Around the World with Mark Yusko

Published on
May 19th, 2017
Duration
63 minutes

Around the World with Mark Yusko

The Interview ·
Featuring Mark W. Yusko

Published on: May 19th, 2017 • Duration: 63 minutes

Top hedge fund manager Mark Yusko takes Real Vision on a whistle stop tour of the globe, highlighting everything that’s wrong in markets today. Alongside a review of his predictions so far for 2017, including a bearish view on the dollar, Morgan Creek’s man has Tesla and the risks in ETFs in his crosshairs. Among the opportunities to seize are China’s technology leaders, certain emerging markets and bombed out Greek banks. Filmed on May 4, 2017, in the Cayman Islands.

Comments

  • kh
    kaltops h.
    4 July 2017 @ 05:24
    Great interview Grant, Mark as always at his finest. Clarity of ideas, please try to line up Steven Bregman on the dangers of ETFs, Jim Rogers again on his recent pronouncements of an impending market correction and lastly Jim Chanos if possible
  • MC
    M C.
    30 May 2017 @ 19:25
    Some really great points and very insightful but lost me on the ETF section - also looked up Steven Bergman (mentioned). I think it's a case of active managers talking their book and their pay cheques. Many examples of the ETF technology working through stressed markets. What ETFs have done is rationalize cost. A manager needs to prove they are unequivically worth 2/20, 1/10 etc.
  • RA
    Robert A.
    28 May 2017 @ 22:24
    Boy I sure like listening to people who do their homework. Mark and Grant never disappoint. As much as I like listening to well reasoned arguments, I REALLY like listening to arguments that have a great foundation based upon research and slipping a plane through mountains of accurate data.
  • RS
    Regimantas S.
    28 May 2017 @ 09:30
    ''Well let's go back to Greek banks and talk about doubling our money'' :D Amazing global macro view! Love it!!!!
  • TT
    Timothy T.
    26 May 2017 @ 06:14
    Great interview. Common sense driven investment advice
  • PS
    Parker S.
    26 May 2017 @ 04:23
    Lots of great stuff, but I would like to point out one thing... Mark's comments on Tesla were very inaccurate. I'm not trying to say that their multiples are justified, or that eventual bankruptcy isn't a possible outcome. What I am saying is that he didn't even consider the other possible outcome... the one where they are not "just" a car company. Yes they produce cars, but they are also engineering an entire ecosystem with their solar roof and household battery packs. Ecosystems worked pretty well for Apple. He was also way off base to say that cars sit around collecting dust 90% of the time. That may be the case right now, but there are some huge developments happening which very well may change that. Once cars become fully autonomous, your car could be driving around earning you money while you're at work. Now they're going up against Uber as a transportation logistics technology company. In short... there's a lot more going on that he very clearly disregarded. Whether he's right in the end... anyone's guess.
  • CM
    C M.
    26 May 2017 @ 02:25
    Excellent video on the ETF Divide. You can view it on Vimeo.
  • CM
    C M.
    26 May 2017 @ 00:41
    Always enjoy Mark's comments. For someone who is not into technical analysis, appreciate the macro videos.
  • gg
    gurdeep g.
    25 May 2017 @ 21:47
    Video of the year! Guest of the year! Enough said, Yusko is a general
  • BF
    Bruce F.
    25 May 2017 @ 20:35
    Brilliant conversation. Another reason why real vision in REAL!
  • CE
    Carol E.
    25 May 2017 @ 10:51
    Grant's suggestion, to get Steven Bregman's "On the ETF divide" was the most valuable comment during the 60 minutes of MY's trite comments.
  • CE
    Carol E.
    25 May 2017 @ 10:43
    Grant...please take care of yourself. You don't look well.
  • CM
    Catherine M.
    23 May 2017 @ 19:02
    your best interview yet. Absolutely brilliant in its clarity and simple logic. just drawing up a list of people i have to send it to!
  • CJ
    C J.
    23 May 2017 @ 18:00
    Isn't morgan creek just a fund of funds? With very poor returns at that (its public info on their website) so 1) how is he a HF mgr? 2) if this guy is so smart why isn't he managing money vs just raising money to give to other guys to run? I'm confused as to why his opinions are so valuable...
    • DC
      D C.
      24 May 2017 @ 19:40
      Agreed...just like many of the other talking heads, we need to put up their long term performance numbers then decide how much weight to put into their opinions.
  • DF
    Dominic F.
    23 May 2017 @ 11:19
    One of my favourites. Mark is such a smart, articulate guy. Great topics Grant, one after the other all relevant, fantastic discussion. Thought provoking and cuts through the BS. Brilliant :-)
  • SD
    Stephen D. | Contributor
    23 May 2017 @ 03:30
    On Greek banks Alpha Bank is the biggest and, in my limited experience with them, pretty well run- for a Greek financial company. Symbol is Alpha. It has some analyst coverage from international houses. and John Paulson is the 2nd largest shareholder. Too big to fasil in Greece.
