The ROI Podcast EP 56: James Davolos

Investing In Capital Light Inflation Beneficiaries.

James Davolos is the portfolio manager of the inflation beneficiaries ETF, INFL and has been involved in the fascinating research and investment firm Horizon Kinetics for almost 20 years. It was an honour to have him on the podcast to discuss the current macro landscape and how HK are positioning themselves and their clients to preserve and grow their capital in the interesting times ahead.

To learn more about HK’s investing philosophy and research visit

https://horizonkinetics.com/

For access to the white paper on royalty companies mentioned click here

I suggest you take notes on the topics we discuss as HK’s philosophy around capital light business model which underlines the majority of my investment positioning cross my portfolios.

The way I visualise my portfolio setup currently is a ‘mini-barbell’ approach.

All positions (cash aside) would fall within the broad umbrella of ‘Inflation beneficiaries’ within which I visualise my positions as ‘capital light' quality compounders i.e: Royalty Cos such as LB and TPL or deep value cyclical opportunities i.e: discounted steel with an upside kicker such as RIG and VAL.

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All the best,

Benjamin | Crassus Investments.