Return to Reality as Commodities and Real Assets Boom
Return to Reality as Commodities and Real Assets Boom
WTFinance: 11-15-2025
The current market feels dizzying. Are we riding a revolutionary AI wave to perpetual new highs, or are we standing on ground prepared by historical patterns of asset bubbles and inflation?
To help navigate this critical juncture, the WTFinance podcast recently welcomed back Wasif Latif, President and CIO of Sarmaya Partners. With 25 years of experience managing global multi-asset portfolios, Latif offered a compelling argument:
The market is currently undergoing a profound secular shift, and while the spotlight shines brightly on high-flying technology, true investment opportunity lies in tangible assets—commodities, energy, and precious metals.
Here is a breakdown of Latif’s insights into the present economic landscape, historical parallels, and the necessary portfolio adjustments for the coming decade.
Latif cautions investors against being mesmerized solely by the tech narrative. While technology innovation is real, the valuations often detach from reality when structural macroeconomic pressures are ignored.
In this environment of persistent inflation and rising interest rates, the traditional model of high-growth, cash-burning technology companies becomes inherently vulnerable. When capital is expensive, the companies that own inflation-protected assets thrive.
If the secular trend is shifting away from tech dominance, where should investors look? Latif points unequivocally toward assets that benefit from inflation and supply constraints.
This imbalance—persistent demand colliding with constrained supply—suggests that energy prices are structurally elevated, making commodity-oriented equities and energy producers prime beneficiaries.
Perhaps the most potent signal of a shift in global risk perception is the behavior of central banks. Latif highlights the ongoing, strategic accumulation of gold by central banks worldwide.
This institutional demand creates a strong, sustained floor for precious metal prices, making gold an essential component of a globally diversified portfolio navigating geopolitical uncertainty.
Latif’s overarching advice is simple yet profound: History provides the roadmap. Investors must look beyond the immediate headlines and understand that cycles turn. The dominance of U.S. growth stocks that defined the last decade is now giving way to a new cycle favoring tangible assets.
He warns against assuming that today’s tech boom will sustain itself indefinitely, especially when fundamental indicators point to structural inflation and strategic shifts toward commodity ownership.
A prudent portfolio strategy today requires aligning with this secular trend—meaning a thoughtful reallocation toward energy, raw materials, industrial commodities, and precious metals.
This summary captures only a fraction of the deep historical and market insights offered by Wasif Latif.
To understand the full details of this monumental market shift and gain critical perspective on navigating the current economic cycle, be sure to watch the full video interview from WTFinance.