May 11, 2022

#104 Driehaus Capital: Investing in Emerging Markets and The Great Pendulum Shift | Howie Schwab, Lead Portfolio Manager for Emerging Markets Growth

#104 Driehaus Capital: Investing in Emerging Markets and The Great Pendulum Shift | Howie Schwab, Lead Portfolio Manager for Emerging Markets Growth

In Episode #104, we explore emerging markets and the great pendulum shift. We’re joined by Howie Schwab, Lead Portfolio Manager for Emerging Markets Growth at Driehaus. We cover the lure of emerging markets, a behavioral focus on investing, and the impact of shifting voting demographics.


In Episode #104, we explore emerging markets and the great pendulum shift. We’re joined by Howie Schwab, Lead Portfolio Manager for Emerging Markets Growth at Driehaus. We cover the lure of emerging markets, a behavioral focus on investing, and the impact of shifting voting demographics.

“I think it's true everywhere, but data shows it's particularly true in emerging markets, which is that the persistence of risk is generally higher than the persistence of return.” – Howie Schwab

EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)

https://www.danielscrivner.com/notes/driehaus-capital-investing-emerging-markets-howie-schwab-spotlight-show-notes 

FULL TEXT TRANSCRIPT

https://www.danielscrivner.com/notes/driehaus-capital-investing-emerging-markets-howie-schwab-spotlight-transcript 

CHAPTERS

This episode is our definitive guide to emerging markets and the great pendulum shift. In it we cover:

  • (00:00:00) – Introduction
  • (00:02:20) – Howie’s background and work at Driehaus Capital
  • (00:06:52) – The lure of emerging markets
  • (00:12:20) – A behavioral focus in investing
  • (00:19:30) – Seeing patterns and avoiding fraud
  • (00:24:12) – Researching and publishing market analysis
  • (00:43:21) – The state of financial assets today
  • (00:49:41) – The future and financial repression
  • (00:56:42) – The shift in voting demographics and its economic impact
  • (01:02:14) – Advice for investors


ABOUT DRIEHAUS

Howie Schwab manages more than five billion in emerging market growth for Driehaus, which is based in Chicago, and it's where Howie has worked for the last 20 years. At Driehaus, Howie is the lead portfolio manager for the Emerging Markets Growth, and he's a portfolio manager for the Emerging Markets Small Cap Equity and Emerging Markets Opportunity Strategies. I've learned an enormous amount from Howie, both as an investor and a macro thinker, since I first met him, and I am beyond thrilled to have him on the show to share what he's learned managing many of the world's best performing emerging market funds over the last 20 years.

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