Discovering Value in Turmoil

Explore strategies for identifying investment opportunities during periods of market volatility and economic uncertainty in this Milken Institute panel discussion. Learn how value-focused investors can spot bargains amidst turmoil while avoiding potential value traps. Gain insights from industry experts on distinguishing between market price and intrinsic value across various asset classes. Examine the impact of the U.S. corporate profit recession on equity valuations, new paradigms in asset pricing post-financial crisis, and methods for discovering true bargains in a low-growth environment. Delve into topics such as fiscal policy, macroeconomic risks, hedge fund performance, liquidity challenges, inflation, and asset allocation strategies. Understand the importance of timing and conviction when making investment decisions during market downturns.

Introductions
Where will volatility come from
Fiscal policy
Sources of volatility
Macroeconomic risks
Excess monetary stimulus
Performance of hedge funds
Predicting volatility
Credit hedge fund performance
Correlation and volatility
Liquidity challenges
Rising inflation
Inflation
Dividend Yield
Fiscal Stimulus
Asset Classes
Fixed Income
Credit
Convertible Bonds
Cash
Opportunities
Liquidity
Regulation
Bidask spreads
Gold and equities
Gold
Equities
Liquidity mismatch
Turmoil
When to buy