I was on a panel discussion at the Abu Dhabi Finance Week and I was asked the question, "What I was looking at in the markets in 2024?"
I gave a rather unusual answer that it is impossible to predict the market and economy and instead what I'm looking at are great businesses.
1. Cash and Cash Flow: Understand the intrinsic value of companies by focusing on their ability to generate and hold cash over the long term.
2. Certainty in Investments: Emphasize the importance of backing investments with solid fundamentals to ensure stability and predictability.
3. Margin of Safety: it's essential to incorporate a margin of safety in your investment strategy to protect against market and economic uncertainties.