Future Proof’s Post

Transcript

I would say historically it's always been a value trace. If you look at all the factors like in the US, you know, value factors probably so, so as a factor is really growth and quality. But really in, in emerging markets, like the only factor that works reliably is value, right? And things are cheap, you buy it. At some point some callous happens, it'll rally a little bit before people get disappointed. But I would say there is a meaningful shift and, and that may be the catalyst that everyone's waiting for to unlock the value of emerging markets. And that shift really is. World's aging and depending more and more on EM labor force in manufacturing and allowing that labor force to finally have a better margin than what they historically have. So it's going to be the demographic shipments delicate, right? Because some part of the M is also aging as well. So you got to be careful in terms of how you select that. So that's one thing. And the other one is the world becoming more say bipolar than unipolar. So by that I mean the world used to just surround the US. US as the pricing power has the political sway as it become a bit more bipolar like China is trying to fight for influence the resource rich countries Middle East. Africa lie them. Historically there's one buyer who sets prices and sets order. Now you've got 2 buyers competing for influence. You're going to see a lot more both stability and prosperity because of that competition. And that makes me like the resource rich part of EMS a lot better than I like them historically.