Capital Allocators – Inside the Institutional Investment Industry Louis-Vincent Gave – The Case for Emerging Markets (Capital Allocators, EP.275)
17 snips
Oct 10, 2022 
In this conversation, Louis-Vincent Gave, Founding Partner and CEO of GaveKal, shares his deep insights into emerging markets and the current bear market's leadership transition. He discusses the implications of the U.S. dollar, deglobalization, and China's evolving role. Gave also delves into the complexities of liquidity crises, investment opportunities in Latin America and India, and the strategic use of finance in geopolitical conflicts. His contrarian investment strategies and views on currency dominance post-COVID add fascinating layers to the discussion.
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Market Dynamics
- Financial markets are reservoirs of excess liquidity.
- Markets rise when there's more money than fools and fall when there are more fools than money.
Unique Bear Market
- This bear market differs from others because long bonds are performing worse than equities.
- This creates larger total capital losses than in 2008 when bonds provided a cushion.
Bear Market Leadership
- Bear markets facilitate leadership transitions in markets.
- Current trends favor emerging markets (excluding China) and energy.
