Market Champions: Recent Episodes
Srivatsan Prakash
Thank you for tuning in! This podcast is about being able to successfully navigate the markets with some of the most successful people in the industry!
Mirza Baig is a macro strategist at Macrohive, previously having worked on various FICC trading and strategy desks at Deutsche Bank, BNP Paribas, Morgan Stanley, and Point 72.
Here he discusses the China economy, various issues associated with China and other emerging markets as well as his best advice on how to get better at macro!
Arjun Murti is a partner at Veriten and has spent over 30 years on Wall Street as a sell-side equity research analyst, buy-side investor, advisor and board member covering the global energy sector. Since November 2021, Arjun has published Super-Spiked, a Substack newsletter and podcast about the energy transition. He spent 15 years of his career at Goldman Sachs. He retired from Goldman Sachs in 2014, after serving as Co-Director of Americas Equity Research in addition to his responsibilities as an equity research analyst. Prior to joining Goldman in 1999, Arjun was a buy-side Equity Research Analyst at J.P. Morgan Investment Management. He currently serves as a Director on the Board of ConocoPhillips, a Senior Advisor to the Energy Group at Warburg Pincus and an Advisory Board member for Columbia University’s Center on Global Energy Policy, ClearPath, and the India Advisory Board at The Nature Conservancy.
Here he discusses the energy transition, his super-vol vs supercycle framework and where he sees opportunities today!
Alf joins us again for another round of macro - and he shares what it takes to build a trading process, his thoughts on where opportuntieis lie, where we may be in the economic cycle and the risks associated with the hiking cycle.
Bob Elliott is the founder, CEO and CIO at Unlimited Funds, where he aims to provide access to hedge fund strategies for retail investors. He was previously Head of Research and part of the investment committee at Bridgewater Associates.Here he discusses what he learnt working with Ray Dalio at Bridgewater, his views on macro and the economic environment as well as the state of hedge funds and the private investment space.
J Mintzmyer is a value investor and one of the foremost analysts focused on shipping, supply chains and more. In this conversation we discuss the nature of shipping, supply chains, the different categories of shipping, where he sees opportunity and more!
Kris Abdelmessih is an ex-Options market-maker, previously having worked for Parallax and starting his career at Susquehanna Investment Group. Here he discusses the importance of risk management, whether traders are made or born, and more!
Chase is founder of Pinecone Macro. Here he discusses his views on the banking crisis, why the Fed is making a policy mistake and should've stopped hiking 200bps ago, his favourite currency trades in a recession event and more!
Jeff Snider is the founder of Eurodollar University, a monetary economics education platform and one of the foremost experts on the global dollar system. Here he discusses what really happened behind the banking crisis, what liquidity looks like, QE vs QT, where we go from here and more!
Alfonso "Alf" Peccatiello is the founder and CEO of the Macro Compass, and the ex-head of a $20B bond portfolio. Alf joins me to discuss - is the economy as strong as it seems, whether the labor market is weakening, what's going on in Europe, the Chinese reopening story and more!
Michael Green is Portfolio Manager and Chief Strategist at Simplify Asset Management. Here Mike discusses his views on labor markets, transitory inflation, 0DTE options and their impact on market microstructure as well as recent political events wrt China and how much they matter.
Adam Rodman is the founder and CIO of Segra Capital, a hedge fund presently focused on the nuclear energy industry and uranium. In this episode, we discuss the differences between the present cycle and the one in 2006, how off-balance sheet "carry trades" matter to the uranium market, as well as how Adam uses option markets and shorting to his advantage to manage through the volatility investing in uranium ensues, and more!
Mike Ashton is founder and principal at Enduring Investments, and is known as the inflation guy. We have a wide ranging conversation surrounding demographics, causes of inflation, monetary economics and how money printing works as well as how to build a portfolio that hedges inflation risk.
Eric Basmajian is the founder of EPB Research and is very well-known for his work surrounding economic cycles and leading economic indicators. Here he discusses his favorite economic indicators, how he approaches them using a basket/index approach, and then we discuss what's next for the housing and labor markets!
Michael Howell is the founder of Crossborder Capital and has been tracking liquidity flows for decades now. Crossborder is well known for their research into liquidity and harnessing it as part of the investment approach. Here he discusses:
When do banks lend?
Does the Fed "print" money?
How does the Fed's liquidity additions make their way to the market?
And much much more!
You can also purchase his book here: https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity-ebook/dp/B086BBF1H9
Alex is the founder and CIO of HonTe Investments, and he returns to Market Champions to give an update on how he's thinking about where the world is headed, why he thinks we have a >50% probability of seeing negative rates by 2024, ways he's thinking of playing it, insights into his risk management process and more!
I had the opportunity to interview the legendary short seller Jim Chanos. Jim is the founder and president of Kynikos Associates and is very well known for shorting Enron, Wirecard, Luckin Coffee among others. In this conversation we touch up on some of the major issues today - the FTX collapse and what it means for the crypto world, the Uber and Lyft story and why they, among other "gig economy" companies, remain unprofitable. We also talk about the fate of the various Cathie Wood names, and much more in this wide-ranging conversation!
John Ciampaglia serves as Chief Executive Officer of Sprott Asset Management and as Senior Managing Director of Sprott Inc. Here we discuss the various dynamics in nuclear energy, uranium markets, where he sees the market heading, as well as a discussion on gold, oil, and more!
Michael Kao is the founder of Akanthos Capital. Here he joins me to give an overview of what is going on in oil and then we jump into a deep discussion on the US Dollar, geopolitics, China and much more!
