What can the past tell us about present markets, speculation, and the inflation and collapse of bubbles? The NFT craze and the prices people are paying for nothing more than mere JPEGs surely raise cries of excess. “Right now, there are a lot of questionable areas,” notes Jamie Catherwood, an expert on financial history. “But, over the long term, in 20 years, it will be like the dot-com bubble. A lot of companies were wiped out. But there are some massive companies that are still thriving today. From the ashes a couple phoenixes will arise.” Invoking Mark Twain, Alfonso Peccatiello, author of the Macro Compass newsletter, asks Catherwood, founder of Investor Amnesia and an associate at O’Shaughnessy Asset Management, if history rhymes and whether we’re in the midst of multiple manias. Catherwood offers a guided tour of the 19th century, a time when financial bubbles proliferated and “bucket shops” – glorified gambling parlors – thrived on Wall Street. Tune in for Catherwood’s response to Peccatiello’s Twain-esque question about how the past can inform investor decisions about the present. Recorded on January 13, 2022.
INK preview Jan 18 2022 Dreary days for alternative medicine stocks
For speculators who are contrarians looking for opportunity, over the past month our INK Edge rankings for cannabis and psychedelic stocks have been discouraging. But could there now be a glimmer of sun?
With countless people suffering from anxiety and depression in the wake of the COVID-19 pandemic, could psychedelic drugs be poised to become a key treatment? Christian Angermayer, founder of Apeiron Investments, Atai Life Sciences, and COMPASS Pathways, lays out his vision for the future of the psychedelics sector, in which once-taboo substances like psilocybin are administered in clinical settings on a global scale. In a discussion with JLS Fund managing partner Jeff Siegel, the billionaire gives an inside look into some of the recent ups and downs experienced by Atai and COMPASS. He also explains his view on why Atai is currently undervalued and hints at some big things to come. Recorded on January 10, 2022.
On Wednesday, the S&P 500 fell 1.9%—the worst single-day decline in 11 months and the worst start to a year since 2008. Even crypto is taking a beating. The entire country has turned its attention to the Fed, which yesterday hinted at becoming more aggressive, triggering the steep drop in stocks. The taper, rising rates, and declining balance sheets are on the agenda. Thomas Thornton, founder of Hedge Fund Telemetry, shares how he’s positioning his portfolio, given the big picture, and answers the pivotal question: Is a major regime shift on the way? Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3G4jmwD
What’s going on in Turkey, and why should we keep an eye on it? Daily Dirtnap editor Jared Dillian fills you in on what you need to know about the Turkish Lira. Nikola delivers its first EV truck, boosting its stocks by 20%, and Elon Musk is now almost done selling his Tesla shares. Dillian also shares his rules of trading for 2022, which might be riddled with choppy waters. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3srmnDv.
The Long Game of Value Investing: Your Portfolio Shouldn't Scare You
Is Costco an unheralded powerhouse? Should your portfolio bore you and not keep you up at night? In a world of rising risks and volatile cryptocurrencies, Rick Rule and Dan Ferris reflect on taking the patient approach to investing. The value investing advocates explain their approach to identifying potentially fruitful trades. Rule reflects on some of the wins, losses, and “scar tissue” he’s accumulated in nearly a half-century career. “Now I’ve got less time on earth, I’ve become much more patient,” muses Rule. Finally, Ferris gives viewers a peek inside his current portfolio. Recorded on December 13, 2021.
Fed Meeting Begins: What's Next for Stocks, Bitcoin, & Your Portfolio?
The Fed meeting begins today, and Thomas Thornton joins the Daily Briefing to discuss what that means for stocks and Bitcoin. One thing’s for sure: we can probably expect a hike in interest rates. Gold already retreated 1% today in anticipation. Meanwhile, airlines are already looking ahead to next year and expecting a bounce back in travel. American Airlines plans to hire 18,000 people to meet the expected demand. Thornton will also talk about Tesla and Elon Musk’s selling spree to reach his goal of selling 10% by the end of the year, as well as the downside of $ARKK and whether buying the dip on $SPY is foolish. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3pTvhqw
Invested in Oil and Gas? Your Assets Could Be At Risk
If you've invested in oil and gas, a global shift towards renewables has potential to endanger $1 trillion in assets. Despite currently soaring oil prices, long-term trends away from fossil fuels threaten to wipe out around $1 trillion USD in the next decade for oil and gas producers, as Mike Coffin of Carbon Tracker warns. As the costs of wind and solar power rapidly fall and countries commit toward a net-zero carbon world, companies that fail to commit capital to the transition could be in danger of having their assets devalued. “This isn’t some ESG thing,” says Coffin. “This is a core financial risk.” Interviewed by Maggie Lake on December 2, 2021.
The Supremacy Battle Begins: Virtual Reality vs. AR
Scott Galloway, professor of marketing at the NYU Stern School of Business, is rightly famous for being one of the world’s best and most outspoken thinkers on the intersection of technology and consumers. He doesn’t come at it with the irrational or unwarranted optimism of a venture capitalist, with a fresh capital allocation and hopes and dreams, but as an entrepreneur, schooled in the realities of business, and as university lecturer and professional cynic – a title he wears with pride. His read on where the big tech giants are going and how media will transform is unparalleled. Raoul and Scott dig into the Exponential Age thesis and where the opportunities lie. They both really hit their stride in their mutual passion for communities and media, and we all get to watch as they brainstorm how Web 3.0 and media will evolve. This is one hell of a conversation. Recorded on November 22, 2021.
Nov 18, 2021
Data Creation and Storage Is the New Oil in the Exponential World
Tim Davies, director of research at Holon Investments, talks to Raoul Pal about the biggest investment opportunities based on the concept of technology and the need for new forms of money, cheaper energy, and exponentially more data. “We are building a framework over the next 12 months … what we think are the necessary building blocks that will take us from Web 2.0 environment to Web 3.0,” he explains. Tim also says that the world is simply not prepared for the exponential increase in data creation and storage and how that offers opportunities for new business models. They also talk about the potential of the cryptocurrency Filecoin, cloud-based digital payment and storage system. Recorded November 16, 2021.
Analyzing the U.S.-Canadian Dollar, European Lockdowns, Tesla's Stock, & Musk's Twitter Tantrum
Dave Floyd, founder of Aspen Trading, joins Maggie Lake to talk about the U.S. dollar against the Canadian dollar, Austria’s enforcement on a lockdown on the unvaccinated, and why Boris Johnson, who until now has been resistant to more lockdowns, warns that one may soon be possible given the struggling NHS. Floyd discusses the implications of these European lockdowns on supply chains and the market. Floyd also analyzes Tesla’s stock and why Musk got into a Twitter brawl with U.S. Senator Bernie Sanders over the weekend when Bernie tweeted about the rich paying their fair share of taxes. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3ouTmD5