Podcasts about horizon kinetics

James Davolos is a Portfolio Manager at Horizon Kinetics. In this conversation, we discuss oil & gas coming together with bitcoin mining & AI data centers, what is going on down in Texas, how the companies work, impact on artificial intelligence, bitcoin mining, data centers, and where the world is headed. ======================= Wondering where to go for financial advice? Domain Money makes financial planning simple. No hidden fees and no sales pitches - you get a personalized roadmap to your goals, from dream vacations to retirement. Flat-fee advisors create a plan tailored to you, with zero pressure to invest. Don't be like most people who've never had a real conversation about their financial plan. Book a free strategy session today at ⁠https://www.domainmoney.com/pomp⁠ While I'm not a Domain Money client and they are paying me, I've seen first hand the value of their service through the free plan they did for one of my brothers. Yes, I might have an interest in promoting Domain Money, so just like any major financial decision, it's important you understand what the service is and if it's right for you so make sure to see important disclaimer at ⁠https://www.domainmoney.com/t/legal⁠ ======================= CrossFi is the Apple Pay for Crypto. For the first time in history, anyone with a web 3 wallet like Metamask can spend crypto through a physical or virtual visa cards anywhere in the world where Visa is accepted. Be one of the first to get your hands on a CrossFi card and a prize pool of $3 Million Dollars by joining and participating in their testnet today: ⁠https://xfi.foundation/users⁠ ======================= BetOnline.ag is a proud sponsor of the the Pomp Podcast. Use crypto to bet on sports, play poker and enjoy casino games at BetOnline. Visit ⁠⁠⁠⁠https://promotions.betonline.ag/pomp⁠⁠⁠⁠ and use promo code POMP100 to receive a 100% matching bonus on any crypto deposit. BetOnline boasts no crypto transaction fees, and processing is anonymous, instantaneous and secure. ======================= Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/ ======================= View 10k+ open startup jobs: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://dreamstartupjob.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Enroll in my Crypto Academy: https://www.thecryptoacademy.io/

In the latest episode of The Super Terrific Happy Hour, Steph and Grant are joined by an all-star panel of guests to discuss the macro environment as it pertains to inflation and how each of them is using their vast experience to position themselves correctly for the way they see the inflationary pulse playing out. James Davolos of Horizon Kinetics, Adam Rozencwajg of Goehring & Rozencwajg and Dave Iben of Kopernik Global Investors join forces to offer a series of hugely enlightening perspectives about where the world finds itself, how we got here and, importantly, not only where we're headed, but what to do about it. Super? Yep. Terrific? Absolutely. Happy? You will be. Come and join us. Every episode of the Grant Williams podcast, including This Week In Doom, The End Game, The Super Terrific Happy Hour, The Narrative Game, Kaos Theory and Shifts Happen, is available to Copper, Silver and Gold Tier subscribers at my website www.Grant-Williams.com.  Copper Tier subscribers get access to all podcasts, while members of the Silver Tier get both the podcasts and my monthly newsletter, Things That Make You Go Hmmm… Gold Tier subscribers have access to my new series of in-depth video conversations, About Time.

Get Opto's best content every day by subscribing to our FREE Newsletter: www.cmcmarkets.com/en/opto/newsletterToday, we have the pleasure of welcoming Michael Venuto, CIO and Co-Founder of the Tidal Financial Group & Portfolio Manager of the Amplify Transformational Data Sharing ETF [BLOK], back to the show.  In this episode, Michael explores the potential impact of the 2024 Bitcoin halving on the cryptocurrency market, sharing insights on whether it will spark the next bull run or fall short of expectations. Michael also discusses why he thinks bitcoin stands as a hedge against hyperinflation, the potential impact of Coinbase's custodianship of BlackRock's spot bitcoin ETF, and the powerful intersection between blockchain and AI. Wrapping up, Micheal addresses the correlation between Bitcoin's price and crypto miners, explaining why he views them as ‘a leveraged play.' Michael mentions companies like MicroStrategy, Marathon Digital, and Riot Platforms, highlighting the distinguishing factors that set the top miners apart from the competition.Before Tidal, Michael was Head of Investments at Global X, providing portfolio optimisation services to institutional clients. Before that, Michael was Senior Vice President at Horizon Kinetics, a New York-based investment adviser. Enjoy!Listen to our previous episode featuring Michael:Apple PodcastsSpotify------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