Julie Cane is the CEO and Managing Partner at Democracy Investments and has a 20-year long finance career that spawned after leaving the navy. Her firm, Democracy Investments is focused around investing by overweighting democracies and underweighting authoritarian regimes.
Rick Rikoski is the Chief Economist at Democracy Investments, who started in finance after getting a PhD from MIT in Marine Robotics. Here we discuss a lot of the important geopolitical, social and cultural events shaping the economic landscape and how Democracy Investments is looking to take stock of those changes.
Jim Bianco is the founder and President at Bianco Research - based in Chicago, IL. Here, he discusses the various changes he sees in the economy, labor vs capital, and his thesis for how a 4% inflation world looks like. He also shares his views on central banking as well as how they've overstepped their actual function.
Ken Miller is a portfolio manager at Simplify. He was formerly at PIMCO (where he was a PM and EVP), where he worked closely with Bill Gross and at Longtail Alpha, where he was a PM and worked closely with Vineer Bhansali.
In this episode, Ken gets into optimizing trade structure, how to analyze market internal dynamics as well as talk about how he found his best trades / hedges right before the financial crisis in the Japanese Yen options market, and more!
Mercer is the world's largest outsourced asset manager with about $300B in AUM and $15T in AUA. I had the opportunity to speak with Mercer Canada's CIO, Rachel Volynsky, to discuss what asset managers are up to, where she sees inflation going, how she's thinking about allocating in this environment, and much more!
Shailesh Gupta is a portfolio manager and head of trading at Simplify Asset Management. Here he discusses the profile of short vol strategies, how to size positions as an "alt equity" exposure, as well as why strategies like XIV blew up and much more!
Check out the video for charts as well!
Hugh Hendry is a financier and was the founder and manager of Eclectica Asset Management, a former global macro hedge fund. Here he shares his views on inflation, the Fed, multipolar world theory, as well as some ideas around finding trade ideas from the "inside".
You can get his hats and other merch here - https://pixel-gallery.co.uk/collections/acid-capitalist-trucker-hats
Marko Papic is a partner and chief strategist at Clocktower Group, an alternative investment asset management firm. He leads the firm's Strategy Team, providing bespoke research to clients and partners on geopolitics, macroeconomics, and markets.
Here he discusses the various aspects of his geopolitical analysis framework, how the idea of the Buenos Aires consensus has evolved, as well as what the Chinese government will do on the CCP meeting, and much more!
You can get his book here: https://www.amazon.ca/Geopolitical-Alpha-Investment-Framework-Predicting/dp/1119740215
Louis-Vincent Gave co-founded GaveKal in 1999 with his father Charles and Anatole Kaletsky and serves as CEO. GaveKal started as a research firm and evolved in 2005 to include fund management and data analysis services.
Here Louis discusses China, inflation, the European energy crisis and much more!
Richard Howe is the founder of Stock Spinoff Investing. Prior to this, he was at Citi Private Wealth where he worked as a Senior Vice President, and was an Equity Research Associate at Eaton Vance. Here he discusses how he discusses Stock Spinoffs, special situations, as well as some of his past investments and ideas he's watching right now!
You can find his blog here: https://stockspinoffinvesting.com/
Rory Johnston is a commodity and energy analyst and the author of Commodity Context. Here he discusses the various narratives and dynamics driving the oil market since the pandemic, where the shortages are, what supply vs demand is looking like at the moment, how to analyze futures curves and more!
Lyn Alden has been performing investment research for over fifteen years in various public and private capacities and founded Lyn Alden Investment Strategy in 2016. In this episode she discusses economic growth, the Fed, as well as an update on her energy positions and where she's looking to allocate capital.
Devin Crane is co-founder and CEO of Breaking Equity Strategies. Breaking Equity brings a two-sided platform to build, buy and sell automated strategies. Here Devin discusses how to create individual ETFs, how Breaking Equity can help traders incoroporate AI into their daily trading and more!
Mark Koyama is an Associate Professor of Economics at George Mason University's Mercatus Center, Senior Scholar. Professor Koyama got his PhD in Economics from the University of Oxford.
Here he discusses the ideas presented in his latest book, where he talks about how demographics, institutions, culture and more have had influences on the economic development of a country.
You can find the book here: https://www.amazon.com/How-World-Became-Rich-Historical/dp/1509540237
Paul has over 25 years’ experience as an economic and political strategist. He founded View from the Peak in 2011, seeing a need for a truly global, multi-asset class research platform that focuses on the interactions between public policy, economic trends, technology, and geopolitics. View from the Peak takes its name from Victoria Peak, the highest point on Hong Kong Island and the firm aims to look at the world from a 360-degree view with an Asian perspective. Prior to that he traded under trading legends like Bruce Kovner and Louis Bacon!
Andy Fately is an FX trader, and writes the fxpoet blog! Here he discusses what it was like back in the 1980s and 1990s ("heyday of Wall Street"), shares some fun trading stories, and also shares his views on where he thinks markets are headed next!
Brent is the founder of Santiago Capital, and well known for his ideas around the Dollar Milkshake Theory. Here he discusses Japan, emerging markets, what the Fed is up to, and more, as well as an update on the Dollar Milkshake and where he sees the USD going from here!
Brian Romanchuk is a consultant, author and blogger, and writes at bondeconomics.com where he writes about central banks, monetary policy, bonds and more! In this interview he discusses how central banks really function, what the Fed is doing by hiking rates, what most people get wrong about MMT and more!
