Governance and Capital Allocation | Housing and the Business Cycle | Gold as a Hedge

In this episode, John Mihaljevic of MOI Global hosts a discussion on three topics:

• Corporate governance and capital allocation, led by Phil Ordway of Anabatic Investment Partners. Phil makes the case for long term-oriented, shareholder-friendly governance and highlights companies that embrace this approach, including Alaska Airlines, which is one of the companies that have invited Phil's input and advice on a Board level.
• Housing and the business cycle, led by Elliot Turner of RGA Investment Advisors. Elliot highlights an influential NBER paper from 2007, "Housing IS the Business Cycle." He explains how the findings of the paper may apply today, with fascinating implications for the economy and the stock market.
• Gold and gold miners as potential investments, led by Chris Bloomstran of Semper Augustus. Chris raises the topic of gold in light of the metal's strong recent performance, and poses the question whether gold miners remain sound investments. We discuss gold's appeal as a hedge in a time of sorely lacking central bank discipline.

Enjoy the discussion!

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