Tiger Cub Rob Citrone on Milei's Argentina: A Bullish Outlook for Investors
Today’s guest today is Rob Citrone, founder of Discovery Capital Management, a hedge fund that invests opportunistically across asset classes in emerging and developed markets. Rob worked for Julian Robertson at Tiger Management in the mid 1990’s and managed money for the Soros family. He’s also a minority owner of the Pittsburgh Steelers. In today’s episode, Rob explains why he expects the investment regime to shift, with higher volatility and lower returns in the next decade. He highlights the potential for Latin America to outperform Asia in the coming years and why he sees a huge opportunity in Argentina. He also discusses his investments in cryptocurrencies, why he’s bearish on China and Europe, and the skill and discipline needed to be a short seller.
Key Points
- The next decade is poised to be a period of significant opportunity for Latin America, in contrast to a potentially challenging time for emerging Asia, including China.
- Successful investing in emerging markets often hinges on understanding local politics and leadership, as evidenced by transformative figures like Argentina's President Milei and India's Prime Minister Modi.
- The US stock market may face lower returns and increased volatility in the coming years, making it crucial for investors to diversify and consider opportunities in undervalued and emerging markets globally.
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Transcript
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