Style Channels

Contrarian

Risk Works in Both Directions

Michael Gayed, portfolio manager at Toroso Investments, LLC, and Darius Dale, founder and CEO of 42 Macro, discuss how risk works in both directions. The pair explore how to think differently about markets, making a case for a more nuanced understanding of the sequence vs. focusing on the ultimate goal of making money. They take a closer look at repeatable processes such as buy and hold strategies and market timing as well as lumber and gold as symptomatic indicators of markets and the wealth gap. Filmed on September 13, 2021.

Growth

Beyond Mere Valuation: Finding True Alpha in Underappreciated Megatrends

Ophir Gottlieb, CEO of Capital Market Laboratories, has a different framework than the traditional stock-picker. Rather than searching for underappreciated companies in established industries, Gottlieb finds technological megatrends that themselves are underappreciated and overlooked by institutional investors such as cloud computing, streaming, e-commerce, and Web 3.0. Gottlieb gives a deep-dive on cloud computing stocks Digital Ocean ($DOCN), a central cloud platform powered by community, and Nutanix Inc ($NTNX), a pure-play in hyper-converged infrastructure (HCI). Gottlieb discusses why he remains very bullish on streaming company Roku ($ROKU) even after its more than 1,100% rise. He argues that institutional investors can fall into “cognition traps” by ignoring secular tech trends, which gives tremendous opportunities to retail investors. Gottlieb also discusses how he puts on positions by buying stocks as well as options. Other companies discussed include PagerDuty Inc ($PD), Shopify Inc ($SHOP), NVIDIA Corporation ($NVDA), Applied Materials ($AMAT), and Jumia Technologies ($JMIA). Interviewed by Real Vision’s Jack Farley on October 6, 2021.

High Yield & Income

The New Age Of Global Macro and Merger Arbitrage

Merger arbitrage is one of the *most* lucrative yet dangerous endeavors on Wall Street. The strategy appears enticingly simple: buying the stocks of companies that are going to be acquired by other companies, with the hope of profiting when the merger closes. Yet in practice, the undertaking can present the would-be arbitrageur with disastrous losses should the deal not go through. Success in merger arbitrage hinges on ascertaining whether or not the deal will close, and in this interview, Deepak Gurnani, founder and managing partner at Versor Investments, shares his rigorous systematic merger arbitrage framework for estimating that critical probability. Gurnani also shows how to use his quantitative tools to augment and de-risk global macro investment strategies by exploiting asset return dispersion within stocks, bonds, and commodities. Interviewed by Real Vision’s Jack Farley.

Cryptos, Gold, & Hard Assets

When Music and Crypto Collide

Two complementary industries, music and crypto, are becoming more intermingled by the day. Jack Spallone, head of crypto at HIFI Labs, joins Kevin Kelly, co-founder of Delphi Digital, to provide an insider look. Hailing from the recording industry, Spallone has thought a lot about this intersection we see today with crypto. There are countless ways in which the transition to a more decentralized internet, Web 3.0, can manifest new avenues for musical artists to curate their followings and earn revenue. Spallone and Kelly dive into these various avenues—from “Label DAOs” to social token community funds. This video is another installment of Kevin Kelly’s journey into Social Tokens, DAOs, & the Ownership Economy Revolution. Filmed on September 23, 2021.

Foreign Exchange

Countdown to a Debt Crisis

Is a global systemic banking crisis looming? Emil Kalinowski, host of Eurodollar University, provides color on several countries that have tripped the financial crisis circuit. Using BIS data and his own research, Kalinowski explains why a massive deleveraging campaign in countries’ private debt sectors is needed to avoid a “Fourth Turning” era of destruction in the global economy. Despite crisis indicators arising in several highly stable and developed countries, the BIS data provides a starting point to outline the warning signs of when global household sectors and debt servicing ratios go haywire. Interviewed by Maggie Lake on October 4, 2021.

Insurance

High Conviction Assets in the Meme Age

Joe Besecker, CEO of Emerald Asset Management, joins short seller Marc Cohodes to discuss some of the hottest names in the cybersecurity space. Despite many investors catching the "meme asset" bug, the pair outline the legitimate, annuity-like value of digital token assets and several of Besecker’s high conviction long-term cyber plays. As more investors become enthralled with NFTs, Besecker predicts an imminent rise of security tokens’ value in a digitized ecosystem. Filmed on September 21, 2021.

Private Equity

When Music and Crypto Collide

Two complementary industries, music and crypto, are becoming more intermingled by the day. Jack Spallone, head of crypto at HIFI Labs, joins Kevin Kelly, co-founder of Delphi Digital, to provide an insider look. Hailing from the recording industry, Spallone has thought a lot about this intersection we see today with crypto. There are countless ways in which the transition to a more decentralized internet, Web 3.0, can manifest new avenues for musical artists to curate their followings and earn revenue. Spallone and Kelly dive into these various avenues—from “Label DAOs” to social token community funds. This video is another installment of Kevin Kelly’s journey into Social Tokens, DAOs, & the Ownership Economy Revolution. Filmed on September 23, 2021.

Short Selling

INK Ultra Money Free: Insiders of steel

Insider commitment remains strong at steelmaker Stelco Holdings (STLC). INK Research takes a look at the stock which is a member of the inflation-sensitive INK Canadian Insider Index. The Index has been a top-performer in North America this year. (See the subscriber version for the INK Canadian Insider constituents link). If you are not a member, join us today as we let the insiders guide us to opportunity.

Activist

Understanding Copper's Future in an Electrified World

Gianni Kovacevic, CEO & founder of CopperBank, shares his insights on the prospects of copper, CopperBank’s investment strategy, and the economics of the copper mining industry. Kovacevic argues that the global transition to electrification away from oil and gas will exponentially increase the demand for copper. He explains the factors that make Arizona and Nevada attractive for potential investment as well as the impact of higher copper prices on CopperBank's strategy. Kovacevic believes that the future widespread implementation of batteries is positive for copper since it is an effective interconnector. Filmed on June 23, 2021.

Energy

A long insider journey

INK Ultra Money Free: Today, we look at a name that once again made our INK Edge Top 30 Energy list. This small cap oil & gas stock is up more than 700% over the past year. Despite the rally, this Alberta junior producer still appears to have bright days ahead. Join us as we let the insiders guide us to opportunity this fall.