Ben Emons is Managing Director and Macro Strategist at Medley Global - one of the largest macro research firms in the world. Here he describes whether we're entering a recession in the US, how to think through Europe and Asian macro as well as how to think through rates and FX trades here and more!
Tom Roderick is a portfolio manager at Trium Capital. Before that, he was partner at Eclectica Asset Management and he talks about how he went from theoretical physics to finance, his thoughts on the lockdowns+yuan, inflation and his 3 "D" framework, and much more!
Russell Clark was the founder and manager of Russell Clark Investments, and now writes at russell-clark.com. Here he discusses how minimum wage laws have changed over time, how he's thinking about China and more!
Brent Donnelly is President at Spectra Markets and writes am/FX - a daily newsletter dedicated to currency markets. Here he discusses his views on the macroeconomy, how he's thinking about the Fed as well as how he thinks through changing regimes as they relate to rate differentials and more!
Shrubbery Capital is presently the CIO and founder of a hedge fun - here he discusses the bullish case for commodities, stagflation, and how cash serves as a hedge in what he considers to be a dangerous market for investors!
Josh Wolfe is the co-founder of Lux Capital, a $4B venture capital firm. Here he discusses some of the biggest advances made in precision manufacturing, science, biotech, AI and how they drive the future of our world!
Andy is the former CIO of a hedge fund, and has a pedigree with some of the biggest hedge funds on Wall Street. Here he discusses the Fed and how they affect asset markets from a risk premium standpoint, what he continues to watch for, and more!
Jeff Snider is Head of Global Research at Alhambra Investments. Here he discusses analyzing the Eurodollar futures curve as a probability distribution, what different yield curves are telling us, why the Petrodollar is not a real thing and more!
John Ciampaglia has more than 25 years of investment industry experience and serves as Chief Executive Officer of Sprott Asset Management and as Senior Managing Director of Sprott Inc. Here we discuss uranium market dynamics, how the spot market for uranium really works, why the market is so opaque and more!
Jim Leitner is the founder of Falcon Management, a family office based in Wyckoff, NJ. Here he talks about the long ags trade, his BRL and CLP long trades as well as why he's out of his uranium position.
Daniel Want is the founder and CIO of Prerequisite Capital based in Australia. Here he shares his story, his views on markets ahead and how to apply a systems thinking framework for thinking about the world.
Lots of awesome information from Daniel!
Bilal Hafeez is the founder of MacroHive and formerly an FX and Rates Strategist at some of the big banks. Here he talks about how to build a framework, his thoughts on the Russia-Ukraine situation and where he sees opportunity going forward!
Jon Turek is the founder of JST Advisor and the publisher of the Cheap Convexity blog. Here he discusses his thoughts on the hiking cycle, what's next for Europe and Asia and more!
You can find his blog here- https://cheapconvexity.substack.com/
Michael Kao began his career on the desk of J Aron and went on to run his own relative value convertible arbitrage hedge fund - Akanthos Capital. Here he shares his journey, the ups and downs and how one call from George Soros changed his career
Alf is the author of the free macro newsletter The Macro Compass, which you can find here: https://themacrocompass.substack.com/
Here he shares his macro outlook, yield curves and what theyre telling us why growth is likely to slow, and more!
Russell Clark was formerly running Russell Clark Investment Management, and is well known for his thoughts on Asia, macro, short selling and hedge funds. He presently shares his thoughts here- https://substack.com/profile/46635037-russell-clark
In this episode we discuss - central banks, Japan, China, higher energy prices, food prices and more!
Jeff Dorman is the CIO of Arca, and was formerly a trader in the "tradfi" world - at places like Lehman and Citadel. Here he talks about his transition to DeFi from Tradfi, the case for digital assets and where he sees opportunity today!
Alex Gurevich is the founder and CIO of Honte Investments and formerly ran global macro at JP Morgan. Here he discusses building a macro process, sizing, where he sees opportunities, his take on the transitory narrative, and his new and upcoming book - The Trades of March, where he discusses how he traded (very profitably) through March.
You can order the book here: https://www.amazon.com/Trades-March-2020-against-Uncertainty-ebook/dp/B09NX372KG
Joey Politano is the author of the Apricitas blog, and in this podcast discusses the themes of transitory inflation, what is going on with manufacturing, employment as well as whether debt is an issue or not.
None of the views expressed here are that of his employer.
Make sure to subscribe to his blog - https://apricitas.substack.com/
Frances Coppola is one of the foremost speakers on monetary policy, lending, bitcoin, currencies and more! Here she discusses how she got into monetary economics from being an opera singer, whether bank reserves matter, what happens to inflation and rates, bitcoin and more!
Michael Fritzell is a value investor based in Singapore with a focus on investing in Asian countries, like Indonesia, South Korea, and Japan. Here he discusses the property market in Indonesia, what makes Indonesia (and other Asian countries) ripe for investment, the pricing power of Korean soy sauce companies, and more!
You can find his work here: https://www.asiancenturystocks.com/
Alfonso Peccatiello was recently the manager of a $20B bond portfolio for a European bank, and now writes the Macro Compass newsletter full time. Here he discusses QE, credit, money printing, inflation vs deflation, what it was like running $20B and more!
Here's his most recent newsletter piece, discussing the macro framework needed for 2022: https://themacrocompass.substack.com/p/2022portfolio
An interview with a lot of alpha on offer!
Harris Kupperman is the founder of Praetorian Capital and well known for his investments in the uranium and energy sector. Here we discuss uranium, energy, carbon credits, building a hedge fund, and a lot more!
