A Turning Point for Value Investing | Mark Holowesko

Hidden Forces

Demetri Kofinas

Government, Business

4.8 • 1.6K Ratings

🗓️ 17 February 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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:

Mark’s macro framework and approach to value investing
His concerns about government debt and its implications for interest rates and inflation
Trends in global liquidity
The future direction of the U.S. dollar
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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Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 02/11/2025

Transcript

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0:00.0	What's up, everybody?
0:02.1	My name is DeBedric Afinas, and you're listening to Hidden Forces, a podcast that inspires investors,
0:09.0	entrepreneurs, and everyday citizens to challenge consensus narratives, and learn how to think critically
0:15.2	about the systems of power shaping our world.
0:18.7	My guest in this episode of Hidden Forces is Mark Holoesco, the founding partner
0:23.3	and chief executive officer of Haloesco partners, a Bahamian-based value-oriented investment firm
0:29.4	that invests across a wide variety of industries, geographies, and market capitalizations.
0:35.1	This is one of a series of episodes that I'm recording with value
0:38.4	investors motivated by my concerns about how the direction of the global economy and the ongoing
0:43.9	geostrategic competition between the U.S. and China will impact asset markets in the years to come.
0:50.5	In the first hour, Mark and I discuss his macro framework and approach to value investing,
0:55.6	his concerns about government debt and its implications for interest rates and inflation,
1:00.0	trends in global liquidity, the future direction of the U.S. dollar, and why he believes that
1:04.9	2022 marked a long-term turning point for value with huge implications for investors.
1:12.0	In the second hour, Mark and I discussed some of the more promising investment opportunities
1:16.0	that exist outside the United States, in particular within the UK and Japan, as well as how
1:22.1	to assess similar opportunities in China, whether the country is investable and the risks
1:26.8	investors face when putting capital to work in Chinese companies and the country is investable and the risks investors face when putting capital
1:28.6	to work in Chinese companies and the Chinese market.
1:32.0	We also discuss more about Mark's investment framework, his views on the role of gold in
1:36.6	one's portfolio, opportunities within the U.S. energy sector, and much more.
1:41.6	If you want access to that part of the conversation and you're not already
	...

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