In Episode 402 of Hidden Forces, Demetri Kofinas speaks with Mark Holowesko, the founding Partner and Chief Executive Officer of Holowesko Partners—a Bahamian-based, value-oriented investment firm that allocates capital across a wide range of industries, geographies, and market capitalizations.
This episode is part of a series in which Demetri interviews value investors, motivated by his concerns about how the global economy's direction and the ongoing geostrategic competition between the U.S. and China will impact asset markets in the coming years.
In the first hour, Holowesko and Kofinas discuss:
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Mark's macro framework and approach to value investing
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His concerns about government debt and its implications for interest rates and inflation
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Trends in global liquidity
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The future direction of the U.S. dollar
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Why Holowesko believes that 2022 marked a long-term turning point for value investing—with enormous implications for investors
In the second hour, Mark and Demetri explore some of the most promising investment opportunities outside the United States—particularly in the UK and Japan—as well as how to assess similar opportunities in China, whether the country is investible, and the risks investors face when deploying capital in Chinese companies and the broader Chinese market. They also delve deeper into Mark's investment process, his views on the role of gold in one's portfolio, opportunities in the U.S. energy sector, and much more.
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Episode Recorded on 02/11/2025
