In today's chat, I talk with an incredibly experienced retail investor, Rahul Sharma of Neev Capital (@Retail_Guru on Twitter) 

Rahul is a former Global Consumer Fund Manager and has worked with Citi and Alliance Capital.

Our discussion begins with the state of the consumer and consumer balance sheets. We talk about consumer sentiment and the inflation that consumers around the world are seeing and feeling in their purchase decisions. We talk about the obvious high comparisons across the consumer discretionary & staples sectors. We dig deep into the concept that many of the most relevant brands are now structurally much stronger and how the best brands used the pandemic to become a better company. The opportunity is to identify the better companies that are still trading for multiples that do not reflect they upgraded business models, margins and growth opportunities. Consumer sentiment is now back to 2009 levels which makes it more like a contrarian indicator as the economy heals and inflation goes lower over time. US housing is still severely supply constrained and high end consumers are still generally flush and willing to spend on important, high priced consumer goods. Rahul answers my question about a handful of brands that he would be comfortable owning for the long-term without much worry.

We talk about the following brands: Dicks Sporting Goods, Target, Williams Sonoma, Home Depot, Lowes, Amazon, Nike, LVMH, Richemont (Cartier)Porsche, Estee Lauder, RH, Nordstrom Starbucks as well as broadly about the discount brands like DLTR and DG

For more information on the Dynamic Brands portfolio: https://www.globalbrandsmatter.com/dynamic-portfolio