Hidden Forces
Hidden Forces
Jan 18, 2021
Restoring Trust in an Age of Political Polarization | Kevin Vallier
Play • 59 min

In Episode 175 of Hidden Forces, Demetri Kofinas speaks with Kevin Vallier, an Associate Professor of Philosophy at Bowling Green State University, whose interests lie primarily in political philosophy, ethics, philosophy of religion, and economics.   

In his latest book, “Trust in a Polarized Age,” Kevin draws on empirical data and liberal political philosophy to demonstrate that rising levels of political polarization can be largely attributed to a multi-decade decline in trust. If we want to reduce political polarization, argues Kevin, “we have to start by rebuilding social and political trust.” While this may seem like a tall order during a time in which Americans are less trusting than at any point since at least the 1960’s when measurements began, the situation is not hopeless. 

In this conversation we discuss the causes and consequences of declining social and political trust, the two-way relationship between trust and polarization, and what sorts of practical steps can be taken at both an individual and societal level to begin to restore faith in each other and in our political and legal institutions.  

In the overtime, Kevin and Demetri touch on a number of timely topics, including concerns about domestic terrorism and the parallels that can be drawn between the early 1990’s and today. One of the more interesting parts of the discussion deals with the “mainstreaming” so to speak, of conspiracy theory. Unlike in the early 1990’s where domestic terror groups and individuals were motivated primarily by extreme ideological beliefs, those being monitored today, some of which were involved in the attack on the US Capitol building, combine political violence with mainstream views that are shared by a significant percentage of the American people.

You can access the second part of this conversation, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application.

If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:

Subscribe on Apple Podcasts | Spotify | Stitcher | SoundCloud | YouTube | CastBox | RSS Feed

