Louis-Vincent Gave
Founding Partner & Chief Executive Officer
After receiving his bachelor's degree from Duke University and studying Mandarin at Nanjing University, Louis joined the French Army where he served as a second lieutenant in a mountain infantry battalion. After a couple of years, Louis left the army and joined Paribas where he worked as a financial analyst—first in Paris, then in Hong Kong.
Louis left Paribas in 1999 to launch Gavekal Research with Charles Gave and Anatole Kaletsky in London. In 2002, Louis left the London office and returned to Hong Kong; the idea at the time was that Asia was set to become an ever more important factor in global growth and that, consequently, Gavekal needed to offer its clients more information, and more ideas, relating to Asia. Since then, Louis has been living in Hong Kong from where he oversees Gavekal’s money management business. Nonetheless, Louis contributes episodically to the research. Louis has written five books, though none since the publication in 2012 of Too Different for Comfort (e-version available for free download here) a book which reviewed how the rise of robotics, the demographic transition in China, and shale-induced lower energy prices would transform the world. Louis frequently speaks at industry events and is often quoted in the financial media.
Louis has also been involved with different start-up ventures. He has helped seed a number of companies including Roboglobal LLC, Sponsorise.me, Think-Twice, Jobby-Pepper, On-Off Telecom, A-Ride Inc, Extreme Organics Inc, Ullr Maps Inc, and others. Louis currently sits on the board of Uniserve Inc, a Toronto Stock Exchange listed telecoms company, and is the non-executive chairman of Roboglobal LLC (the manager of the ROBO.US ETF, one of the largest robotics dedicated ETFs). He is also a non-executive director at Evergreen-Gavekal, a Bellevue, WA based private wealth manager. Louis also sits on the visiting board of Trinity college – Duke University.
In his spare time, Louis likes to spend time on the rugby pitch, whether in Hong Kong (where he plays for Valley RFC), or in France where he is the owner/president of the Biarritz Olympique, a club currently evolving in France’s Pro D2.
Louis speaks English and French. He spent many hours studying Mandarin and Spanish, which he once spoke decently. He is married with two sons and two daughters.
For Louis's article archive please click here.
The Daily
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Gavekal Research
August 13, 2018
Turkey Is A Big Fish, But No Whale
The meltdown unfolding in Turkey is not a surprise (see A Turkish Vortex). However, it does raise the question of where we go from here, and whether the Turkish crisis is a symptom of a change in the investment environment.
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Gavekal Research
July 31, 2018
Lessons From The Tech Sell-Off
Last week’s technology sector jitters have continued into the this week, with the FANG+ index now down -9% from last Wednesday’s close. Amid the general pull-back, two spectacular high-profile face-plants have really stood out: within one trading session, Facebook and Twitter both shed a fifth of their values.
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Gavekal Research
July 20, 2018
Europe's Tri-Polar Disorder
Having been at odds with each other for at least three years, the empire is striking back against an upstart member. The European Union on Thursday said it will sue Hungary for its unfair treatment of asylum seekers.
Ideas
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Gavekal Research
August 7, 2018
The Biggest Question Of The Day
Should we take Donald Trump literally when he says he wants to eliminate the US trade deficit?
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Gavekal Research
June 21, 2018
The Investment Scenarios Ahead
The interaction of three prices—the US dollar, long-dated US interest rates, and oil—tend to determine the behavior of most other asset values, and so far this year, all three have moved higher.
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Gavekal Research
May 23, 2018
A Structural Change, Or A Return To The Mean?
Chinese government bond prices have markedly outperformed treasuries for more than a year.
Multimedia
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Gavekal Research
June 11, 2018
Audio & Transcript — Gavekal Research Call June 2018
During Friday’s monthly call, Louis Gave addressed the direction of the US dollar and the impact of expanding US fiscal deficits. Anatole Kaletsky focused on the rise of populist politics, which remains his major concern. Charles Gave considered the impact of resurgent nationalism on the investment environment.
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Gavekal Research
January 17, 2018
Audio & Transcript — Gavekal Research Call January 2018
In Gavekal’s monthly research call yesterday, Louis Gave reviewed evidence that the investment environment is experiencing a once-in-a-generation shift from a deflationary environment to one that is broadly inflationary. Anatole Kaletsky argued that this metamorphosis will likely be an orderly affair.
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Gavekal Research
October 18, 2017
Video: Which Messenger To Believe?
After Louis wrote up today’s Daily on the strange dichotomy between strong growth and moribund yields, we sat down to quiz him further on how this contradiction gets resolved. In this short video, he explains why the bond market is the thing that will probably have to give.