Maria Vassalou
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Maria Vassalou is The Navigator by disposition and by method. The Goldman Sachs Asset Management Co-CIO treats ambiguous market signals as potential structural realities rather than noise, reframing anomaly as unpriced risk, precisely the mid-course recalibration this archetype demands.
“But since the pandemic, this process has reversed, and the share of labor is increasing again, which means that it compresses the share of real GDP that goes to capital. Now that makes it less attractive for capital to invest and obviously less profitable for them.”
“Well, the Fed can help with certain things. They can't fix everything. And I think the factors that you pointed out suggest that it may be very difficult for them to go back to 2% under all these conditions. They can steadily go down to 3%, 4% of inflation.”
“I don't see any reason for the Fed to cut this here. We are not seeing any loosening up of the labor markets, which means that the monetary policy hasn't really become restrictive enough to have an effect on the real economy in a profound way yet. Inflation continues to be elevated, still very far away from their target.”
“We have a dual approach, so we certainly have a research process that is based on models that we have created and we keep evolving. But we also have a qualitative approach in investing.”
Masters in Business: “Maria Vassalou on the Small-Cap Effect”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE