Investing Unscripted 197. Investing Through Chaos
Mar 18, 2026
They run through market chaos from oil spikes and tariffs to the AI scare in software. They explain recent buys in industrials and renewables that aim to weather macro volatility. They debate AI strategies at major software names and flag hidden risks in the booming private credit market. The conversation keeps circling back to process over headlines when investing through uncertainty.
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Stick To Your Proven Investment Process
- Do avoid changing your long-term investment process because of short-term chaos; stick to a process that has worked for you.
- Jason says he mostly kept his process intact and made buying decisions consistent with his usual criteria during this period.
Why Jason Bought Phinia After The Spinout
- Jason bought PHIN (Phinia) after it spun out from BorgWarner because it makes engine components and is insulated from current macro noise.
- He views it as durable across EV timelines and useful for hybrids and developing markets still using ICE vehicles.
Renewables Winners Require Contracted Cashflows
- Renewable power developers with long-term contracted cashflows offer investor-friendly predictability despite manufacturing commodity headwinds.
- Jeff bought Clearway because it builds projects with 20-year contracts, financing clarity, and predictable cashflow growth.