Latest news with #Llanes
Yahoo
17-05-2025
- Business
- Yahoo
Advisor who thrived on Black Monday sends warning on tariffs' next victim
People who were there said it felt like an earthquake. They used words like "surreal" and "unsettling," and said there was a sense of impending doom. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 This was Oct. 19, 1987, also known as Black Monday, the largest one-day percentage decline in the history of the Dow Jones Industrial Average. The massive sell-off resulted in roughly $500 billion in market capitalization vanishing and a lot of mighty scared people. But Louis Llanes wasn't one of them. "No, no, no," the portfolio manager and TheStreet Pro contributor insisted. "It got me excited because I actually was at that time more involved with more thinking global macro. You could be short, you could be long, you could be commodities, stocks, bonds, currencies." Llanes, founder of Wealthnet Investments, LLC and author of The Financial Freedom Blueprint, shared his views about a variety of market-related topics with Chris Versace, lead portfolio manager for TheStreet Pro Portfolio, in the May 15 edition of TheStreet Stocks & Markets Podcast. "So, I've been in a lot of different areas in the business," he said. "I started off on the sales side, where you're going out and finding clients. And I learned very quickly at that time that many of the incentives at the larger Wall Street firms were not necessarily aligned with making money." More Wall Street Analysts: Analyst reboots Apple stock price target ahead of earnings Analyst unveils surprising Tesla stock target after Musk's remarks Analyst raises eyebrows with Amazon stock price target "We had all the research," he added. "I was, like, this doesn't make sense. I'm in this business to make money." As far as people who are just coming to the market, Llanes said he sees two types of newer investors. "One wants to do it themselves, is interested in it, and highly capable of doing it themselves," he said. "Maybe they're an engineer or something like that. Their psychology is different than, say, somebody who's got a job. They're a manager or something like that, and they don't have time for that. You have a different kind of a view on how to do things." Llanes advises people generally to continue investing based on the long term. "It depends on how old you are," he said, "but to have more of a longer term view and to have one based on an investment strategy that's based on economics, not on emotion. The biggest problem you get is, for example, let's say you're a doctor, you're going to hear all sorts of things in the operating table or when you're doing whatever." "And those clients that I have that are in those fields, they tend to have all sorts of things like, hey, 'what do you think of this?'" Llanes added. "They're hearing all these things and people will talk about, all the things that they made money on. Nobody talks about the things that they lose money on." Remember, he said, "the people who are talking a lot about how much money they made on something probably aren't doing as well as you think they are." Llanes said that the old adage about letting your profits run and cutting your losses short is probably the most important rule in investing. "As soon as you know you're wrong, get out," he said. "And if you're not sure, if things are working out in your favor, be a little bit apprehensive or a lot apprehensive to just unload that security." The conversation turned President Donald Trump's scattergun tariff plan that has gone through several personality changes since the April 2 "Liberation Day" said that he expected from the very beginning that tariffs would be rolled back "because it was a shock that came to the system on the approach." "There's a difference between how the initial communication went to the public on how we were going to deal with tariffs," he said. "Right on its face, we knew it wasn't feasible. So we knew there'd there would be some pulling back." While Llanes thinks the negotiations will be more on the normal side, the initial approach was good since it got a lot of people talking very quickly, and "the ball is moving a lot faster" now than the traditional country-by-country method. "So, in terms of as an investor, I think that the biggest thing is that you just have to understand that there's going to be winners and losers in this." he said. Llanes' said all of the trends are pointing toward interest rates staying higher. "Nobody really knows how the tariffs are going to work out," he said. "I mean, we're still working through it. The tariffs won't be as inflationary as the alarmists are saying." Llanes believes the other part of the equation, which will see more investment in the U.S., will continue to increase. "That will hold up interest rates," he said. "And I think that's going to affect the real fast-growing companies that are way overvalued. They're going to struggle, I believe."
