Macro Voices
Macro Voices
Oct 22, 2020
MacroVoices #242 Stephanie Kelton on Modern Monetary Theory
1 hr 31 min

MacroVoices Erik Townsend and Patrick Ceresna welcome Stephanie Kelton to the show to discuss how Modern Monetary Theory can enable more, not less government spending using the power of central banks to conjure new money supply out of thin air to finance government spending, without necessarily raising taxes or borrowing from foreigners.

Link: https://bit.ly/31x0ZhV

The Derivative
The Derivative
RCM Alternatives
Overheard at a Vol Conference, breaking down EQD Global 2020
One of the leading volatility trading and derivatives investing events of the year wrapped up last month and we have lots of thoughts. From new vol dispersion products to  portfolio design, tail-risk management and structural vol; if it’s been a hot topic in 2020 – Global EQD covered it. We’re joined by Jim Carroll, Senior Vice President at Toroso Advisors and John Cummings, Director of Research at RCM Alternatives. There were sessions we agreed with, opinions from some of our favorite finfluencers,  and even some sessions that straight up made us scratch our head. So what was talked about by the likes of Benn Eifert, Chris Cole, Vineer Bhansali, PIMCO, the CBOE, and more?  Take a listen and find out. Chapters: 00:00-02:45 = Intro 02:46-14:21 = Quick Takeaways that Caught Attention 14:22-29:54 = Learning 2020s Lessons / Tail Hedge Protection 29:55-35:20 = Largest Risks for 2021 / What Possible Grenades could be Coming? 35:21-59:56 = Vol Strategies in a Mad World Follow along with Jim (@vixologist) & John (@cummingsjohnb) on Twitter, and make sure to keep up with the team at EQDerivatives (@EQDerivatives) so you don’t miss their next great event. Here’s the event page over at EQD = https://eqderivatives.com/events/global-eqd-2020 And last but not least, don't forget to subscribe to The Derivative, and follow us on Twitter, or LinkedIn, and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
1 hr
Top Traders Unplugged
Top Traders Unplugged
Niels Kaastrup-Larsen
116 The Systematic Investor Series – November 29th, 2020
In today’s episode, we discuss how to effectively manage your emotional stability regardless of trading performance, the true value of Bitcoin and the various catalysts behind its price movements, the importance of being able to get back into a trade you may have recently been stopped out of, managing leverage and volatility in a portfolio, how to approach extreme anomalies in historical price data, and much more. Thanks to Gene for submitting your voicemail to the show.  If any listeners would like to leave a message, you can do so here. Check out our Global Macro series here. Learn more about the Trend Barometer here. IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels & Moritz on Twitter: @TopTradersLive & @MoritzSeibert And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Top Traders Unplugged wins award for ‘Best Trading Podcast’ and features among the ‘Top 20 Best Investing Podcasts in 2020’ by The Investors Podcast 🏆 Episode Summary 0:00 - Intro 1:33 - Macro recap from Niels 3:17 - Weekly review of returns 8:13 - Q1, via voicemail, from Gene in New Zealand: Is it ok to ignore perceived anomalies & outdated occurrences in historical data? 20:49 - Q2; Veyana: If I get whipsawed out of a trade and it sets up again immediately after, should I take the trade again? 25:26 - Q3; Terrance: How do I control the leverage of my portfolio when utilising volatility parity? 32:00 - Q4; Sebastien: How do you separate your self-worth from your net worth? 39:49 - Performance recap 41:10 - Recommended podcast listening this week: The Vinklevoss Twins on the What Bitcoin Did Podcast & Robert Breedlove on the Bitcoin Fundamentals Podcast (Investors Podcast Network) Subscribe on:
1 hr 1 min
The Contrarian Investor Podcast
The Contrarian Investor Podcast
Nathaniel E. Baker
How Bubbles and False Narratives Made Financial Markets, with Jamie Catherwood, Author of InvestorAmnesia.com
