{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"In the Money with Amber Kanwar","title":"Why the Best Fund Manager of 2022 is Betting on Gold, Water, and Infrastructure","html":"","width":"100%","height":180,"duration":4497,"description":"The market may be laser-focused on Donald Trump’s trade war but James Davolos of Horizon Kinetics says tariffs or not, the tide is turning — and savvy investors should be paying attention. In this wide-ranging conversation, Davolos breaks down why we're leaving behind the \"golden era\" of ultra-low interest rates, globalization, and free capital, and entering a new investing regime marked by inflation, deglobalization, and resource scarcity. Davolos, who the WSJ named the best fund manager of 2022, outlines how to position your portfolio for long-term resilience, with a focus on capital-light businesses tied to real assets — think infrastructure, energy, and gold — but without the usual baggage of cyclicality and capex-heavy models. He explains his unique approach and offers specific stocks that fit into his model, including his top 3 stock picks focused on water as real asset, exchanges as financial infrastructure and royalty companies as resource winners. Timestamps 00:00 Show intro 02:30 James Davolos explains his unique approach to investing 08:00 Why does James think we're in the midst of a major regime shift13:05 Why James isn’t even paying attention to tariffs15:15 Why James likes real assets and how he finds the best ones21:00 Why James believes the U.S. is headed towards stagflation and his view on rates23:05 James’s view on gold25:45 Are we seeing the end to U.S. exceptionalism in stocks?28:00 ITM Mailbag: Will volatility be good for exchanges like the Intercontinental Exchange (ICE.NYSE)33:10 Is Brookfield a stock that can help weather the current storm? (BN.TO, BN.NYSE) 40:00 James’s expectations for gold and why he likes royalty streaming companies44:45 James’s thoughts on bitcoin and the best way to play it51:00 What does James think about Enbridge (ENB.TO)57:15 Why James likes Dream Unlimited (DRM.TO)1:01:30 James’s Pro Picks1:13:40 Goodbye & coming up Sponsors​​This episode is sponsored by BMO InvestorLine. Alright, In The Money listeners, you're...","thumbnail_url":"https://img.transistorcdn.com/er9NR63MREFV6i2rlZX8f-yMY6gNSK83fNUOzBPoSt8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zZmQy/OWMwNmEzY2Y0YTg1/NjM4MjQ3Y2NjMWYy/Zjk1My5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}