Canyon Partners' Julis: Opportunity in Trump Uncertainty

The video discusses the late stages of the credit cycle and the uncertainty brought by Trump's presidency. It explores the difference between uncertainty and risk, highlighting the importance of preparation. The discussion identifies sectors like media, healthcare, and finance as ripe for disruption and opportunity. It delves into credit market dynamics, emphasizing the non-uniform nature of credit markets and investment strategies. The video concludes with insights into investment strategies, particularly in real estate and fixed income, and comments on market valuation.

What is the main difference between uncertainty and risk as discussed in the video?

• Risk is always negative, while uncertainty is positive.

• Risk involves probabilistic determinations, while uncertainty does not.

• Uncertainty is based on data, while risk is not.

• Uncertainty is predictable, while risk is not.

Which sectors are identified as ripe for opportunity due to policy uncertainty?

• Technology, agriculture, and retail

• Education, tourism, and manufacturing

• Media, healthcare, and finance

• Automotive, energy, and construction

What is one area where bets can be laid due to Trump's regulatory uncertainty?

• Cryptocurrency

• Arbitrage spreads

• Commodities

• Real estate

How does Canyon deploy capital in the face of uncertainty?

• By focusing solely on technology startups

• By avoiding all investments until certainty is restored

• By providing late-stage lending to real estate developers

• By investing in high-risk stocks

What is considered 'stupidly expensive' in the current market according to the video?

• Cryptocurrency

• Equity market

• Real estate

• Commodities