Tap into the thinking of some of the brightest minds in the investing business as they set out to shake things up in companies and markets.

Real Vision Jan 24, 2020
Crossing the ETF Divide
When he first sat down with Grant Williams in 2017 in a series called "The Dark Side of ETFs," Steven Bregman, president and director of research at Horizon Kinetics, dissected the problematic consequences of passive investing and the potential bubble that has since only grown. In 2020, he has not changed his tune. Ultimately, Bregman and Michael Green debate the risks and fallacies of a market dynamic, which Bregman argues presents incredible opportunity for investors willing to risk crossing the ETF divide. Filmed on January 20, 2020 in New York.
Real Vision Jan 02, 2020
Buybacks, Boeing, and Broken Promises
Dr. William Lazonick, co-founder and president of The Academic-Industry Research Network, sits down with Real Vision's Max Wiethe to dissect the evolution of the stock market and the modern American economic system. Citing Boeing as an example, he contends that the stock market is being used to loot previously innovative corporations as insiders and outsiders alike are incentivized to push stock prices higher. He also argues that American competitiveness is being sapped as companies prioritize stock buybacks over investing in research and development, building new infrastructure, and paying off debt. Lazonick explains how this focus on short-term profits has led to unstable employment, sagging productivity growth and a loss of international competitiveness. Filmed on December 6, 2019 in New York.
Real Vision Sep 20, 2019
Becoming a "Fool on the Hill"
Whitney Tilson, founder and CEO of Empire Financial Research, talks to Ed Harrison about how a few big risks he took early in his career allowed him to grow his fledgling hedge fund. Heeding the advice of Warren Buffet provided him the perspective to identify the opportunities in non-consensus equities through the dotcom bubble. Tilson shares why that perspective helped develop his investment process. This clip is excerpted from a video published on Real Vision on September 13, 2019 entitled "The Endless Hunt for Value."
Real Vision Sep 13, 2019
The Endless Hunt for Value
Value investor Whitney Tilson, founder and CEO of Empire Financial Research and the former managing partner of hedge fund Kase Capital, details his transformation from momentum trader to an investor living by Warren Buffett’s dictum that “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” In this conversation with Ed Harrison, Tilson explains why he sees WeWork pulling its IPO and eventually going bankrupt, lays out the case for Amazon and Fannie Mae, and speaks to the outlook for beaten-up European financials. Filmed on September 9, 2019 in New York. Learn more about Macro Insiders here:
Real Vision Jan 16, 2019
At Your Own Discretion
Tony Greer, founder of TG Macro, reveals his first tactical short of 2019. While he’s bearish on the overall market, one sector in particular has his attention. He reviews his thesis and lays out the trade in this interview with Brian Price. Filmed on January 15, 2019.
Real Vision Nov 21, 2018
Taking Advantage of the Algos
Harris Kupperman of Praetorian Capital talks to Real Vision’s Jeff Zananiri about the opportunities for finding value in small-cap stocks. Algorithmic trading programs may be making life more difficult for some market participants, but in the small-cap space, Harris believes that their rules of engagement leads to advantageously deep discounts. He also touches on a bevy of related topics, including as overall market valuations, and Mongolian mining stocks. Filmed on November 7, 2018 in Miami.
Real Vision Dec 22, 2017
Kiril Sokoloff’s Big Picture
Revered investment visionary Kiril Sokoloff, founder of 13D Global Strategy & Research, encapsulates the big picture trends better than anyone and Raoul Pal gets the chance to sit down with the legendary thinker to peer into the future of technology, including China’s quantum computer advantage, which has the potential to be the ultimate disruption, with an unhackable new form of internet, as well as long term challenges facing the US like health and demographics. Filmed December 8th, 2017 in Nassau, Bahamas.
Real Vision Sep 04, 2017
Investing Without a Rear View Mirror
Bill Ehrman is a veteran stock picker with decades of success. He’s a legend in the industry, having worked with luminaries like Byron Wien and George Soros and he speaks with Mike Green about the importance of a long time horizon with a strong understanding of your sectors. Packed with insight from his career, Bill explains why he’s always focused forward, without looking back on quarterly performance. Filmed on August 29, 2017, in New York.
Real Vision Apr 26, 2017
Tesla’s Biggest Bear
Mark Spiegel has been bearish on Tesla since late 2013 and his conviction on the stock has made it the biggest position in the Stanphyl Capital Management short book. Mark pulls no punches as he goes beyond the hype to pick apart Tesla’s balance sheet and new model roll out plans, as competition heats up, in an illuminating short-selling portrait. Filmed on April 12, 2017, in New York.
Real Vision Oct 24, 2016
Market Maverick Eyes ‘Everything Bubble’
Investment maverick & writer of The Felder Report, Jesse Felder shares his concerns about volatility trading and speaks candidly about Twitter wars, his investment framework, and the bubbles he's watching.
Real Vision Apr 22, 2016
Interview with John Hempton
John Hempton, Founder & CIO of Bronte Capital, explains the framework he uses to identify potential short-sale targets by looking for what he calls "bone-headed retail mistakes." John gives examples from high-profile cases such as Valeant, Gabriel Resources, Sino-Forest, and Longtop Financial Technologies and demonstrates the extra lengths the determined short-seller must go to with tales of phone calls to local labor unions, detailed comparisons of capital equipment to listed employees on the balance sheet, and the hiring of a Romanian law student to pore through Communist Party archives.
Real Vision Mar 02, 2016
Peter L. Briger, Jr. & Mick McGuire
The Chain continues as Peter Briger, Principal & Co-Chairman of the Board of Directors at Fortress Investment Group, sits down with Mick McGuire, Founder and Managing Partner at Marcato Capital Management LP. In this episode, Mick explains his idea generation stream, the types of investments his fund searches out and how he constructs a portfolio, and the risk parameters used to assess the relative value of their investments.