Miami Herald
16-05-2025
- Business
- Miami Herald
Advisor who thrived on Black Monday sends warning on tariffs' next victim
People who were there said it felt like an earthquake. They used words like "surreal" and "unsettling," and said there was a sense of impending doom. Don't miss the move: Subscribe to TheStreet's free daily newsletter This was Oct. 19, 1987, also known as Black Monday, the largest one-day percentage decline in the history of the Dow Jones Industrial Average. The massive sell-off resulted in roughly $500 billion in market capitalization vanishing and a lot of mighty scared people. But Louis Llanes wasn't one of them. "No, no, no," the portfolio manager and TheStreet Pro contributor insisted. "It got me excited because I actually was at that time more involved with more thinking global macro. You could be short, you could be long, you could be commodities, stocks, bonds, currencies." Llanes, founder of Wealthnet Investments, LLC and author of The Financial Freedom Blueprint, shared his views about a variety of market-related topics with Chris Versace, lead portfolio manager for TheStreet Pro Portfolio, in the May 15 edition of TheStreet Stocks & Markets Podcast. "So, I've been in a lot of different areas in the business," he said. "I started off on the sales side, where you're going out and finding clients. And I learned very quickly at that time that many of the incentives at the larger Wall Street firms were not necessarily aligned with making money." More Wall Street Analysts: Analyst reboots Apple stock price target ahead of earningsAnalyst unveils surprising Tesla stock target after Musk's remarksAnalyst raises eyebrows with Amazon stock price target "We had all the research," he added. "I was, like, this doesn't make sense. I'm in this business to make money." As far as people who are just coming to the market, Llanes said he sees two types of newer investors. "One wants to do it themselves, is interested in it, and highly capable of doing it themselves," he said. "Maybe they're an engineer or something like that. Their psychology is different than, say, somebody who's got a job. They're a manager or something like that, and they don't have time for that. You have a different kind of a view on how to do things." Llanes advises people generally to continue investing based on the long term. "It depends on how old you are," he said, "but to have more of a longer term view and to have one based on an investment strategy that's based on economics, not on emotion. The biggest problem you get is, for example, let's say you're a doctor, you're going to hear all sorts of things in the operating table or when you're doing whatever." "And those clients that I have that are in those fields, they tend to have all sorts of things like, hey, 'what do you think of this?'" Llanes added. "They're hearing all these things and people will talk about, all the things that they made money on. Nobody talks about the things that they lose money on." Remember, he said, "the people who are talking a lot about how much money they made on something probably aren't doing as well as you think they are." Llanes said that the old adage about letting your profits run and cutting your losses short is probably the most important rule in investing. "As soon as you know you're wrong, get out," he said. "And if you're not sure, if things are working out in your favor, be a little bit apprehensive or a lot apprehensive to just unload that security." The conversation turned President Donald Trump's scattergun tariff plan that has gone through several personality changes since the April 2 "Liberation Day" announcement. Related: Veteran investor turns heads with bear market advice Llanes said that he expected from the very beginning that tariffs would be rolled back "because it was a shock that came to the system on the approach." "There's a difference between how the initial communication went to the public on how we were going to deal with tariffs," he said. "Right on its face, we knew it wasn't feasible. So we knew there'd there would be some pulling back." While Llanes thinks the negotiations will be more on the normal side, the initial approach was good since it got a lot of people talking very quickly, and "the ball is moving a lot faster" now than the traditional country-by-country method. "So, in terms of as an investor, I think that the biggest thing is that you just have to understand that there's going to be winners and losers in this." he said. Llanes' said all of the trends are pointing toward interest rates staying higher. "Nobody really knows how the tariffs are going to work out," he said. "I mean, we're still working through it. The tariffs won't be as inflationary as the alarmists are saying." Llanes believes the other part of the equation, which will see more investment in the U.S., will continue to increase. "That will hold up interest rates," he said. "And I think that's going to affect the real fast-growing companies that are way overvalued. They're going to struggle, I believe." Related: Veteran fund manager who forecast S&P 500 crash unveils surprising update The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Gulf Today
16-04-2025
- Entertainment
- Gulf Today
Firetti Contemporary features works of Reynier Llanes in ‘Reverie' show
