Sermons From the Free Market: Recent Episodes

Peter Pham

Premonitions of The Big Trade and sacred writings on investing. Thou shalt eviscerate all risk.

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In life, games, and markets, pattern recognition is the edge but precision is the price of admission: see the structure clearly and you win; misread it by even a fraction and the same pattern becomes your loss.

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They’re so jaded they believe the only way to beat the game is to become Al Capone.

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12:18 pm est

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Markets are not volume-weighted democracies.

They are time-sensitive systems operating under constraint.

Size matters only relative to the state of the system at the moment it is deployed.

Size measures force.

Timing measures leverage.

Force requires repetition.

Leverage requires precision.

Markets respond to leverage first.

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There’s a popular piece of investor folklore that gets repeated like it’s scripture:

“You don’t have to swing at every pitch. Just wait for the perfect one.”

It sounds wise. It sounds patient. It sounds like the kind of thing a long-term guy says so he doesn’t have to explain why his entries are vague, late, or nowhere near the actual hinge that mattered.

But here’s the truth:

Real operators don’t sit in the dugout waiting for some hypothetical perfect pitch.

Real operators study tempo.

Most people quoting this line imagine themselves as Buffett mixed with Ted Williams—someone holding a bat calmly, zen-master style, until the universe gifts them one flawless pitch in the strike zone.

But that’s not how elite hitters think, and it’s not how elite traders move.

Look at someone like Ohtani.

When he’s in the dugout, he is not waiting passively.

He’s not treating every pitch like a lottery ticket where he gets one chance and the rest don’t matter.

He’s doing something fundamentally different:

He’s watching tempo.

Tempo of the pitcher.

Tempo of the release.

Tempo of the setup.

Tempo of the sequence.

Tempo of the game itself.

He’s calibrating his internal clock to the environment long before he ever steps up to the plate.

And that’s why he can swing at more pitches—not fewer—with higher accuracy.

The myth is that elite performance is about restraint.

The reality is that elite performance is about calibration, so that when the opportunity appears—even half-formed, even incomplete—you’re already running the identical internal tempo that the moment requires.

You don’t freeze.

You don’t hesitate.

You don’t “wait for perfection.”

You swing because your preparation makes the moment inevitable.

This is where the investor metaphor collapses.

Most investors who preach “wait for the perfect pitch” are actually saying:

“I don’t have the skill to identify intraday tempo.”
“My entries don’t matter because my timeline is so long.”
“I only swing because I convinced myself I have infinite time.”

It’s coping disguised as discipline.

Because in real markets—especially ones moving at modern velocity—precision matters. Tempo matters. Calibration matters. And accuracy comes from presence, not patience.

People forget this:

A hitter who only swings at the “perfect pitch” never actually develops timing.

And someone without timing has no business giving anyone investment advice.

The operator’s mindset mirrors Ohtani’s:

**Immerse in the flow long before the swing.

Study the sequence, the cadence, the acceleration.

Match your internal tempo to the tape.**

That’s the opposite of waiting.

It’s active authorship.

And the irony is this:

When you’ve calibrated to the moment, nearly every pitch becomes hittable.

Not because they’re perfect—

but because you are.

This is the difference between someone who hopes for opportunity

and someone who creates it.

This is why real operators build streaks, build rhythm, build win rate.

You’re not hiding in the dugout waiting for cosmic alignment.

You’re present in the tape, reading every shift, matching the speed, collapsing variance, and executing with the same confidence an elite hitter has after watching 40 warm-up pitches from the same pitcher.

The pitch doesn’t make the hitter.

The tempo does.

That’s the part the passive crowd never understood.

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You need to let go of the market.

In order to rebuild the market.

If you don’t - you will lose.

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I often emphasize the importance of “out-algorithming” the algorithm—identifying advantageous opportunities without enduring drawdowns, wait times, or downturns. For instance, observing Friday’s close, I hypothesized that Sunday’s opening would trend higher. While the anticipated magnitude was greater than the actual outcome, the long weekend likely influenced this discrepancy.

This approach combine the analysis with trading execution, mirroring the behavior of algorithmic systems. Operating in this realm places you among a select group, ensuring a durable edge.

Many people often misconstrue the relationship between short-term and long-term strategies. They assert, “In the long term, it will go up,” which may hold true. However, have they invested the effort to determine if the same directional principles apply in the short term?

Understanding both perspectives is crucial. While long-term investing focuses on gradual growth over extended periods, short-term trading seeks to capitalize on immediate market movements. Each approach requires distinct strategies and risk management techniques. By analyzing and integrating both, one can develop a comprehensive understanding of market dynamics.

In essence, blending insights with strategic execution, while acknowledging the nuances between short-term and long-term approaches, can enhance one’s ability to navigate the complexities of the market effectively.

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I’ve sat through more bland PowerPoint presentations than I care to count—especially from countries boasting massive trade surpluses with the United States. They all follow the same formula: a slide showing the date they joined the WTO, followed by a neat correlation to their GDP growth. It’s practically a template at this point, a repetitive story that amounts to what I call “death by PowerPoint.” And honestly, it’s not surprising. If you peel back the layers, their entire economic model is built on maintaining a trade surplus with the U.S. to attract even more capital. It’s nothing new, yet it keeps getting repackaged as if it’s some brilliant economic breakthrough.

The Deception of Free Trade

The irony is that this entire model stems from the deception of free trade, something Bill Clinton and the government helped champion under the illusion of doing good. The promise was mutual prosperity, but in reality, it became an asymmetrical game where other nations amassed wealth while the U.S. hollowed out its industrial base. The narrative of free trade was presented as an unquestionable good, a force for economic equality, but it instead accelerated wealth concentration, particularly in manufacturing-heavy economies like China. What was once seen as a noble economic strategy has now, at least moderately, begun to invert—exposing the flaws in the system that so many refused to acknowledge for decades. The U.S. is now selectively reshoring industries, and the very same institutions that once praised unregulated free trade are now grappling with its unintended consequences.

The Golden Age of Belief

This reminds me of how certain truths—uncomfortable as they may be—always find a way to emerge, whether through solid math, abstract thought experiments, or the sheer force of reality. The wrong ideas of the past don’t just fade away; they leave consequences. Just like free trade was once sold as an unquestionable good, many other illusions persist simply because people refuse to challenge them.

Take generational awareness, for example. I’ve noticed that zoomers tend to be far more racially aware than boomers. And why wouldn’t they be? Boomers grew up in a different world, one without large-scale multicultural migration. They never had to confront its potential downsides firsthand, so they blindly assumed it would always work out fine. But reality has a way of proving people wrong.

Post-COVID, something even more interesting has emerged: a counter-hierarchy that challenges long-held narratives. Before 2020, the dominant social and economic structures functioned in a predictable way—politicians, corporate elites, and legacy media dictated consensus. However, the pandemic accelerated the decline of these institutions' credibility. The rise of decentralized financial systems, independent content creators, and alternative economic models has reshaped the landscape. Trust in mainstream narratives has eroded significantly, and people are now more likely to seek out information from non-traditional sources.

Statistical evidence supports this shift. According to a Gallup poll, trust in mainstream media hit an all-time low post-COVID, with only 34% of Americans expressing confidence in traditional news outlets. Meanwhile, financial independence movements, cryptocurrency adoption, and decentralization trends have surged, with crypto ownership rising from 9% in 2019 to 22% in 2023, per Pew Research. These trends highlight how the post-COVID world has created new verticals of influence, challenging the previously rigid hierarchy of information and power.

Exceptionalism vs. Reality

That’s why I reject the idea that all people are fundamentally the same. The world doesn’t operate on comforting illusions; it operates on hard truths. Yet we’re constantly discouraged from pointing them out. Most boomers, from my perspective, will go to their graves believing that anyone who challenges their worldview is simply hateful. They lived their lives in comfortable suburbs or on cruise ships with like-minded peers, insulated from the real-world consequences of the policies they championed. But the truth doesn’t care about comfort—it will reveal itself, whether people are ready for it or not.

It’s a tragedy that so many people can’t grasp these ideas in theory; they have to experience the fallout themselves. This is why Ayn Rand’s work became so prolific—she didn’t just theorize about ideology, she articulated what she had lived through. Experience is the ultimate teacher, and those who refuse to learn from the past will be forced to learn the hard way in the present.

The Final Reckoning

In the end, whether it’s the recycled WTO trade surplus PowerPoints or the tired insistence that “we’re all the same,” these narratives don’t fool me anymore. They might serve as temporary distractions for those desperate to believe them, but reality will always have the final say. The post-COVID counter-hierarchy is a direct response to this deception, forcing people to question what was once considered an undeniable truth.

No amount of polished slides, empty reassurances, or carefully curated illusions can stand against the truth forever. Sometimes, the only way society wants to learn is through direct experience—even if that experience is painful. And right now, we’re witnessing that learning process unfold in real time.

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You can hear me saying it’s dropping throughout the clip as we out-algo the algorithm to push it lower.

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Imagine this: during his commute, a trader creates new session highs.

Logistically, how long would his commute be?

Now, assume he completes his commute, and then you see a spike lower.

Are these pivots a coincidence?

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A man with focused knowledge grows in strength.

David, a mere shepherd boy, defeated Goliath with remarkable ease and precision. Though others tried to keep David within the flock, he possessed wisdom and a divine strategy.

His victory was a shocking triumph that left many in awe.

Both friend and foe had a seat to the table / audience.

How peculiar.

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We live in a twilight world. There are no friends at dusk.

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S&P 6000 & drop?

Nov 5, 2024

Remember?

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Been shorting all morning. Might as well do it in front of the stock exchange and CNBC.

LMAO!

This world is fallen - always invert.

Laugh now - cry later (at your advisor).

Should I make stock market paintings for a whole trading session?

;)

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Shaping the close…

Wall - Street - Art

Wall - Street - Magic

Anytime - Anywhere

Validation Privilege Portfolio

1 of 1

Peter Pham

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Dictating the prospective on markets for you daily.

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Changing the future in the present.

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A clown said me “I don’t agree with your style”.

I’m super aesthetic
It works

U mad?

I’m sure you are.

:)

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I spent 20 years in becoming the best in the world.

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My hands are busy doing something else - for ali my MBA’s, CFA’s and PHds.

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To do more with less is anointed - as I just did with the market.

The story of Sal and David is often used as a metaphor to illustrate how resourcefulness and strategy can overcome size or resource limitations, demonstrating that “less” can indeed accomplish “more.”

In the tale of David and Goliath, David was a young shepherd who faced Goliath, a giant warrior armed with heavy armor, weapons, and strength. While Goliath represented power and intimidation, David had only a sling and a few stones. Yet, David was not deterred by the difference in resources. Instead, he leveraged his agility, skill, and a precise strategy to take down Goliath with a single stone to the forehead, achieving victory with far fewer resources.

This story resonates with the idea of moving global indices with smaller, highly targeted actions, like in the example of influencing $80 billion in market value within 30 minutes. Instead of relying on vast resources or heavy-handed tactics, strategic and agile actions (like David’s stone) can yield outsized impacts, shifting markets and creating disruption with relatively “less.”

