State of the Market 2019 | Phil Town

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State of the market 2019

• America has a strong economy
• Keep your money in cash
• Search for wonderful companies
• Build up your watch list

5:09 - 5:52/ 8:41
Market valuation vs GDP - 20%, the age of Warren Buffet invested more than a few decades ago as a young man.

20% - compared to GDP when Warren Buffet invested

Right now, related to GDP, the price is higher than memory, 175% of GDP.

6:20
Build a watch list of wonderful business - how to do it?

Every 10 years or so, economic storm ...

The moat company will take market share ...

7:34
Most of companies are not selling right now, the price is high.