Firetti Contemporary, the gallery where art and creative concepts align from the region and beyond, is hosting Reverie, the Middle Eastern debut of acclaimed Cuban-American artist Reynier Llanes (Apr. 14 – June 14). Curated by Celine Azem, the exhibition showcases works from Llanes's celebrated series, The Poet, where themes of self-reflection, memory and storytelling, unfold through pictorial representation. The show draws inspiration – and gets its title - from the philosophy of 'reverie', as articulated by French philosopher Gaston Bachelard in The Poetics of Reverie. Bachelard insisted that reverie is not a mental vacuum, but actually indicated an abundance of spirit. For Bachelard, reverie was a state of contemplation where imagination and memory merged to reveal truths about the self and the world. Llanes embodies this vision, creating works that act as gateways to introspection, with reality and reflection playing major roles. Emotions and memories surface in his works, with the compositions sharing personal and universal qualities. Reverie, according to the artist, is not about escaping life's struggles but about reinterpreting them, in a space where emotions, memories and aspirations, interlink. Harvest of war in gouache, crayon and paper. At the heart of Reverie is The Poet, an enigmatic figure observing the fleeting yet profound moments of life — self-discovery, nostalgia, love, and loss. Suspended between memory and imagination, The Poet exists in a state of perpetual contemplation. Through delicate line-work and atmospheric compositions, Llanes invites viewers into a zone of reflection and thought, where the boundaries between past and present, real and imagined, what was and what is, are blurred. He has the ability to balance melancholy and beauty, hardship and hope, loss and gain, which creates a tragic yet rewarding experience. Some of the works in The Poet series bridge ancient echoes and contemporary realities, projecting both personal and generic human experiences. 'There is a perspective in storytelling that I love: the more personal a story is, the more it connects with people,' Llanes has said. He presents a poignant piece titled Place dedicated to the wars and conflicts around the world, endowing their stark realities with poetic sensitivity. Solar is a luminous composition with a brighter palette, symbolising renewal and the pursuit of beauty amid adversity. A radiant figure emerges from an ocean of gold, dissolving into the surrounding texture. The canvas radiates warmth as if The Poet has merged with the sun itself, introducing a transcendental element. Holiday Tree on a windy day. In Stellar, The Poet is suspended in the vastness of the cosmos, surrounded by an expanse of celestial fragments. The golden hues of the figure is surrounded by cosmic dust, evoking humanity's search for meaning among the stars. Telephone juxtaposes time past and present, depicting a millennial woman leaning against an old telephone booth, while The Poet — ghostly and translucent — stands alert on the opposite side. The contrast between their worlds is palpable; the work explores connection, distance, and the silent conversations between past and present. Other works further examine solitude, nostalgia and transformation. In The Portal, a spectral figure steps through a rainbow entering the sea, crossing from one realm into another, dissolving in light and colour, suggesting the beauty of the unknown. Thoughts sees The Poet in deep contemplation, reminiscent of Rodin's The Thinker, yet rendered in wavy translucency. The figure merges with its surroundings, as though thinking itself was eroding the boundaries of the physical world. Reynier Llanes and an artwork detail. Another work, Eve, is set against a Cuban porch, where The Poets appear as ethereal figures caught in an intimate, fleeting moment. The painting is a tie-up of reality and memory, since it depicts Llanes's personal connection to Cuba. The piece incorporates familiar imagery — weathered facades, warm streetlights and everyday architecture — grounding dreamlike storytelling in tangible reality. Beyond personal and cultural narratives, Llanes also engages with contemporary discussions on artificial intelligence, consciousness and immortality. As technology advances and raises questions about the legacy of human memory beyond physical existence, The Poet serves as a metaphor for the soul — an eternal essence that infinitely accumulates knowledge and experience, beyond time and space. Just as Reverie allows the mind to journey the past, present, and imagined futures, The Poet becomes a keeper of collective memory and the continuously evolving human experience. 'Time present and time past/Are both perhaps present in time future,/And time future contained in time past.' – T. S. Eliot. Reynier Llanes (b. 1985, Pinar del Rio, Cuba) uses his art to delve into topics steeped in folklore, organically linked to the Cuban landscape. He often portrays this landscape with a magical lens, offering new interpretations. Conceptually, his works craft fables and allegories. He has relocated to the United States, to its South, where he has been hailed as one of the 'New Superstars of Southern Art'. Llanes's art is deeply influenced by the Southern culture of the USA. In addition to his artistic pursuits, he is an avid art collector, focusing on works by Cuban artists, particularly those hailing from his native province of Pinar del Rio. The Ashley Gibson Barnett Museum of Art, Florida, has noted that his 'symbolist narrative paintings and mixed media works underline not merely his immense talents as a realist, but also his ability to conjure alternate yet convincing realities of his own imagination', adding that the artist's 'memories of his roots in Cuba intertwine with his mystical, audience-engaging visions of the present and future.' Llanes's art has found permanent homes in many reputed museums in the United States.