Vishaal Bhuyan started off on the NYMEX, and is the author of The Esoteric Investor, covering aging demographics, tuna markets and water - and ran a portfolio of OTC exotic derivatives for a family office. He's presently the CEO of Aanika Biosciences, and here he shares a lot of the theses, how he played them and the Aanika story!
Mike Taylor was formerly the MD of CriticalMass Partners, and a portfolio manager specializing in healthcare. He presently runs the not-for-profit Simplify Health Care ETF.
Here he shares his views on biotechs he likes, how to run a short book, China and more!
Kevin Muir is the writer of the renowned newsletter The Macro Tourist, host of the Market Huddle podcast, and a former prop trader. Here he discusses various themes he's watching including oil, nat gas, uranium, China, inflation, and more!
J Mintzmyer is a value investor and one of the foremost analysts focused on shipping, supply chains and more. In this conversation we discuss the nature of shipping, supply chains, the different categories of shipping, where he sees opportunity and more!
Chase Taylor is the founder of Pinecone Macro, a macro research firm. In this episode, he discusses his investments in coal, uranium, energy in general, talks about what he believes could be the 'next big trade' and much more!
Mark Gomes is a former Wall Streeter turned independent stock picker and has generated 40% a year for 20 years. Here he shares how he thinks about stocks, pattern recognition, risk-reward framework, and shares some of his favorite investment ideas at this time.
Ben Claremon is a Principal and Lead PM at Cove Street Capital, a value-based asset management firm managing roughly $700m. Here he shares the bullish case for Lionsgate, a media company!
Here you can find the presentation deck he made for the podcast. Otherwise, paste the following URL into your browser: https://drive.google.com/file/d/1rVjw8l6Q0-KdLNbfmVf4oT2fY1c5Ib4A/view?usp=sharing
Matt Gertken is a strategist at BCA Research and focuses on the intersection of geopolitics and markets. Here we discuss what could happen between China and Taiwan, how he's thinking through the Chinese regulation of big tech, the debt ceiling issue in the US, and more!
An interview with a lot to learn from!
Vee started off on the prop desks at JP Morgan Chase, and went on to become a Partner and PM at a $1.2B macro-focused fund, after which he took his career to trade on the desks of large banks like Morgan Stanley and Deutsche Bank.
Here, he shares the lessons he learnt along the way as well as how he got to where he is, and the mindset of a successful trader.
Chris Bloomstran is the founder and CIO of Semper Augustus, a value strategy focused hedge fund based in St Louis. Here, he joins us to discuss the future of value, his energy investments, his advice to younger gens and more!
I was featured on Simplify's Keeping It Simple series along with Kyla Scanlon as a guest, and had the opportunity to discuss the future of investing, inflation, intergenerational conflicts and more with hosts Mike Green and Harley Bassman!
Anthony Scilipoti founded Veritas Investment Research in 2000. He is a Fellow CPA, and a Fellow CA. Anthony also serves as a member of the Ontario Securities Commission's Continuous Disclosure Advisory Committee since 2006.
Here he joins me to discuss how he identifies hanky panky in financial statements, what he would change if he was a regulator, what opportunities he sees in today's markets and more!
Andrew (Drew) Dickson is the founder of Albert Bridge Capital, and CIO of their European Alpha strategy. He has over 20 years of industry experience, and previously was a partner in the asset management division of Perella Weinberg Partners (PWP).
He has worked as a research assistant for Richard Thaler, as well as studied under Eugene Fama, and here he shares how investment factors matter, what his process looks like and some of his views on behavioural finance. An interview with a lot to learn from!
Andy Walker is the General Partner at Augury Research, and here he joins us to talk about what makes SMSI a fantastic investment. He talks about the operating leverage, SMSI's new product, their competitive advantages and far more in this episode!
Mark Dow is a global macro trader and author of the blog Behavioral Macro. Previously, he worked as a policy economist at the U.S. Treasury and the International Monetary Fund, after which he was a senior Portfolio Manager at Pharo Capital, a $10B fund.
Here he talks about why QE isn't money printing, what's driving markets, narratives and much more!
Harley Bassman created, marketed and traded a wide variety of derivative and structured products during his twenty six year career at Merrill Lynch, and focused on pricing and modelling products that had an asymmetric return - what he calls convexity. He is the Managing Partner at Simplify Asset Management, and pens macro commentary at convexitymaven.com
Here he shares his views on convexity, options, interest rates, inflation and much much more!
Joseph spent 5 years studying the plumbing of the financial system as a senior trader on the open markets desk. The Desk sits at the center of the dollar system as its ultimate and infinite provider of dollars. It has access to virtually all regulatory and financial data, as well as open lines of communication with all major market participants. - from Joseph's website fedguy.com
Here he shares his views on inflation, repo, interest rates, tapering and more!
Michael Kao has been the manager of Akanthos Capital Management since 2002, and Mike ran an opportunistic, value-driven investment strategy that looked for “fulcrum securities” up and down the capital structure.
He has been investing for 30 years and shares his views on the oil supercycle, cap structure arb, trading commodities and more!
Mr. Sheriff presently serves as the Executive Chairman of enCore Energy Corp. An entrepreneur and visionary with over 30 years’ experience in the minerals industry and the securities industry, and has been responsible for capital raises in excess of $300MM. Mr. Sheriff was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp for $1.8 Billion.
