Louis Gave with David Hay

Published on
July 3rd, 2015
Topic
Fund Structure, China, Positioning
Duration
33 minutes
Asset class
Bonds/Rates/Credit, Currencies

Louis Gave with David Hay

The Interview ·
Featuring Louis Gave

Published on: July 3rd, 2015 • Duration: 33 minutes • Asset Class: Bonds/Rates/Credit, Currencies • Topic: Fund Structure, China, Positioning

Two favorites of Real Vision subscribers get together to exchange ideas as David Hay, CEO of Evergreen Capital, interviews CEO and Co-Founder of Gavekal Dragonomics, Louis-Vincent Gave. In this timely discussion, Louis explains how the Western mindset on China is causing many investors to miss the boat, why the November IMF meeting will be crucial in determining the future of the Renminbi, and how China's market roulette mentality can lead to extreme economic cycles.

Comments

  • ST
    SAHIL T.
    18 September 2015 @ 20:49
    Let's bring him back, please. Interested to hear his thoughts after the recent events which may have caused him to amend his central thesis.
  • AA
    A A.
    23 August 2015 @ 15:49
    Will be good to get Louis' perspective in light of latest yuan devaluation on RV TV!
  • DM
    Dennis M.
    21 August 2015 @ 18:16
    Hindsight, but thr yuan was devalued. I'd be interest in Louis' comments in light of that move. Does become less bullish?
  • DU
    Don U.
    18 July 2015 @ 00:14
    Agreed China will try to present itself as being a worthy SDR currency but that will probably be denied Then what?
  • JW
    John W.
    10 July 2015 @ 23:08
    louis clearlylays out the potential for the downturn BUT followupinterview clearly needed to fully evaluate his insight/message...as with any manager, they need to do well in up AND down cycles..
  • JO
    John O.
    10 July 2015 @ 04:47
    It's fine to be bullish on China but you have to call a meteoric rise with amateurs and margin a bubble. It's fine to be long Japan equities but you have to mention they are killing the Yen.
  • A
    Aaron .
    10 July 2015 @ 03:03
    Will the new controls derail the quest for reserve currency for Remnibi?
  • AK
    Adam K.
    8 July 2015 @ 23:21
    Please add a timestamp as to the date these interviews are actually recorded. It seems to me that is a rather relevant piece of info. Other than that, fantastic job by everybody at Real Vision!
  • ET
    Eric T.
    8 July 2015 @ 20:54
    China market down over 30%. I think it is safe to say you can't outsmart a communist.
  • FV
    Frank V.
    8 July 2015 @ 01:43
    I think eveyone who say the timing on this is wrong are really missing the point. I think the key here is realizing the mentallity of chinese people and the importance of momentum. Good interview.
  • sc
    singyee c.
    8 July 2015 @ 01:00
    Louis thinks that the Chinese will keep their markets up at least till Nov this year. The stock market has now fallen big time and the authorities "best efforts" have been futile so far. Enough said
  • am
    august m.
    7 July 2015 @ 20:21
    China is a Communist regime. Communist regimes fail miserably in trying to manage i their economy. Now they are trying to manipulate their stock prices. No thanks.
  • PR
    Peter R.
    6 July 2015 @ 16:56
    Louis is right about the MSCI weighting but how do you choose stock in an opaque market, with dodgy financials, unknown auditors, ridiculous valuations and political meddling. A pin and a monkey maybe
  • TF
    Tom F.
    6 July 2015 @ 14:31
    Great ideas and a very different viewpoint on China. Makes you question the 'Bear Thesis' on China and Chinese equities! Very good actionable ideas too. One of the best interviews to date
  • JS
    John S.
    6 July 2015 @ 14:25
    This probably wasn't the best time to publish a rah-rah Chinese stock market interview. I know you need to spread out releases, bu the timing on this one was bad.
  • GT
    Graham T.
    6 July 2015 @ 09:00
    So it's not based on fundamentals just MSCI weighting. mmmm, not sure about that argument. Let's see if Xi can stop the fall first.
  • RW
    Ryan W.
    6 July 2015 @ 03:34
    "A Great Leap Forward" interview 37:08 Raoul: "Of the China Bulls who's selling a product related to China doing well vs the China Bears" Sounds like Louis Gave is "Talking the Red Book"
  • sp
    shashwat p.
    6 July 2015 @ 02:48
    Everyone talks their book. That is why it is THEIR book...
  • AT
    Ainsley T.
    5 July 2015 @ 18:28
    Would love to hear Charle's point of view...
  • AA
    Ali A.
    5 July 2015 @ 13:45
    Bit of a "talk your own shop" interview...
  • dd
    darrell d.
    4 July 2015 @ 19:29
    Agreed - quick follow up on China stock meltdown would be timely. Great interview.
  • ii
    ida i.
    4 July 2015 @ 14:28
    A fund manager with sweet eyes! : )
  • CW
    Christopher W.
    4 July 2015 @ 14:26
    Clear, thoughtful, concise commentary. Would love to see a follow-up interview regarding the Chinese stock market crash that seems to have transpired shortly after the taping of this interview.
  • JW
    J W.
    4 July 2015 @ 03:10
    Living in japan, I have had. Wrought tune explaining why this time it might be different...Louis nails it in 30 seconds, and fits it well within an overall Asian cultural context.
  • WG
    Wayne G.
    3 July 2015 @ 17:11
    Outstanding! I love how you have shown us cogent arguments why the Renminbi will be devalued and now an equally persuasive case on why it will strengthen. Bravo RVTV!
  • TJ
    Terry J.
    3 July 2015 @ 16:57
    Wow another knockout discussion from two top investment gurus. I just can't imagine getting so many invaluable insights on China and Japan in a concise half hour anywhere else.

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