John Mowrey

The government sits there, but it exists because the American companies pump out earnings.

It's pulling those tax dollars, and then it's creating policy and going around the world and doing what it does.

So I'm focused on the heartbeat.

of the capitalist model, which is the companies.

And so I'm paying close attention to what they're saying, what they're doing with their capital, and the concerns that they have.

So rhetoric is important, but what I would say about rhetoric is you can get lost in the noise of that, because if you had taken rhetoric

out of the White House in the morning and made decisions on that, you know, you would have been surprised in the wrong way with what occurred.

So that's not how we want to run money.

We want to run money based on what the companies are saying and what the policies are coming out of Washington.

I'll tell you this.

I don't listen to – I read.

I don't listen.

And I know it's not like a small thing, but I find that sometimes listening can cause emotional reactions.

And so I like to read, to consume, and then I'm focused on what the companies are saying, what the companies are doing.

And you really got to be looking for where opportunity lies, because if you're looking for headlines, good luck.

No one's going to send you a postcard in the mail telling you when to step into the equity markets.

Yeah, I mean, there's no question they're cheap stocks.

I mean, I'll share this.

And again, I'm biased because I look at stocks all day, and this is what we do.

So, you know, I'm always probably, you know, my bent is to be optimistic.