Mr. Sheriff also serves as Chairman of Golden Predator Mining Corp, Director of Ely Gold Corp. Director of Exploits Discovery Corp. and Director of Group 11 Technologies Inc, a private company committed to the development and application of environmentally and socially responsible precious metals mineral extraction as an alternate to conventional mining methods. (From enCore's website)
Here he discusses his views on the uranium market, and how his firm, enCore is preparing for it!
Maj is the founder of GeoInvesting and has been a highly successful microcap investor for the last 30 years. Here he discusses the case for being long $PXHI.
Jeff is the Head of Research at Alhambra Investments and here he reiterates that we won't see an elevated level of inflation.
Kyla is a partner at Be On Deck and is one of the best known content creators in the finance community. Here she shares some economic views as well as her secret to being successful as a content creator.
Maj Soueidan returns to Market Champions to talk to us about KTEL - which he is extremely bullish on. This company has a catalyst to triple its revenues, has a contract with one of the largest US States... and nobody is talking about it! Listen here to find why he's so bullish on the company.
Alfonso is the author of the free macro newsletter The Macro Compass and a well known disinflationist. Here he talks about disinflation, bonds and much more!
Brent is the author of Alpha Trader, and The Art of Currency Trading, and has traded at hedge funds in CT, and big banks like HSBC. Here he shares his secrets that've helped make him successful!
Naufal Sanaullah is Macro Strategist at EIA All Weather Alpha Partners, and here he talks his process, his views on where the best investments lie, risk management, position sizing, and much more!
Steve is the former partner of a Tiger Cub and former Head of Research at a second multi-billion hedge fund. Here he shares various accounting shenanigans that are taking place right now, where he sees opportunity, and much more!
Jim is the founder of Falcon Management, and he is one of the greatest macro investors of all time. Here we discuss his research process, his process for trading currencies, risk, position sizing and much more!
If you want to contact Jim about anything, feel free to email him at jleitner@falconmgt.com!
Hari Krishnan is the Head of Volatility Strategies at SCT Capital Management. Here he talks of constructing convex trades, hedging tail risks, shortcomings of the Black Scholes Model, and much more!
Jesse is the publisher of the Felder Report and was a partner at a multi billion dollar fund. Here he discusses his views on inflation, the dollar, bonds, how he's positioned himself and much more!
Chase is a strategist and trader at Pinecone Macro. Here, he discusses the bullish case for Europe, Latin America, energy, and much more!
Harris Kupperman, also known as "Kuppy" is the manager of Praetorian Capital. Here he discusses his views on Oil Tankers, his position in St Joe's, the future of newspapers, his overall investment process and much more!
Today's episode features Jerry Parker - a CTA and one of the legendary turtle traders. We discuss successful trading, trend following, identifying exits and entries and much more!
Quick apology on the birds in the background!
Julian Brigden is the founder of MI2 Partners and is one of the macro insiders at Real Vision. Here he talks about the importance of understanding history, his thesis on the USD and emerging markets, the metals he's watching and much more!
Interview with a lot to learn!
This episode features Kevin Muir, the author of the Macro Tourist newsletter and an investor who's happy to look at any kind of opportunities from crypto currencies to bonds to risk arbitrage!
Here we discuss his process, what it was like working on a Canadian proprietary trading desk, and much more!
Andreas Steno Larsen is the Global Chief Strategist at Nordea.
Here he discusses his views on inflation, Swedish housing markets, his framework for analyzing currencies, and much more!
Jordan Wrong is an options trader based in Toronto Canada, who manages a seven figure fund focused on exploiting opportunities in the volatility and options space. He's also the two time winner of Canada's largest options trading competition, along with the founder of Predicting Alpha- a source of excellent options data and volatility trading insights. Here he discusses strategy, how to find trades, how he expresses his view and more!
Fantastic interview with a lot to learn!
Grant Williams is the author of Things That Make You Go Hmm as well as the co-founder of Real Vision. He joins me to talk about his thesis on fiat debasement, the gold vs bitcoin debate, his view on the deflationists and their dollar shortage theory, the lessons he's learnt from conversations with investors, and much more!
An interview packed with knowledge with a phenomenal investor.
Christian Siva Jothy is formerly the partner who was in charge of FICC (Fixed Income, Currency and Commodity) trading at Goldman Sachs, and the man who ran SemperMacro, a macro trading hedge fund. He was featured in Steve Drobny's book Inside The House of Money.
In this podcast, he discusses what it was like at Goldman, some funny stories, how he reads the tape, generates ideas, manages trades and much more! A fantastic interview!
Jason Shapiro was featured in Unknown Market Wizards by Jack Schwager. At a 20% target volatility, his average annual compounded return is 34.0%, and his maximum drawdown is less than half of his average annual return at 16.1%.
He is a contrarian, and shares his thoughts on process, identifying opportunities, risk management, and much more!
Graham Rhodes runs the Long River Investments family office based in Hong Kong. He has compounded at 22% annually over the last 5 years compared to <15% for the S&P 500.
