Here’s a long-term investor’s perspective on tariffs.
Transcript:
GEORGE SEAY: Well these things kind of escalate. And if you if you put tariffs on other countries, they’re going to put tariffs on us. And we’re much stronger than them. So they’ll they’ll yield before we do. But it’s really bad for global growth in the aggregate. It’s bad for domestic growth specifically to us. I don’t see this changing anytime soon. I think this is the president’s been very clear. This is something he believes in and wants to produce. And I think Warren Buffett’s been very clear saying this is a tax and it is a tax. It’s a tax on foreign countries. It’s a tax on the American consumer. And it’s going to lead to inflation. It’s going to lead to higher prices for everything. And it’s it’s not good for economic growth. So am I in favor of this? Absolutely not. Will it play out any way. Absolutely so we’re going to have to live with this. It’s part of part of the world we live in currently.
I’m a very long term investor, so I make my investments based on what I think is going to happen five or even 10 years down the line. So I’m not a trader. I don’t do do things day to day or even month to month. I am very long commodities right now though. I think inflation is here to stay for quite a while, and I think natural gas is going to be high for a long time to come after a 10 year period of very soft prices on that. So I’m really focused on commodities. I’m focused on overseas stocks, I’m focused on value stocks, I’m focused on all the things that have been out of favor for about the past 15 years, because I think the worm is going to turn.
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