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.
- Luis Laboy, a director at Hewlett Foundation, posits that traditional distinctions between developed and emerging markets are obsolete, as all now contend with heightened geopolitical, social polarization, and policy risks. Read →
- Luis Laboy, director of public equities at the Hewlett Foundation, forged his investment philosophy on a fundamentally contrarian mindset, honed by lively family debates and a belief that "There's no premium in consensus thinking, right?" Read →
- Luis Laboy's career shifted dramatically when his boss Marco challenged his approach: "You're trying to be right rather than make money. And our job is to make money." This direct feedback, delivered during a performance review, sparked a fundamental recalibration. Read →