Hey guys! This episode, we have James Davolos, from Horizon Kinetics, as a returning guest, sharing valuable insights on various topics. James discusses the nature of sticky inflation and the distinction between structural and cyclical inflation. He also dives into the royalty business model in the precious metals industry, exploring its history and the concept of streaming agreements. James provides insights on exiting a royalty business and emphasizes the importance of conducting due diligence on high-quality royalty companies. [0:00] Inflation is going to be sticky [6:00] Structural vs Cyclical Inflation [12:00] Royalty Business Model in Precious Metals [15:00] History of the Royalty Business Model [20:00] Streaming Agreements [28:00] Getting out of a Royalty Business [33:00] Due Diligence on a High Quality Royalty Company [46:00] The worst time to be in a Royalty Business [1:02:00] More from James and Closing Questions If you like what you heard, find out more about Horizon Kinetics here. Finally, thanks to the following sponsors for making the podcast a reality! Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns to support MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. I highly recommend the site for those looking to start a stock-picking fund or learn how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more! Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, all from those who know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR daily in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. --- Support this podcast: https://podcasters.spotify.com/pod/show/valuehive/support

Get Opto's best content every day by subscribing to our FREE Newsletter: www.cmcmarkets.com/en/opto/newsletterToday, we sit down with Michael Venuto, CIO and Co-Founder of the Tidal Financial Group, Portfolio Manager of the Amplify Transformational Data Sharing ETF [BLOK], and an expert in blockchain and cryptocurrency investments.Michael explores the challenges and opportunities in cryptocurrencies and blockchain applications and how they can potentially enhance the financial sector, particularly in mitigating moments of chaos such as banking crises. He delves into the industry's current state, discussing how regulatory inaction on Bitcoin has hindered innovation and created setbacks, triggering the need for greater clarity. Michael also shares why Bitcoin miners are starting to emerge from a long crypto winter that saw major bankruptcies and fire sales, exploring the potential macro risks that lie ahead and the interplay between inflation, interest rates, and Bitcoin as a hedge.Before Tidal, Michael was Head of Investments at Global X, providing portfolio optimisation services to institutional clients. Before that, Michael was Senior Vice President at Horizon Kinetics, a New York-based investment adviser. Enjoy!Listen to our previous episode featuring Michael Venuto: https://podcasts.apple.com/gb/podcast/136-michael-venuto-redefining-esg-thematic-funds-the/id1504694129?i=1000581766221Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

On today's episode of On The Margin, we sit down with James Davolos Portfolio manager at Horizon Kinetics and Sholom Jacobs CEO and founder of Jacobs Real Estate Advisors for a discussion on commercial real estate and it's impact on the continued turmoil in the banking sector. With 70% of commercial real estate loans being supplied by small sized regional banks, how will low occupancy levels, higher interest rates and deposit flight to global systemically important banks (G-SIBs) impact the almost $20 trillion commercial real estate market? Is the collapse of SVB enough to cause a cascading "crisis of confidence" across the sector? To hear all this and more, you'll have to tune in! -- Follow Horizon Kinetics: https://twitter.com/HorizonKinetics Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ — Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ — Use code MARGIN10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 — Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