In essence, Sal and David’s story illustrates how careful planning, understanding leverage, and using available tools effectively can turn a limited set of resources into a force powerful enough to create massive change.

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Sense of humour is an indicator of maturity, which is why if you can't see the comedy in perversity of the tragic, you have a lot of growing to do.

@tellyoursons

I got sparks and people trying to sell me electricity - hilarious!

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The thing about public equity’s that makes people uncomfortable—but is actually a positive aspect—is the feeling of lack of control. People see it as volatile and unpredictable, which introduces an element of risk. This is why they tend to prefer other investments. For example, in private equity or venture investments, you’re often deeply involved in the transaction, sometimes communicating with both the buy-side and the sell-side. This involvement gives a sense of control over various factors. In the stock market, however, you don’t have that level of control—especially with broad market indices like the S&P 500. That’s why the usual advice is to just buy, hold, and close your eyes.

In my case, I have optimized to influence global equites market and to rival all opportunity cost throughout all capital markets. Consider that, not all investment banking deals go through, and not every transaction is successful, but with a 66–70% likelihood of success, I can actually make the market move.

This brings a level of influence to a $48 trillion S&P 500 unparalleled to any opportunity cost based on the total market capitalization of the influence. Besides the analytical insights that guide when to buy or sell, this ability to move the market is the missing link—a unique advantage. It’s similar to negotiating a deal in private markets, where you might think, “If I take Jacob out to lunch a few times, maybe he’ll sign the deal.” People like that because it feels hands-on, like they’re influencing the outcome. But rather than having to rely on personal rapport, I can directly make moves in the market. This control is far more valuable than even the biggest deals with individual clients—it’s a way to command influence in one of the largest markets in the world.

Sparking the market to muster a ‘pocket of light’.

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Today, I made the world’s biggest stock market do Space X.

Launch and land safely.

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Good morning from New York!

The clip above shows the process of managing volatility, which triggers a biofeedback loop of stress. However, with the right mind-over-matter approach, you can channel that biofeedback into achieving greatness, enabling you to navigate the unpredictable nature of the pre-market, market, and data entropy.

It’s important to note that the conquest of markets is not about mind over matter, but mind over the collective consciousness — or mind over minds.

The narration focuses on segmenting the volatility anticipated for today as she navigates each obstacle. In this case, we are post-holiday with a gap down from the overnight session leading into key data points.

We will use this to develop a few ideas for the pre-market and open, based on pre-market activity and the economic data coming out at 10 a.m., such as the ISM and construction spending, along with some exceptionally high win-rate trades.

Later this week or early next week, I will post a fresh portfolio with real funds and provide daily updates on its performance and returns, in conjunction with the signals highlighted here.

Walk through fear…

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Happy hour banter - low quality audio - high quality paradigms.

To those that solved the market cheers!

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Not only are our trades 🔥

Our energy and banter is interesting even by NYC standards.

I believe in confluence.

Like you should believe in conditional probability.

Prices are going up on CPI day - because of inflation LoLz

Stay Enlightened

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Can you feel it in the air?

Fear.

The tape has picked up steam finally.

With a cautious Asian session.

We have secured our breakout and direction for Sunday night.

1. Unlock Hidden Profits: Sunday Night Strategy (Win-Rate 92%) ✅

4. Big Gains Await: Sunday Night Breakout Formula (Win-Rate 90%) ✅

As we prepare for Black Mamba Monday.

We have slated 5 trades.

SEPARATE THE WEAK FROM THE CHAFF

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Hunter-gatherers typically spent about 3-4 hours per day foraging for food. The food they gathered would generally last for a short period, often just a day or two, due to the lack of preservation methods and the immediate consumption of perishable items. This lifestyle allowed for significant leisure time, with some studies indicating that hunter-gatherers spent around 40-50% of their daylight hours at leisure.

I heard the sage likes fast food too ;)

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Take a moment to observe what we shared with subscribers and see how the entire day developed with a higher close. We had indicated to subscribers that there was an extremely high probability of an upward trend, which could result in highs in the 1:30-2:00 PM time frame. Even with a pullback, gains could still be sustained due to historical precedents.

Intraday $SPY

Sent at 9:30 am EST:

We even established the low of the day both publicly and for our valued readers.

Consequently, we have identified two trading opportunities: 1) near the lows of the opening 30 minutes and 2) at the lows of the day, potentially set between 10:30 and 11:00 AM. This positions us for a potential upward bias leading into the last Friday of July.

We even ran scenario analyses for the entire afternoon session.

I am preparing for a podcast after the close and hope everyone has an enjoyable weekend.

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As we enter the new trading week, a unique market setup has emerged that warrants attention. The S&P 500 is showing signs of strength, with the confluence of factors creating an intriguing opportunity for traders looking to capitalize on early-week market dynamics. Historical data indicates that similar setups have occurred approximately 4-5 times per year over the past six years, making this a relatively rare but recurring phenomenon.

Our analysis of past occurrences reveals impressive statistics: an overall win rate of 82.14% when measured against the S&P 500 index. The risk-reward profile is particularly attractive, with a profit factor of 3.57, indicating a strong potential for positive outcomes. The system employs two distinct profit targets: a more ambitious one for optimal conditions and a conservative one for other scenarios. Further analysis shows that in optimal conditions, the win rate can reach up to 89.47% with an average profit of +15 points per trade.

Even in more conservative scenarios, the strategy maintains a solid 66.67% win rate. Risk management is handled through a fixed stop loss, effectively preventing larger drawdowns. Interestingly, the strategy has shown a tendency to perform better in the first half of the year, with January and April showing the highest frequency of occurrences. The average duration of winning trades is 4.2 hours, suggesting that most profitable opportunities materialize within the first half of the trading day. It's worth noting that 67.86% of trades historically reached their targets before the market close, indicating good timing in the exit strategy.

Without this message..

It would be just another manic Monday.

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Can you stand the test of time?

And by that, we mean seconds, minutes, days, weeks, months, quarters, and years. In any market cycle, with no curve fitting because the environment has changed?

Or do you have the foresight to go ‘all-in’ from a risk management perspective with a 90% probability, literally minutes before an event that has occurred just 13 times in the past year?

I’m thrilled to share insights into a trading system that has demonstrated remarkable effectiveness and performance across various market conditions.

At its core, this system embodies the perfect fusion of art and science in trading. It’s built on a foundation of statistical analysis, probability theory, and a deep understanding of market behavior. However, what sets it apart is not just its mathematical underpinnings, but how it integrates these with practical trading wisdom and adaptability to real-world market dynamics.

Key strengths lies in its ability to capitalize on recurring market patterns. By recognizing and exploiting these patterns, it gains a significant edge. Unlike many systems that falter when market conditions change, this one has shown remarkable adaptability. Whether in bull markets, bear markets, or sideways trends, it has consistently delivered positive results.

The system’s robustness is not just a claim – it’s a fact backed by rigorous testing. We have subjected it to extensive backtesting, covering years of market data across various economic cycles. But we didn’t stop there. Recognizing the potential pitfalls of overfitting and selection bias, we employed advanced statistical techniques to validate its performance.

A Monte Carlo simulation, running thousands of iterations with randomized trade sequences, confirmed that the system’s performance isn’t just a fluke or the result of a fortunate sequence of trades. It maintained strong performance metrics across these randomized scenarios, demonstrating its underlying strength.

Furthermore, we conducted a survivorship bias test, removing the top-performing trades and even entire months of data. The system’s ability to remain profitable even without these “best-case” scenarios is a testament to its fundamental soundness.

isk management is another area where this system excels. By carefully balancing risk and reward, it achieves a positive expectancy – the crucial factor that separates winning systems from losing ones over the long term. The system’s drawdowns remain within manageable limits, even during high volatility periods, showcasing its ability to preserve capital during tough market conditions.

Perhaps most impressive is the system’s statistical significance. A t-test analysis revealed a p-value of less than 0.0001, indicating that the system’s results are highly unlikely to be due to chance. In the world of trading, where separating skill from luck is often challenging, this level of statistical confidence is truly remarkable.

The system also boasts impressive risk-adjusted return metrics. With a Sharpe ratio consistently above 1 and a Sortino ratio even higher, it demonstrates its ability to generate returns that more than compensate for the risk taken. The Calmar and Sterling ratios further underline its efficient use of risk capital.

We’ve built in mechanisms for ongoing monitoring and adjustment. The system is designed to evolve with the markets, ensuring its relevance and effectiveness over time.

In conclusion, this trading system represents a significant advancement in algorithmic trading. Its blend of statistical rigor, adaptability, and robust risk management sets a new standard.

Best,

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HOW TO USE THE INVERSION trades to be executed in a timely fashion without explanation are found on the NOTES page. The best format for relaying intraday actions without bombarding your inbox. We are first and foremost proprietary traders with skin in the game.NEWSLETTERWe post most days with insights and updates. Emails provide the rationale and relative strength of positions for investors to take informed positions. We simultaeously capture gains in trading performance and capture the evidence of our track record with time stamped content.THINKERSWe publish research in a sporadic manner, with the aim of formulating theses for deeper insight. Quality and independent thought comes first, we publish when the ideas and methods for conveying them are developed enough. Research pieces create the big picture maps for longer term market navigation.STRATEGYOur signature strategy of Inversion Investing uses statistical probablities to navigate price direction trends using indicators from three axis points:CONTRARIANACTVISTRELATIVE STRENGTHREAL TIME & REAL EDGEWhether you want to increase alpha in your fund or are looking to alllocate capital with capable hands, we provide a range of services for institutional investors, family offices, accredited investors and independent investors.If you were considering sharing this newsletter, this is the episode for it.Thank you for the introducing The Inversion Investor!

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When "Mad Money" first aired on CNBC, it was all the rage. I remember sitting in Toronto, watching this man drop some wisdom. His picks on the opening segment would move the after-hours on stocks.After all this time, I finally got my own amusing lightning round, asking Jim about $BA and Japan.

It really didn’t go anywhere, as Jim was busy shaking. But then I got to have some good conversations with some guys on the Street. I've got a series of big announcements coming and some special project releases. Maybe I'll drop some fire stock picks if my laptop recovers from a coffee spill incident- welp.

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What are you receiving from me?

Are you receiving data?

Are you receiving AI?

Are you receiving content?

You are receiving art.

Authentic art.

Art condensed with value, providing an advantage over the market, something not everyone can achieve.

If automation is being automated.

What you need is another perspective - 1 of 1.

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“Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.”

―Steve Jobs

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Regarding the above, consider the concept of a wartime economy and infrastructure stimulus.

So the S&P hits 5000.

Single-handedly, the biggest position I have taken in a duration of 2 years.

During times when it was extremely unpopular.

As you may or may not know, I'm neutral and I'm pinning the index for this week. Not because I'm really interested in intraday trades, but as I previously mentioned.

Hitting the bullseye is very much the single greatest achievement in the art of speculation.

When I think of markets, I strive to identify the essence of their necessity for functioning as the real edge.

What am I saying?

You must seek to find the anomaly in the normality.

