“Investors should remain calm following Greek ‘No’ vote, author says”
Tom Warburton in the News
IN THE NEWS: Our firm’s founder, Tom Warburton, was recently featured in the Tulsa Business & Legal News regarding his thoughts on Greece and the recent “Grexit.” This article hits the high points of our thoughts on the matter, but if you would like to discuss more in-depth – or would like a second opinion on your investments in light of uncertainty abroad – please click to Contact Us Here!
Excerpts of the article are below:
“Now, what that means is if you look at all the public companies that are Greek and you added up how much they are worth in the public marketplace, all the companies domiciled in Greece are only worth $28 billion,” Warburton said.
By comparison, Apple Inc. was worth $643 billion at the end of December. “So, here is a single company Apple, in market capitalization, 23 times larger than the entire country of Greece,” Warburton said. “That’s unbelievable and it puts in perspective on how small Greece is.
If Apple announced a downward revision in its earnings and its stock dropped 4 to 5 percent, which happens many times, a 4 to 5 percent decline in Apple’s price would be equal to every Greek company going completely bankrupt, according to Warburton.
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Warburton says he always suggests global diversification. Any stock or any country with indexes and individual security prices can undergo temporary momentum.”As a long-term investor, the trend is up, if you look at the long term trend of equity,” he said. “But the short-term trends are really not predictable and they are always volatile. Frankly, I would not change my investment strategy based on what is going on in Greece today.”
Click here to read the rest of the article at the Tulsa Business & Legal News!
Author: Warburton Capital
Jonathan Hall is the CEO and President of Warburton Capital Management and a member of the Board of Directors. Jonathan has been a member of the Warburton Capital team and a principal of the firm since 2013. As President of Warburton Capital, he manages day-to-day operations, leads the firm’s advisory and operations teams, and directs efforts to attract and retain talent. As a member of the firm’s Board of Directors, he works with the firm’s Founding Principal and the Board of Directors to derive and implement strategic decisions regarding the direction of the firm such as mergers and acquisitions, new lines of business, and business development. Jonathan is a CERTIFIED FINANCIAL PLANNER™ Practitioner; he guides his clients through a life of financial purpose, helping them to define and achieve their goals as a fee-only fiduciary financial advisor. Jonathan earned a B.A. in History, a B.A. in Government, and an M.B.A. from Oral Roberts University, where he served as President of the ORU Graduate Business Association. He further earned a Master of Science in Financial Services (M.S.F.S.) with an emphasis in Financial Planning from Saint Joseph’s University. Jonathan has served as an Adjunct Professor of Finance at ORU teaching Personal Financial Planning and Capital Markets. Jonathan was recognized in 2016 as one of Tulsa’s “40 Under 40.” Jonathan is a graduate of Leadership Tulsa, Class 51. From 2020-2021, he served as the President of the Board of Directors for Emergency Infant Services and had served on that Board since 2014. He served from 2023-2024 as a Trustee at the Tulsa School of Arts and Sciences (TSAS). In 2019, City Councilor Phil Lakin appointed him to the City of Tulsa Sales Tax Overview Committee, representing District 8. In 2020, he was appointed by Governor J. Kevin Stitt to the Oklahoma Commission on Children and Youth, serving as a member representing Business & Industry. In 2022, Governor Stitt re-appointed him to that Commission, and he was elected Secretary by his peers. Jonathan and his wife of 12 years have three children and a beloved family Golden Retriever. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. View all posts by Warburton Capital