All eyes are on tomorrow's jobs report as stocks struggle to hold their footing into the weekend. Maggie Lake is joined by James Davolos, portfolio manager at Horizon Kinetics, to discuss whether investors should continue allocating with another inflation wave in mind. Are the inflation winners still working, or is it time to look elsewhere? Plus, we hear from Alex Gurevich on why he remains steadfast in his view that deflation is on the way. Check out the entire How to Unf*ck Your Future series here: https://rvtv.io/3yfCpBR and find more of James' work here: https://horizonkinetics.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week, Mike & Mark are joined by James Davolos Portfolio manager at Horizon Kinetics for a debate on all things inflation. At the end of the day, will team transitory will be proven right into 2023? After hearing last weeks episode, James reached out to engage in a friendly debate with Mark as he has a slightly different view on the inflation dynamics into 2023. We then move on to the mounting pressures in housing as KKR, Blackstone & Starwood limit withdrawals to their REIT products. Mark reflects on the 2007/08 period and what similarities, if any, we can make today in 2023. To hear all this and more, you'll have to tune in! -- Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Mark: https://twitter.com/MarkYusko Follow Horizon Kinetics: https://twitter.com/HorizonKinetics Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ -- This episode is sponsored by Curve. Curve is unlike any other credit card. It gives you the power to connect multiple credit and debit cards into one, convert your cashback into crypto rewards, Go Back in Time ®, create Smart Rules, and more. Apply now through https://link.curve.com/blockworks_on_... , you'll earn $20 in Curve Cash after your first transaction. So sign up today! Terms and conditions apply. -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Der DAX hat Pause, AT&T hat Kunden und K+S hat keine News, aber trotzdem Rückenwind. Außerdem hat Mercedes-Benz Lust auf Lithium und Snap weiterhin heftige Probleme. Gerade mal sieben von mehr als 1.400 aktiven Fonds in den USA haben dieses Jahr Kohle gemacht. Der erfolgreichste unter ihnen? Ein Fonds von Horizon Kinetics. Sein Geheimnis? Texas Pacific Land (WKN: A2QL4H). Nach GameStop kommt Games Workshop (WKN: 900512)? Aktuell ist das britische Brettspiel-Business zwar rund 35% im Minus. 150% Wachstum, Suchtgefahr und die Aussicht auf ein Geldregen im Weihnachtsgeschäft könnten das aber bald ändern. Diesen Podcast der Podstars GmbH (Florian Adomeit) vom 21.10.2022, 3:00 Uhr stellt Dir die Trade Republic Bank GmbH zur Verfügung. Die Trade Republic Bank GmbH wird von der Bundesanstalt für Finanzaufsicht beaufsichtigt.

Get Opto's best content every day, by subscribing to our FREE Newsletter: www.cmcmarkets.com/en/opto/newsletterMichael Venuto is CIO and Co-Founder of the Tidal Financial Group, responsible for Toroso Investments and ETF Think Tank. As a self-confessed ETF nerd, with over a decade's experience designing and implementing ETF-based investment strategies, in 2014, Michael was selected as an ETF.COM All-Star, and is regularly quoted in leading publications including Reuters and Barron's.Prior to Tidal Michael was Head of Investments at Global X, where he provided portfolio optimisation services to institutional clients. Before that, Michael was Senior Vice President at Horizon Kinetics, a New York-based investment adviser.We discuss Michael's ETF Industry Index, which measures and monitors the performance of publicly traded companies that derive revenue from the ETF ecosystem. After that, we dig into record thematic inflows, and which themes deserve our attention. We finish the interview by dissecting the ESG classification system – Enjoy!Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

Peter Doyle is the Co-Founder and MD of Horizon Kinetics. In this interview, we discuss investment in an economic climate marked by accelerating inflation, a debt crisis, an energy crisis, war and the potential for Bitcoin to upend the monetary system. - - - - The world's economic leaders are publicly admitting that inflation is not the transitory phenomenon they were claiming it to be only a few months ago. Some observers think that behind closed doors they never really believed inflation would pass; given the extreme levels of debt, rising inflation makes sense as an unofficial government policy. Irrespective, inflation has to be controlled. But taming inflation is a delicate balancing act. The trick is to achieve a ‘soft landing': reducing inflation without triggering a recession. This proved impossible during the 1970s and early 1980s when inflation last ravaged the US economy. The dilemma is the current economic and fiscal environment is much worse than during the 1970s. Interest rates have been at unprecedented low levels for over a decade. These have enabled governments to take on increasingly precarious levels of debt to shore up economies during pandemic lockdowns. Even modest interest rate rises risk triggering both sovereign default and recession. Whilst reducing the size of the state is problematic given its oversized share of GDP. At the same time, there is a limit to what governments can do to control inflation. The conflict between Russia and Ukraine has resulted in a spike in energy prices. However, energy costs were already rising due to decades of underinvestment influenced by ESG mandates. This is a systemic issue affecting global markets. The expectation is for a prolonged period of inflation. Investments need to now consider an environment where “cash is trash”. However, what is becoming increasingly clear is that investment managers are seeking more than just inflation-beating returns. In the face of possible scenarios where inflation can't be controlled, Bitcoin is becoming part of portfolios designed to protect wealth.