If you can find the anomaly in the normality you are ‘set for life’.

A real edge in the market should work in all time frames and durations.

If the edge is time-specific, such as using an indicator that only works with a certain time frame, it should be seen as curve-fitting.

If the edge is fad-specific, that is also an indication of no edge. I often see these grafters with no edge, engaging in the latest fads like NFTs or crypto, when they didn't even have an edge on whatever fad they were focused on before.

This is why an astute value investor can buy a under valued asset at any given moment because one believes his edge to reflect over a longer duration.

For example, with all our data on the amount of water consumption, steps or sleep required to be considered ‘good’, why is it that on both an aggregate level and an individual level, the data will present our inability to meet the suggested daily requirements?

If we were to tally water, steps, or sleep beyond the daily time frame, such as quarterly or annually, these characteristics still exist.

We could call this reflective of human nature, which is the longest durable edge in markets and can always be seen with a simple examination of the data in both long and short time durations.

Consider the fact that there is an influx of volume at the open, with it tapering off in the afternoon and picking up near the close. This phenomenon mirrors our biophysical energy levels throughout a day.

Over longer periods of time, volume expansion and contraction can be observed in seasonality, such as the decrease in activity during summer in the Hamptons.

FYI, I’m looking for clever analyst to work on some projects with.

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The market history of China is predicated on saving face.

A particular ethnic face has been co-opted into the ideas of nationalism and merged into a communist political ideology. With a system that promises anyone who supports the system that they won't lose face in the ‘playground’.

The issue with the playground is that it's only their controlled playground. It is the low-value (GDP per capita or Google Ad Spend/Rev) collectivism that reinforces the echo chamber, providing the mini social dopamine to keep the participants of the game happy.

Imagine, a market that isn’t a market.

Short Bans

Trading Bans and restrictions

Analytical Consensus

Price Pegging

One Way Managed Trade

Coordinated Liquidity Gates with the Multinational Managerial Class (aka passport bro?)

Systemic risk and natural recoveries are halted in favor of long-drawn-out frozen markets to transition to moderately more liquid environments is concerning.

Central planners make time relative.

What business environment is known to go slower? Asia.

They say they are old.

They also say they are young?

Is it because central planning has caused so many deaths in the region?

Social Media Constructs

If you observe the collectivists on social media, you'll notice they mostly like or engage in their collectivist social media updates or with their liberal ‘counterparts'. They think this is free will, but the content fits the agendas of the state apparatus. This is similar to avid fan groups of our biggest pop stars to elevate the idol.

Most of the collectivist liberal counterparts are also attracted to environments that will provide them a ‘safe space’ to leave the West. They are better known on the internet as the 'Passport Bros'. Many of these ‘Passport Bros’ will be your Asian equity specialists and share the same ideology of the collectivist society they claim to have fallen in love with.

All you should see is the man’s conflict to provide objective analysis - liability.

Communists know that a man's hard assets and his family are his biggest liability, which is why Jack Ma must always return to China.

Only a Few Great Teams

Throughout history, very few nation-states deserve much vigor towards nationalism, which is ultimately just a basket of ideas.

Our biological state should not restrict us from objectively assessing opportunity costs and trying to identify the hierarchy of ideas.

Was a +90 year old Warren Buffett during the pandemic 'buying when others were fearful?'

Or was he just fearful?

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit inversioninvestor.substack.com

Peter Pham and Marc Chandler catch up to discuss currencies in 2024

Valuations, price directions, inflation, and rates for USD, EUR, JPY. All time highs in the S&P500 and NIKKEI.Relative value and purchasing power with oil, metals, big macs and energy.Deflationary pressures ofinterventionin Asia.Central banks and doomsday clocks.

Contact us to discuss research, advisory and asset management services.

Our free substack publication is for all those with ears to listen, please share!

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At 9pm EST,

I've just arrived at the trading desk after observing the Asian sessions for the past few nights.

The divergence is incredible!

Examine the divergence among the S&P, Taiex, Nikkei, and CSI (Chinese stocks).

Evaluate the relative strength in Crude Oil (Petrodollar) and the US Dollar.

Btw. you can preview watchlist starting from our Home page.

This got me thinking about how America, Taiwan, Japan have developed relative to China.

As they are still service sector economies relative to China’s manufacturing economy.

When one thinks of manufacturing, one needs to link that closer to the real economy, and it should be no surprise that in command economies, economic stabilization or lower volatility is often touted.

This real economy foundation, as a byproduct of the phase of economic development and the necessity to control the economy, does take a lot off the wings of Chinese stocks.

I share more on this in the audio note above.

This is why I’m not bullish on exclusively hard assets or exclusively financialized assets.

I appreciate the relative VIX comparison between the two though.

Speak soon!

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Another fluffy snowy day on Wall Street - nice.

Vastly superior to the energy suck that is looking at stealers.

The EV national car company that was an amazing short.

Selling basic bras and beds to their nationalistic demo.

When they tell you their business model - if you are interested in losing a few braincells indulge them… 🔫

Btw, take a look at the tape -Moonfall 3.0: Long Taiwan and Short China is my antidote to ‘One China’.

Where is the love? Or hate. I give a few public calls and the hit rate higher than most.

Soviet plagiarism and Chinese cyberespionage instigated the most sizable transfer of private property from “oppressors” to “oppressed” in the history of mankind. Without a doubt,left-wing societies are the domains of widespread, unpunished plagiarism. Cultivated by decades-long Soviet “active measures,” Western left-wingers have adopted Soviet slogans, ideological cliches, and various methods of redistributing the properties of the “oppressors” with impunity.

Gary Gindler

Podcast with Gary Gindler everyone!

Conclusion?

It’s so over - with the AI and copy cat Overton Window.

Solution?

Enjoy our new Playlist, Watchlist, Piclist after you're done listening to the Pocket of Lights Podcast.

You can’t copy me boy…LoL

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit inversioninvestor.substack.com

Peter Pham presents his ideas at the Mining Investment Conference September 2022. Breaking down the thought processes used to identify the differences between:CONTRARIANACTIVIST (passive)RELATIVE STRENGTHThe inversion investing thesis has been updated for Q4 to include analysis of USD and real estate through the lens of inversion investing.The video highlights the points discussed in the audio podcast.

Get in touch, we’d love to hear from you!

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The world’s most abundant resource is desperate men.

HERE ARE THE NUMBERS:

There are 1.7 Billion females ages 15-49 age
Today, this is equal to 1.7 billion egg cells
There are over 2 billion males ages 15-49
Today, this is equal to 228,323,808,953,000,000 (228 Quadrillion) sperm cells

With a ratio of approximately 1.17 men per woman, there are 131,857,808 (131M) sperm cell for each egg cell.

Interestingly, men’s testosterone levels and sperm cell are on the decline (for various reasons) at a greater propensity to declining female fertility rates. This is all thanks to the cult.
THE CULT OF PERSONALITY ? NOPE

Billions of people that joined the cult of their culture, were mislead to believe this will bring them love and companionship.

But the truth is this is not working for most men. This number is trending towards 90% of all men on earth.

In fact, modern DNA shows that after the advent of agriculture (cult) - only 40% of men were able to pass on their genes.
In the coming decades, the percentage of men unable to pass on their genes goes from 60% to 90% - as we transition to the service economy (cult).

We coin the term Valentine’s Decade Incel (Involuntary Celibate) Massacre for the upcoming fracture in society.
WHAT PRIVILEGE?

In 1859 Charles Darwin introduced the idea of Natural Selection with his best selling book; On the Origins of Species.

It was Francis Galton, Darwin’s cousin who developed these ideas and went on to invent eugenics through genetic determinism, as a means to supposedly improve the human race.

These core concepts were taken a step further:
Social Experiments Gone Wrong

The 1920-30s saw forced sterilization for criminals and the insane as a means to prevent unfit genes from reproducing.

From there, the ideas were taken a step further by places such as Lebensborn in Nazi Germany, where breeding was managed to produce pure Aryan Übermensch.

What these eugenicists couldn’t achieve is now happening naturally.
Natural Selection

Genetic determinism is clearly seen on days like Valetine’s day, but more importantly in the sexual market place with Intergenerational results.
Sex is Nature.

Women represent ‘Mother Nature’.

Mother Nature selects.
BEAUTY IS IN THE EYE OF THE BEHOLDER - NATURE

Beauty is made with mixed genes and ugliness is defined as an exaggeration of regional genetic features.

Overall, beauty is adored, not the individual, regardless of gender. This explains the generational evolution of the human species along with the development of the brain and tools.
SOCITEY ACTS LIKE A SEX CULT

When a nation, country, society or culture is first formed. It works to bring opportunities for mating to the men that join these organizations. Meaning, men had options, despite competition, most guys had a chance with SOMEONE. There were opportunities to meet the opposite sex through these social networks in the real world.

If a man had bad luck with his gene pool, he could at least compensate by getting (state approved) credentials and earning (state approved) fiat as proof of his status as a man.
THE FRACTURE

As the cult develops there are many social constructs that change these dynamics as demonstrated with the low percentage of men passing on their genes.

This can be brought about through fascism, corporate & state intervention. Compounded by feminism, accreditism and mass consumerism.
THE OLD AND NEW NORMAL:

As women’s financial independence has come about through gender equality, state subsidies and divorce laws, they have become less inclined to choose mates based on material support. The result is selection of males primarily by looks.

This has been convoluted by the immersion of society into a highly curated online world. Where beauty is accentuated, enhanced and disproportionately represented. Persuading women that they all deserve the highest status males and are above lower status men.
WHAT DOES THIS MEAN?

A generation of sexless men are frustrated. Millions and billions of men are living meaningless, futile lives without the prospect of having a family. There is a massive imbalance of men to women, causing the inflation of women.

They will be looking to relieve their tensions using whatever means possible. Continuing with dating apps in attempts to connect. Many will go virtual, avoiding the pain of rejection and the reality of their dejection.
MATERIALIST GIRL

Like women, the free market is the most natural form of trade, where the buyer acts as the selector, creating the demand.

As women decide which genes will continue to live on in society, markets determine which companies will stay in business.
PEACE AND LOVE - DO NOT COEXIST

In the times of war, women would be part perceived as one of the prizes of war. Unfortunately, It was in the interests of the women to acquiesce for survival.

They were predisposed to the victors who posses all the genes to guarantee success to their offspring.

But with relative peace in recent decades, where nation states experiences less Omega Points. The opportunity for nation building and defense plays less of a role.

DEVELOPMENTAL SHIFT

As women secure their income, they continue selecting.

A liberated young woman might not consider marriage until around 30. Staying single and older marriages are all part of keeping the options open during the selection phases.
As the hormonal shift happens with her eggs cells, women have the drive to make moves in the sexual market to match with the highest value genes she can find or simply to settle.
HOMOGENEOUS CULTS PROMOTE UGLINESS - INFLATING THE VALUE OF BEAUTY

The state led increase of cultural ugliness inflates the value of natural beauty higher, especially natural beauty that can not be controlled by the state. With a predominance of mongoloid features in Asia, mixed race children are perceived as much more beautiful in comparison to the pure bred mono society.

