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. 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
September 15, 2021
‘Transitory’ Inflation And Government Intervention
Tuesday’s US CPI release shed little light on the “transitory versus persistent” inflation debate. Airfares and hotel rates weakened on the delta outbreak. And surprisingly, rents remained muted, while used car prices rolled over even as new car prices surged. Still, US CPI gained 5.3% YoY, while core CPI rose 4% YoY.
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Gavekal Research
September 14, 2021
A Mile In MbS’s Shoes
Steve Martin once said “before you criticize a man, walk a mile in his shoes. That way, when you do criticize him, you’ll be a mile away and have his shoes”. In this piece Louis takes a stroll in Mohammed bin Salman’s shoes to see what issues Saudi Arabia has faced recently, and outlines four scenarios that affect energy prices and geopolitics.
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Gavekal Research
September 3, 2021
The Most Worrying Shortage
The world’s most traded commodity, semiconductors, is running scarce, the price of the second-most important commodity, oil, is grinding higher, and the cost of moving things around the world is soaring.
Ideas
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Gavekal Research
September 21, 2021
Investing In Today’s Inflationary Environment
Investing in a topsy-turvy macro environment can feel like a crapshoot. One way to seek order among chaos is to draw lessons from economic history. Louis examines the underlying causes of financial crises since the late 1990s and applies the lessons to consider the way in which the global economy and markets emerge from the pandemic.
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Gavekal Research
September 8, 2021
Covid, Markets And What Happens Next
Over the last 18 months, Covid developments have been a key driver of financial market performance. Louis contends that this period can be split into four distinct phases. In this piece, he asks whether we are now entering a fifth phase.
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Gavekal Research
August 30, 2021
Who Is Copying Who?
When China joined the WTO in 2001, western governments hoped that closer economic integration would pull China towards a more democratic system of governance. Yet two decades on, that hasn’t happened.
Multimedia
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Gavekal Research
August 6, 2021
Webinar: Global Investment Roundtable, August 2021
The US growth outlook may be softening as the reopening boom weakens but equity markets seem relaxed as this outcome could delay the day when monetary stimulus is withdrawn.
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Gavekal Research
June 4, 2021
Webinar: Global Investment Roundtable, June 2021
The big question is still about how durable the current burst of inflation will prove to be. Anatole and Louis joined Arthur to debate this—and everything else going on in the world economy—at our monthly global investment roundtable.
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Gavekal Research
May 28, 2021
Webinar: The Commodity Spiral
Global commodity prices have been on a tear in recent weeks due to strong global growth prospects and constricted supply. The macro picture, however, is murky, with China simultaneously being the driver of soaring iron ore prices while moving to tighten controls over property and infrastructure spending.