Luis Laboy: Why Every Market Is Now an Emerging Market | Hewlett Foundation

The episode features Luis Laboy, a director of public equities at Hewlett Foundation, discussing his career path from mechanical engineering to emerging markets investing and eventually to institutional allocation. He shares insights on portfolio construction, manager selection, and adapting investment strategies to dynamic market conditions, including his philosophy on identifying disruption risks and avoiding buzzwords. His core philosophy emphasizes understanding evolving market dynamics, such as the idea that "every market is now an emerging market," and building a manager selection process that leverages past experience while mitigating cognitive biases.