Homogeneous societies set the standard for everything through socialization. Standards are lowered to appease as many people as possible in exchange for power and control. Allowing the victors (those in power) to reap the benefits of society, resulting in the things that were once beautiful, becoming ugly.
The degradation of aesthetic taste can be seen in the modern and postmodern architecture of communist states.
Who were the victors of war many wars in places like Asia?
Short communists who were good in tunnels and fighting guerilla wars by stealth. Post war, the survival technique was to be weak and present no challenge in the dominance hierarchy.

The cult of socialism is supposed to secure sex for it’s males through a centrally controlled economy, by providing access to state approved qualifications, status and funds.

This in turn encourages beta male behavior, to fit in the social hierarchy with big gov acting as the alpha. Creating a vicious cycle with lower testosterone, risk averse men becoming even more dependent on the state to grant them recognized status.
We can look around the world and analyze each country based on the quality of the men, to see the trajectory of this trend. Which countries have:
Shorter men?
Obese men?
Aging men?
Whether we think of capitalist or socialist countries, we see the same signals of decline the closer we get to the Omega point. An increase in meta escapism is common around the world, whether opium dens, brothels or colosseums. Today, augmented and virtual reality is becoming much more satisfying to those without much to live for in the real world.
Many industries have gone remote and had to adapt online. We have seen a surge in women using sites like onlyfans for their ‘side hustle’. It is a relatively safe way to provide services to their incel audiences and beats a minimum wage job for income and conditions.
META V MESA

We are becoming increasingly meta, yet at the end of the day with women, we will always need to keep mesa (real world). This is because women are physical, their method of creation is material (giving birth).

Men create from meta (the mind) to alter the material world. Women are having false expectations, leaving them unfulfilled by their non-exclusive relationships with higher status men and underwhelmed by the prospect of settling with an average guy.
“Women select men. That makes them nature, because nature is what selects. And you can say "Well it's only symbolic that women are nature", it's like no, it's not just symbolic. The woman is the gatekeeper to reproductive success. And you can't get more like nature than that, in fact it's the very definition of nature.”

Jordan B. Peterson
BUY MTCH (Tinder)

STOP $67

SOFT TARGET $170

HOLD FOR THE NEXT DECADE

This stock will make all time highs, then continue to make higher highs, based on its position in the dating metaverse. This trend will continue until states are forced to reset through omega points of their nations / currencies / systems.
Tinder is used in over 190 countries, so will need multiple countries to have a domino impact. At which point, the victors who establish the structures of the new system will get access to the prizes of war and ensure mating rights for the populace in their cult.

Irrespective of what the mainstream narrative is, the data on companies like MTCH (Tinder) or BUMBLE irrefutably show this natural pre-selection of genetics to be the case with massive transactional and economic implications since women directly or indirectly navigate trillions of global GDP.
The stock market is based on prices and fundamentals, it’s easy to focus on effects to form understanding. Connecting the root causes of secular trends with history and culture gives perspective to the valuations and distortions in the market. It is through the approach of seeking truth that allows us to spot double inversions such as this.
Get in touch to discuss approaches to inversion investing.

PAYWALLISHERE

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit inversioninvestor.substack.com

Today’s podcast is an excerpt from a conference call, where Peter Pham talks about some approaches to inversion investing.

The Inception of the Invisible Economy

The king of slaves is a king of air, the air being invisible. The invisible is seen today with the invisible economy in which these false kings enslave the people. GDP, a weapon the king of slaves uses, is not about the empowerment of his slave army - GDP per capita is.

A good society should be based on the truth, but socially engineered systems don’t need the truth as a pillar of their foundation.

The truth is destined to lose with the push to into the omega point, as was the moral decline that lead to the fall of Rome. Previous great men who transcended generations are being canceled.

Now, the perceived greatest men of our generation are the masters of air - the invisible economy. A hijacking of the path to transcendence through the creation of greatness in the virtual and augmented realms.

The great devaluation of hard assets and hard men.

New curated realities are where the modern greats will transcend and be remembered by society. In a parallel universe, that requires a denial of the physical reality. The more invisible our society becomes through social constructs, social financial engineering, the more we defy the laws of nature.

Measurement Inversion

The most powerful tool of removing the truth from thin air in the invisible economy is measurement inversion. In which, value or weight is inversely proportional to the coverage and attention it gets.

The measurement inversions examples are countless:

$AMC +3000% YTD
The Definitive Guide to Investing in Cultural Assets
Double Inversion Investing Inside Out
The Inversion of Energy
This world is a comedy to those that think, a tragedy to those that feel

Horace Walpole

Today’s Pick: Pfizer (PFE)

The FDA approval of Pfizer will be a tipping point in the widespread adoption of this brand of vaccine. The vaccine’s inability to provide protection against new variants is the key to the growth we foresee. Which will come from the increased demand for booster shots to fight the virus and new variants as they emerge. If one believes the vaccine is a bioweapon to damage your DNA or merely ineffective and biologically altering, Pfizer can invert their provision to create a therapy to repair damaged immune systems and profit along the way.
• Base case for 3rd shot needed as a booster
• Need for booster shots will become endemic
• Profit sharing model that allows virtue signaling cost prices for low income countries, and healthy profits in high income countries.
• Gross profits possible even with high volume order pricing discounts
• Profits include spend on R&D, essential going forward
• Booster shots much easier to implement from a logistical perspective
• Pricing is not expected to be different for the booster shot.
• Expanded range for children’s shots
• Oral antiviral treatment Paxlovid pills
The key ideas are on the fringe, the inversions are in the center. The centrist of centrists is on the macro level, which is pushing everything to the fed, then singularity.

Just in case you are twisted. It should be pointed out that throughout all history:

1) States and Empires don’t last long

2) Centralization doesn’t last long

In the process, as the dominoes are falling, there are gains to be had - the double inversion. Micro pockets of strategies and pockets of light.

How can we help with inverting some of your losses into gains?
Hit reply, lets talk.

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Founder of Wired magazine and author Kevin Kelly joins the podcast to discuss some of the world’s pressing issues and the release of his new book: Vanishing Asia. We include edited highlights of a conversation with Peter Pham. Topics include:
Asset Holders vs Accessors
Price to weight model
Trust in tracking & big data
Omega Points and expansions
Exponential influence vs scales of population
Dying countries and living cities
Competition for inhabitants
Salvaging value from disappearing cultures
If you didn’t see our introduction to Inversion Investing, check out the trailer:

If you are interested in using Inversion Investing to redeploy some of your assets under management, please reply to get in touch.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit inversioninvestor.substack.com

Doug Casey joins Peter Pham in today’s podcast, where we discuss:

Dodging Bolsheviks
Pessimistic Prognosis
Mandatory Inversions
The Prisoner’s Dilemma
Omega Point End Game
Out of Control Controllers
Multinational Playbook
The Fables of Fiction
Hierarchy Hedonists
Dollar Dominance
Fearless Speech
Recent Pieces
Intel is Inside the Trade War
The Inversion of Energy
Get in touch to learn more about Inversion Investing

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit inversioninvestor.substack.com

Conversation highlights include: Interpreting the struggle between risk & safety across society and markets. The role of hard assets and anticipation of omega points. Being invisible and transcending the Class War. Investing into greatness with cultural assets.

The following will discuss how land has been used to enslave the people, destroy the environment and how false prophets that will usher in The Great Reset otherwise known as 'The Omega Point'.

Additionally, the podcast attached with Dr Patrick Micheals covers scientific measurements and climate change.

Amen!

Peter Pham of Phoenix Capital Group shares his views on opportunities looking forward during a panel discussion at the Mining Investment Asia on 3rd November 2020. In this podcast, we share edited highlights and hot takes of Peter’s contributions to the conversation moderated by Bloomberg.

Peter Pham presents Vision 20/20

A guide for investors to fully understand where we are, how we got here, and where we are heading. Using historical, cultural, financial, political, and pragmatic perspectives to offer a panoramic view of opportunities from November 2020 going forwards.

This is the end of the podcast trilogy.

I have been concurrently refining the precision of trades and developing major investment themes such as Omega Points.

You can see the development of this approach in the following sequence of articles:

The Last Stand

Class Warfare Exposed

Confessions 1

Confessions 2

Escape The Black Iron Prison Planet

The Death of Nations

This pursuit of Omega Points is not done! I have a few more things to say about it and that will be coming soon.

Additionally, there is a lot of things to share about commodities and credit cycles. I completed what Ray Dalio discusses but never fully put together.

Commodity Cycles

Credit Cycles

In this podcast, we discuss the wave.

What is the wave?

Zero is the Wave

Waves have properties like wavelength, frequency, and speed, and we can describe them really, really accurately with equations, even without knowing what kind of substance are waves in. So these waves take their life on their own above and beyond the material. A wave can cross an ocean even though the individual water molecules are just going around in tiny circles and appear to have a life of its own.

The examination of waves is no different from looking at the rise, fall, and rise of markets. Underpinning markets is supply and demand - bid and ask. The composition of sum bids and asks within the auction market in totality are the waves or cycles you're sensing - reading the tape.

Confessions of a Fund Manager.....

Zero is Nothing Zero is Everything Zero is Infinity Zero is Singularity Zero is the Omega Point Zero is the Beginning Zero is a Wave Ride the Wave

Here is how….

A powerful, profitable, and elegantly podcast for investors and traders This market is extraordinarily complex, and unfortunately, most trading systems are too. This podcast presents a system that helps filter out the noise. It leaves behind only meaningful signals you need to listen to in order to make profitable trades. Employing simple math and charts, it codifies the past behavior of traders in your favourite stock to assist you to recognize high probability trading patterns.

This podcast breaks with traditional analytical tools and rejects the theory of predictability. Instead, it lets traders understand both how markets are structured and how they behave. The result is a simple action plan that is as effective and applicable for day traders as it is for generational investors. Blending his personal story and analytical techniques, The Big Trade guides traders of all experience level to find the probability that a stock price will rise or fall.

https://freemarketmessiah.substack.com/

When the official narrative is so well orchestrated by the state, the populace is restricted to either becoming literalists or becoming bad interpreters of the tales fed to them. Limiting the populace to only these two options further reinforces and further entrenches the pre-planned narrative into the collective belief.

@ https://freemarketmessiah.substack.com/

Check out these snapshots of real live trading plays, which will outperform the market in the long term:

1.Foundational Support and Resistance of Oil (Follow to Win)

2.Running and Running

3.Greater Centralization

4.Inflation or Deception?

5.Gaming the System

6.Singularity and Convergence

7.The King of Kings

Recap:

-The entire global economy will have ups and downs re-opening. It will start from a province/state level followed by a country level.

-The market bottom or stop loss is in place.

-Up to the election markets will provide opportunities to long.

-Post election, lack share-buybacks and defaults will immerse intense pressure on markets.

Action:

-Investments and trades designed to grow in this new economy will be the key positions.

-Positions can and must be reduced by the election.

-In Nov and Dec, we will move to the lowest levels of the risk curve.

Right now, something incredible's happening in the oil market.

Price is moving at a velocity at the will of gravity.