Here is a list of relevant links:
Annie Duke:
https://www.amazon.com/Thinking-Bets-Making-Smarter-Decisions/dp/0735216355/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=
https://fs.blog/knowledge-project/annie-duke/
Longriver:
www.longriverinv.com
@longriver_hk
On Value Investing, my research process and learning:
https://www.longriverinv.com/letters
https://www.longriverinv.com/blog/the-practice-of-value-investing-by-li-lu
https://www.longriverinv.com/blog/betting-on-the-odds
On Managing Emotional Risk:
https://www.longriverinv.com/blog/wider-definition-of-mos
On HDFC Bank:
https://www.longriverinv.com/blog/hdfc-bank-part-i-sleeping-well-at-night
https://www.longriverinv.com/blog/hdfc-bank-part-ii-dreaming-of-the-future
On games in Asia:
https://www.longriverinv.com/blog/netease-the-right-stuff
https://www.longriverinv.com/blog/tencents-gaming-business
On continuous compound economic growth:
https://www.longriverinv.com/blog/li-lus-2015-speech-at-peking-u
https://uploads-ssl.webflow.com/5ef3c7300432b40ed865991a/5ef3c7300432b403eb659976_Li%20Lu%20on%20Discussion%20of%20Modernization%202016%20Final.pdf
Michael Green is a portfolio manager at Logica Funds. He is very well known for his work on the impact of passive flows into ETFs on investing. Here we discuss having hedges for tail risks, the impact of flows into ETFs, Bitcoin and the overall macro/geopolitical picture.
An absolutely fascinating episode from which we can all learn from!
Marc Cohodes is a legend in the short selling world. In this podcast, we discuss many things including- Identifying great short ideas, MiMedx, Overstock, Camping World and much more! A lot of awesome content packed into this one podcast.
Jeff Snider is the Global Head of Research at Alhambra Investments, and well known for his disinflationary views and his Eurodollar University video. Here he talks about why yields' move higher isn't inflationary, why things are still not inflationary at all, and much more.
Fantastic interview with a lot of important takeaways.
Jim O'Shaughnessy is the founder of O'Shaughnessy Asset Management, a quantitative asset manager. Here he talks about his research process, mental models, and much more. An interview with a lot to learn!
Lily Francus is the inventor of the NOPE indicator and is an independent quantitative options trader and researcher. On this episode she shares her journey to using NOPE, some tips on trading options and her thoughts and views on the world of quantitative finance!
Brandon is the value investor at Macro-Ops, and tries to identify businesses with a strong competitive advantage and a margin of safety. He is also the host of the Value Hive podcast, and you can find him on Twitter @marketplunger1!
Make sure to check out this AWESOME episode!
Emil Kalinowski is the host of Making Sense with Jeff Snider, and an authority on the monetary system. Here, he talks about why he believes we're entering a new social order, why he believes gold will outperform and his ideas on the situation of monetary economics as it stands today.
Peter Brandt is a Market Wizard, and a trading superstar. Over the entire 27 years he traded since 1981, Brandt achieved an impressive average annual compounded return of 58%.
Here he shares his favourite indicators, why he uses technical analysis, his favourite trades at the moment, why its important to hold on to winners+cut losers, and much more!
An absolutely incredible episode!
Adam is the founder and manager of Greystone Value, an RIA based in Pennsylvania. Here, he talks about several of his investments, his overall strategy and some views on the future!
An exciting interview with a lot of knowledge!
Corey Hoffstein is one of the giants in the quant world, and the CIO of Newfound Research. He has written an incredible whitepaper called Liquidity Cascades. Here we discuss what happens with Smart Beta strategies, passive flows, ETFs, gamma hedging, and how to put these ideas into action!
You can find the paper here: https://www.thinknewfound.com/liquidity-cascades
Travis Kimmel is the President of Real Vision, and here he discusses his views on Tether, bitcoin, bonds, the dollar and more! Fantastic interview to listen to!
Brent Johnson is a well known dollar bull and gives us an update on his thesis, what the Federal Reserve is really up to, why we're in for deflation and not inflation temporarily and a lot more!
An absolutely incredible episode!
Mike is the CIO at Sachem Cove Partners, and Tim is an analyst at the same. Here, they discuss the bullish case for uranium, talk about where the cycle is headed, how the cycle works and what makes it so asymmetric!
An absolutely wonderful interview!
Victor Niederhoffer is the author of Practical Speculation and The Education of a Speculator and is a well known trader in the financial markets as well as a statistician. Here he shares how to find an edge in the markets, some tips for trading, myths traders believe in and much more!
Maj is the founder of Geo-Investing and was part of The China Hustle documentary. Here he discusses how he approaches equity analysis, how he found shorts and the Chinese stock market.
An awesome podcast!
Jim Rogers is a big name investor and author, and here he shares his views on the economy, gold, silver, the dollar, bitcoin, where he sees opportunity and much more!
Lyn Alden is the founder of Lyn Alden Investment Strategy and is known for her bearish views on the dollar. Here she explains her views on dollars, where she sees bubbles and her overall investing strategy. Fantastic interview!
This episode of Market Champions features Billy Duberstein, founder and manager of Stone Oak Capital. Billy is predominantly a tech investor, and here we talk about 5G, it's implications, why he's bullish on Micron and T-Mobile, what to expect over the next decade, his process for finding investments, whether tech is a bubble and much more!
Absolutely fantastic interview!
Luke Gromen is the founder of FFTT LLC, and is known for his bearish views on the US Dollar and his bullish view on gold. He shares his thoughts on what the "Luke Gromen Moment" is, whether we're there and updates us on his thesis of the USD losing it's reserve currency status.
Jeff Snider is the Head of Research at Alhambra Investments, and he is an expert in the monetary system. Here he explains why the Fed isn't printing money, why QE is a facade, and how we're in for deflation and much more!
Euan is the king of options/volatility trading and has written 3 books on the matter. In this episode, we go into the details of Euan's methodology, how he finds overpriced volatility, the steps in developing an edge and much more!
Larry is the founder of Bear Traps Report, which is a live distribution platform for INSTITUTIONAL investors with 600 institutions to watch what they say/do live, on Bloomberg.