Become a premium subscriber and get this podcast a day or more before the general public! No ads or announcements either! Contrarian.Supercast.Tech   With the Dow Industrial Average hitting 30,000 on the day of this recording, revisiting historical booms and busts feels particularly timely. Jamie Catherwood, the author of InvestorAmnesia.com and a self-proclaimed financial history nerd, is a perfect guide to this discussion. We discuss booms in treasure hunting, bicycles, railroads, breweries, and of course tulips (which it turns out was greatly exaggerated. The guest debunks this). Content Segments (Spotify users can click on time stamp to link to the section directly) * What epoch in financial history is perhaps most apt in light of today's period? (3:38); * How long do these cycles typically last? (12:40); * Bubbles in transportation technology: bicycles, railroads (twice), now electrical vehicles (16:25); * "Tulip mania," often cited as the "mother of all financial bubbles" was in reality nowhere near as crazy as commonly believed (18:40 ); * What are common elements that prick bubbles? (27:08); * The role of central banks and the money supply in the bursting of bubbles (29:59); * Background on the guest (40:36); * How he started his website on financial bubble history (45:44) * Contrarian investors through history (51:59); * Epilogue: bonus content for supporters of Tottenham Hotspur only (57:05). More Information on the Guest * Website: InvestorAmnesia.com * Twitter: @InvestorAmnesia * Financial History Course (premium subscribers get 10% off the price).
1 hr 1 min
Stansberry Investor Hour
Stansberry Investor Hour
Stansberry Research
When to Buy and When to Sell
Is the 'Fed Put' a real thing? On today's opening rant, Dan reads some excerpts from a Barron's article titled, "Yes, The 'Fed Put' Really Does Exist. That Could Be Bad News for Bulls." Dan examines the facts presented and unpacks what that means for you and your money. Then during this week's interview, Dan sits down for a conversation with Keith Kaplan. Keith is a veteran software architect with over 25 years of experience and is now CEO of Tradesmith. When he's not running his business, Keith speaks frequently for large groups of investors nationwide about the psychology of investing and how our behavior is the #1 factor of investing success. During their conversation, Keith shares a personal story of how developing factor-based investing software for Tradesmith helped turned his personal financial situation around. Before, Keith was deeply in debt despite a good job and growing salary. The situation was so dire, he had to borrowed money from his children to help pay off some of his loans. Today, he's practically debt-free (outside of a mortgage) with a healthy growing nestegg. And finally, on this week's mailbag, Dan answers a flurry of questions about Bitcoin, as the world's most popular cryptocurrency nears all-time-highs... What are your thoughts on companies that pay interest on crypto? And could Bitcoin really withstand pressure from the U.S. government and Central Banks? Listen to Dan's address these concerns and more on this week's episode.
1 hr 15 min
Alpha Exchange
Alpha Exchange
Dean Curnutt
Troy Dixon, Founder and CIO, Hollis Park Partners
Cutting his teeth on the acclaimed mortgage trading desk at Salomon Brothers in the 90’s, Troy Dixon gained an early appreciation for the speed and degree to which market liquidity can turn. Now the CIO of Hollis Park Partners, a firm he founded in 2013, Troy shares the perspectives gathered in managing complex trading risk over more than two decades in markets. We talk about his time at Deutsche Bank, where he ran the RMBS trading unit, and the intense pressure to compete in the pre-crisis period for profitability in each aspect of the mortgage lifecycle. Contemplating the asset price wreckage in the aftermath of the housing crash, Troy recounts the challenges in balancing the competing interests of providing market making services for the firm’s client base while risk managing a volatile book of prop exposures. Next, we discuss Troy’s founding of Hollis Park and the path that he has sought to provide for other professionals of color in the financial industry. In thinking back on the heavy lift he undertook, Troy said, “I was naive about a lot of things, but the core thesis of it was to lay the framework for people of color to follow suit in an industry that had created a plethora of wealth for people that don’t look like me.” A firm engaged in finding value in MBS and a variety of structured products, Hollis Park capitalizes on securities that have different prepayment speeds. No conversation with a fixed income expert would be complete without an assessment of Central Banks. And on the Fed, Troy has much to say. Calling low interest rates an addictive drug, Troy sees no obvious path for the Fed to disengage from markets, expecting ongoing volatility linked to this codependency. Please enjoy this episode of the Alpha Exchange, my conversation with Troy Dixon.