“You could see how inflation could spin out of control under certain environments. Now, I'm not saying that's going to happen, it's not going to happen probably in the next several weeks. But it doesn't take a lot, where the numbers that we saw that we've experienced in the recent past, would basically look like nothing compared to what we experience in the future.”— Peter DoylePeter Doyle is the Co-Founder and MD of Horizon Kinetics. In this interview, we discuss investment in an economic climate marked by accelerating inflation, a debt crisis, an energy crisis, war and the potential for Bitcoin to upend the monetary system. - - - - The world's economic leaders are publicly admitting that inflation is not the transitory phenomenon they were claiming it to be only a few months ago. Some observers think that behind closed doors they never really believed inflation would pass; given the extreme levels of debt, rising inflation makes sense as an unofficial government policy.Irrespective, inflation has to be controlled. But taming inflation is a delicate balancing act. The trick is to achieve a ‘soft landing': reducing inflation without triggering a recession. This proved impossible during the 1970s and early 1980s when inflation last ravaged the US economy. The dilemma is the current economic and fiscal environment is much worse than during the 1970s. Interest rates have been at unprecedented low levels for over a decade. These have enabled governments to take on increasingly precarious levels of debt to shore up economies during pandemic lockdowns. Even modest interest rate rises risk triggering both sovereign default and recession. Whilst reducing the size of the state is problematic given its oversized share of GDP.At the same time, there is a limit to what governments can do to control inflation. The conflict between Russia and Ukraine has resulted in a spike in energy prices. However, energy costs were already rising due to decades of underinvestment influenced by ESG mandates. This is a systemic issue affecting global markets. The expectation is for a prolonged period of inflation.Investments need to now consider an environment where “cash is trash”. However, what is becoming increasingly clear is that investment managers are seeking more than just inflation-beating returns. In the face of possible scenarios where inflation can't be controlled, Bitcoin is becoming part of portfolios designed to protect wealth. This episode's sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesBitcasino - The Future of Gaming is hereCasa - The leading provider of Bitcoin multisig key security.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingCake Wallet - Open-source privacy focused Bitcoin walletBCB Group - Global digital financial Services-----WBD514 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

Horizon Kinetics is one of the mutual funds that follow the value investing strategy.  In this episode, we invited one of its Co-Portfolio Managers James Davolos.  James first explained how he entered value investing: everyone can read a list and see what the cheapest stock price is.  But why it's cheap, and how does that apply to your portfolio?  That's the million-dollar question.  James then talked about inflation, and how to invest in inflationary periods.  Dan asked James about the downside of passive investing (aka indexing), and James said it so well: the problem with indexing is that for the past decade, millions, if not billions of dollars got thrown into the same pot.  Using the S&P 500 as an example: Apple, Microsoft, Amazon, Meta, and Alphabet constitute 23% of the index, and the tech sector overall was 29% of the index by the end of 2021.  And yet, energy, one of the most important things in our daily life – especially during inflationary periods – only constitute less than 5% of the index.  James also discussed crypto, and Kinetics's largest investment: Texas Pacific Land (TPL), and why it's a great investment during inflation.  Overall, if you are interested in investing, and want to learn more about value investing, you will enjoy this episode.

