Inside the Framework of Conviction

Published on
September 15th, 2017
Topic
Investment Framework, Hard Commodities, Gold
Duration
40 minutes
Asset class
Equities, Commodities

Inside the Framework of Conviction

The Interview ·
Featuring Lewis Johnson

Published on: September 15th, 2017 • Duration: 40 minutes • Asset Class: Equities, Commodities • Topic: Investment Framework, Hard Commodities, Gold

Lewis Johnson is a renowned value investor and he explains his investment framework to Grant Williams, specializing in using cyclicality to grow and preserve clients’ wealth. He sees a trading opportunity in the steel industry - exploiting lower steel prices in the US compared with China and presents his view on gold’s impact on commodities and equities. Filmed on September 4, 2017 in the Cayman Islands.

Comments

  • TA
    Tajassas A.
    27 November 2017 @ 18:37
    Long the solution, short the problem!
  • RA
    Robert A.
    22 September 2017 @ 23:09
    Very talented and credentialed gentleman who FIRMLY believes in his 30 year T's.....but you know...there has recently been a RV interview with an extremely competent gentleman who thinks the negative correlation and the protective aspects of the long T's has been over a "recent" horizon and that going back 200 years there are Many, Many times that Equities and the long T's trade down together----this is the potential "Risk Parity" problem where your 125% leveraged long T's that are supposed to give you balance and protection wind up pushing you further down the rabbit hole. Surprised Grant didn't at least bring this up and let him rebut the premise. Probably wouldn't have mattered though as clearly no one is going to talk this gentleman out of his core convictions!
  • DC
    Dave C.
    18 September 2017 @ 03:10
    What a fantastic find - I thought that Dave Iben could not be equalled but this guy comes close. Was inspired to check out the firms website and uncovered a treasure trove of wisdom in the newsletters there - highly recommended for gold diggers and value investors in general. http://www.capitalwealthadvisors.com/ Good job here Grant in bringing this to our attention.
  • CM
    Chris M.
    16 September 2017 @ 16:48
    Good interview. While he gave some trading tips on steel, and I am not a trader, lots of good stuff on longer term macro. Been considering gold for the first time in my investment life and he made some good points for owning gold.
  • JN
    Jill N.
    16 September 2017 @ 10:22
    Common sense , Communication & Clarity - Congratulations Grant , another carat !
  • ss
    sid s.
    16 September 2017 @ 01:38
    one foot out the door is a good investing strategy .
  • TS
    Todd S.
    16 September 2017 @ 01:04
    Great interview! Well done gentlemen
  • LB
    Louis B.
    16 September 2017 @ 00:13
    Great interview. The best i've watched so far (haven't watched them all). "it's better to be long the solution than short the problem" is a superb way of putting it when one's prime aim when managing client money (or one's own) is to first and foremost preserve capital and protect purchasing power. i'm definitely going to use that phrase from now on with my clients to better express why they own bullion as an asset outside their investment portfolio! Thanks once again RV!
  • JH
    Jesse H.
    16 September 2017 @ 00:06
    Very interesting conversation, and always a pleasure to watch Grant interview. Not sure there are many out there who top him...think I actually prefer him to Charlie Rose.
    • MS
      Matt S.
      19 September 2017 @ 07:57
      Charlie Rose is awful!
  • HJ
    Harry J.
    15 September 2017 @ 19:45
    As rates rise, if they do in my life time, prices will fall and take from the entry value, DUH. So how will that fact promote growth or foster principal preservation? Gold may be Johns growth method b
  • VS
    Victor S. | Contributor
    15 September 2017 @ 19:00
    Lewis knows his business -among the best ever shown ...one point on bonds to KIM - going back to 1961 (57 years) the 10 and 5 year rolling annual inflation rate is making new lows. "IF" INFLATION changes direction gold will do well ,but bonds will be disappointing !
  • NH
    Neil H.
    15 September 2017 @ 17:53
    not sure how anyone is a value investor owning 30 year treasuries after a 35 year bull run. the 10 year today is at 2.20 but was 1.37 only a number of years ago. we fully understand yields could go down further in the next recession but are treasuries a value play here?
    • AA
      Aaron A.
      15 September 2017 @ 18:48
      My thoughts exactly. Has he considered that a potential bond market correction could instigate an equity correction?
  • PU
    Peter U.
    15 September 2017 @ 13:48
    I stand corrected. Towards the latter part of the interview, I learned some additional info. Thank you
  • PU
    Peter U.
    15 September 2017 @ 13:43
    smart guy, but nothing new here
  • LJ
    Lucille J.
    15 September 2017 @ 12:35
    excellent

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