Gavyn Davies is an economist and investor. His career includes working for the UK Government, Chair of the BBC, Chief Economist at Goldman Sachs, venture capital investor and Co-Founder and Chairman of Fulcrum Asset Management. He is also a columnist for the Financial Times.
Gavyn shares his memories of the 1970s, a period of high inflation that few modern investors and economists had the experience of working through. We discuss the parallels and lessons that investors today can draw from this period. He also offers his thoughts on what the tell-tale signs of lasting (instead of transitory) inflation might be.
Gavyn describes his experiences working with Goldman Sachs, He describes what changed and what stayed the same after the firm converted from a partnership to a publicly listed company.
The discussion moves onto Fulcrum, its investment philosophy and some of the tools that it uses to invest. Gavyn explains what Global Macro investing is and what it isn’t. He takes us through its evolution and gives us an insight into some of Fulcrum’s latest areas of research.
We conclude the podcast by discussing some of the biggest potential macro risks: Geopolitics, Climate and Inflation.
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