How to Invest in Uncertain Times w/ Louis Gave (MI235)

Rebecca Hotsko chats with Louis-Vincent Gave. In this episode, they discuss Louis’s current assessment of the global economy, why he thinks the S&P has not fully priced in the risks of a recession and how far it could still fall, Louis’s advice on how to invest in a bear market, is now time to buy the dip or remain more defensive, how to construct a well-built portfolio using Louis’s 6 building block framework and examples of investments that fall into each, what investments he sees as the most promising sectors, his outlook on Chinese equities, including Alibaba, and emerging markets, his thoughts on whether we are heading into a deflationary bust or not, his outlook on the risks around China and the de-dollarization of their economy, what this would mean for the US and global markets, and so much more!   

Louis is the Founding Partner and CEO of Gavekal, a financial services company that provides financial research for institutional investors, along with money management and portfolio construction tools. In addition to overseeing Gavekal's money management business and contributing to our research, he is the author of seven books. The latest, Avoiding the Punch: Investing in Uncertain Times.  

IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:32 - Louis’s current assessment of the global economy and financial markets
00:04:14 - Why Louis thinks the current price of the S&P has not fully priced in the risks of a recession
00:05:53 - Is now the time to buy the dip or remain more defensive?
00:06:14 - How to approach investing in a bear market, and what investments Louis sees as the most promising sectors
00:08:45 - Why he believes the energy sector is in a new structural bull market
00:12:33 - Louis’s outlook on Chinese equities including Alibaba, and emerging markets
00:21:07 - How to construct a well-built portfolio using Louis’s 6 building blocks framework, and examples of investments that fall into each
00:31:55 - Louis’s 4 quadrant framework used to link different macro environments to an appropriate investing strategy
00:36:45 - Why gold hasn’t performed as expected this year in USD terms, and Louis’ outlook going forward
00:40:07 - Why Louis thinks moving to a deflationary bust is not likely
00:51:07 - The risk of China de-dollarization, what this means, and what implications this would have for global markets. 

✔️ Subscribe to the Millennial Investing channel: https://bit.ly/3BvnN41
🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/millennial-investing/investing-in-uncertain-times

📖  BOOK MENTIONED:
- Avoiding the Punch: Investing in Uncertain Times by Louis-Vincent Gave: https://amzn.to/3Uut2ax

▶️ RELATED EPISODE:
- (MI193) Risk Management Techniques & Studying Warren Buffett w/ Max Rudolph: https://www.theinvestorspodcast.com/millennial-investing/risk-management-techniques/

💡 OTHER RESOURCES
- Connect with Louis: https://twitter.com/Gavekal
- Check out Gavekal Research: https://research.gavekal.com/
- Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a special $140 discount: https://bit.ly/3PVyNfF

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WHO I AM:
I’m Rebecca Hotsko, an investor and entrepreneur 💼 based in Canada; co-founder of a luxury boat ⛵ sharing club in Kelowna, British Columbia. I graduated from the University of Saskatchewan with a bachelor’s degree 🎓 in Economics and completed CFA levels I and II. I gained valuable experience working as an analyst for the Bank of Canada 🏦, the federal energy regulator, and in investment management. My passion for teaching others how to invest using time-tested strategies backed by empirical data led me to create an investing blog 💻 in 2020.

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GET IN TOUCH WITH ME 💬:

I’d love to hear from you! Send me a tweet 🐦 directly at https://twitter.com/rebecca_hotsko if you’d like to have a quick exchange of thoughts!

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❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.