Here, gravity is demand.

On March 26th, I wrote the following....

"This is what I’m gonna do. I’m going to speculate oil will go lower and higher all at the same time #oil $USO..."

This statement needs to be taken literally. i.e. the lack of demand would distort the present price of oil relative to the future.

What's even more interesting is when time elapses.

As May oil contracts transition to June, prices are also getting sucked into the vortex of gravitation pull.

Climate change specialist Roger A. Pielke Jr. joins the One Road Podcast joins us not to discuss money and markets, but about science—specifically scientific modeling, climate change, and the intricacies of correlation versus causation.

Roger is an American political scientist and professor at the University of Colorado. He has been incredibly active in commenting on the relationship between politics and science in modern society.

Some of his published works include The Honest Broker: Making Sense of Science in Policy and Politics, The Climate Fix: What Scientists and Politicians Won’t Tell You About Global Warming, and The Rightful Place of Science: Disasters and Climate Change.

Roger brings to the table some unique viewpoints and a fresh approach to economics, politics, and the sciences.

The Commodity Investment Cycle Index (CIC) is a powerful, one-of-a-kind investment indicator that forecasts the prices of commodities and their stocks. It does this by meticulously tracking the Commodity Cycle and how it affects commodity companies. And that’s a crucial tool if you’re a commodity producer, investor, speculator, or analyst. Narrated by Peter Pham at the World Mining Summit 2018 in Perth, Australia.

What does it mean to be a citizen of the world, undivided by political and national discourse? These are the questions tackled when David Gallup, President and General Counsel of the World Service Authority joins Peter on the One Road Podcast. The world citizen passport and I.D. card system is discussed as is the validity of both.

David quotes the originator of both systems, Gary Davis, often. Ideas are brought up, including whether you like it or not, whether you know it or not, you are already a world citizen and that every document issued by any government, is in sense, a joke.

Alisa Melekhina joins Peter for a truly different take on life. All things ‘chess’ are discussed, as well as how to use the lessons of chess in one’s life - from day to day to business and bartering.

The big concepts that are talked about are strategy, tactics and thinking ahead. Perhaps the most interesting takeaway point from the discussion is that no move, regardless of how small, should be made without purpose.

Peter is interviewed for a second time on the fantastic Korelin Economics Report. In this excerpt, Cory and Peter discuss the methodology behind One Road Research's upcoming Special Report on Asia.

To listen to the full interview, follow the link: http://www.kereport.com/2018/01/06/commodities-trend-economic-growth/

To check out the One Road Research site, click here: http://www.oneroadresearch.com

To visit and check out the excellent content on the Korelin Economics site, head over to:

http://www.kereport.com

He also speaks about the Khan Academy and how human’s response to fear is preyed upon by various organizations within our society.

The general ignorance of American’s to how their government functions is touched upon before ending on a lighter note regarding some of Porter’s top book picks.

Always enlightening with a penchant for the truth, Porter doesn’t hold back on his strong beliefs and ideas.

Porter Stansberry joins Peter for an intimate talk about family and the future. Porter opens about talking about his past as well as his family and how he approaches being a father. No one in the world owes you anything, which is a lesson he imparts to his sons. Anything that his kids will want they can have, but must go work for it.

One piece of advice he gives is to find a person who is as close to doing at what you want to achieve and do everything you can to work for them, even if its for free – but you need to bring something to the table for that person.

The conversation switches to the global economy and IP rights, as well as the morality behind a) stealing or b) borrowing/creating new from others. Porter has clear definitions of what is right from wrong. He goes on to discuss the impossibility of knowing how the massive amounts of money being created and credit will warp the world’s economy. The only thing that can be known is that the dislocations will be huge and they will fatal.

Alvin Roth joins Peter for a lively discussion on how to create a matchmaking-market while also touching upon commodities and shares. The ever-changing attitudes on various subjects is also debated – mostly on how the things that are considered repugnant evolve and deviate over time in every society.

Alvin ends by speaking to the need for trade agreements to always try to look after the the so-called “losers.” That leaving certain countries high and dry is, in fact, not in the best interests of anybody.

The One Road Podcast, broadcasting financial streams of consciousness

One Road Podcast uses relevant excerpts from Peter Pham’s excellent Big Trade podcast series and combines the excerpts into a nuanced take on our investment newsletter content.

The dynamic and wildly entertaining James Altucher joins Peter to discuss the road to success, how to be diverse in today’s world and speaks to the myth of specialization.

The One Road Podcast, broadcasting financial streams of consciousness

One Road Podcast uses relevant excerpts from Peter Pham’s excellent Big Trade podcast series and combines the excerpts into a nuanced take on our investment newsletter content.

In this short excerpt from David Morgan’s talk with Peter, some questions revolving around platinum and palladium are brought up.

What we found most compelling in this interview was how David ended it, with a philosophical talk on how to prepare for the future and the inevitable collapse that will occur. No one is protected from financial markets, so learning what to invest in (silver and gold) is paramount to you and your family’s survival. Determining what financial freedom is for you is the question that hangs over all of our heads.

John Perkins joined Peter Pham’s excellent Big Trade series for a frank discussion on just how messed up today’s economy is.

The then recent reveal of the Panama Papers acts as fuel for Peter and John to volley back-and-forth between the different viewpoints surrounding the current economic systems in place.

John speaks about his book, Confessions of an Economic Hit Man, and about some of his alleged first hand knowledge about working for a cabal of special interest groups, including the US Government.

The One Road Podcast, broadcasting financial streams of consciousness

Marc gets right down to brass tax and addresses the controversy surrounding his recent comments in the media. A tremendous amount of time is spent tracing the rise and fall of empires and what those great societies added to our modern day world.

A cordial conversation continues with Marc delving into sound investment advice and speaks to the hypocrisy of (mostly) American pandering. In Marc’s view every government, the world over, is equally corrupt.

Marc ends with the thought that once you are a prisoner of the system it is very difficult to get out. Prisoners are good for governments as they help boost GDP. GDP, therefore, is not what one should use to measure how well a society is doing. A better indicator is the quality of living amongst the population.

Robert Kiyosaki joins the One Road Podcast for a frank discussion about real estate and how duped most of the general populace is when it comes to education and economics.

What constitutes as a real teacher is heavily discussed, as is Robert’s time and lessons learned from serving in the Vietnam War.

The irascible Doug Casey Joins Peter for a romp through an Anti-Establishment quagmire.

Peter and Doug talk about how to be a modern day renaissance man, and how in doing so, helps your odds at speculating. Being an anarchist since 1971, it's not long before the subject switches to how awful all governments are as well as how institutional education will literally waste 4 years of your life.

Simon Black joins Peter Pham to discuss a wide range of topics, including how the world is moving away from the USD, how to deal with China's rising power, how to invest off the mainstream grid and just how much our current financial system is broken (answer: very)

Simon is the founder of Sovereign Man, an intrepid traveler, investor and entrepreneur.

Rick Rule joins Peter Pham on his renowned Big Trade series. This excerpt made exclusively for One Road Publishing has Rick discussing Gold vs the USD and how all fiat currencies are in a race to the bottom.

He then goes into all things China, both in a historical sense and what the future outlook is for the country, especially in financial markets.

Commodity trading, in the context of Japan is touched upon before finishing on how everyone needs to pay attention to big governments, oligarchs and the elite.

There is a glimmer of hope, as Rick points out there are always opportunities for smaller guys to compete and do well, whether it is a fund like Sprott or an individual trader.

This production is an excerpt from The Big Trade’s The Republic with Ron Paul. Ron shares his long experience in dealing with central bankers alongside some insightful tidbits of past discussions with Ben Bernanke, former Chairman of the Federal Reserve.

Discussing some of the issues involved with the modern banking system and factors relating to policy makers in relation to the moral hazard of the Asian Capital Development model.

A concerned discussion occurs with thoughts on Empire as well as on how financial markets will fare in the years to come.

In Asia, central banks tend to be little more than a branch of the government, adhering to the party line and enforcing technocrat edicts from up on high.

Jim Rogers is an author, financial mainstay and legendary investor.

Peter Pham has an enlightening conversation about happiness, finding and following your path and farming. Roger gets animated about how little we matter and why all things get lost to history.

Po Shen Loh, mathematics professor at Carnegie Mellon University and founder of expii.com joins The Big Trade series. Peter and Po start the conversation by talking about the concept of inquiry based learning. The pair then delves into the current state of the education system… touching on inequality in the system, testing and cognitive approaches toward learning. Next, Po introduces Expii – an app that encourages inquiry based learning. He explains how he designed the user interface, sequence of questions and the app’s navigation structure. Po concludes the conversation by giving advice on how math and rational thought concepts can be applied to business and finance.

David Gallup joins The Big Trade Series for the second installment of a two-part series on global citizenship. Peter and David begin by talking about obtaining citizenship through investment, particularly the EB5 program in the U.S, and other ways that people can become citizens of developed countries. Peter goes on to share his thoughts on Jewish refugees during World War II. Then they proceed to discuss immigration in times of war and the role immigrants play in the economic development of receiving countries. Next, the two exchange views on Donald Trump’s job retention policy. David concludes the episode by talking about how to obtain the World Passport.

Porter Stansberry, founder of Stansberry research, joins The Big Trade series. Porter starts off by talking about his new product, which focuses on analyzing the credit quality of companies in the United States to find “The Big Trade” opportunity. The conversation shifts to the U.S. presidential election; the two delve into which industries/sectors will be impacted under Trump’s presidency and the dynamics of the electoral process. Porter then shares his thoughts on primary education and parenting. This episode wraps up with Porter’ s top five book recommendations.

Alisa Melekhina, one of the top female chess players in the United States and a professional litigator, joins The Big Trade Series to bring us business insight from a chess master’s point of view. Alisa starts the conversation by distinguishing strategy vs tactic and how chess can help develop these skills. She then talks about how the mindset of thinking ahead in a game of chess is also applicable in business. Peter then shifts the conversation to the rise of artificial intelligence and how computers have changed the chess world. Next, Alisa shares her experience as a litigator. Then, she delves into her chess tactics, including the first move advantage, the gambit move, and the castling move as Peter links these tactics to business practices. Alisa concludes the episode by naming a few influential chess players and sharing her thoughts on the financial reward of playing professional chess.

David Gallup, head of World Service Authority (WSA) joins The Big Trade Series. David starts the conversation by introducing his organization and describing how they help the United Nations spread its universal values and educate citizens in a globalised world. Peter and David then talk about the “World Passport,” which is the WSA’s best-known product. David explains how the “World Passport” facilitates international free travel and immigration. Their exchange on the “World Passport” is followed by discussions on various topics including the potential of a “global currency” that supports the idea of “world citizenship,” deglobalization trends around the world and the WSA’s funding status. David wraps up the episode by sharing his thoughts on refugees and what his organization does to alleviate their suffering.

