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EssentialThe Essential Conversation

How to Allocate Capital in a Firestorm of Uncertainty

Featuring Dylan Grice and Raoul Pal

Apr 02, 2020 • 79 minutes

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Essential

The Essential Conversation

How to Allocate Capital in a Firestorm of Uncertainty

Dylan Grice sits down with Raoul Pal to discuss the proper framework for successful investing in dark and uncertain times.

Featuring Dylan Grice and Raoul Pal

Apr 02, 2020 • 79 minutes

Dylan Grice, co-founder of Calderwood Capital, sits down with Raoul Pal, CEO and co-founder of Real Vision, to discuss the proper framework for successful investing in dark and uncertain times. While Grice believes that the coronavirus pandemic could trigger the "mother of all credit events," he is seeing bargains all across the asset universe, whether they're in well-known stocks, collateralized loan obligations (CLOs), catastrophe bonds, or uranium. Investors are thus subject to conflicting emotions: wanting to sell everything in order to avoid a market catastrophe, as well as wanting to buy high-quality assets that are trading at fire-sale prices. Grice describes how sophisticated investors, who have been researching specific securities for years and have enough cash to take risk now, can reconcile these conflicting inclinations by holding on to enough cash and, if one must put capital to work, sticking to the mantra, "buy what you know" – staying within what Warren Buffett calls one's "circle of competence." Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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