What Investors Need to Know About Geopolitics with Marko Papic
Excess Returns
00:00
Do You Think the Market's Getting Wrong?
I think what the market is completely mispricing is that the Russians will, at some point, no longer have an interest in not making money off of natural gas sales to Europe. And I think there's been way too much bearishness about Europe and how they made a ton of mistakes leading up to the conflict. But once the conflict happened, they actually crushed it. The counterintuitive way to play this would be to go long European industrials, which have basically priced like some sort of feudal medievalization.
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