This week, Peter is joined by Brian Cotter, host of "Growth Tigers” podcast, for a thrilling journey into Vietnam’s entrepreneurial ecosystem. In this special episode, Peter walks us through his adventures at both the individual and corporate level. Peter starts off by talking about how he founded Phoenix Capital Group, the company’s core values and its unique approach to “ordering chaos”. He also introduces Phoenix’s key services – financial advisory and digital marketing – and how their synergy creates unparalleled value for clients. He also goes into detail about his quantitative approach and explains how Vietnamese companies haven’t utilized the power of big data in their business models, particularly in E-Commerce and consumer finance. At an individual level, Peter tells his journey from the beginning. He shares why he set foot in Vietnam, how he captured emerging market trends, and some of his biggest mistakes along the way. Lastly, Peter talks about the origin of The Big Trade Series podcast and his book “The Big Trade Series: Simple Strategies for Maximum Markets Return”. The episode concludes with some advice to the audience in the year 2017.

Patrick Wyman, host of “Fall of Rome” podcast, joins us on The Big Trade series for a fascinating conversation on the Roman Empire. Patrick opens the episode with a discussion about how the Roman Empire related to the modern democracy and republic. The conversation shifts to how the country established its borders and global trade evolved. Peter and Patrick then delve into the origin of Natural Laws and Common Law as Rome transitioned from republic to empire. He also describes the collapse of Roman Empire and details what America can learn from it. Throughout the podcast, they discuss different economic schools of thoughts. Patrick concludes the episode by highlighting the importance of history and parallels between the past and the future.

Chris White, founder of ViableMkts, joins The Big Trade Series for another insightful conversation about capital markets. Peter and Chris start off by discussing the evolution of equity markets, Chris tells the story of the formation of the NASDAQ and the first flash crash. The conversation shifts to the fixed income markets as the two discuss about: a potential peak in the market, junk bonds and the Fed. Chris concludes the conversation by explaining why the bond market is at an inflection point.

Jeremy Miller, a research analyst of JP Morgan, joins us on The Big Trade Series for an insightful conversation on value investing. Jeremy begins the conversation by introducing his prominent book: Warren Buffett’s Ground Rules. Covering the partnerships letters in the 1950’s. The two then talk about the principles to identify fair value of company. The dialouge moves to Buffett’s mistakes, particularly on ConocoPhillips and PetroChina as they delve into the key takeaways. This episode wraps up with a discussion on technical innovation and it’s risk.

Ron Paul, a former member of the U.S. House of Representatives and three-time presidential candidate, joins The Big Trade series for an interesting conversation on US politics. Ron started this episode by talking about his profound history and experience in dealing with central bankers throughout his career. He then shares his insightful discussions he had with former Chairman of the Federal Reserve – Ben Bernanke. At that point, the two delve into the impact of bureaucrats on central banks and the role of central banks in free markets. On that occasion, Peter shares his conversation with Doug Casey about Natural Law. The conversation progresses to the discussion difference between “Democrat” and “Republican” throughout history, from Roman Empire to “modern Empire”. Ron finishes this episode by talking about his concern for financial markets in the years to come.

Ole Bjerg joins The Big Trade for a fascinating conversation on the beauty of poker and its linkage to capitalism. Ole starts off by introducing his book “Poker: The Parody of Capitalism”, and his exploration of the philosophical and psychological component of poker; and Peter adds his thoughts on the origins of Monopoly to enhance the subject. The two then dive into strategies applied to this game as they both agree that particular hand of poker is perceived to have different gaming value. Following is a discussion on the parallel between the Casino and capitalism, Peter and Ole discuss on various topics including assets allocation, politics point of view, economic school of thoughts and global debt bomb.

This week, Doug Casey, best-selling author, world-renowned speculator, and libertarian philosopher, joins us for the second time. Doug starts off by talking his recent adventure to Zimbabwe, then shares his perspective and blueprint for developing countries. The two then delve into the Natural Law topic, Peter brings the story of European colonization of North America as a case study of this law. The conversation shifts to Doug’s newest book – “Speculator” as Doug teases a few interesting bits and philosophical thoughts of his novel. Peter and Doug then argue whether technological innovation and globalization is a threat to society. This episode concludes with a session on U.S. politics as they share their speculation on the upcoming presidential election and American deep state.

Peter recently spoke with Jack Schwager, a futures and hedge fund industry expert as well as author of the book “ Market Wizards.” Jack starts off by discussing some of the competitive advantage studies that resonate with him. Then Peter and Jack turn their attention to the easing policies being implemented in the global monetary system, particularly negative interest rates in Japan and the EU. Jack also illustrates the value of “doing nothing” which is one of his theories. Next, Peter shares his one of his own trading strategies on using human psychology as a tool. To conclude, Peter and Jack share ideas on the need for traders to be adaptable, consistent and disciplined in their strategies.

David Morgan, a silver market analyst , joins “The Big Trade” series. Peter shares the origin of how he got to know David in the early 2000’s and how it influence his large position in silver. Next, they discuss the global currency system and silver price projections. They delve into the global debt and economic philosophy. David concludes with a warning to investors about the upcoming financial crisis.

John Perkins, author of the book "Confessions of an Economic Hitman" was recently on The Big Trade Series. John first discusses some inside information related to the Panama Papers leak. Peter and John then delve into why and how some companies and people chose Panama as a tax heaven. The conversation then moves onto frontier and emerging markets and how some, especially China, mostly invest in infrastructure to grow the economy by using debt. They then turn their attention to Vietnam, and how it will become more a part of the global economic community through trade agreements like the Trans-Pacific Partnership. They also discuss Bolivia, a country with an uncertain economic and political situation.

Jim Rickards, author of the well-known book “Currency Wars,” joins The Big Trade series for an enlightening conversation on the world’s foreign exchange markets. Peter starts the conversation by mentioning the chronological logic of Jim’s published books, from “Currency Wars” to “The Death of Money” and “The New Case for Gold.” Jim also shares with Peter the evolution of his ideas. The discussion quickly shifts to the role of gold as a reserve currency in the modern economy and Jim gives his predictions about global currency markets. The two then delve into the Fed’s solvency, Jim explains why the U.S. Treasury is holding a lot of gold and its potential impact on China. A discussion on the gold war between China and U.S. concludes the episode.

Legendary investor, Jim Rogers, comes back to The Big Trade Series for an insightful conversation on capital markets. Peter and Jim start with an update on their US dollar positions, which they discussed last year. The discussion moves on to global currencies, they talk about the possible relationship between the US dollar and Chinese renminbi, the growth of the renminbi, and how some currencies would benefit from a rate hike. The conversation shifts to the agricultural industry and Peter talks about the attractiveness of this space in Vietnam. Jim then shares his thoughts on government incentives.

The two next delve into stock index construction for emerging countries. Peter discusses the challenges, including low liquidity, foreign ownership restrictions and the dominance of state-owned enterprises. He then mentions how an equal weight index – which he will launch very soon - will be able to handle these problems. This is followed by a discussion on various subjects, including the potential of the organic food sector, the synergy between China and Russia, the TPP and free trade agreements and the knowledge-based economy. Jim concludes the conversation by sharing his daily routine.

This week, Howard L. Simons, a prominent investor and president of Rosewood Trading - Simons Research, joins The Big Trade Series. Peter begins the conversation by announcing the official release of the Vietnamese edition of his book - The Big Trade. The two then delve into index construction and stock market components. Peter shares the exceptional features of VN30 equal weighted index, which will be launched next month by Peter's Phoenix Global Wealth Management. The dialogue then shifts to how negative rates in Europe impact the US economy and their potential influence in the future, Simon shares concerns about financial assets, commodities and global consumption. The episode wraps up with a conversation on the growth of global debt.

Norm Kelly, a city councilor for Toronto, Canada, joins us on The Big Trade series. Norm starts the conversation by providing context for the growth in the Greater Toronto Area (GTA) in the last century and how Toronto became one of the biggest city in North America. The two then delve into Toronto’s growth, including how Toronto can sustain their top position, their potential to beat bigger cities in the United States, what they can do to continue their momentum, and their facilities for international expansion. The discussion then shifts to social media as Norm shares his experience on producing content and attracting massive amounts of Twitter followers. The conversation progresses to culture, they discuss the similarities between the US and Canada, the success of Canadian pop culture in particular, and Toronto's entrepreneurial environment. Norm wraps up the episode by talking about the economic impact of Toronto hosting 2015's NBA All-Star Game and shares some local tourist destinations.

Dan Koeppel, a banana connoisseur, joins The Big Trade Series for an interesting conversation on the most consumed fruit in the world. Peter and Dan start at the beginning with Adam and Eve and then bananas throughout history. Peter talks about the importance of bananas worldwide, and Dan shares his concerns about the Panama disease and its effects on the Cavendish banana – the world's most important commercial banana. The two then delve into the banana business model and the risk involved in mono-culture cultivation. This is followed by the interesting story of bananas in America and how it evolved from initially being avoided due to its shape, to becoming the most eaten fruit in this country. Dan then sheds light on investment opportunities involving bananas and shares some innovative industry growth ideas. This episode concludes by a discussion on ways to best enjoy bananas.

This week, Frank Curzio, a prominent voice in the markets, host of the Wall Street Unplugged podcast and the first ever guest of The Big Trade Series will join us for a second time. Frank begins by sharing anecdotes on his 10 years of experience with Wall Street Unplugged. They discuss featured guests including David Jacobson, the U.S. Ambassador to Canada, Alvin Roth, a winner of the Nobel Prize for economics, and the legendary investor Jim Rogers. The dialogue shifts to insights on the market. Frank mentions opportunities in General Electric (GE) stock as Peter raises concerns regarding their share buyback program. The two then delve into the technology industry, the potential of augmented reality and the dynamic growth of big players including Facebook, Netflix and Apple. Frank wraps up the conversation by describing the tools and resources he uses to discover investment opportunities.

David Jacobson, Vice Chairman of the Bank of Montreal's Financial Group and former U.S. Ambassador to Canada joins us on The Big Trade series for an insightful conversation on the Trans Pacific Partnership (TPP). David begins the conversation with his experience in working with Barack Obama in the 2008 presidential campaign. He gives a brief review on the North American Free Agreement (NAFTA) and its impact on its constituents. Followed by an in-depth discussion about aspects related to the TPP such as: 1) the negotiations 2) China 3) currency manipulation restrictions 4) the global labor market 5) global capital 6) benefits to Vietnam and 6) opportunities for foreign investors in emerging markets. David shares his experience as the Vice Chairman for one of North America's largest banks and concludes the conversation with an interesting story on Barack Obama.

Jeff Berwick, an entrepreneur, libertarian and author of The Dollar Vigilante joins us for a thought-provoking conversation on Shemitah year. Jeff begins by giving a synopsis of his crisis forecast. The conversation quickly shifts to the subject of the Shemitah year. Peter shares thoughts on the conflict between the Shemitah and election year. Jeff explains the myth behind the Jewish tradition and discusses the volatility of the worldwide financial market. After, the two delve into the Fed’s decision on the possibility of an interest rate hike while the US government is heavily indebted. They consider the Fed’s effort to counterbalance debt among other foreign debt owners to keep the reserve currency status of the US dollar. The conversation progresses to global currency performance. Peter shares his views on capital control around the world from a fund management perspective. Jeff concludes the episode while expressing his investment ideas for 2015 as a Jubilee year.

