On the first day of Real Vision Essential's Best of Videos, we're re-releasing this must-watch as we head into 2022. James Aitken has the ear of many of the world's largest hedge funds. In this interview, Raoul and James, founder of Aitken Advisors LLP, discuss whether inflation is here to stay and how that might affect asset prices going forward. James isn't a bond bear, which would be the more obvious trade—instead, he has a much more nuanced argument around the right equities to own (energy companies in particular). James also lends his deep experience on China, learning from his past mistakes to try to understand Xi's big transition of the Chinese economy. Recorded on September 14, 2021.