Tim Boyd (Blueshirt Advisors & Blueshirt Plus; ex-Bridgewater) joins me to discuss macro, trading vs investing, volatility, portfolio construction, the Fed, and much more! We focus quite a bit on advice for less experienced investors, however there should be some good information for those who are more experienced too As always, please send me any feedback whether good, bad or ugly, best to DM me on twitter; and if you have any requests for the show then suggestions are welcome!

Carbon Credits are a fascinating market & personal investment that I have talked about many times, in this podcast, and on twitter. I am therefore thrilled to have had on Lawson Steele, Head of Carbon & Utilities at Berenberg Bank to discuss the market in depth. Lawson is THE expert in this space, and we cover a myriad of dynamics from the obvious political ones, the less obvious political ones, thru to how CCs affect corporates, what happens in a potential future world with...

I discuss my current framework for concentrated, high conviction, investing; and also the flip side, what learnings I have had when I don't have high conviction investments - as capital still needs to be put to work. In this episode, we cover current high conviction investments, potential next high conviction 'radar' investments, the psychology involved, learnings I have had over the years that have helped reduce stress (i.e. when to outsource, things to stop doing). As always, please let...

We are back, with Series 2, Episode 1...! This is meant to be a highly thought provoking Thought Experiment, it will trigger many people, but hopefully most people realise what it's getting at. The inspiration for the episode were people on twitter who think Bitcoin will be 'THE' thing for literally forever - i.e. infinite time. We dive into Relativity, Proof of Work (PoW), a crazy but scientifically sound way to break mining (which is likely impossible for probably 1,000s of years to...

Recently one of my favourite podcasts, MacroVoices, had a discussion between the host Erik Townsend and Mike Green about Bitcoin's role in the Future of Digital Currency. I have huge respect for both Erik and Mike, and so I immediately listened! If you have not listened to it then I really recommend that you do, BEFORE listening to my reaction to it. Unfortunately, I found the episode to be biased, misleading, and 5 years out of date. I woke up the next morning and had about 100 people...

Greg Crennan (@GregCrennan), the CEO of Golden Coast Consultants, joins me to debate Bitcoin - bull vs bear. Greg is quizzing me in this episode, however also debating with me, and we dive into many of the often asked questions & pushbacks about Bitcoin Greg and I fully agree about the long term bearish prospects of fiat money vs hard assets, and we both own gold & silver. So we should agree on Bitcoin right? Well we don't, so hence this debate! This episode is not meant to change a...

Marty Bent (@martybent) joins me to dive deep into the non-obvious ramifications of Bitcoin, its technology and its network. With a deep dive into how the Oil & Gas industry could become dependent on Bitcoin over the next decade Marty is a well known proponent of Bitcoin and both an original thinker but also a healthy sceptic that is realistic about current limitations of Blockchain technology. He is the host of the popular Bitcoin podcast Tales From The Crypt, and also has written his...

Santiago Velez (@Santiag78758327) joins me to discuss Blockchains, the different types, their interoperability, and what the key features are that give advantages over legacy technology This podcast is NOT about the price of Bitcoin, it's the first in a mini-series I am doing on Bitcoin & Blockchain, as many listeners have asked me to dive into the parts that are not covered as much as they should be We cover blockchain basics, different types (especially enterprise vs...

FedUpBizOwner (@HRGPFOREVER) joins me to discuss the US Election...  We can all probably agree that we want to move on with life, and that having a peaceful transfer (Biden win), or no transfer (Trump win), of power is preferable for America and democracy. But is this realistic? Is the US heading for chaos for days, weeks, months (longer?!) Why is Trump going to be in the White House on election night (and not in a hotel as is tradition)? Why has he asked N.C. voters to 'try and vote...

Callum Thomas (@Callum_Thomas) joins me for a journey through his entrepreneurial experience; having founded TopDownCharts in 2016, and building it into a well known independent research firm, with clients across the world; doing this from New Zealand, and from the very southern tip of New Zealand too! This episode is full of great tips 'n' tricks for anyone considering starting their own business, this was Callum's third attempt, and as it the norm, that made him stronger and more...

Teddy is one of the new generation of Hedge Fund managers, having setup Pervalle Global in 2018. Pervalle is very much a macro fund ("macro is back, baby!"), investing across all asset classes, and it brings together a unique set of leading indicators into their investment process As we all know, 2020 has been an 'interesting' year so far, certainly not one to be ever forgotten! We dive into the the latest key dynamics across macro, ranging from US Election, COVID, inflation vs deflation, 2...

Super excited to have one of my most favourite macro analysts on the pod. Paul Hodges is a world-renowned expert on the Chemicals industry and Macro in general, and also the author of the pH Report. The Chemicals industry is the 3rd largest in the global economy and is interconnected with almost all physical products; the trends within it are one of the best leading macro indicators We dive into the ticking demographic time bomb facing the world, and its many ramifications for people,...