  • VM
    Vincent M.
    23 May 2017 @ 00:34
    Saudi's / emirates to buy the USD that the Chinese are selling. I think comment on passive might as well have been don't buy anything in an index. Oil tracking the USD imo...
  • LS
    Leo S.
    22 May 2017 @ 19:50
    Wow. Love a good macro analysis.
  • KS
    Kim S.
    22 May 2017 @ 10:30
    Great insight! Doesn't know much about turkeys though ;)
    • CE
      Carol E.
      25 May 2017 @ 10:37
      Mark talks in analogies. That is an indication he doesn't know what he is talking about.
  • GB
    Gerrit B.
    21 May 2017 @ 17:04
    Any ideas about what Greek banks would be good value for money?
  • EL
    Edward L.
    21 May 2017 @ 16:01
    another brilliant value to subscribers
  • AB
    Andrew B.
    21 May 2017 @ 10:31
    Thoroughly enjoyable - lots of little tiny snippets thrown in there - the Hormel/Campbells/XON(& how it stretches) really good.
  • ML
    Mike L.
    21 May 2017 @ 05:39
    I think this is my favorite interview so far... simply because I understood about 90% of it :)
  • TS
    Thomas S.
    21 May 2017 @ 02:08
    Great interview!. Would have liked a little more reasoning for the bear dollar position. $ is overvalued using McDonald s index. However, supply/demand favors stronger $. I would also debate Abe is a great leader or Abenomics has any long term teeth. Time will tell
  • JD
    John D.
    21 May 2017 @ 00:39
    Great Stuff ... One of Your Best...
    • CE
      Carol E.
      25 May 2017 @ 10:39
      I found the interview to be extremely trite.
  • NH
    Neil H.
    20 May 2017 @ 20:03
    A lot of repetition from the past interview with mark.was hoping for more insight.time to bring back Dan tapiero
  • AD
    Arvydas D.
    20 May 2017 @ 16:27
    Tesla chart, whats that about?
    • FS
      Fred S.
      21 May 2017 @ 14:54
      Maybe denominated in bitcoin??
  • IO
    Igor O.
    20 May 2017 @ 16:03
    Come on. Mentioning criptocurrency and not talking about it? That's just mean.
  • HJ
    Harry J.
    20 May 2017 @ 15:20
    Grant, your the best! Need more actionable thoughts...... Thanks for your efforts
  • T~
    Tshort63 ~.
    20 May 2017 @ 10:14
    Great fun to watch, tremendous value and articulation. Makes my weekend.
  • JM
    James M.
    20 May 2017 @ 10:11
    Yet another insightful interview from a classic Ben Graham value manager. I have a question on the USD play. When the USD imploded in 2008/09 I think it was primarily because the global credit implosion started in the USA via subprime and took some time to reflect in other currencies. However the next global implosion which may be ignited via Debt, CB action/inaction, Geopolitical, Ecological, Wealth Disparity, Trump incompetence, immigration, to name just a few, the result would be a flight to safety. After the initial inflows to Gold, Crypto, the last possible asset available in the volumes required to accommodate the demand for safety surely has to be the 10yr Treasury. So this I think must lead to an excessive demand for USD? Add to this the devaluation of the Yen as is required I think by Japan and a possible need for the Chinese to weaken the Yuan at a later stage It suggests to me that the USD has one last stand before its departure. Yes Trump requires a weaker USD to accomplish any of his stated objectives, However putting any faith in him or his administration is tantamount to financial suicide I think.
  • AH
    Anders H.
    20 May 2017 @ 08:17
    Agree Ryan, might be a bear forecast included unintentionally :-)
  • JS
    John S.
    20 May 2017 @ 08:08
    thoroughly enjoyed this wide ranging interview
  • IA
    Ibrahim A.
    20 May 2017 @ 06:49
    I'm always left a little disappointed by MY. Lots of catch phrases but very little to no original thought process or meaningful analysis.
    • CE
      Carol E.
      25 May 2017 @ 10:41
      So true! MY says nothing I haven't heard from my 16 year old.
  • RC
    Ryan C.
    20 May 2017 @ 05:16
    If the TSLA chart at 42:33 is supposed to be of the share price, it's incredibly incorrect. Am I missing something?
    • vt
      vadim t.
      20 May 2017 @ 10:13
      It's a wishful thinking from the short side.)
    • MS
      Matt S.
      20 May 2017 @ 13:01
      Agreed, the chart is not even close.
  • WE
    William E.
    19 May 2017 @ 21:40
    Mark / Grant - Come on guys have an opinion, take a position...get off the fence! Just kidding! Great discussion that will require me to listen at least 1 if not 2 more times. Many thanks for helping round out my thinking.
  • VK
    Viresh K.
    19 May 2017 @ 21:18
    Hahaha, the bit from debating ideas, the Keynes quote and the Seth Klarman impression from Mark is identical to the last interview. Really good interview, good job both.
  • RD
    RP D.
    19 May 2017 @ 21:16
    Yusko = Edge
  • AH
    Andreas H.
    19 May 2017 @ 20:39
    Love it! Very good interview!
    • AH
      Andreas H.
      19 May 2017 @ 20:50
      Great, Great, Great, looking forward to next time!!!