The Big Question Podcast

Tracy is an oil analyst by trade, but her independent thought and fearlessness of digging into the world of macro economics and politics makes her unconventional and special. TIMESTAMPS: 1:41 Energy - the most important sector 5:13 The basket case that is Europe 9:20 Planned crisis, pure stupidity, or both? 11:54 Shale, funding & the impact of ESG 17:16 Thoughts on base metals 25:17 Effects on food production 33:46 Inflation or deflation? 36:30 What Tracy is monitoring

Dylan Grice isn't a Golden Globe-award winning actor, nor is he a social media celebrity, he's 100 times better. He's a deep thinker who before setting up Calderwood capital was research director at Edelweiss Holdings (one of Europe's largest family offices) which came on the back of working as a Global strategist at Socgen, where together with the famous bear Albert Edwards he became known for some exceptional calls and remarkably well articulated research notes...which was how I first came to learn of him. I've wanted to have Dylan on a podcast for nearly a decade, and—even with my sky-high hopes—he absolutely over-delivered. In our conversation, we dig into investing psychology, opportunities in credit, and much, much more. Dylan was very gracious with his time, and this is one of the most enjoyable conversations I've had. Trust me—Dylan delivers the goods, and we had a blast. Enjoy! (edited)

One of the wonderful byproducts of running an investment research business is that it has attracted some of the most diverse and sharpest people I've had the pleasure of meeting. One of those gents is Chris Weber, who is the Managing Director of Global Freight Consulting. Chris has traded multiple commodities in the dry bulk space and has grown and developed both physical as well as financial trading platforms for several startups in the industry after beginning his career at Louis Dreyfus Commodities. He has held leading managerial and trading roles in the space while living and working in Asia, Africa, and Europe before recently returning to the USA. Having travelled for business as well as pleasure to over 100 countries he has a diverse group of global contacts and a passion for experiencing different cultures and economics. He has been a great source of information for me when looking at the shipping industry. I hope you enjoy our discussion.

In this episode we lift the lid on what can only be described as incorrect uranium pricing, how it's transpired and ultimately what it means for uranium pricing and all those uranium stocks you own going forward. Subscribe at https://capitalistexploits.at/ to get unfiltered investment analysis from hedge fund managers positioning for tomorrow.

In this episode of The Big Question podcast, I once again speak to our in-house mining expert here at HMS Capitalist Exploits, Jamie Keech. This time, Jamie and I talk an important topic most investors don't pay enough attention to: de-risking investments. We also delved into the geopolitics of resources, a critical topic we see influencing the global economy in the coming years. Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Capitalist Exploits mining expert Jamie Keech joins us again in The Big Question Podcast. Jamie and I talk about the major shift happening in the resource market right now, what that means for investors and their portfolios, and how you can take advantage of the number of under-the-radar opportunities in this market today. To learn more about the investing opportunities Jamie talks about in the podcast, go here: https://capitalistexploits.at/resource-pre-launch/ Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of The Big Question podcast, I talk to our in house mining expert here at HMS Capitalist Exploits, Jamie Keech. Jamie and I talk about China in particular, and what lies ahead for commodities and how investors can best capitalise on what we both believe will be a massive bull market in commodities in the coming years. Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Exclusive: Insider Special by Capitalist Exploits

In today's episode of The Big Question podcast, I speak with Deepankar Kapoor, the founder of Bitcoinwiser, a well known face in the digital advertising industry in India Deepankar and I talk about India's recent elimination of cash in the economy and the country's digital platform otherwise known as IndiaStack, an open source platform where information is a utility. Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of The Big Question podcast, I speak with Julian Brigden, the co-founder of Macro Intelligence 2 Partners and a market veteran with 25 years of experience. We discuss the state of the global bond market, Julian's views on the US dollar, what happens when central bankers get what they wanted (case in point: Europe), demographics of Japan, and much more. Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

