Prepare, Don’t Predict: Investing Through Uncertainty with Scott Phillips

Most investors are trying to predict the market. Scott Phillips has spent decades learning why that is the wrong job.

Joe Shew and Sam MacDonald sit down with the Chief Investment Officer of The Motley Fool Australia for a straight conversation about where we sit in the cycle, what the recent budget has already changed, and why being right about a technology is very different from being right about its price. No forecasts, no noise, just the thinking behind decades of decisions.

Here's an Overview of What Was Covered:

Why preparing for a range of outcomes beats predicting one, and how to ask what if I am wrong

Prepare, Don’t Predict: Investing Through Uncertainty with Scott Phillips

Here's an Overview of What Was Covered:

Why preparing for a range of outcomes beats predicting one, and how to ask what if I am wrong

Where we sit today compared to 2007 and 2008, and the trap in assuming this time looks the same

How the recent Australian budget has already shifted investor behaviour away from property

Why Scott is deeply bullish on artificial intelligence as a technology yet cautious on the prices being paid for it

The question that matters most in any theme: where in the value chain does the value actually get captured

The three things Scott would tell any investor: expect volatility, buy quality at a reasonable price, and add regularly