Aronstein – Really Not Interested in the Fed’s Opinion

This is simply an excellent interview. Michael Aronstein, who makes the investment decisions for the excellent Marketfield Fund (was independent now owned by NY Life – also note, some of my clients have position in this fund) makes a great point.

And the point he makes in the first part of the interview is that his investing style is not affected by what the Fed will report in 90 minutes (from the time of this writing). He says he doesn’t even watch TV unless a good golf tournament is on. The lesson is simple: if you are an investor or a trader, you need to do your thing, your plan, your rules. And don’t let “noise” affect your decisions.

One funny part – “I think our analysis is better than the Fed’s”