He was formerly a VP at Lehman Brothers and the Head of Macro at Societe Generale. In this episode, we discuss the outcome of the US election, why oil is headed higher, why he's bullish on commodities and much more!
An incredible amount of info in this episode.
Steve van Metre has a long bond thesis, which we discuss at length in this interview. He is outspoken when it comes to his knowledge of the monetary system, and here, we explore the various aspects of the monetary system.
A very insightful and informative interview!
Danielle Booth is the CEO and founder of Quill Intelligence. In this interview we go into what the Fed is really up to, how Danielle would fix the Fed if she had the chance, the future of Central Bank digital currencies and much more!
An incredible interview!
Jack Schwager is a very very well known figure in the investment world. He's the author of 5 "Market Wizards" books, along with the "Schwager on Futures" series.
Here we discuss his story, his journey to writing MW Books, whether technicals have an edge, and what he's learnt from talking to various investors and traders. An absolutely splendid interview!
Raoul Pal is the co-founder and CEO of Real Vision and a legend in the macro world. Here we discuss the insolvency phase of the COVID economic crisis, how Raoul Pal invests as a macro guy and the Retirement Crisis that Raoul Pal has been worried about for so long and how that fits in with COVID-19.
Absolutely fantastic interview!
Anthony is the co-founder of Morgan Creek Digital and writes a daily letter on crypto, finance and the economy. He's a big bull on crypto and here we discuss what the bullish case for bitcoin is, why the current system isn't very good and what can be done about it.
Also, we talk about personal branding and the future of business as well, and how it all works. Fantastic interview!
Teddy Vallee is a macro investor and the founder and CIO of Pervalle Global. He shares what he's watching during these uncertain times, how he builds proprietary indicators and what risks he's watching over the next 12-24 months!
Edwin has been finding short ideas for a very long time, and in this podcast, you can find how he sources ideas and researches them. He's also the publisher of The Bear Cave Substack newsletter.
Subscribe to The Bear Cave newsletter: http://thebearcave.substack.com/
Find him on Twitter: www.twitter.com/StockJabber
Tyler DuPont is the founder and CEO of Augury Research, a collaborative research team. He's been in the markets since high school and it's his second appearance on the podcast. Here, he talks about his investment strategy, how he finds trades and his premiere strategy- short selling.
He's a great value investor and also talks of the importance of building a playbook!
The Dollar Milkshake Theory is a very important theme at Brent Johnson's fund Santiago Capital. We talk a lot about the dollar, gold, bitcoin and how he is playing the milkshake theory at Santiago.
Incredible episode!
Sri T is the Director of Research at the Jerome Levy Forecasting Center, a macroeconomic research firm. It's an incredible conversation with lots of amazing insights offered.
I had the opportunity to sit down with Sri T and get his thoughts on the COVID crisis, the central bank response, sorry advice given to central banks like the RBI and the approach he uses to help forecast profits.
All in all, some terms may not be familiar with a layman, but it was an absolutely fire conversation!
Ben Claremon is principal and portfolio manager at Cove Street Capital, managing about $700m. He's a value investor, and here he offers his thoughts on COVID, how his process allows him to stay calm, along with keeping biases out of the game. The most important message that has gone through, in my opinion, is the importance of a process.
Alex is the founder of Macro-Ops, a huge trading educational platform, as well as a trading king himself. A former military sniper, he shares his strategy, his thoughts on central banks and his overall macro strategy.
Based in Istanbul, Turkey, Mesut has 30 years of experience in emerging markets (specifically Turkey) as a value investor. A graduate of the Wharton School, he offers some incredible insights into what it takes to be an investor in emerging markets, what his process and strategy is, as well as why Turkey is incredible for investment.
This week's episode features Matthew Peterson, CFA , founder of Peterson Capital Management, a value hedge fund based in California. Here he gives his thoughts on COVID-19, why this is an incredible opportunity as well as being able to use put options to aid your value investment ideas.
Hey everyone! This week's episode features Jeremy Deal, the founder and portfolio manager at JDP Capital, a value based hedge fund in Amsterdam, the Netherlands. We have a great conversation on his investment process, why it's not enough to just look at asset based valuations and the need to dig deeper.
I got Tyler Kling, the co-founder of Macro-Ops on the podcast to share his thoughts on the coronavirus crisis, along with the factors he looks at. He also leaves a couple of thoughts on his trading strategy/philosophy.
Tavi Costa is a portfolio manager at Crescat Capital. They’ve consistently beaten the market since 2006. Here we discuss some of his macro views along with some thoughts on what the future holds, along with combining value with macro.
Mark Spiegel, founder and manager of Stanphyl Capital is a long/short equity and macro investor. In this episode, he discusses his thoughts on COVID-19, Europe, his investment philosophy and his thesis on Tesla. One of the most amazing podcast interviews I've ever done!
Charlie is a full time FX and Commodities trader, and he shares his thoughts on COVID-19, how he’s trading around it as well as his overall philosophy and strategy.
Josh has been a good friend of mine and runs The Market Hustle, one of the major investment educational accounts on Instagram, as well as the Market Hustle podcast. A realtor and a stock investor, here we discuss the impacts of the coronavirus on both stocks and real estate, why it's important to maintain a long term focus and the importance of diversification.
Mr. Illan has been in the investment game since he was 12, and brings over 30 years of experience to the table. Here he shares why the coronavirus lockdown may have REALLY happened, as well as his response to the volatility in March 2020. A very informative podcast for investors and laymen alike! He also shares the way he build investment portfolios, and researches investment theses.
