John Fox and his insights on investing were highlighted in the Albany Business Review’s article, “Fenimore CEO’s 3 biggest lessons from the year since the pandemic stock market crash.”
March 23 marks one year since the stock market crashed and bottomed. Compared to 2020, John says 2021 looks favorable, “The stock market is capitalized on corporate profits. If businesses are doing well, prices go up and stock prices tend to follow earnings over time.”
John shared what he believes are the key lessons from the past year:
- “Stick to the Basics” — The fallout from the pandemic reinforced Fenimore’s focus on quality companies that are financially durable and generate cash. By investing in quality businesses, you can be ready for a crash.
“In a downturn, those tend to do better than the market,” John stated.