Peter Doyle is a Co-Founder and Managing Partner at Horizon Kinetics. In this conversation, we discuss Fed policy, Bitcoin and how Peter and his team find disruptive market opportunities. ======================= BlockFi provides financial products for crypto investors. Those products include BlockFi Wallet, no fee Trading, crypto collateralized Loans and the World's First Crypto Rewards Credit Card. To get $75 back on the first swipe of your BlockFi Rewards Credit Card, sign up today at http://www.blockfi.com/Pompcc ======================= Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp ======================= Imagine coinmarketcap - decentralized. 3X in valuation is 15 billion dollars from the current price. Cryptotoday.com starts at zero, at fair launch on 7th of March. No VC. No pre-sale. Team tokens locked.  For the people, by the people. For decentralized crypto. Visit http://cryptotoday.com and read the whitepaper for the details. =======================

CNBC's Bob Pisani spoke with Dave Mazza, Head of product at Direxion, Jim Davalos, Research analyst and portfolio manager at Horizon Kinetics and Ben Johnson, Director of global ETF research for Morningstar. Last week was a wild one not only for the U.S. but also Russian stocks...between individual names and ETFs getting halted by exchanges and major providers like MSCI, FTSE Russell and S&P removing listings from their indexes - that's sparking a lot of debate about what qualifies as "uninvestable" right now. In the 'markets 102' portion of the podcast, Bob continues the conversation with Ben Johnson from Morningstar on lasting damage to ETF investing.

Horizon Kinetics, 4th Quarter 2021 Letter by Jerome Powell Companies discussed: $REIT $CPI $KO $MSFT $FCX $AAPL $JNJ $PG The Capital Literature Podcast brings you investment letters in audio. Capital Literature is a Sebids Capital service for the investment community. Follow @sebidscap and @CapitalLit on Twitter and become part of our community. Disclaimer: This podcast is for informational and educational purposes only and should not be relied upon as a basis for investment decisions. All rights belong to the respective owners.

*This Real Conversation originally aired as a webcast live on Hedgeye.com on February 10, 2022*We hosted a new Real Conversation between two of Wall Street's best macro minds; Hedgeye Founder & CEO Keith McCullough and James Davolos, Portfolio Manager of the Horizon Kinetics Inflation Beneficiaries ETF (INFL). Their conversation was LIVE on HedgeyeTV on Thursday, February 10, 2022You can either listen to "intellectual" inflation debates on Mainstream Financial Media, or you can learn from two pros on where inflation is headed based on the data, and how to risk manage your portfolio with proper (and actionable) investment strategies.They'll discuss how Fed policy and inflation base effects will converge in a deep #Quad4 in Q2 of 2022, whether inflation will stay sticky-high for longer than expected or roll over hard, how to invest in a variety of inflationary outcomes, and more.Watch Real Conversations LIVE and get other great video investing content here

Today we welcome back James Davolos onto the show, a portfolio manager at Horizon Kinetics. James joined the firm way back in 2005 and now manages both the Inflation Beneficiaries ETF (INFL) and the Internet Fund. The Inflation Beneficiaries ETF has had great success to date after launching in January last year with over $855 million in AUM and being 26% up last year. In this interview, we dig into the inflation narrative discussing how much leeway the fed has to raise rates, what would be the consequences of persistently higher inflation and why we should all be looking at capital-light business models.Enjoyhorizonkinetics.com@HorizonKineticsThanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

The rise of indexation has given many investors a cheap and straightforward way to access the stock market. But now that over half of all investing dollars are allocated to passive strategies, is the dominance of passive investing creating market distortions in ways that meaningfully alter share prices? Steven Bregman, president and co-founder of Horizon Kinetics, has been tracking the consequences of passive indexation's rapid rise, and on this sixteenth episode of Forward Guidance, he shares with viewers his findings. Bregman explains key factors such as the crowding-out effect and hidden illiquidity that can explain the drastic outperformance of equity giants such as Apple, Microsoft, and other mega-cap stocks ($NVDA, $TSLA, $FB, etc.) that now comprise nearly half of the S&P 500.Bregman argues that the S&P 500 in 2021 is no longer a “diversified” basket of stocks as it was 30 years ago, because so many out-of-favor stocks such as oil drillers, gold miners, and other businesses that benefit from bouts of inflation (such as the one right now) have been “crowded-out” of the index. At the end of this nearly two-hour masterclass in passive investing, Bregman reveals a formula that he argues is guaranteed to beat the S&P 500: “select for the smart penny. ”Horizon Kinetics' website: https://horizonkinetics.com/ Jack's prior interview with James Davolos, Portfolio Manager of the Horizon Kinetics Inflation Beneficiaries ETF ($INFL): https://www.youtube.com/watch?v=3bVpJ58FhFc About $INFL: https://horizonkinetics.com/products/etf/infl/ Horizon Kinetics' Twitter handle: @HorizonKinetics Jack Farley's Twitter handle: @JackFarley96