Write us a review on Apple Podcasts

Subscribe to our mailing list through the Hidden Forces Website

Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

Subscribe & Support the Podcast at https://patreon.com/hiddenforces

Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod

Follow Demetri on Twitter at @Kofinas

Episode Recorded on 01/12/2021

Real Vision: Finance, Business & The Global Economy
Real Vision: Finance, Business & The Global Economy
Real Vision Podcast Network
Iran: Investing in One of the Best-Performing Stock Markets (w/ Raoul Pal & Maciej Wojtal)
The Interview- Real Vision founder and CEO Raoul Pal welcomes back Maciej Wojtal, founder and CIO of Amtelon Capital, an investment fund devoted to Iranian equities, to discuss how he's identified a diversified economy in Iran despite decades of sanctions and geopolitical risks. His interest in Iran was sparked by the nuclear deal brokered by President Obama in 2015 where he found a stock market that had been operating for more than two decades and included nearly 600 companies with $200 million in daily liquidity. His fund gives Western investors access to fast-growing businesses with low valuations in an array of industries—from utilities and automotive to commodities and agriculture. He shares his perspective on managing volatility as well as how the U.S.-Iran relations are expected to change under a new Democratic administration, and he weighs in on trade with neighboring countries in the Middle Eastern region. Key Learnings: Despite an overall economy that has been rapidly contracting because of U.S. sanctions and weak oil prices, Iran has one of the best-performing stock markets. Iran's stock market is dominated by retail investors with foreign ones making up less than half a percent of the market cap. Wojtal looks for companies that have pure export exposure, and he has been able to find companies with exports in the region that are usually not affected by sanctions. Recorded on Jan 12, 2021. Learn more about your ad choices. Visit megaphone.fm/adchoices
53 min
The Contrarian Investor Podcast
The Contrarian Investor Podcast
Nathaniel E. Baker
Contrarian Stock Picks in Health Care, Tech, Travel
This episode is brought to you by Merk Research. Visit this link to take advantage of the offer presented on the podcast. To listen without ads or announcements, become a premium subscriber, which gets you access to a host of other benefits, including (but not limited to) the new Daily Contrarian podcast, released every market day morning around 7:00 a.m. eastern time. "Ze Contrarian," a well-known and well-followed fintwit investor (Twitter handle: @ZeContrarian7) joins the podcast to discuss his investment philosophy and provide several stock picks for listeners. A few segments of this episode contain adult language. Listener discretion is advised. Content Segments (Spotify users can click on the timestamp to link to the segment directly) * Investment philosophy and view of the markets: it's a brave new world with promoters on social media and elsewhere moving stocks (3:00); * Where are the opportunities right now? Things move quickly, but biotechnology and companies that are part of the "great reopening" are two fertile areas (9:17); * First idea: Odonate Therapeutics (NASDAQ: ODT) (15:33); * Second idea: MediWound (NASDAQ: MDWD) (18:41); * Third idea: Farfetch (NYSE: FTCH) (23:33); * Fourth idea: Hostelworld Group (PINK: HSWLF). "There's no better example for a contrarian investment than this stock." (28:17); * Brief discussion of hostels, where the host unwittingly reveals just how much of a boomer he really is (34:56); * Background on the guest (45:26) * The contrarian indicator that allowed him to get out of the market ahead of the COVID meltdown last February (50:55); * How does he find opportunities? It's all about building a network (54:37); * How to produce income? BDCs, or business development companies. Current favorite: Golub Capital (NASDAQ: GBDC) (59:32); * The coming boom in long-term travel and remote work and why it bodes well for the hotel industry (1:05:46); * The potential of Mexico (1:08:19). Additional Material * Hostelworld investment thesis via Twitter; Not intended as investment advice.
1 hr 14 min
The Derivative
The Derivative
RCM Alternatives
The VOLvengers: Wayne Himelsein (Iron Man) & Mike Green (Captain America)
We’re bringing out the cake & ice cream for this pod because it’s The Derivative’s 1 year anniversary! If you’ve been with us since the beginning – you may fondly remember our inaugural episode The Human Behind The Hedge Fund with Wayne Himelsein. So, in today’s episode, we brought back Wayne, President and Chief Investment Officer at Logica Capital Advisers, and as a special anniversary bonus – his business partner Michael Green, Chief Strategist at Logica.  We’re talking with Mike and Wayne about running a hedge fund and helping clients through the trials and tribulations of 2020, the “two star” problem, Twitter fitting into the business model, straddling volatile calls, inception of the Iron Man (Wayne) and Captain America (Mike)partnership, dynamic of the macro overlay logic, value vs momentum, staying power of the Wall Street Bets model, COVID due diligence, and failure not being part of the Logica vocabulary. Chapters: 00:00-02:25 = Intro 02:26-22:44 = One Year Anniversary! 22:45-39:35 = Value vs Momentum – when the system needs to breathe / Noise Traders 39:36-50:45 = The Tony Stark/ Captain America Dynamic  50:46-58:58 = The Two-Star Problem 58:59-01:09:05 = Hard-Hitting Tweets 01:09:06-01:21:04 = Favorites Follow along with Mike (@profplum99)and Wayne (@WayneHimelsein) on Twitter and check out the Logica Capital Advisers website. Check out our past episode with Wayne here; and our past episode with Mike here.  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 21 min
