Vincent Montemaggiore: ‘The Two Best Defenses Against Tariffs Are a High-Gross Profit Margin and Pricing Power’

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 15 April 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

A veteran global investor gauges risk and opportunity in current markets.

Transcript

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0:00.0	Trading Eschwab is now powered by Ameritrade. Unlocking the power of Think or Swim, the award-winning
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0:10.0	trades in a new light on Think or Swim desktop with robust charting and analysis tools, all
0:15.0	while you uncover new opportunities with up-to-the-minute market news and insights.
0:19.2	Thinkerswim is available on desktop, web, and mobile to meet you where you are.
0:23.6	It's built by the trading obsessed to help you trade brilliantly.
0:27.6	Learn more at Schwab.com slash trading.
0:30.1	Please stay tuned for important disclosure information at the conclusion of this episode.
0:36.5	Hi, and welcome to the Longview.
0:38.0	I'm Dan Levkovitz, strategist for Morning Star Indexes.
0:41.2	And I'm Christine Ben's Director of Personal Finance and Retirement Planning for Morning Star.
0:45.7	Our guest this week is Vincent Maggiore.
0:48.3	Vince is a portfolio manager at Fidelity where he manages the overseas fund.
0:52.3	The strategy is highly regarded by Morningstar's manager research team.
0:55.7	Prior to taking over Fidelity Overseas in 2012, Vince ran Fidelity Select Banking from June 2008.
1:02.5	He joined Fidelity as an equity analyst in 2004.
1:05.6	Vince has a bachelor's from the University of Pennsylvania and an MBA from Columbia Business School.
1:10.3	Vince, welcome to the Longview.
1:12.1	Thanks for having me.
1:13.6	Absolutely.
1:14.7	So we're recording this interview just a few days after major tariff announcements from
1:19.2	the Trump administration, Liberation Day, and we're seeing a lot of market turmoil in response.
	...

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