The Long-Short 113. Where could geopolitical shocks hit portfolios next?
Nov 19, 2025
This week’s guest is Damien Bruckard, Founder and CEO of Geopolitical Strategy, who has extensive experience as an Australian diplomat and trade negotiator. He dives into the shifting economic and political landscapes reshaping global markets, examining the implications of Trump-era tariffs and the ascent of regional powers like India and the Gulf. Damien also highlights the surge in gold prices linked to geopolitical uncertainties and discusses the potential for a multipolar reserve system. With AI's explosive growth, he outlines new choke points and strategic considerations for investors.
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Geopolitics As A Systemic Market Force
- Geopolitics now moves markets the way climate risk began to a decade ago.
- Damien Bruckard says firms must adopt structured diplomatic-style analysis to manage this systemic change.
Tariffs Are Symbolic, But Rules Are Shifting
- Tariffs and industrial policy are rising but still affect a fraction of global trade.
- Damien warns the bigger shift is the erosion of commitment to multilateral, free-trade norms.
India Rising As A New Power Pole
- Using GDP and GDP per capita, Damien's team projects India rising fastest in national power over five years.
- He expects a mixed bipolar-multipolar world with India as a critical third pole.