After which I’ve to tug myself again and say, however the enterprise of investing goes on. The enterprise of investing goes on, I do know that is true. I do know the standard companies I maintain proceed to be distinctive high quality companies, and that has not modified.