46 min
Mining Stock Education
Mining Stock Education
Mining Stock Education
David McAlvany: $3000 Gold Would Not Be a Surprise Over Next 12-24 Months
David McAlvany has served as CEO of the McAlvany Financial Group since 2008. Portfolio management began with Morgan Stanley during the 2000 and 2001 tech crisis where he avoided major losses and benefited clients from the early stages of a commodity super cycle. Founding MWM in 2008 he and his team managed portfolio positions through a second period of financial compression, maintaining positive returns throughout the global financial crisis. He has over 20 years of involvement in the wealth management industry. 0:00 Introduction 0:45 What is driving the general equities higher? 4:10 How are you advising your clients to apportion their portfolios? 5:35 Gold equities 7:08 Educating clients regarding gold 8:28 Gold price commentary 10:01 Demand for precious metals compared to March-June 2020 12:40 Bitcoin versus gold 16:34 Incorporating political analysis into one’s investing approach 20:23 Commodities that have your attention? 26:34 Looking at 2020 from a historical perspective 32:22 Risk-Reward and aiming for grand slam speculations 35:02 How to follow David David’s website: https://mcalvanyica.com/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 This was not a sponsored interview. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.
41 min
The Acquirers Podcast
The Acquirers Podcast
Tobias Carlisle
Smart Money: Steve Clapham on forensic accounting for hedge funds with Tobias Carlisle on The Acquiers Podcast
Stephen Clapham, the forensic accounting expert and founder of Behind the Balance Sheet, on his new book The Smart Money Method: How to pick stocks like a hedge fund pro  Stephen Clapham runs Behind the Balance Sheet https://www.behindthebalancesheet.com/  Stephen's Twitter account: https://twitter.com/steveclapham ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I've launched a new podcast called The Acquirers Podcast. The podcast is about finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Firm: https://acquirersfunds.com/ Website: https://acquirersmultiple.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer’s Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public comp
54 min
Alpha Trader
Alpha Trader
Seeking Alpha
Investment choices of the pros - author Brian Portnoy joins Alpha Trader
This week's Alpha Trader podcast features hosts Aaron Task and Stephen Alpher talking with Brian Portnoy, the founder of Shaping Wealth, and co-editor with Josh Brown of the new book, How I Invest My Money. Prior to speaking with Portnoy, the hosts discuss an historic month for equity markets - the S&P posting its best November ever, the Dow posting its best month since 1987, and the Russell 2000 outperforming them both. They remind that while the headlines about growing Covid-19 cases, hospitalizations, and related shutdowns look grim, markets look ahead and - thanks to what appears to be outstanding news on vaccines - are pricing in a better world six-twelve months down the road. And don't forget the election. Markets really appear to be liking the prospects for divided government and - contrary to some pre-election worries - Biden's early cabinet picks show someone who is set on governing roughly from the center. How I Invest My Money explores the investment choices of 25 prominent finance players. The common theme across this spectrum of experts: There is none, says Portnoy, other than the maxim that personal finance is more personal than finance. Even in this age of quantification and robo-advisors, says Portnoy, everyone has different goals they're optimizing, meaning investment choices will remain personal. Adding it up, nearly no one's portfolio is necessarily going to fit into the perfect efficient frontier, and there's nothing wrong with that. So many folks beat themselves up over not being fully invested in the kind of bull market we've seen over the past several months, but Portnoy reminds that we tend to undervalue the optionality and freedom of holding cash. That's not just Portnoy's belief but - in a book of 25 different professionals talking about how they invest their money - the beauty of cash is a common theme. Listen to or subscribe to Alpha Trader on these podcast platforms: Apple Podcasts Spotify Google Play Stitcher Learn more about your ad choices. Visit megaphone.fm/adchoices
41 min
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