Jason Perz has been trading for a long time, and has been into the markets since the age of 10, when his grandparents gave him a piece of silver. Ever since, he’s been obsessed with the way financial markets work and has a fantastic track record. Lots of value in this episode!
Frank has been investing in real estate for ten years, and is a champion at it. Here he explains what it TRULY TAKES to be a MARKET CHAMPION in the real estate world!
Morten is a Danish investor, who invests for the purpose of cash flow from dividends. He talks about why it’s not only important to see high yields, how he goes about picking stocks and his investment strategy. He runs dividend club on Instagram!
EPISODE 100!!! Oliver Sung is the founder of Junto Investments, an investment research website, as well as a value investor and a former portfolio manager from Denmark. Here he shares his thoughts and his philosophy on value investing, the future of the art as well as the mistakes he made along the way!
I got to interview Dom from AMP Biotech. And Dom is very good at what he does. He find biotech companies with good catalysts and shares his strategy.
Jordan and Sean are the founders of Predicting Alpha, a platform to teach retail traders quant trading. They’ve achieved fantastic annual returns, and it was awesome having them on the podcast!
Dario, a British investor for 10 years gives his thoughts on the global economy and international markets and how one can prepare for a life of successful investing!
Erik Bergman is the founder of Cayenne a media a multi hundred million dollar company. Here he gives his secrets for success!
Chris is a very successful investor. He’s been investing for the last few years and here he shares insights into his investing strategy and making money in the market!
Andy Walker is a successful investor in microcaps pulling out some big gains in the market! Check this out to get a better idea of how you can do so too!
Jeremy is the founder of Personal Finance Club. With a pretty big audience on IG, his tips on investing in index funds have really hit home. Here he shares some of his views on investing and personal finance!
I had the chance to interview Rahul, and he’s given great tips and ideas on investing and personal finance!
Ryan Odom, The Bullish Millennial and I had a wonderful talk on networking and building a brand! Check it out!
Note: Please note that whether China devalued its currency, or if its markets acting natural is highly debated. Also note that my internet connection quit midway.
George Soros is known for his profound theory of reflexivity. It’s very complex but I’ve given a shot at explaining it! Check it out!
Hey! Dinesh Sairam is a value investor and blogger, based in Chennai. He runs a blog- valuation in motion, with some excellent posts. He was on my podcast for a fantastic interview on Investing in India!
Henry has been helping people get clients and build brands since 2006! This is an episode for everyone who wants to start an agency but can’t get clients!
Had Ivan Illan, CFS, AIS on my podcast! We talked a lot about what minimum wage laws, legal healthcare and socialism could cause to the economy
Dropshipping? Can you even do it? Well for sure! I had Emma talk about dropshipping and she has over $550k in sales!
So I was reading this book with five clues to the next big company. Find out in this episode!
I had Entrepreneur, and famous Quora writer Gordon Miller, who’s ran multiple companies and is a very successful businessman.
I had a Mark Drager who has been running an agency for the past 12 years and is an expert at starting and running a business!
I had the wonderful opportunity to interview Tyler who’s a great investor and trader! Also, a small correction- it’s S-4 and not Form 4 (for anyone who’d be interested)! The S-4 is a form for M&A while Form 4 is something a person files when they have a large stake that they reduce/increase!
Today I discuss the difference between risk and uncertainty, which I learnt from PM Institute!
THIS IS NOT FINANCIAL ADVICE! This is my view on Tesla and I just wanted to share it with you!
Hey! So I had CHILD PRODIGY Teagan Adams on my podcast, and was a ton of fun talking to him about being a practical, successful entrepreneur!
Risk is..... it’s in the episode! But there’s a follow up one, on how you analyze risk.
Today I had Craig ‘Flip Boss’ Martinez on my podcast. Craig is a self made real estate investor, business coach and entrepreneur and he shares his expertise on achieving success as an entrepreneur!
I had Greg, an Australian motivational speaker, who talks of methods to change your life!
I had Steph from Spicer Capital, and he gave his tips for successful investing! Hope you enjoy the show!
Today, I had an absolutely out of the world interview with Certified Fund Specialist, Financial Advisor and Economic Philosopher Ivan Illan!
Today I team up with my business partner to discuss our marketing strategy for our business!
Today I discuss how interest rate changes affect and increase bond price volatility and more!
Today, I have CFP Theodore J. Van Gerven talking about how you can get started investing too!
Learn WHY you need to optimize your time. The dark truth about life revealed in today’s podcast!
I had serial entrepreneur George Pitts on my podcast. Had an awesome discussion on entrepreneurship, ventures and startups!
Hey! In this podcast, I talk about THE ONE THING that separates successful people from others!
Learn how there are two ultimate goals in life, and how to achieve one of them. The other is coming soon!
Here I review and discuss the important concepts contained in Security Analysis by Benjamin Graham!
I had the honour of having Moritz for a podcast, and learning about the intricacies of trading!
Here, I discuss why Amazon didn't pay taxes, how Trade Wars affect the economy, and far more!
Today, I had Mr Jose Hernandez on our podcast, and had an awesome interview on Personal Finance
Here, I review 'The Intelligent Investor' by Ben Graham, and discuss some of its most important concepts in detail!
Entrepreneurship is a big jump. Here are things that you should do before entrepreneurship!
Investing is a big deal in most of our lives! So why invest? Well, you’ll find out in this episode!
This is an introduction, and talks about what you can expect. From now on episodes will be 15-20 mins each! They will also include weekly market commentary.