This time, I speak with Kiyan Zandiyeh, portfolio manager for the Sturgeon Capital Iran Fund. We talk about Iran's resources (there's much more to it than just oil and gas), expanding middle class and opportunities that brings, local stocks, and much more. Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

I recently spoke with Mahdi Kazemzedeh, the founder and managing director of Afraz Advisers. Mahdi is focused on providing analytical tools and data services on the Iranian oil and gas industry. Mahdi and I talk about why Iran could be "yuuuge" for investors, the effect of the Trump election onIran, Iran's actual allies, whether Iran is just an energy play or more, why Mahdi is moving his business to Asia, and much more. Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Ahmed Tabaqchali, the CIO of AFC Iraq Fund, talks about Iraq as an investment destination. Why should investors keep Iraq on their investment radars, what to pay attention to when investing in the country, and much more. Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast I speak again to Mikael Syding, the European hedge fund manager of the decade. Mikael and I dive into the habits of a successful investor, and Mikael shares his tricks and strategies for synthesising ideas and executing on them, being efficient, studying large volumes of information, and more. We also talk markets. From Europe, European banks, and the future of the euro to why Japan might not be the first market to crack. Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Mark Yusko is CEO and CIO of Morgan Creek Capital. In this BQP episode, Mark and I discuss a wide range of topics. From OPEC, to European financials, and the US stock market to what Mark is most excited about. We also engaged in a fascinating discussion about the market which Mark really likes (and one that Kyle Bass hates). Then we also talked about a topic which Worth Wray and I have been throwing around and how this could potentially solve an important demographic issue. You can listen to the first part of the conversation here: https://capitalistexploits.at/2016/12/mark-yusko-interview-part-1/ If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Mark Yusko is CEO and CIO of Morgan Creek Capital. In this episode of the Big Question Podcast, Mark and I talk about one emerging market currency that has been smacked and treated like a failed state, the most moronic thing Mark has seen in his entire financial career, a market setup for what will assuredly be a catastrophic outcome, and the one bet that Mark is prepared to make over the next decade with anyone (and I'll gladly join him in this). If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Brent Johnson is the CIO at Santiago capital, a fund dedicated to investing in gold and gold equities. In this podcast, Brent and I discuss headwinds to gold in the short to medium term, strong dollar and what does it mean for gold, the distinction between good inflation vs. bad inflation, why NOT owning gold is simply foolish, and other juicy titbits. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Thomas Hugger is the CEO and fund manager at Asia Frontier Capital and a veteran of investing in frontier markets and Asia. Thomas and I talk about why investors should think twice before investing in India and why he's not so bullish about Sri Lanka at the moment. Thomas also discusses 2 countries he thinks have the most potential, and we also touch upon China's 'One Belt, One Road' policy and what does it mean for Asia. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

I spend a lot of time talking to investors around the world, and the majority of them agree: asset prices have never been this distorted... ever. So the question is, how do you hedge this massive risk? It's something I talk about in this special episode of the Big Question Podcast. Specifically, I discuss a strategy some of the world's sharpest investors have very successfully used in the past. And I think it's a strategy you'd do well to employ today. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

I was recently interviewed by Vesper Capital, an FX strategy fund of funds. This is the first part of the interview. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

I was recently interviewed by Vesper Capital, an FX strategy fund of funds. This is the final (third) part of the interview. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

