Lucas White, GMO - Since Inception Of The Strategy…We’ve Been Buying Companies At A Significant Discount, Yet Our Portfolio Has Had Earnings Growth That Far Exceeded The Broad Equity Market | #278

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 12 January 2021

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode 278, we welcome our guest, Lucas White, a portfolio manager for the Resources and Climate Change Strategies at GMO. In today’s episode we're talking all about resources and climate change as an investment strategy. Lucas sets the stage with why he believes the resource sector offers a huge opportunity and currently trades at an 80% discount to the broad equity market. Then we dive into GMO’s climate change strategy. Lucas explains what led them to focus on climate change and clean energy and officially launch a strategy in 2017. We talk about the allocation to different areas, including copper, food and water. As we wind down, Lucas explains how a traditional value shop like GMO applies their value lens to this growth area. Please enjoy this episode with GMOs’, Lucas White. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Mepp Faber Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Met Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.3	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of
0:31.2	Cambria Investment or its affiliates. For more information opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:39.6	What's up friends?
0:40.4	Another awesome show today.
0:42.7	Our guest is the portfolio manager for GMOs Resources and Climate Change Strategies
0:47.4	and a member of GMOs Focus Equity Team.
0:50.8	In today's episode, we're talking all about resources and climate change as an investing strategy.
0:55.8	Our guest sets the stage, why he believes the resource sector offers a huge opportunity and currently trades in an 80% discount to the broad equity market.
1:04.0	Then we dive into GMOs climate change strategy.
1:07.0	We hear what led them to focus on climate change and clean energy and officially launch a strategy in 2017.
1:12.0	We talk about the allocation to different areas,
1:14.6	including copper, food, and water. As we wind down, our guest explains how a traditional
1:19.6	value shop like GMO applies their value lens to this growth area.
1:24.0	American farmland is disappearing at an alarming rate.
1:28.0	According to the USDA, the US has lost four acres of farmland per minute since 2000.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Idea Farm, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Idea Farm and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.