Asset Light, Real Assets – Economically Resilient Business Models (Recorded in May 2020)
It’s no secret that we have viewed money debasement and inflation as the most serious risk facing investors. Government responses to the COVID-19 pandemic, though necessary, are only exacerbating this risk. This view has yet to become part of the public conversation, much less be adopted by more than a very small contingent of investment firms. Our early arrival at this conclusion has allowed us to position the portfolios in a number of business sectors that tend to be direct beneficiaries of certain inflation vectors. The purpose of this presentation is to describe additional business models that can also be either direct inflation beneficiaries or, if not, that can thrive in such an environment in the months and years to come. These will be introduced by a few of our analysts: James Davolos, Utako Kojima, and Ryan Casey.