HFA Icon

Brief Notes From The First Eagle Investment Media Breakfast

HFA Padded
Jacob Wolinsky
Published on
Updated on
Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More!

Rough notes from the September 2018 First Eagle Investment Media Breakfast. which took place on 9/24/2018

[klarman]

Q2 hedge fund letters, conference, scoops etc

first eagle investment management

  • How to think about the decade ahead?
  • Debt imbalances
  • Geopolitical
  • Passive versus active
  • Business cycle – what the weather is in investment climate
  • When things feel good, it is risky, when things feel terrible, there is opportunity
  • During Lehman felt bad, but opportunity of lifetime
  • Unemployment below 2007, 3.9% unemployment, 2% growth in decade
  • Economy has already recovered, behind us in rearview
  • What is sustainable rate of growth in us economy?
  • Corporate profit growth in medium term
  • Wage inflation, close to 3%, decade high
  • Companies invested more, depreciation going up
  • Oil prices more than doubled since lows...

    Login required to continue reading.

    Setup a free account to get access to this article (no credit card required).

    View Full Article
    Already a member? Log in here
HFA Padded

Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.