MI235: Investing in Uncertain Times w/ Louis Gave

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 15 November 2022

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 02:52 - Louis’s current assessment of the global economy and financial markets. 06:15 - Why Louis thinks the current price of the S&P has not fully priced in the risks of a recession. 07:52 - Is now the time to buy the dip or remain more defensive? 07:52 - How to approach investing in a bear market, and what investments Louis sees as the most promising sectors. 10:39 - Why he believes the energy sector is in a new structural bull market. 17:54 - Louis’s outlook on Chinese equities including Alibaba, and emerging markets. 26:08 - How to construct a well built portfolio using Louis’s 6 building blocks framework, and examples of investments that fall into each. 36:26 - Louis’s 4 quadrant framework used to link different macro environments to an appropriate investing strategy. 40:49 - Why gold hasn’t performed as expected this year in USD terms, and Louis outlook going forward. 47:48 - Why Louis thinks moving to a deflationary bust is not likely. 52:40 - The risk of China de-dollarization, what this means and what implications this would have for global markets. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out: Gavekal Research. Check out Louis’s Book: Avoiding the Punch: Investing in Uncertain Times. Related Episode: Risk Management Techniques & Studying Warren Buffett w/ Max Rudolph - MI193. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Louis: Twitter | Linkedin Connect with Rebecca: Twitter | Instagram HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP. So in these two sectors, I want to buy the dip. You know, when I see energy dipping, yep, I'll buy that. But the reality is you're wasting your time and more importantly, you're wasting your capital. If you're still hoping for the turnaround in Zoom, the turnaround in Facebook, the turnaround in Tesla, that ship has sailed. It's gone. That was the previous bull market.
0:21.7	The current bear market has marked the end of that bull market. Think about what the next
0:25.6	bull market is going to be. It's not going to be in the same place. It never is. Lightning never
0:29.4	strikes twice in the same area. On today's episode, I'm joined by Louis Gov, who is the founding partner and CEO of
0:40.1	Gavcal, which is a financial services company that provides research for institutional
0:45.1	investors, along with money management and portfolio construction tools.
0:50.0	He is also the author of seven books, including his latest, Avoiding the Punch, Investing in
0:56.2	Uncertain Times. During this episode, Louis discusses his current assessment of the global
1:02.4	economy, why he thinks the market has not fully priced in the risks of a recession, and how
1:08.1	far he thinks the market could still fall. Louis also shares his best advice on
1:13.3	how to invest in a bear market, is now the time to buy the dip or remain more defensive.
1:19.7	He also talks about how to construct a well-built portfolio using his six building block framework
1:24.9	and gives examples of investments that fall into each category.
1:29.1	He also talks about what investments he sees as the most promising going forward, his
1:34.4	outlook on Chinese equities, and the risks around investing in China, including the
1:40.0	de-dollarization of their economy, what this would mean for the U.S. and global markets, and so much
1:46.3	more. I also just wanted to share one quick announcement before we get into the episode.
1:52.5	We are currently looking for a financial writer to join our team full time to support our new
1:58.2	newsletter. So if you're interested in joining our team, writing for our newsletter, then please go to
2:04.8	Theinvestorspodcast.com slash careers and you will find all the information on how to apply
2:11.2	there.
2:12.1	So without further ado, let's jump into the episode.
	...

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