Capital Allocators
Capital Allocators
Ted Seides
Acting Chairman Rostin Behnam – CFTC Regulatory Perspectives on Crypto and Climate (Capital Allocators, EP.178)
Rostin Behnam is the Acting Chairman of the Commodities Futures Trading Commission. He was nominated and approved by the prior administration in 2017 to serve as one of five Commissioners of the CFTC and in January, accepted the role as Acting Chairman. The CFTC has a mission to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets, working towards effective price discovery and risk management in fair and transparent markets. As a part of his role, Russ sponsors the CFTC’s Market Risk Advisory Committee. Our conversation covers the history, function and process of the CFTC and the Acting Chair’s path to the seat. We then discuss his perspective on crypto assets and dive into an exhaustive policy piece published last fall by his Market Risk Advisory Committee entitled “Managing Climate Risk in the Financial System.” The document is positioned to become the leading regulatory policy manual on financial climate risk for the new administration. Our conversation took place shortly before Russ rose to Acting Chairman and before the wild market volatility in recent weeks. We touched base about his perspective, but the situation is too fluid for a public response. Acting Chairman Behnam released brief statement about the silver markets that said, “The CFTC is closely monitoring recent activity in the silver markets. The Commission is communicating with fellow regulators, the exchanges, and stakeholders to address any potential threats to the integrity of the derivatives markets for silver, and remains vigilant in surveilling these markets for fraud and manipulation.” Stay tuned, as the subject may well be fodder for another conversation down the road. _Learn More_ Subscribe: _Apple_ | _Spotify_ | _Google _ Follow Ted on twitter at _@tseides_ or _LinkedIn_ Subscribe _Monthly Mailing List _ Read the _Transcript _
1 hr 6 min
Alpha Exchange
Alpha Exchange
Dean Curnutt
Mark Friedman, Founder and CIO, DLD Asset Management
For Mark Friedman, the Founder and CIO of DLD Asset Management, the convertible bond market has always made for interesting study. Sitting at the intersection of critical asset classes, the convertible bond market requires investors to assess risk from many dimensions at once. And with valuation components derived from equity, interest rate, credit and volatility risk, converts have provided Mark with plenty to analyze over nearly 3 decades in markets. Our conversation is a retrospective on the evolution of this hybrid product – from Mark’s early days trading Asian convertibles in the mid 90’s to the high vol, crowded era of the early 2000’s, all the way to today. Along the way in our discussion, we happen upon some of the important risk events in converts that Mark has traded through. He highlights some of the ancillary risks that an investor assumes in a converts, specifically, borrow, dividends and a vol dampening take-over, and how the market has sought to address these. We also spend some time assessing the changing buyer base in converts, from a market once dominated by arbitrage accounts to one in which long only capital has become a great proportion. Lastly, we discuss portfolio construction in a world of low rates, active Central Banks and risks that originate from sources not previously contemplated. In this context, Mark shares his thoughts on tail risk hedging, recognizing both its value and cost and preferring to keep it simple using listed options. I hope you enjoy this episode of the Alpha Exchange, my conversation with Mark Friedman.
47 min
Demography Unplugged with Neil Howe
Demography Unplugged with Neil Howe
Hedgeye Risk Management
Listener Questions, The Pandemic Baby Bust, and China's Hanification
*In this latest issue of my weekly podcast, I answer listener-submitted questions.* Is multi-generational housing a long-term trend? Are we transitioning from an ‘era of logic’ to an ‘era of emotion’? Is America paralleling the decline of the Roman Empire? I go in-depth on all of these questions and more.  *China accelerates "Hanification" efforts. *Xi Jinping's cultural campaign aims to transform all non-Han cultures in China into "Han" culture. These efforts include promoting Han food, Han dress, Mandarin, and the spread of Confucius institutes. It also means the suppression of local languages and religions.    *EU set to impose new sanctions. *The EU has agreed to sanction four unnamed Russian officials involved in the persecutions of Alexei Navalny. The sanctions will include travel bans and asset freezes. The EU will formally adopt these measures in March.  *Births fall in China. *From 2019 to 2020, the number of registered newborns in China fell by 15%. The steep drop underscores the demographic headwinds facing the country, which has long struggled with a long-term birthrate decline.  *Births fall in Europe.* New numbers from Italy and France indicate that these countries are also seeing pandemic-era baby busts. Figures from December 2020 and January 2021 show that births in several major cities have declined 10% to 25%. ********** The content featured here is a small part of Hedgeye’s *Demography Unplugged*, a game-changing market intelligence product brought to you by historian, demographer and best-selling author Neil Howe. Visit us to find out more and subscribe.
1 hr 2 min
More episodes
Clear search
Close search
Google apps
Main menu