Tom Michaud

speaker

480 appearances 1 recordings 1 series first heard Jun 2026 last heard 3 Jun

Tom Michaud’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

Appearances

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The Master Investor Podcast with Wilfred Frost · “We’ve Seen the End of Times”: Tom Michaud on Market Extremes, IPO Red Flags, and 9/11 · 3 Jun 2026 podcast

And I'm also very grateful for my parent company, Stiefel Financial, which has been very receptive of everything we've done to recognize 9-11.

But as far as investment advice goes, you told me that question was going to come and I didn't have to think long because there are three rules that I tell everybody that I think are important to me and I think are important.

The first is the best investment strategy I've seen in 40 years is buying the trophies when they're on sale.

I love buying best-in-class company stocks when I can.

Now that I'm a senior executive, compliance-wise, not as much as I can do.

But I think buying the best companies, because what you're doing when you do that is you're buying their management teams to figure it out for you.

And I think just go with the winners if you buy them at a great price.

And then as the market has become more index focused, remember probably 35, I think it's 35% of the market is owned by these index funds or closet index funds or quant funds.

So stock picking is going to become more important.

I like doing that.

The second is the pendulum.

We've talked about it already.

The pendulum of the markets are becoming more extreme because of the technical investors and the passive investors.

So the pendulum doesn't stop where it does, it should, it goes too far.

So as Warren Buffett said, be fearful when others are greedy and be greedy when others are fearful.

So when the market tanks and it looks really bad and you can't think it could go any lower, that's usually a good time to buy.

And I've actually done that myself.

I'll buy index funds because rarely does the world really come to an end when you're reading the headlines, okay?

Because there'll be a response that fixes things.

Then the last thing is to be able to do that, you can't be over levered.

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