Dear Reader,

Keith Fitz-Gerald’s recent interview with Ed D’Agostino produced several memorable quotes on markets, mindset, and how to navigate this grinding portfolio uncertainty we’re all experiencing.

In a great discussion on how he finds ideas, Keith mentioned his “Rule of Page 12.” He said:

“You want to identify companies that are on the back page before they become front-page news. Now, most investors do that the other way around… They look at the front page, and they say, Oh, wow, that’s in the news. I better buy some, or I better sell some.”

Keith then went on to list several examples of this “Rule” being useful to his process.

Now here’s a quote from Keith on Meta (Facebook):

“That one for me is a no-go. I mean, I called that one a bug in search of a windshield at $350 and people thought I’d lost my marbles. I did that on national television, much to the amusement of several of my colleagues. I said it would go under $100. They really lost their marbles at that point. But that’s exactly what happened.”

Keith and Ed also did a “lightning round” segment discussing a range of names and getting Keith’s quick opinion. The entire interview was lively, fast-paced, and full of concrete takeaways.

You can read the complete transcript, and see all of Keith’s memorable quotes, when you click here now.

Thank you for reading.

Sincerely,

The Mauldin Economics Team