CNBC's Bob Pisani spoke with Anna Paglia, Global Head of ETFs and Indexed Strategies at Invesco, Dave Nadig, Director of ETF Research at ETF Trends, and James Davolos of Horizon Kinetics. They discussed how ETF investors can hope to play the rising tide of inflation, whether it be through key sectors, commodities or bonds, along with the never-ending crypto conundrum. What was behind the SEC's rejection of the latest pure-play bitcoin ETF proposal? And is the crypto community any more optimistic about 2022? In the ‘Markets 102' portion of the podcast, Bob continues the conversation with Dave Nadig from ETF Trends.

Horizon Kinetics, 3rd Quarter 2021. Companies discussed: $LNG $TPL $PBT $CVX $GBTC $MSB $DRR.AX $BITO $HIVE The Capital Literature Podcast brings you investment letters in audio. Capital Literature is a Sebids Capital service for the investment community. Follow @sebidscap and @CapitalLit on Twitter and become part of our community. Disclaimer: This podcast is for informational and educational purposes only and should not be relied upon as a basis for investment decisions. All rights belong to the respective owners.

Horizon Kinetics, 2nd Quarter 2021. The Capital Literature Podcast brings you investment letters in audio. Capital Literature is a Sebids Capital service for the investment community. Follow @sebidscap and @CapitalLit on Twitter and become part of our community. Disclaimer: This podcast is for informational and educational purposes only and should not be relied upon as a basis for investment decisions. All rights belong to the respective owners.

XRP price pumps as Ripple announces it's On-Demand Liquidity (ODL) is now live in Japan and Philippines with SBI Remit, Coins. ph, and SBI VC Trade.$7 billion investment firm Horizon Kinetics reveals Bitcoin now represents 10% of one of its top-performing equity funds. Adam Traidman Interview - https://youtu.be/rgchERioohEHester Pierce Interview - https://youtu.be/_qihfMbIk_gBrad Garlinghouse Interview - https://youtu.be/dPe499jDQ4EDavid Schwartz Interview (June) - https://youtu.be/QewtMvmolcwDavid Schwartz Interview (March) - https://youtu.be/MYKfXOA7f0k

Today's blockchain and cryptocurrency news Brought to you by ungrocery.com Horizon Kinetics Investment Firm Recommends Crypto Robinhood Working Goldman Says "Ethereum"

ETF Trends CEO Tom Lydon discussed the Horizon Kinetics Inflation Beneficiaries ETF (INFL) on this week's “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. INFL is an actively managed ETF that seeks long-term growth of capital in real (inflation-adjusted) terms. It seeks to achieve its investment objective by investing primarily in domestic and foreign equity securities of companies that are expected to benefit, either directly or indirectly, from rising prices of real assets (i.e., assets whose value is mainly derived from physical properties such as commodities) such as those whose revenues are expected to increase with inflation without corresponding increases in expenses.

CNBC's Bob Pisani spoke with James Davolos, Portfolio Manager and Research Analyst at Horizon Kinetics – along with Tom Lydon, CEO of ETF Trends. They discussed today's sharp sell-off on Wall Street as Covid fears flare up again despite a number of relaxed restrictions all across the globe. Plus, a hot new inflation fund that's poised to benefit from higher inflation. In the ‘Markets 102' portion of the podcast, Bob continues the conversation with Tom Lydon from ETF Trends.

