Core Viewpoint - The article emphasizes the importance of identifying companies with durable competitive advantages and strong balance sheets, and suggests that shares should be purchased when they are available at irrational prices in the market [1]. Group 1 - The focus is on finding great companies that possess sustainable competitive advantages [1]. - Strong balance sheets are highlighted as a critical factor in evaluating potential investments [1]. - The strategy involves buying shares when they are undervalued or offered at irrational prices [1].

Group 1 - The market presents opportunities in companies with strong earnings performance, not only during major crises but also in years of consistent volatility [1] Group 2 - The author has over 10 years of experience in communications and has worked for various economic institutions, indicating a strong background in financial analysis [2] - The author covers different sectors and companies, reflecting a diverse investment perspective [2]

Group 1 - Invesco Dynamic Leisure and Entertainment (NYSEARCA: PEJ) is an ETF that allows investors to participate in the success of stocks within the leisure and entertainment sectors [1] - The ETF appeals to investors interested in businesses that provide products and services related to leisure and entertainment [1] - The focus is on identifying companies with durable competitive advantages and strong balance sheets, aiming to purchase shares when they are undervalued by the market [1]