In this episode of Goldman Sachs Exchanges Great Investors, Tony Pasquariello interviews Rob Citrone, founder of Discovery Capital Management, about his investment strategies and market outlook. Citrone expresses a constructive view on the U.S. economy, particularly for 2026, driven by tax cuts and the strength of the private sector, but notes current valuations are high. He is particularly bullish on Latin America due to cheap assets and a shift towards market-friendly policies, viewing it as a safe haven amid potential U.S. economic uncertainties. Citrone emphasizes the importance of a top-down and bottom-up investment approach, combining macro perspectives with individual stock picking, and highlights the value of short selling in risk management. He also shares insights into managing a diverse portfolio, concentrating on high-conviction trades, and the increasing inefficiency of markets due to retail and machine-driven reactions. Citrone values building relationships and continuous learning, drawing from his experiences with legendary investors and his involvement with the Pittsburgh Steelers.
