Kyrill Asatur – The Contrarian Investor Podcast

With Kyrill Asatur, Centerfin

This podcast episode was recorded Dec. 20, 2023 and made available exclusively — without ads or announcements — for premium subscribers that same day. This is just one of the benefits of becoming a premium subscriber. The others are detailed on our Supercast or Substack pages.

Kyrill Asatur, co-founder and CEO of Centerfin, re-joins the podcast to discuss his views going into 2024 and the likelihood there won’t be a ‘soft landing’ for the economy next year.

Content Highlights

Consensus estimates for 2024 are going to be wrong, just like they were for this year and every year before it (2:12);

Coming in to this year the banking sector was a concern, though as it turned out for the wrong reasons (4:39);

The catalyst for the reversal this fall and the new, dovish Fed (7:26);

The contrarian call is that they’re won’t be a soft landing — or a stock market crash (11:44);

Possible explanation for the ‘Fed pivot’ (16:48);

How the guest is allocating assets going into 2024 (23:56);

Artificial Intelligence (AI) discussion (29:02).

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Kyrill Asatur, co-founder and CEO of Centerfin, joins the podcast to discuss his view on asset allocation going into 2023: why he is bullish on hard assets like energy and bearish on fixed income — and why the inflationary environment is likely going to stick around.

Content Highlights

How Centerfin was set up coming into this year and what went into its contrarian decision to avoid fixed income (4:06);
Current views on the market after a tough year (5:25);
Centerfin’s take is to be long hard assets, including commodities and commodity-linked equities while continuing to avoid fixed income like bonds (7:44);
The environment is different now. There has been a regime change since 2017. Inflation can’t just be exported anymore (9:48);
There will likely be a recession. Once we emerge from it, leading industries will probably be different than they were in past recoveries (11:18);
Why Centerfin is bullish energy and how they are playing it (12:55);
Their chosen ETF to get exposure to clean energy (14:48);
There is no need to buy international (ex-US) energy stocks (16:36);
Short discussion on the concept of introducing different prices for different uses of energy (18:48);
Re-shoring from China with Apple (AAPL) moving all its production out of the country and how to potentially play that trend (20:46);
Background on the guest and what got him to start Centerfin (25:53);
Distressed investing remains out of reach for most investors but Centerfin is considering ways to change that… (30:52);
The bullish case for copper (39:13);
How best to gain exposure to uranium (40:00).

Tag: Kyrill Asatur

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