Louis-Vincent Gave
Founder, Partner and 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. A couple of years later, he left the army and joined Paribas as a financial analyst—first in Paris, then in Hong Kong.
In 1999, Louis launched Gavekal with Charles Gave 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 seven books. The latest, Avoiding the Punch, was published in August, 2021.
He is the non-executive chairman of ROBO Global 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 owner and 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
December 2, 2021
The Importance Of What Didn’t Occur
Amid all the turmoil of the last week or so, the most significant market move may be one that didn’t happen. When news of omicron hit the wires markets saw sharp moves. Usually in times of uncertainty, the US dollar rises on a safe-haven bid. Last Friday that didn’t happen; the US dollar fell against most major currencies.
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Gavekal Research
November 10, 2021
Transitory Inflation’s Unanswered Questions
As a child, I was lucky enough to attend a Jesuit school. I once asked a teacher: “Father, is it true that Jesuits always answer a question with another question?”. The priest looked me up and down and answered: “Who told you that?”.
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Gavekal Research
November 9, 2021
The Fed Chair Question And The Euro
The resignation Monday of US Federal Reserve governor Randy Quarles has highlighted the question marks hanging over his boss, Fed chair Jay Powell. With each week that goes by, the failure of Joe Biden to renominate Powell shortens the odds that the Fed chair will not see a second term.
Ideas
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Gavekal Research
November 30, 2021
The New, Yet Forgotten, Inflation Force
The global economy and global energy markets were transformed by China’s dramatic expansion of the last 20 years. Most of that growth was fueled by coal, which now finds itself in policymakers’ crosshairs—even in China.
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Gavekal Research
November 16, 2021
Return Of The Kitsune
In Japanese folklore, a kitsune is a magical, very wily, nine-tailed fox who wriggles out of tricky situations. It resembles our financial markets, which have a doughty ability to manage “tail risks”. Last year, Louis wrote a series of articles looking at such risks and today returns to that theme in a substantially changed investment context.
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Gavekal Research
October 25, 2021
Back On The Road Again
In the last couple of weeks Louis has been on the road, meeting clients face-to-face for the first time in 18 months.
Multimedia
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Gavekal Research
November 19, 2021
Shanghai Seminar — November 2021
In our recent Shanghai seminar, Arthur Kroeber addressed China's policy moves this year, the decarbonization drive and the rivalry with the US; Thomas Gatley outlined the status and prospects for China's economy and markets; and Louis Gave presented his latest macroeconomic views as inflationary pressures around the world continue to moun
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Gavekal Research
November 5, 2021
Webinar: Global Investment Roundtable, November 2021
At November's Global Investment Roundtable, Gavekal’s senior team convened to discuss the global macro environment as energy prices continue to rise and the US Federal Reserve gets closer to winding down its monetary accommodation.
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Gavekal Research
October 8, 2021
Webinar: Global Investment Roundtable, October 2021
In Thursday's Global Investment Roundtable, Louis argued that shortages of everything from microchips to natural gas are structural in nature and augur a radical change in the investing environment. Anatole, in contrast, said that current supply disruptions are likely transitory and the inflation panic should pass relatively soon.