I was recently interviewed by Vesper Capital, an FX strategy fund of funds. This is the second part of the interview. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Chris Mayer is the investment director at the Bonner family office. In this episode of the Big Question Podcast Chris and I talk about the perils of index investing, how investors today are increasingly buying stocks and treating them as bonds, why it's harder to say which sector is cheap and which isn't (and what to focus on instead), and investing in frontier markets. Chris also shared two short ideas he took away from the recent Jim Grant's conference. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Daniel Want is the CIO at Prerequisite Capital Management. In this episode of the Big Question Podcast Daniel and I talk about the collapse in collateral in the global system, how derivatives pose systemic risk, constructing investment portfolio that is both resilient AND efficient, and much more. You can listen to my first interview with Daniel here: https://soundcloud.com/big-question-podcast/bqp-031-daniel-want-on-complex-systems-and-deep-thinking If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Daniel Want is the CIO at Prerequisite Capital Management. In this episode of the Big Question Podcast Daniel and I discuss complex systems and how they really work, how central banks are actually destroying collateral (and why this is so important), indicators that might be telling us the tipping point is near, and much more. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast I speak to Erik Townsend, entrepreneur, hedge fund manager, and co-founder of Macro Voices. We discuss the global commodity cycle, China and Hong Kong real estate market, sovereign bond markets, coming US election, and global geopolitical situation where Erik believes we're potentially headed for an outright war. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast I speak to Todd Harrison, a 20-year Wall Street veteran. After a successful career on Wall Street, Todd went on to found Minnianville Media. We discuss why the FED “bought the cancer and sold the car crash”, algorithmic trader, and Todd also shares his trade of the decade which is also his current largest trading position. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

This episode of the Big Question Podcast is the second part of the discussion I recently had with to Worth Wray, the chief economist and global macro strategist at STA Wealth Management. Worth and I focus on investing for the next decade. Worth shares his thoughts on robotics, political changes underway in the West, geopolitical instability, and more. We also talk a fair bit about China and why 1 October is so important - not only for China but for the rest of the world as well. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast, I talk to Worth Wray, the chief economist and global macro strategist at STA Wealth Management. Worth and I focus on investing for the next decade. Worth shares his thoughts on where to place your capital for the next ten years, how do rising protectionism and technological advancements go together, demographics, and much more. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast, I discuss an interesting phenomenon we're seeing today: investors are compensated less and less to take more and more risk. But what does this erratic behaviour mean for you as an investor? That's a question I discuss today. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast, I talk to Tuur Demesteer, an investor and analyst with a heavy focus on Bitcoin and blockchain technology. Tuur and I discuss some of the safest ways to store your Bitcoin, qualities that Bitcoin does and does not have, how Bitcoin can help you better understand the way fiat currency works, and much more. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast, I talk to Larry Scharf, a senior vice president of investments at Raymond James. Larry has been investing in gold and gold markets for over 30 years and his insights into the gold market are most definitely worth your time. Here's just a few topics that Larry and I have covered: - Where are we likely at in the gold cycle? - Bullion vs. mining stocks - how to size your investment positions? - A little known fact about Russian and Chinese buying of gold. - How can we be so certain that "the big money" hasn't even touched mining stocks yet? - The relationship between the dollar and gold - And more... If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast, I discuss and answer some of the most pressing questions about QE and helicopter money and what do they mean for investors. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast, I speak to Raoul Pal. Raoul is a world renowned global macro investor, an investment strategist, economic historian, traveler, rum drinker, and co-founder of Real Vision TV, together with Grant Williams. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

Harris Kupperman (Kuppy) manages Praetorian Capital, a florida-based hedge fund. In this episode of the Big Question Podcast, Harris and I talk about how he traded Brexit and how you can still profit from the Brexit fallout. I also picked his brains on emerging markets and on asset he thinks is "gold on acid". And Harris shared with me a strategy he's been continuously using to trade crisis events. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast, I talk to Brent Johnson of Santiago Capital. We discuss why any sane investor should own gold and how both the dollar and gold can outperform strongly in the unfolding environment of global uncertainty, European bank failures, and a continued unwinding of the USD carry trade. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

This episode of the Big Question Podcast is a bit different. I have recorded a brief message to you about the recent events in the global financial markets (from Brexit to gold and China) and what they may mean for all of us going forward. If you enjoyed this podcast, make sure to receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this marathon episode of the Big Question Podcast I talk with Mikael Syding, European Hedge Fund Manager of the Decade. Mikael and I cover a lot of different topics in this conversation, including why the most successful sell-side brokers are also dishonest, why being uncomfortable is what every investor should strive for (plus some simple exercises you can use to train your own mindset to do this in everyday life), why the best performing European hedge fund for a decade couldn't raise a single penny from fund managers, and much more. I think you'll enjoy listening to Mikael's insights! Receive future Big Question conversations right in your inbox: capitalistexploits.at/signup/

