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 2000 to launch Gavekal with his father Charles and Anatole Kaletsky. 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.
Louis has written six books, the latest being Clash of Empires: Currencies and Power in a Multipolar World which discusses the consequences of a world which seems to be breaking up into three distinct monetary zones, each with its own reserve currency, its own fiscal policy, its own imperial ambitions and perhaps even its own supply chains.
Louis 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, Washington-based private wealth manager. Louis also sits on the visiting board of Trinity College of 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 Chairman of the Biarritz Olympique Pays Basque, one of the historically more successful clubs in French rugby.
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
January 12, 2021
Did Big Tech Just Jump The Shark?
For investors, the last decade has been the era of Big Tech. But since September, US social media and consumer-related stocks essentially went nowhere. The unexciting performance belies all the attention these companies have been attracting lately.
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Gavekal Research
January 5, 2021
The Asch Experiment We Inhabit
In the 1950s, US social psychologist Solomon Asch conducted a seminal experiment which showed that people were susceptible to conform with the group consensus, even when their eyes told them the answer was wrong. Looking at the Western response to Covid-19, policymakers have badly failed the Asch experiment.
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Gavekal Research
January 4, 2021
Gravity Or Liquidity? Which Will Win In 2021?
In hindsight, 2020 showed that if three conditions are met, a stock can break free from the earth’s gravity, and lift off for destinations only sci-fi writers could have imagined. Consequently, one of the most important questions for investors in 2021 is whether such inter-galactic travel can continue.
Ideas
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Gavekal Research
January 15, 2021
The First, And Last, Line Of Defense
US equity valuations are stretched and bond yields are rising. This has always proved an ominous combination. What’s different this time is that the Federal Reserve continues to inject vast amounts of liquidity into the system. But will the Fed’s infections continue?
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Gavekal Research
December 15, 2020
The 10 Important Changes Of The Past Year
Two years ago, 10-year treasury yields were falling (and trading below their 200-day moving average), oil prices were falling (and also below trend) and the US dollar was rising (and trading above its trend level). Today, the situation has reversed for all of these anchor prices in the global system.
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Gavekal Research
December 8, 2020
The Three Key Prices: The US Dollar
It is an axiom of Gavekal’s research that the starting point for looking at the global macro landscape is that three prices matter above all others: the 10-year US treasury yield, the price of oil, and the US dollar exchange rate. In the third of a three-part series, Louis examines the US dollar.
Multimedia
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Gavekal Dragonomics
December 9, 2020
Webinar: China And The World Economy In 2021
Arthur Kroeber and Dan Wang sketched out the likely course of the US-China rivalry under the new Biden administration; He Wei and Thomas Gatley analyzed key developments in China's economy and markets, and Gavekal CEO Louis Gave presented his views on the forces shaping global markets.
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Gavekal Research
November 5, 2020
Webinar: US Election & Global Investment Roundtable (in French)
Charles Gave, Louis-Vincent Gave, Didier Darcet and Cedric Gemehl delved into the results of the US election, and discussed the latest impact of Covid-19 on the global economy and markets. Additionally, they presented Gavekal’s latest research on portfolio construction.
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Gavekal Research
November 5, 2020
Webinar: The 2020 US Election
With the US election outcome likely subject to a period of litigation and some uncertainty, yesterday Gavekal partners and US analysts convened to discuss the possible scenarios lying ahead and what they're likely to mean for asset markets.