So you need to know what the other side of the argument is.

You need to know why somebody might be doing the opposite of what you're doing.

You think that stocks a buy, you need to know why somebody thinks it's a sell and really

take that into account.

Because if you, otherwise you end up surprised all the time.

Granted, as investors, we're frequently surprised, right?

It's just a humbling experience, but it's really important to have some of that contradicting

argument.

I'm Chris Hill and that's Liz Young, the head of investment strategy at SoFi.

And she's right.

You and I can have the exact same data about a stock and come to very different conclusions.

But that's what makes a market.

My colleague Mary Long caught up with Liz Young to talk about macro data that matters to

stock investors, why strong Black Friday sales could be less meaningful this time around.

And one sector that's been beaten up a little too much.

You focus on the macro picture.

We cater to individual investors who invest in companies they love and in which they have

high long term conviction.

Why should those individual investors care about the macro?

Well, look, you can do things from what we would call a bottoms up perspective or a top-down

perspective, a lot of individual stock investors tend to err on the side of bottoms up, meaning

they start with the company, they start with the strength of the fundamentals of that company,

...