Sean Stannard-Stockton, CFA, president and chief investment officer of Ensemble Capital shares why conviction in an idea is one of the most under-appreciated elements of a successful investment process and also such a critical element, especially these days. He also explains why "this time is different," how the firm stress-tested portfolios for a pandemic, and gives a brief update on the outlook for the economy.

The Take 15 Series is a collection of illuminating, short conversations with noted economists, best-selling authors, leading researchers, and successful practitioners on topics ranging from geopolitics and whistleblowing to irrationality and outlooks.