Today’s guest is Tina Vandersteel, who is the head of GMO’s Emerging Country Debt team. She’s been with GMO for almost two decades.
In today’s episode, we dive into Tina’s teams’ recent piece about what they call a possible “once-in-a-generation opportunity” in emerging market local currency debt. Tina gives a great overview of the emerging market debt asset class and then we dive into the reasons behind her team’s call. She shares why today is reminiscent of 2004 and how she thinks about things like liquidity panics and sanctions risk. And you won’t want to miss her hot take on China.
It’s not often you see the words ‘once-in-a-generation’ from a well-respected shop like GMO so I’m excited for you all to listen in.
(1:27) - Welcome Tina to the show
(2:08) - Overview of emerging market debt
(4:27) - What are Brady Bonds?
(7:53) - Delving into sovereign debt issues
(11:29) - No Stone Unturned
(12:58) - The overvalued US dollar
(25:00) - China’s place in emerging debt markets
(29:33) - Identifying countries at risk of default
(37:35) - Highlighting opportunities arising from geopolitical events
(42:12) - Tina’s most memorable investment
(47:00) - Sharing Tina’s most controversial viewpoint
-----
Follow Meb on Twitter, LinkedIn and YouTube
For detailed show notes, click here
To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com
-----
Sponsor: Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here.
Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok
-----
Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com
-----
Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
-----
Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Marc Chaikin, Chaikin Analytics – A Quantamental Approach To Investing | #407
Dylan Grice, Calderwood Capital – Popular Delusions, The End of Duration & Esoteric Investment Opportunities | #406
Gio Valiante – Prepare For The Masters With A Masterclass in Peak Performance in Athletics & Investing | #405
Mebisode – How I Invest 2022 | #404
Ivy Zelman, Zelman & Associates – Here's Why This Housing Expert Says The Market is "Euphoric" and Urges Caution | #403
Paul Kim, Simplify Asset Management – Embracing Convexity Through The ETF Structure | #402
Clay Gardner, Titan – Investment Management Services for The Everyday Investor | #401
Patrick Geddes, Aperio – Lessons From A Customized Indexing Pioneer Who Sold His Firm To BlackRock | #400
Mary Childs, NPR’s Planet Money – Bond King Bill Gross | #399
Adam Nash, Daffy – Why This Prominent Silicon Valley Operator & Investor Wants To Make Charitable Giving A Habit | #398
Jeremy Grantham, GMO – Short-Term Pessimist, Long-Term Optimist | #397
Wes Fulford, Viridi Funds – How To Get Exposure To Crypto In Public Markets | #396
Rob Koyfman, Koyfin – Building The Go-To Investing Platform | #395
Africa Startup Series – Peter Ngunyi, EarlyBird Venture Lab – Accelerating Africa’s Startup Ecosystem | #394
Duncan Kelm, Arrow Point Tax – Strategic Tax Planning & Tax Mitigation Strategies | #393
Laurens Swinkels, Robeco – The Global Market Portfolio, (Realistic) Expected Returns & Global Factor Premiums | #392
Vinesh Jha, ExtractAlpha – Alternative Data & Crowdsourcing Financial Intelligence | #391
Radio Show - Meb’s Thoughts on Angel Investing After Making 250+ Investments | #390
Eric Crittenden, Standpoint Asset Management – The Market Owes You Nothing | #389
Cambria Fund Profile Series — Cambria Value and Momentum ETF (VAMO)
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast