Who is laszlo birinyi

Have a long-term time horizon. The direction of stocks is random at best over the short haul, but very predictable over the long term. Rather look to capture that middle eighty percent of the move! Now, more than ever, investors are being controlled by fear and greed. Fear that the bear market that ravaged their portfolio five years ago will come back and greed that when stocks move upward we will miss the big move.

Maintain discipline. Look to capitalize on secular trends. We believe energy and health care are two of these trends. Sell number thirty-one! Continually challenge your ideas among yourself as well as your peers. Change when it is appropriate. We know that it is impossible to be right all of the time. We just want to be right over time. Recognize that there are many times when you may be wrong! Remember, a. However, that batter gets out over seventy percent of the time!

Subscriber Account active since. To hear Laszlo Birinyi tell it, investors are constantly trying to talk themselves out of a good thing. The Birinyi Associates founder says market watchers spend a lot of time warning the public that stocks are about to run into trouble, and when those warnings don't amount to much, they move on to the next potential disaster instead of appreciating what ought to be good news. Birinyi notes how that dynamic played out recently when stocks shook off signs that rising inflation was supposed to bring disaster.

He says strategists who had warned that greater inflation would tank the market moved on to warning about "peak" economic growth and a coming slowdown — even though that would make inflation less of a threat.

If this does not make sense to you, then you are not alone. The fear of peak growth is a potent one, conjuring images of weaker earnings, a stock market downturn, and a future recession. But Birinyi, who is known for bullish trades like buying shares of Apple in early and for a consistently bullish stance during the year market expansion in the s, says not so fast. In a recent note to clients, he examined 40 years of quarterly GDP data and found 16 instances of peak economic growth.

While Birinyi isn't warning investors to get out or get ready for trouble, he is telling them not to jump into the latest thematic trend. We ignore these," he said. Instead, what has been rewarding is being patient and sticking to a discipline. He says a market drop isn't necessarily imminent, and high prices don't mean a sell-off is coming.

See more stories on Insider's business page. Laszlo Birinyi is a little frustrated with all the doom and gloom stock market forecasts. He contrasted that with one of his own predictions this year. Sign up for notifications from Insider! Stay up to date with what you want to know. Additional comments. Email optional. Receive a selection of our best stories daily based on your reading preferences. Deal icon An icon in the shape of a lightning bolt.