WealthTrack always provides some good interviews. This week’s interview with Matthew McLennan i felt, is a good share because Matthew McLennan provides insights into how a value manager looks at the issues in the world in a controlled manner. So you won’t get some extreme point of view but a logical reasoning of gold and energy.
- 4:00: Financial Repression or too much debt
- 4:52: Competition for resources where developing market want what developed economies have, finance by debt
- 6:40: Cash in sovereign and low real interest rate
- 7:40: Russia risky situation and China risky situation
- 9:40: They are 20% cash and 10% gold stocks. Why with such a dire outlook they still have 70% in equities?
- 11:20: View of equities. Margins and multiples are high and future expected returns.
- 12:22: How do they define scarcity or moat
- 13:30: Their view of Gold as money
- 15:20: Their investment process. Their wish list researched well before
- 16:45: Talk about their top 5 holdings gold, Microsoft, Intel, Oracle and Comcast
- 18:54: They were early in Japan and why they are selling
- 19:50: The Energy value situation
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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