Q&A with Author Peter Zeihan: How Shale is Reshaping America and the World

Absent Superpower

We recently met with geopolitical strategist Peter Zeihan to discuss world events since the American election and his new book, “The Absent Superpower,” released last month. In the book, Peter credits energy and resource innovations with reshaping the global geopolitical environment. He predicts by 2019, US oil production costs could drop to $25 per barrel, […]

Quarterly Update: Knowledge Leaders Strategy

page 8 graphic

In our new quarterly update report, Portfolio Manager Steven Vannelli, CFA, discusses the investment team’s recent analysis on two topics, including: 1. New portfolio opportunities. Huge innovation in the energy sector – and the US Shale Revolution specifically — has manifested into new portfolio opportunities. The US cost of production of oil has fallen by 50% over […]

Quarterly Strategy Update

1 - Copy - Copy (2)

This quarter, we explore the hypothesis that the modern era of Ricardian growth has ended. We further explore what this means for asset allocation and which types of stocks in particular should do well in this Ricardian hangover. Download our First Quarter 2016 Strategy & Analysis here. In 1817 David Ricardo wrote Principles of Political […]

On The Statistical Significance of the Knowledge Factor

Pic1

Review: Over the last week or so we’ve been highlighting how factor investing is not as cut and dry as advertised. The traditional simple factors (value, size, momentum, quality, low volatility) sometimes work and sometimes don’t so investors are left to make educated guesses about which factors will work in any given year. Here we’re […]

The Knowledge Factor: The Gift That Keeps on Giving

Image 1

In thinking about the long-term performance characteristics of the Knowledge Factor we were reminded of a quote from one of our favorite movies, “Christmas Vacation”. Readers who are familiar with this movie surely remember the scene in which Clark Griswold, played by Chevy Chase, having just received his “Christmas bonus” that was delayed in transit, opens the […]

Quality is Ruling Pretty Much All Areas of this Market

Pic2

As markets narrow amid stress in the commodities and banking areas (see our recent post on the narrowness of markets) we wanted to point out that there has been one saving grace for equity investors, which is quality companies. In all but two sectors (energy and materials), owning the highest quality companies has significantly helped performance. […]

This week: Quarterly Conference Calls

Portfolio Manager Steve Vannelli will host two quarterly conference calls to update investors on recent performance and outlook for the Gavekal Knowledge Leaders investment products. A US mutual fund call will take place tomorrow, January 21 at 4:15pm ET. On Friday, January 22 at 2pm ET, Steve will host the first quarterly call on our […]