Real Vision Live Replay: The risk of inflation is clearly one of the top market narratives for 2021, and many investors are buying in. But how do you actually build a portfolio to benefit from inflation? Whether it's energy, real estate, precious metals, or soft commodities, everyone seems to have a different answer. James Davolos, portfolio manager and research analysts at Horizon Kinetics, is responsible for doing just that, in their fund $INFL. In this interview with Ed Harrison, he explains his framework for building a diversified portfolio that benefits from inflation. Davolos also explains what inflation means to him and how he measures it, as everyone seems to have a different definition of what inflation actually is and how best to measure it. Learn more about your ad choices. Visit megaphone.fm/adchoices

Murray is the CEO and Chairman of Horizon Kinetics, a financial investment and research firm with billions of dollars under management. Murray is a human encyclopedia, author, and was an early investor in bitcoin, investing more than $700,000 in bitcoin in 2015. In this episode, you will learn about multiple economic theories, cryptocurrency, and individuals through history who have found intriguing ways to financial prosperity.

**This originally aired as a video webcast on Hedgeye.com on June 9, 2021**Throughout June, Hedgeye CEO Keith McCullough is hosting a special Real Conversations series with four leading market strategists: Inflation Tsunami: Investing During A Rising Inflationary Tide. In this edition, Keith is joined by James Davolos, Portfolio Manager at Horizon Kinetics.For access to the rest of our special "Inflation Tsunami" interviews, click here.

This week I'm thrilled to be joined by Utako Kojima and Aya Weissman. Both women work at Horizon Kinetics and help run the Japan Special Opportunity Strategy. Aya is a Co-Portfolio Manager and Director of Asia Strategy at Horizon. With over 30 years of investment experience, Aya was previously a founder and Chief Investment Officer of AS Hirota Capital Management, LLC. Prior to that, her experiences included acting as a portfolio manager specializing in Japanese securities for Kingdon Capital Management, LLC, a New York–based hedge fund; two years as a partner and Portfolio Manager of Feirstein Hirota Japan Partners, a Japanese long/short hedge fund; and 12 years at Salomon Smith Barney Asset Management, as a Managing Director and Senior Portfolio manager in the US value equity group where she was a founding member of the large cap value equity group, with responsibility for approximately $2 billion in assets Utako joined the Firm in 2010 as a Portfolio Analyst, primarily focusing on the Firm's Asia Strategy. Prior to this, Utako was an equity analyst at AS Hirota Capital Management, LLC. Her experience includes consulting in the Valuation Division at Shin-Nihon Ernst & Young Transaction Advisory Services, Tokyo, Japan. Aya and Utako join the podcast to discuss a unique investment opportunity in Japan called the Parent-Subsidiary Relationship. In short, there's tremendous alpha to be had investing in smaller subsidiaries of larger companies at the point of inflection when the larger company buys back its smaller subsidiary. The near hour-long conversation dives deep into the strategy, how they filter the 3,800 Japanese equity universe, The Mother's Index, and the changing cultural dynamics in Japanese business.

Let’s talk about the 4.2% elephant in the room, that’s right! This week is all about inflation and luckily we had the privilege to talk to James Davolos, Portfolio Manager at Horizon Kinetics, to help us understand inflation at a deep level. We talked about what is the CPI and how it is measured, the effect that inflation has on risk assets, what is duration on risk assets, how not to hedge against inflation, but most importantly he shared how we can effectively hedge against inflation by investing in companies that are Direct Beneficiaries, Indirect Beneficiaries or Opportunistic Beneficiaries of Inflation, which are exactly the types of companies that you can find on Horizon Kinetics’ Inflation Beneficiary ETF ($INFL). This episode is brought to you by BullpenCareers.com. BullpenCareers.com is a job board exclusively for finance jobs. If you or someone you know is looking for a job in finance, check out BullpenCareers.com today! [0:00] Who is James Davolos? [3:44] What is the CPI and How is it Measured? [8:15] Fiat Currencies Always Go to Zero [10:30] Modern Monetary Theory [14:20] What Inflation Means to Risk Assets [15:00] What is Duration on a Risk Assets? [20:00] The Inflationary Beneficiary ETF [21:00] What are Hard Assets? [23:00] Direct Beneficiaries, Indirect Beneficiaries, Opportunistic Beneficiaries of Inflation [32:00] TIPS: The Biggest Misconception Regarding Inflation Hedging. [35:00] Cryptocurrency [37:00] Western Ideology vs Eastern Ideology for Gold [40:00] Texas Pacific Land Corp ($TPL ) [42:00] Exchanges The Ultimate Indirect Beneficiaries of Inflation: London Stock Exchange ($LSEG), Honk Kong Stock Exchange ($388), Singapore Exchange ($SGXR) [50:00] How not to Hedge Against Inflation [53:00] Closing Questions and More from James Davolos If you want to learn more about Horizon Kinetics, check them out on Twitter and their website.

