Louis-Vincent Gave – Your Success Comes Down to Portfolio Sizing

<p><strong>BIO: </strong>Louis-Vincent Gave is the Chief Executive Officer of Gavekal, a Hong Kong-based company he co-founded over 20 years ago with his father, Charles, and Anatole Kaletsky.</p><p><strong>STORY: </strong>Louis’s father invested one million dollars in a portfolio of 10 Asian companies. Louis was managing this portfolio, whose size was disproportionate to his earnings. He was earning $50,000 annually at the time and had never owned a portfolio this big, which made him sick.</p><p><strong>LEARNING: </strong>Portfolio sizing matters tremendously. Never under or over-position yourself. Invest with people who have experience.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“Know your own weaknesses and don’t put yourself in a situation that plays to those weaknesses.”</strong></blockquote><blockquote class="ql-align-center">Louis-Vincent Gave</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/louis-vincent-gave-6260241/" rel="noopener noreferrer" target="_blank"><strong>Louis-Vincent Gave</strong></a> is the Chief Executive Officer of <a href="https://web.gavekal.com/" rel="noopener noreferrer" target="_blank">Gavekal</a>, a Hong Kong-based company he co-founded over 20 years ago with his father, Charles, and Anatole Kaletsky. Gavekal has grown to become one of the world’s leading independent research providers to institutional investors around the globe. Louis has written seven books. His latest, <a href="https://web.gavekal.com/books/avoiding-the-punch-investing-in-uncertain-times/" rel="noopener noreferrer" target="_blank"><em>Avoiding The Punch</em></a>, published in 2021, deals with the challenges of building resilient portfolios in inflationary times.</p><h2>The real challenge of venturing into China</h2><p>Before getting down to Louis’s worst investment ever, he spoke to us about his strategy to build a market for his company in the Chinese market. His company, <a href="https://web.gavekal.com/" rel="noopener noreferrer" target="_blank">Gavekal</