RVTV Interview with Grant Williams and David Hay


In mid-October, Evergreen’s Chief Investment Officer, David Hay, had the opportunity to sit down for a long (and chilly) interview with Grant Williams. For those unfamiliar with Mr. Williams’ work, he is the founder of Real Vision and author of one of the most popular and widely-read financial publications around the globe, Things That Make You Go Hmm…

In this wide-ranging interview, which—literally—covers the waterfront, Grant travels to Bellevue, Washington, to discuss the changing dynamics around one of the most important aspects of the finance industry – the relationship between manager and investor. Leaning on 40 years of industry experience, David explains the challenges these shifts have caused and discusses what each side must try to do in order to preserve this all-important relationship.

Ironically, this interview, in which David reiterated his many concerns that central banks have created “Bubble 3.0”, was recorded right before financial markets began to crumble. The steep global sell-off has pushed several markets into bear territory and has produced the worst December for the S&P 500 since 1931, culminating in the biggest Christmas Eve decline in market history. The sudden plunge has left many overexposed, passively-concentrated investors looking for answers. However, frequent EVA readers know that Evergreen has been preparing for this type of market for some time – further stressing the importance of active management in an increasingly volatile market. But more on that next week…

This week, please enjoy this entertaining conversation between Grant Williams and David Hay. Given the length of the full interview, we have only included the first 8-minutes in the clip below. To view the interview in its entirety, click here.

For more from Grant and his team, consider subscribing to Real Vision TV. You won’t be disappointed.

Filmed October 19, 2018 in Bellevue, Washington.

DISCLOSURE: This material has been prepared or is distributed solely for informational purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Any opinions, recommendations, and assumptions included in this presentation are based upon current market conditions, reflect our judgment as of the date of this presentation, and are subject to change. Past performance is no guarantee of future results. All investments involve risk including the loss of principal. All material presented is compiled from sources believed to be reliable, but accuracy cannot be guaranteed and Evergreen makes no representation as to its accuracy or completeness. Securities highlighted or discussed in this communication are mentioned for illustrative purposes only and are not a recommendation for these securities. Evergreen actively manages client portfolios and securities discussed in this communication may or may not be held in such portfolios at any given time.

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