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elcome to Stocks in Translation, broadcasting from the New York Stock Exchange. I'm Jared Blikre, your host, and with me is Sydnee Fried. Today, we're welcoming back Tom Hayes, chairman and managing member of Great Hill Capital. He's a veteran value investor with over two decades of experience spotting market turnarounds in tech, banks, energy, and now housing.

    Tom joins us to discuss the concept of economic moats, a long-lasting competitive advantage, and where to invest amid market volatility. We'll also be talking about his favorite stock picks, including Stanley Black and Decker, which has an absolute moat and is highly correlated to the home building industry.

    According to Tom, companies with a moat are more likely to thrive in economic uncertainty. He cites examples of corporations in the housing and tech sectors that have the potential to do well despite market volatility. Tom also emphasizes the importance of focusing on undervalued companies with competitive moats.

    We'll be discussing how to identify companies with a moat, including brand moats like Coca-Cola and monopolistic moats like Boeing. We'll also talk about the housing sector, where Tom sees opportunities in home building supply companies like Stanley Black and Decker and Beacon Roofing.

    Tom's favorite stock pick is Brad Jacobs' company, QXL, which he believes will double its earnings due to Jacobs' ability to create efficiencies and roll up the industry. He also recommends Crown Castle, a real estate investment trust that owns cell phone towers and has a strong balance sheet.

    As we wrap up this episode, Tom shares his advice on what everyone needs to know about the market: being consistent in your investing strategy, particularly through dollar cost averaging. He emphasizes the importance of starting with a solid foundation and then diversifying with excess wealth.

    That's all for today's episode of Stocks in Translation. Thank you, Tom, for joining us!