James Davolos is a Portfolio Manager and Research Analyst at Horizon Kinetics. The New York-based asset manager and investment advisory firm manage over $4.5bn, an established industry presence for more than 25 years.James is the co-portfolio manager of the firm's new Inflation Beneficiaries ETF (INFL) and manages Horizon's Internet Fund, as well as several private and institutional accounts. Having started on Horizon's trading desk in 2005, James quickly progressed to begin his tenure on the investment team by December 2006.We discuss what sets Horizon's value, contrarian-oriented approach apart; James explains Predictive Attributes and how they give Horizon their edge; and finally, James takes me through the firm's unique INFL ETF, up nearly 19% since inception in January – enjoy the interview!Visit the Horizon page for more info on their INFL ETF:https://horizonkinetics.com/products/etf/infl...Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter

Horizon Kinetics, 1st Quarter 2021. Letter by the Horizon Kinetics Team. Companies discussed: $TPL The Capital Literature Podcast brings you investment letters in audio. Capital Literature is a Sebids Capital service for the Investment Community. Follow @sebidscap and @CapitalLit on Twitter and become part of our community. Disclaimer: This podcast is for informational and educational purposes only and should not be relied upon as a basis for investment decisions. All rights belong to the respective owners.

Location: Remotely Date: Wednesday 21st April Company: Horizon Kinetics Role: Co-Founder & MD Value investing is a simple but highly effective strategy used by some of the world's most renowned traders, most notably Warren Buffet. These investors hunt out stocks that they believe to be trading below their true value. The theory is that the market overestimates both good and bad news, which means stock or asset prices can swing wildly askew of their actual value, and they then look to capitalise on this by buying cheap and holding for the long term. It is easy to argue that Bitcoin fits perfectly into this category. If you believe that Bitcoin has the potential to become the world's premier store of value and absorb a large portion of gold's market cap, then at a $1trillion market cap, bitcoin seems massively undervalued. However, many value investors, including Buffet, refuse to accept Bitcoin. Peter Doyle is a value investor who believes that bitcoin has a crucial role in our future. Not only just as a store of value and a hedge against inflation but also as a way of removing monetary policy decisions from the central bankers and politicians. In this interview, I talk to Peter Doyle, the Co-Founder and MD of Horizon Kinetics. We discuss the risks of high inflation, value investing in the current macro environment and why the world needs Bitcoin.

“There’s not many asset classes that could save you the way that bitcoin can, and I think people are just lazy and they’re not paying attention to what’s happening.”— Peter DoyleLocation: RemotelyDate: Wednesday 21st AprilCompany: Horizon KineticsRole: Co-Founder & MDValue investing is a simple but highly effective strategy used by some of the world's most renowned traders, most notably Warren Buffet. These investors hunt out stocks that they believe to be trading below their true value. The theory is that the market overestimates both good and bad news, which means stock or asset prices can swing wildly askew of their actual value, and they then look to capitalise on this by buying cheap and holding for the long term.It is easy to argue that Bitcoin fits perfectly into this category. If you believe that Bitcoin has the potential to become the world's premier store of value and absorb a large portion of gold's market cap, then at a $1trillion market cap, bitcoin seems massively undervalued. However, many value investors, including Buffet, refuse to accept Bitcoin.Peter Doyle is a value investor who believes that bitcoin has a crucial role in our future. Not only just as a store of value and a hedge against inflation but also as a way of removing monetary policy decisions from the central bankers and politicians.In this interview, I talk to Peter Doyle, the Co-Founder and MD of Horizon Kinetics. We discuss the risks of high inflation, value investing in the current macro environment and why the world needs Bitcoin.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet-----WBD345 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.