Jason Buck (@JasonMutiny) joins me for a wide-ranging discussions about the real 'vol' - volatility. Jason is one of the pre-eminent vol experts and has a great overview of the various strategies that can be deployed - as Mutiny is a fund-of-vol-funds Going 'long vol' is talked about quite a lot, but there has been less focus on what a Retail Investor can practically do, so we talk about various specific long vol trades to give a flavour of what is possible; including a quick masterclass...

Well-known Tesla bear, TESLAcharts (or TC), joins me to discuss his interview/podcast with the Founder & ex-Exec Chairman of Nikola Motor, Trevor Milton, and also a deep dive into SPACs (Special Purpose Acquisition Companies) TC's podcast with Trevor Milton was a rare glimpse into the mind of the leader of a large public company - people like Trevor rarely go on the record in such detail. It received a lot of positive reviews, however also some criticism. No one could have know what...

This was a very different, and incredibly enjoyable conversation that really digs into what it takes to be an entrepreneur, emotions, how to hire, how to fail, how to understand that the journey is the destination, and ultimately why most people underestimate the impact of technology (very important for understanding the macro of tomorrow) Jeff is a serial entrepreneur, a highly accomplished investor in tech startups (across many different industries), and he is the author of "The Price of...

Jeff Snider (@JeffSnider_AIP) joins me for a very different type of episode! Beyond the USD... What could a future world Reserve Currency look like?  We don't hang around too long on fiat currencies, quickly moving to potential currencies like Energy which would be a natural candidate for civilisations that are a bit more advanced (say 50-100 years ahead) than humans are now Why is this important? How can we practically move away from the current USD system to a better paradigm? What would...

Brent Johnson (@SantiagoAuFund) joins me to go 'Beyond the Milkshake' - and gives a masterclass in portfolio construction Brent is well known for his Dollar Milkshake thesis that the USD will spike due to huge USD denominated debts across the world leading to a wave of defaults, and huge USD demand, but how can we go from a thesis to an actual portfolio? Also, is it possible to allocate in a manner that means if your thesis is ultimately wrong, you can still make money? We dive into the...

What does it take to realise a life-changing investment, i.e. 100x returns? How can we be ready for the mental challenges, the ridicule from friends & family for being 'crazy' and 'nuts', and the emotional ups and downs? Is the mindset required similar to being an entrepreneur? Raoul Pal, CEO & Co-Founder Real Vision; Founder Global Macro Investor, is no stranger to this, as a serial entrepreneur and long time successful macro investor. We do a deep dive into the mental strength...

FedUpBizOwner (@HRGPFOREVER) returns for an episode dedicated to the Supreme Court & Election Politics. FedUp needs no introduction, his first episode on Mail In voting and Franchise Financing remains the most popular podcast in this series. Today's episode has been eagerly anticipated so I hope it lives up to expectations! It was recorded at 8pm EST on Sunday 20th September It's a doozie :)

Eric Basmajian, a Jedi Master of data, insights, and incredibly clear and well thought out logic joins me to discuss Inflation vs Deflation (deep dive here), how to think about constructing a portfolio (including ways of hedging), and how the upcoming US Election could affect markets, based upon various combinations of who controls what (POTUS, House, Senate). Eric also gives his top tips for what non-obvious data to track (do you track Copper SCRAP prices, what about Plywood instead of...

Volatility is back! Nothing too crazy yet, but when stocks are up, AND volatility is up, one has to take note and be more cautious - this was a couple of weeks ago, and we did see a correction in stocks, especially some of the mega cap tech stocks In this episode we discuss the current market (as of Friday 11th Sept), volatility and ways to not trade it, as well as ways to trade it; and we dive into the latest insights from my quest to understand Reserves and hopefully answer the Inflation...

Emil is one of the most articulate free-thinkers in the macro/economics space. This conversation was a real treat for me. I never thought it would end up going 500+ years into the future when talking about potential reserve currencies - and it wasn't science fiction (maybe it becomes science fact!) So not surprisingly this was a very wide ranging discussion, spanning the 'Silent Depression' we have had since 2008, politics and what size of shock is required for real change to occur, thru...

We welcome Zach Abraham for a wide-ranging conversation about the economy, markets, and politics. We also talk about investing psychology, mistakes, how hard it is, but also when to double down and really put the pedal to the metal Zach is the Principal and CIO of Bulwark Capital Management, a US-based money manager, mainly focused on Retail clients, with $130m AuM. He weathered the 2007/08 GFC well, and has built the company to be disciplined, yet agile To listen to Zach every week,...

Professor Danny Blanchflower (@D_Blanchflower) joins me to discuss the state of the global economy; we touch on many areas including how Central Banks are seemingly incapable of forecasting recessions, and how 'group think' within Economists (and Academics in general) has become so persuasive, that dissenting voices are not wanted... Danny dissented on 18 of the 36 Bank of England Monetary Policy Committee (MPC) votes he was involved in from 2006-09, and 13 of these 18 he was the sole...