Becky Sheetz-Runkle and Mark McNeilly of Sun Tzu Strategies and the authors of several books, join us on The Big Trade series for a discussion on the basis of their views, Sun Tzu's Art of War. The conversation begins on the existence of Sun Tzu as Mark provides facts and Becky shares a bit on the mysterious story surrounding him. A wide interpretation on the prolific book follows as Becky discusses key strategies and tactics that may be applied to business and modern life, shedding light on which key strengths are needed for small businesses to beat the big players in a competitive environment. The dialogue shifts to Warren Buffett’s economic moat strategy. Peter then draws a parallel between sport strategies and business problems and provides a synopsis of Vietnam’s thousand-year war and his business strategies. The conversation ends with a discussion on Sun Tzu’s moral law in business and significant books on strategy shared by Mark and Becky.

Alvin Roth, winner of the Nobel Prize in Economic Sciences and Professor of Economics at Stanford University joins us on The Big Trade Series for an insightful conversation on market design. Alvin introduces his concepts on the commodity and matching markets. A discussion follows on which category the stock market falls into and its implications, as well as the impact of capital control and the role of high frequency trading. Peter shares his concerns regarding the TPP, particularly on protectionism and its impacts on multinational companies. The conversation then shifts to repugnant transactions as Alvin provides examples including Uber, same sex marriage, kidney transplants and more. The dialogue quickly progresses into the role of government intervention in the free market. The episode wraps up as Alvin shares some useful takeaways from his new book Who Gets What — and Why: The New Economics of Matchmaking and Market Design.

Diego Parrilla, Fund Manager and Head of Business Development at Dymon Asia Capital and the co-author of "The Energy World is Flat", joins us on The Big Trade Series. Diego begins by speaking about his fund management experience in Singapore. Next, Peter and Diego discuss the flattening energy world and address the implications of rapid transformation and technological development in the oil and gas industry. Diego shares opportunities in the industry that concern investors. The discussion then progresses into geopolitical impacts on the overall energy complex, focusing on a case study on Gazprom’s growing presence in Asia. The conversation concludes with a discussion on the feasibility of Canadian oil sands production.

George Ure, founder of urbansurvival.com and peoplenomics.com and co-founder of Web Bot joins The Big Trade Series. George starts the conversation by talking about the story of his Web Bot project, his insights into forecasting and predicting the market and the evolution of aggregate indices in regards to both the global and the U.S. market. The two then delve into the parameters and merits of index construction. George quickly provides his thoughts on on-balance volume indicator by Joe Granville and Peter shares his approach to price and volume in trading and gives some examples of his work. The discussion progresses to psychology and linguistics analysis applied to financial markets. George concludes the conversation by sharing his ideas on the Shemitah as a human perception problem.

Tom Ruby sits down with Peter for another tactful conversation on strategic planning. To begin part two, Peter talks about how to cut out of the noise of bad information in decision-making. Tom then shares his experience with his consultant business. This is followed by a discussion on their mutual interest in the military science fiction novel, Ender’s Game, which was transformed into a movie in 2013. The discussion then progresses to cover social trends in regards to personal expertise. After that, Tom talks about his greatest strategists and their tactics used in warfare. The conversation concludes with few helpful strategy tidbits shared by Tom.

Tom Ruby, strategist and CEO of Bluegrass Critical Thinking Solutions joins The Big Trade Series for a two-part conversation. Peter and Tom start off by talking about strategies based on limited resources. The two then delve to various topics including strategies for startups, the difference in mind set between the East and the West, and various determinants of individual and business success. After that, Peter shares some tactics that he uses to do business in Vietnam, particularly relating to taking advantage of digital marketing. They then discuss how to use quantitative analysis in trading and how this method works in predicting market crises. Part one of the conversation concludes with a discussion on the OODA Loop and Sun Tzu strategy applied to business.

Rob Koepp, a writer and director of The Economist Corporate Network joins The Big Trade Series for a wonderful conversation on China economy. Rob starts off by explaining the Chinese stock market situation. The two then share their thoughts on the boom in China equities in the recent years, Peter quickly provides his views onthe sustainability of the growth of the economy, Rob talks about the opportunities in this market turmoil by bringing his bottom-up analysis approach. After that, they delve into various topics including market liberalization in the central planned economy, the surge of Chinese IPOs on US stocks market in 2009, reverse merger mechanics. They conclude the conversation by a discussion on asymmetric information in financial market.

Dan Ferris joins The Big Trade Series for the second installment of a two-part discussion on valuation metrics. To begin, Dan talks about how he made his controversial call to sell Berkshire Hathaway last year. This is followed by a discussion on MFC Industrial’s business as a global supply chain company. The two then share their thoughts on the vertical integration of certain companies and the way to evaluate them. Dan mentions some aspects that a company needs to cover to be attractive to investors, and they wrap up the conversation with a discussion on politics and economics.

Dan Ferris, editor of Stansberry Research’s monthly “Extreme Value” newsletter joins “The Big Trade Series” for part one of a two-part discussion. Dan starts off by introducing his “World Dominator” stocks that have income streams that never decline. After that, the two discuss Dan’s stock picking criteria and how it can be applied to the technology industry and specific stocks including Apple, IBM, Microsoft, and Intel. They mention interest rate hikes and how such a hike might affect IBM’s income and Microsoft’s capital allocation strategy. The conversation shifts into many aspects on free cash flow analysis, and a discussion on M&A strategies of the big players in the technology industry wraps up part one of the episode.

In a very special episode of The Big Trade Series, Phoenix Capital’s very own Jeremy Greenberg stands in for Peter as host of the show. Jeremy and Peter start off by sharing their thoughts on life in Asia and their mutual love of HBO’s “Game of Thrones”. Jeremy is then joined by Ashok Som, professor at the ESSEC Business School, and author of “The Road to Luxury: The Evolution, Markets and Strategies of Luxury Brand Management”. Jeremy and Ashok first discuss the importance of business school for young professionals, followed by an in-depth discussion on the evolution of luxury products, as discussed in Ashok’s newest book. Stick around to the end of the episode for a bonus discussion on social media with Peter Shankman!

Geoff Hiscock, a business journalist and author on Asian business joins The Big Trade Series. Geoff starts off by sharing the concepts from his books “Asia’s Wealth Club” and “Asia’s New Wealth Club”. Specifically, he covers the rising number of wealthy people in China, the perspectives on South East Asia and explains why Shanghai is a financial hub in Asia. Peter continues by covering his ideas on the correlation between market liberalization and the wealth of high net worth individuals in each country. The two then discuss India and the problems occurring there as well as the growth of the “wealth club”. The conversation wraps up with a review on the battle for global resources outlined on Geoff’s book, “Earth Wars”.

Marin Katusa joins The Big Trade Series for a Game of Thrones-esque discussion on geopolitics. Marin begins the conversation by recounting the stories he covered in his book “The Colder War” and providing updates to those stories. The discussion progresses into geopolitics, covering the dispute in South China Sea, oil and gas, and military contracts. Marin explains why Putin has such a strong hold on Russia and Putin’s long term strategy to make Russia a global superpower. The two shift to discuss the influence of the BRICS Bank and their reserve currency. Peter then shares his thoughts on ISIS’ revenue generating system as a black swan. Marin concludes the conversation by discussing his approach to investing.

It’s the fight of the century as Peter squares off with Marc Lichtenfeld of The Oxford Club in an attempt to settle the debate of the merits of technical analysis versus Peter’s own methodology laid out in “The Big Trade”. Peter gets the action underway by giving an overview of the topic of his book and the strategy outlined within the book. Marc puts Peter on the ropes with a flurry of questions relating to the underlying data in Peter’s methodology. Peter responds with a devastating combination of reification and multistability leaving the fight very much in the balance with just a few rounds remaining. Was this a TKO or is it a judges decision? Tune in to find out and email us info@phx-cap.com or #bigtrade to weight in your thoughts.

Chris Martenson, an economic researcher, futurist and co-founder of peakprosperity.com joins The Big Trade Series. Peter and Chris start out talking about resource depletion, Chris shares his thought about whether the technological innovations can beat the resource depletion on various case studies. They then shifts to Chris’s Crash Course video series, the two delve into the synopsis of economic paradigm in this series and discuss some the big trends that happened recently. Chris continues by sharing his perspective on geopolitics. The conversation concludes with a discussion on oil industry and shale revolution.

Michael Oliver, sole proprietor of Momentum Structural Analysis, joins the conversation. Michael begins by sharing his trading methodology and shows how he observes changing trends. The discussion delves into technical analysis, with a particular focus on time periods. Peter then discusses his trading strategy as laid out in “The Big Trade”. Michael quickly gives his opinion on trends in the Shanghai market, currency markets including the Euro, and Yen and discusses commodity markets like gold and silver. The conversation concludes with a synopsis on Michael's book “The New Libertarianism: Anarcho - Capitalism”.

This week Peter speaks with Turney Duff, author of “The Buy Side”. Turney begins by sharing his own experience with working on Wall Street and talks about his current Showtime project, "Billionaires". They then delve into topics including politics in the office and how Turney shifted from private wealth into trading. The discussion shifts into trading methodology, Peter shares his approach in “The Big Trade”.The conversation concludes with some advice to young people on working on Wall Street.

Marc Lichtenfeld of The Oxford Club and Investment U joins the conversation. The discussion begins with a topic Marc is quite well versed in, boxing. They quickly shift to another hot topic, cybersecurity and the outlook for that industry. Marc shares his thoughts on a timeline for the potential recovery of crude oil prices. Peter and Marc discuss ways for investors to get in on the oil industry now. Marc subsequently shares his 10-11-12 System, as outlined in his book, “Get Rich with Dividends”. Peter shares a bit of his own trading strategy, and the two discuss the merits of various approaches. The conversation concludes with an overview of the biotech sector.

Marc Chandler, a well-known foreign exchange market expert, joins the conversation. Peter and Marc begin by discussing the outlook for the strength of the US dollar, and the US economy as a whole. The discussion shifts to China and the trending idea that it will be the world’s next economic powerhouse. They talk about the Federal Reserve and impending interest rate hikes, concluding with a discussion of foreign currencies and global quantitative easing.

Simon Black, “The Sovereign Man”, joins the conversation. Simon begins by sharing his thoughts on the current state of governments and central banks. The discussion progresses to cover the US dollar’s status as the world’s reserve currency and whether or not it will continue to maintain this status. Peter and Simon delve into a number of different scenarios that could occur related to the US dollar. They talk about the impact of the IMF as well as other institutions on the changing global currency environment. Simon talks about current perceptions of risk, and the two have a debate about risks associated with current equities markets. Simon mentions Ben Graham’s concept of “margin of safety” as it applies to various investing activities. They further discuss risk and currencies, and the conversation concludes with a word association game.

