Institutional portfolio manager, Rob Campbell, explains the concept of suitcase words: words into which people attribute—or pack—multiple meanings. He discusses how honing our language skills can contribute to better investing outcomes.
Highlights include:
- Where the term “suitcase word” comes from—Marvin Minksy, AI, and the Turing Test all feature
- How to combat suitcase words—don’t avoid them, unpack them via candid debate and discussion
- Just what IS a defensive stock? Our view: a company with cashflows that are recurring and durable. Look at the business model, irrespective of sector.
- A perhaps surprising example of a defensive stock we added to from the industrial space (aren’t they cyclical?): Wolters Kluwer N.V.
Listen to the podcast here.
