Bullish and bearish opinions expressed in this episode, paired with supporting transcript quotes. The quote confirms what was said—not whether the opinion is correct.
Bullish
$JAPAN— Luis and Anna identified Japan as a major opportunity through technical analysis showing a market breakout. After extensive research similar to their emerging markets approach, they built a significant position in Japanese equities.
$QUALITY— During COVID, Luis and his team transitioned the portfolio away from value managers toward quality compounding strategies, believing this would be a better place to be going forward in the changing market environment.
Bearish
$VALUE— Luis explicitly reduced exposure to value managers during COVID, believing value would be a tougher place to be going forward as market dynamics shifted toward quality compounding strategies.