Motley Fool Australia Chief Investment Officer Scott Phillips joined Michael Genovese for Nine's Late News on Wednesday night to discuss the strong economic growth numbers, the tough day for investors, particularly in energy and materials, and the outlook for US markets.
GDP soars and the ASX digests higher rates. Scott Phillips on Nine's Late News
Scott explains the balance between strong economic growth and inflation, and the knock-on effect when energy and materials prices fall.
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Published Scott Phillips is The Motley Fool’s Chief Investment Officer in Australia. He is Advisor of The Fool’s flagship investment service, Motley Fool Share Advisor and the Portfolio Manager of Motley Fool Everlasting Income and Premier Portfolio, as well as running our most premium service, Motley Fool Platinum.
He is passionate about investing, having managed his own portfolio for over 15 years. A dyed-in-the-wool Fool (in the best way), he has been a member of The Motley Fool since 1999.
Scott holds a Bachelor of Commerce (Management) and a Graduate Diploma of Accounting.
Before joining The Fool, Scott worked in various Sales and Finance roles in industry, which has allowed him to see the good, bad and the ugly of corporate management close-up. Giving him a great understanding of the way businesses run – and what separates the business wheat from the chaff – Scott wholeheartedly agrees with Warren Buffett when he said he was a ‘better investor because I am a businessman and a better businessman because I am an investor’.
Scott left a successful career to follow his passion – helping our members achieve the best possible investment returns, and helping Australians learn to better manage their money. It’s no surprise he ended up at The Motley Fool.
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