Doug Casey of Casey Research joins the conversation. Peter and Doug begin with a talk on certain graphic novels, and their relevance to some current events, as well as some other novels that have provided inspiration to them in the past. They delve into topics including philosophy, science, and ethics, which then leads to a discussion on economic schools of thought. They talk about what makes a good market speculator. Doug shares some insight on the current state of capital markets and global governments. He then shares his belief that a new crisis is impending, and how he is preparing himself for it. He specifically covers gold and precious metals, and how that can protect an investor. He then talks about the over valuation of housing and real estate. They talk about the perceived value of education, and Doug gives a bold outlook for the future. The show concludes with a word association game.

Andrew Zatlin, “The Moneyball Economist” joins the conversation. Peter and Andrew start off by talking about data and various models within finance. Andrew gives an overview on his ideas on the application of data metrics to financial markets. Andrew discusses how he assesses companies for potential investment. They discuss Germany’s economy and the apparent strength, or lack thereof. This leads to a discussion on Japan’s economy. Andrew then gives an overview of his “Vice Index”, and the conversation concludes with a word association game.

Professor Vlatko Vedral joins the conversation for a fascinating discussion on the integration of quantum physics with finance. Professor Vedral begins with an overview on the concept of information and information theory. They quickly progress into a discussion on the application of information theory to the world of financial markets. Peter and Professor Vedral mention several prominent models used within finance and relate them to problems often associated with models in science. They discuss the quantification of information and its potential use in finance. Next, they relate the example of players strategically beating casinos in blackjack to approaches to finance. The conversation moves to the element of time, and the understanding of time within quantum physics. They discuss whether or not markets are efficient and the relevance of free will. A theological discussion ensues as they both theorize about the nature of the universe. They discuss quantum game theory and wrap up the discussion with a word association game.

Dr. Louise Shelley of The Terrorism, Transnational Crime and Corruption Center (TraCCC) joins the conversation. They begin with a brief discussion on cyber crime and its presence today. This is followed by a discussion on money laundering. Dr. Shelley then talks about some capital controls and the role of the United Nations. Peter brings up the topic of wealth inequality and Dr. Shelley shares the impact this has on the emergence of certain international terrorist organizations. They then discuss how terrorist organizations operate as a business and generate revenue, and how they move their money and commodities internationally. They talk about the rise of ISIS in Iraq and how it has come to power and continues to maintain power. They conclude with some thoughts on how to combat these kinds of organizations in the future.

Peter Brandt joins the podcast to talk trading. He starts out talking about his history as a trader and what got him into trading. They jump into a discussion about the Sharpe ratio and whether or not it is overrated. Peter B. goes on to share his trading methodology and his inspiration in the industry. He then shares whether or not his strategy is grounded in probabilities and whether or not his strategy can be replicated by other traders. This progresses into a discussion on the reliability of charts. Peter B. shares his preference in charts, followed by a discussion on algorithmic trading. He then shares some of the biggest anomalies and inefficiencies in analyzing markets to conclude the conversation.

To begin part two, Porter shares an example of the destruction of capital related to American football. Porter discusses some new ways to value companies. They shift to discuss Porter’s “End of America” scenario and his thoughts on the future of the United States. Peter and Porter discuss what books they have been reading recently. They talk about the success of Porter’s newsletter service and the importance of copywriting. The episode concludes with a word association game.

Patrick O’Shaughnessy joins The Big Trade Series. They start out talking about valuing companies and the concept of shareholder yield and the impact of interest rates. They move on to discuss the “millennial” generation and Patrick’s book intended for that audience. Patrick and Peter talk about investment trends among millennials. Patrick shares the value and importance of starting to invest at a young age. Peter and Patrick talk about some interesting books that they have been reading. Peter talks about what he’s been up to and shares some insight on some important market trends.

Meb and Peter pick up where they left off in part one with a discussion on shareholder yield. They talk about the importance of capital allocation and how it applies to shareholder yield. Meb shares his thoughts on some of the positives and negatives of various investment approaches. Peter shares his thoughts on different restrictions on diversification and foreign investment, and the two discuss possibilities for global diversification. They conclude the show with a word association game pertaining to capital markets.

Porter Stansberry sits down for another insightful conversation on The Big Trade Series. The conversation begins with a discussion on parenting and family dynamics, and Porter shares some information on his own personal history. They discuss the importance of natural law and attempt to define the concept of property. The conversation shifts to global currencies and trends related to debt and credit. They discuss the cost of capital and it’s effect on wealth disparity. Part one finishes with a discussion on certain oligarchs and their economic clout.

Meb Faber of Cambria Investment Management joins the Big Trade Series for part one of a two-part discussion. Meb sheds light on how he got started in the industry, and Peter compares it to his own experience. Meb talks about some of his past writings on trend following and his opinions on technical analysis. They shift the conversation towards central bank intervention and their effect on markets. They end the episode with a brief discussion on shareholder yield.

Jack Schwager joins Peter in this week’s episode. The episode begins with an introduction on Jack’s new company, Fundseeder.com. Jack then shares his thoughts on why markets are inefficient. Peter and Jack discuss Jack’s “Market Wizards” series, and Jack shares some of his most memorable interviews over the course of his writings. They discuss various trading techniques and how they can be best utilized, and Jack gives his opinion on the best market wizard of all time. Jack shares how all of his research has affected his own trading strategy. The episode concludes with Jack sharing some highlights from one of his lesser-known books.

Peter sits down with Jim Rogers from his home in Singapore for an insightful discussion on global markets. The conversation begins with a discussion on the poem, “Ozymandias” which leads to a discourse on the rise and fall of various empires throughout history. Jim shares his thoughts on China’s growth, and his views on their booming commodities markets. The conversation shifts to Russia and Jim’s thoughts on investing in Russian markets. They continue on with two out of favor markets with discussions on Myanmar and North Korea. Jim talks about the outlook for agriculture and shares what he has learned through his extensive career. The episode concludes with a thought provoking word association game.

Rick Rule shares his market insights with Peter in this week’s episode. They start out talking about commodities cycles and the current state of commodities. The conversation shifts to gold, the US dollar and global currencies. Peter discusses his own technique for using US dollar as a hedge in his portfolio and Rick gives his own insight on this topic. Peter and Rick talk about growing Chinese presence in global commodities futures markets. They discuss specific commodities including Uranium, followed by a discussion on the oil shale boom. Peter and Rick discuss how to invest in today’s natural resource marketplace, which leads to a discussion on Ben Graham’s “The Intelligent Investor”. Peter and Rick talk about the growing presence of oligarchs in the economy, and the conversation concludes with a word association game.

Shane Harris, journalist and author of “@War” joins the conversation. Shane starts off the show by explaining his concept of the “military internet complex”. Shane explains various corporations that are assisting the United States government with internet espionage. The conversation shifts to evidence of other countries engaging in cyber warfare, including South and North Korea. Shane shares his opinions on accountability and reliability of information when it comes to government sources of internet intelligence, specifically as it pertains to the recent accusations of North Korean hacking. Peter and Shane talk about China as an emerging threat in the realm of internet hacking and their growing presence in capital markets. The discussion concludes with a talk on internet hacktivism and various threats that exist on the web today.

James Altucher joins The Big Trade Series to share some of his trials and tribulations with entrepreneurship. He shares some of the concepts from his book “Choose Yourself”, including his “daily practice”. Peter and James discuss the value of career diversity, and how to turn a business idea into reality. James talks about some of his successes and failures in business, and the show ends with Peter and James exchanging career stories and advice.

This week Peter is joined by Andrew Horowitz, host of “TDI Podcast” and “DH Unplugged” and President of Horowitz & Company. They begin with a discussion on quantitative analysis and Peter and Andrew exchange perspectives on the subject. Andrew follows this discussion with a 2015 market outlook, including a back and forth on currencies and interest rates. Andrew and Peter continue the show with a lengthy debate on the emergence of Asian markets, Vietnam in particular. The episode concludes with Andrew sharing his thoughts on oil prices and Russia’s 2015 prospects.

Peter chats with Vitaliy Katsenelson, CIO of Investment Management Associates, Inc. Peter and Vitaliy discuss climate-changing events in markets, and the effects of these events. The discussion shifts to the Chinese bubble, followed by Vitaliy sharing his thoughts on Tesco and Apple. Vitaliy shares the idea of the “second best hand” and how it applies to portfolio management, which progresses into a discussion on anti-fragility. The episode concludes with Vitaliy sharing his thoughts on the current situation in Russia.

This week Peter speaks with Will Thorndike, private equity investor and author of the #1 book on Warren Buffett’s Recommended Reading List for 2012, “The Outsiders”. Will discusses his methodology used in writing the book and for evaluating CEOs and their companies. They discuss a number of CEOs and companies, and Will shares his top CEO of the last 50 years. Will compares the role of the CEO in the private equity space to the role in public companies, and they conclude with a discussion on capital allocation in Asia and in the US.

The second part of a two-part discussion with Richard Maybury, publisher of the “Early Warning Report” newsletter and author of the renowned “Uncle Eric” book series. Peter and Richard discuss various aspects of history that have an impact on the way we live today. They go all the way back to the Roman Empire, and progress through the age of Thomas Jefferson and the American Revolution, the Gold Rush, World War II, and the formation of what Richard refers to as “Chaostan”.

Richard Maybury, publisher of the “Early Warning Report” newsletter and author of the renowned “Uncle Eric” book series, joins Peter for part one of a two-part discussion. They begin with an overview on models and paradigms, and how these concepts are apparent in everyday success in life. The discussion progresses with a commentary on the modern workforce, followed by Richard’s thoughts on two prominent models within society; natural law and free markets. Peter and Richard discuss private property around the world, the purpose of education, inflation and central banks, and the concepts of freedom and liberty.

Part two of Peter’s discussion with Kim Isykan, editor of The Global Contrarian newsletter, starts with a focus on Asian markets. Peter and Kim talk about Myanmar’s cloudy future, Thailand’s emerging power, and the questions surrounding Mongolia’s sudden stock market pitfalls. The episode concludes with Kim sharing his thoughts on the great enigma that is Venezuela.

Part one includes an in-depth discussion on Iran’s capital market, and how various political factors have been changing the market prospects. The discussion then shifts to Russia, where Kim Iskyan shares some of his personal experiences in the country and the outlook for companies such as Gazprom.

Peter and Mr. Dorsch discuss the impact of oligarchs and bureaucrats and their place within the global economy. They discuss the global wealth gap and access to capital markets across income levels. Mr. Dorsch talks about his views on global currencies and the effects of interest rates and the Federal Reserve. They tie in aspects of part two with their previous discussion on oil and commodities in part one.

Peter sits down with Gary Dorsch, editor of the Global Money Trends newsletter, for part one of a two-part discussion on global markets. Part one focuses largely on the current state of affairs with oil prices, and the effects that are visible in the marketplace. Mr. Dorsch also sheds light on other aspects of commodities trading, and how he believes this can speak about an economy as a whole.

This week Peter chats with Frank Curzio, prominent market voice and renowned small-cap expert. The discussion takes an interesting turn when the topic of industrial internet is brought up. Mr. Curzio also shares some of his top stock picks, and sheds light on some of his most interesting industry experiences including his work with Jim Cramer and Porter Stansberry, and the benefits of having such a strong network.