The role of a Chief Investment Officer is multifaceted – acting as both the guardian and the architect of a company’s investment process, and preventing people from making mistakes that might destroy value. A key requisite for the job is the ability to stay calm amid the panic when a global crisis hits.

In this special edition of The View Beyond, produced jointly with the World Economic Forum's Radio Davos, Bernadette Anderko and WEF Editor Robin Pomeroy sit down with Julius Baer's Group CIO Yves Bonzon to explore the history and nature of recent crises. Yves has spent more than three decades steering portfolios through other people's worst weeks: the crash of '87, the Asian crisis 10 years later, 2008’s Global Financial Crisis, COVID, the tariff wars, and now of course the war in Iran. He explains why each crisis provides opportunities to make a difference. After all, in the face of a crisis, a CIO must decide: is history repeating itself, or is a new paradigm emerging?

(00:00) - Introduction: A special joint episode from Julius Baer and Radio Davos
(02:02) - Crisis navigation: Every crisis is different
(03:30) - Exogenous vs. endogenous shocks
(06:48) - Oil, markets, and resilience
(11:31) - Looking back to the financial crisis of 2008
(13:50) - Crises are opportunities to make a difference
(16:25) - Balancing risk mitigation and opportunity
(20:26) - Liquidity events in turbulent times
(22:32) - Private markets vs. public markets
(23:34) - When does a crisis become a crisis?
(29:29) - How crises and responses have evolved since the 1980s
(33:04) - Emotional decisions and the cost of anchoring
(35:18) - Education, discipline, and the importance of process
(38:47) - Closing remarks and legal disclaimer

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Radio Davos is the flagship weekly podcast from the World Economic Forum. Get it on any podcast app:https://pod.link/1504682164. Find all Forum podcasts at wef.ch/podcasts and YouTube(https://www.youtube.com/@wef/podcasts).

The View Beyond: Thoughts from our CIO on how to invest in a crisis

Moving Markets

The View Beyond: Thoughts from our CIO on how to invest in a crisis