In this episode of the Big Question Podcast, I sit down with Jared Dillian, the editor of the Daily Dirtnap and an ex-Lehman Brothers trader. Jared and I discuss bond markets and how they fit into the current global macro landscape. Among other things, Jared shared with me an interesting theory on what the US national debt policy might very well be after the election, regardless of who's in the White House. We also talked about Brexit and a potential market reaction to the upcoming referendum and much more. Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

Shriram Bhashyam is co-founder of EquityZen, a marketplace for investing in private tech companies backed by premier VCs. Shrirham and I talk about what are the changes that the RAISE Act brings, what does the Act itself for investors, and how you can invest in big startup names. Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

Jeff Annello, together with Shane Parrish, runs Farnam Street, a website dedicated to mastering the best of what other people have already figured out. Jeff and I discuss different ways to improve decision making to become a better investor or entrepreneur or to simply get closer to being the best version of yourself. For more great information on becoming a better investor and smarter entrepeneur, join our free weekly newsletter: https://capitalistexploits.at/signup/

Kim Iskyan is a seasoned emerging markets investor. He has also run a hedge fund in Russia for a number of years. As such, Kim is all too familiar with how Russia operates and the risks involved when investing in Russia. Kim and I discussed the oil and gas markets and whether now is a good time for investors to start looking at Russia again. Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

Chris Kerr is a partner and investment manager at New Crop Capital, a specialized venture capital fund focused on funding the next generation of food industry disruptors. Chris and I talk about the opportunities for innovation and large-scale disruption that lie in the massive global food industry (the meat, egg, and dairy sectors alone represent a $700 billion global market). Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

Erik Stettler is a Director at Socialatom Ventures and has been fueling global tech entrepreneurship in the Americas by backing over thirty global startups. Erik and I talked about how Erik and Socialatom are fueling global tech entrepreneurship in the Americas by bringing together highly skilled talent in Latin America and startups from the US. Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

In this episode of the Capitalist Exploits Big Question Podcast I talk to Brad McFadden, a successful hedge fund manager and investor. We discussed Europe, currencies and the current market environment. Brad also shared with me his strategy to profit from the large scale pessimism in European stocks today. Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

Kent Langley is a hands-on leader and technology visionary with extensive startup experience. He is also sought after speaker, teacher, mentor and advisor on all things technical, data and exponential. In this episode of The Big Question Podcast, Kent and I talk about some of the most important technology trends that are shaping the future, and companies and industries that will benefit from them, so you can pay closer attention to them as an investor. Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

Paul Rosenberg is not only a founder of Cryptohippie but also an adventure capitalist and a man who knows a lot about a lot of things - from philosophy, theology, history, psychology and physics. Paul and I talked about how the massive shift from centralization to decentralization that is currently underway affects all of us, and what investment opportunities does that bring along with it. Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

Grant Williams is a co-founder of Real Vision TV and author of the widely-read financial newsletter 'Things That Make You Go Hmmm.....'. In this episode of the Capitalist Exploits Big Question Podcast. We discuss investment opportunities that thrive in turbulent markets - from real estate to gold and anything in between. Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

Stabilitas is a disruptive tech company founded by military veterans to help organizations and individuals better see and respond to security risk. Receive future Big Question conversations right in your inbox: https://capitalistexploits.at/signup/

Hector Quintana, the CEO of Zen Global, is a seasoned real estate investor with over 30 years of experience in over 40 markets around the world. In this episode of the Seraph Podcast he talks about why he finds Colombian real estate market attractive and what opportunities he finds most interesting there.

David Steckenreiter of Steckenreiter Serna and Associates has been living in different Colombian cities the last decade. In this episode of the Seraph Podcast he talks about Colombia as a lifestyle and investment destination.