Shownotes Transcript
In Episode 402) of Hidden Forces, Demetri Kofinas speaks with Mark Holowesko, the founding Partner and Chief Executive Officer of Holowesko Partners—a Bahamian-based, value-oriented investment firm that allocates capital across a wide range of industries, geographies, and market capitalizations. This episode is part of a series in which Demetri interviews value investors, motivated by his concerns about how the global economy’s direction and the ongoing geostrategic competition between the U.S. and China will impact asset markets in the coming years. In the first hour, Holowesko and Kofinas discuss:
Mark’s macro framework and approach to value investing
His concerns about government debt and its implications for interest rates and inflation
Trends in global liquidity
The future direction of the U.S. dollar
Why Holowesko believes that 2022 marked a long-term turning point for value investing—with enormous implications for investors
In the second hour, Mark and Demetri explore some of the most promising investment opportunities outside the United States—particularly in the UK and Japan—as well as how to assess similar opportunities in China, whether the country is investible, and the risks investors face when deploying capital in Chinese companies and the broader Chinese market. They also delve deeper into Mark’s investment process, his views on the role of gold in one’s portfolio, opportunities in the U.S. energy sector, and much more. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe). If you’d like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe). If you enjoyed today’s episode of Hidden Forces, please support the show by:
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Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and support the podcast at https://hiddenforces.io). Join the conversation on Facebook), Instagram), and Twitter) at @hiddenforcespod Follow Demetri on Twitter at @Kofinas) Episode Recorded on 02/11/2025