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Marc Faber, Nassim Taleb, Hugh Hendry, Michael Gomez, Ashot Khachaturyants, David North, Michael Power | Trades and Prediction for 2010 | Interview

Post a Comment November 12, 2010 – 12:26 am |   | Permalink |  Print This Post |

Part 1

Part 5:

• Nassim Taleb
  Distinguished Professor, New York University Polytechnic Institute

1. Short S&P, long Gold/Silver on a ratio adjusted basis - this has been a stellar trade since February 2010
2. Short Treasury bonds in USD
3. Bet on hyperinflation - way out of the money commodities and fixed income
4. Bet on Europe breakup

• Marc Faber
  Editor and Publisher of “The Gloom, Boom & Doom Report”

1. Focus on Japan - been in a bear market for 20 years and been neglected
2. Minimum of 50% of funds invested in emerging markets - India
3. Expecting inflation: stay away from cash (of highly inflating country) and government bonds - wants to be in equities in an inflationary environment
4. Buy farmland, be self sufficient, stay away from large financial cities in event of social unrest

• Michael Gomez
  Executive Vice President and Co-head of Emerging Markets, PIMCO Europe
• Hugh Hendry
  CIO and Founding Partner, Eclectica Asset Management

1. Bet on central bank interest rates stays low
2. Small position in long Treasury bonds

• Ashot Khachaturyants
  CEO, Sberbank Capital

1. Invest in Russia, oil-rich Eastern Siberian region
2. Project financing in “exciting projects” like nanotechnology in Russia

• David North
  Director, Head of Asset Allocation, Legal & General Investment Management
• Michael Power
  CIO, Investec Asset Management