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:
The article ended with John reinforcing that, of course, there are risks. It will be some time before we know the true cost consequences of the federal stimulus spending including whether it leads to a period of inflation and higher interest rates. Fenimore’s Investment Research team will be monitoring these risks while staying focused on the positive signs ahead.