With Michael Farr, Chairman of the Investment Committee of Farr, Miller & Washington LLC, Author and Financial Media personality, Philanthropist
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Michael is a well-respected finance professional and a paid contributor to CNBC television and other shows. He shares his insights on macroeconomics, the positives and the negatives of the Federal Reserve’s role in our economy, and how the Fed risks losing credibility by having its fingers in too many pies while overly interfering with the natural flow of the free market system.
Michael also shares his views on the soundness of the U.S. economy relative to China and other economies, and how this has driven recent gains in the U.S. dollar. While some see other currencies as possible replacements to the dollar’s supremacy, Michael has his own views on the matter. He also addresses portfolio diversification and how to beat the market over the long-run with minimal churn. As Steve says, timing is not the key but time is the key!