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Jonathan Tepper is the CIO of Prevatt Capital, a $450 million long only firm he founded in 2020 that takes a quality and value approach to own a concentrated portfolio of global monopolies. He is also the author of The Myth of Capitalism, a book we discussed alongside his career path on the show five years ago. That conversation is replayed in the feed. Our conversation this time around bookends our prior discussion, covering Jonathan's unique upbringing and education on one end and his creation of Prevatt Capital to apply the lessons from The Myth of Capitalism on the other. As a disclaimer, I so took to Jonathan when we first met that I've been an advisor to him and Prevatt Capital since launch and am an investor in the strategy. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
Jonathan Tepper is the founder of Variant Perception, an economic research group that works with institutional managers, hedge funds, and allocators to provide objective and comprehensive data to form actionable ideas from leading indicators and emerging trends. He is also the author of three books, the most recent of which, The Myth of Capitalism: Monopolies and the Death of Competition, received widespread acclaim earlier this year. Our conversation covers Jonathan's unusual upbringing, learning about currencies from Big Macs, building economic and liquidity forecasting models, and catering Variant Perception's research to investors. We then turn to The Myth of Capitalism, discussing the history, causes, and ramifications of the absence of competition in U.S. industries, natural and unnatural monopolies, examples in the tech giants, funeral home operators, airports, and hospitals, and what can be done to counter this negative trend. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
When you look at your pet, you probably see an adorable furball that you'd do anything for. A private equity firm sees dollar signs.Ever so quietly, faceless, big money firms have been consolidating Canada's veterinary clinics. And vets are just the beginning.Featured in this episode: Michael Mossop, Denise HearnTo learn more“Inside the corporate dash to buy up dentists' offices, veterinary clinics and pharmacies” in The Globe and Mail by Chris Hannay“Private equity groups spot profit in UK's nurseries” in Financial Times by Bethan StatonThe Myth of Capitalism: Monopolies and the Death of Competition by Jonathan Tepper and Denise Hearn“An Inconvenient Fact: Private Equity Returns & The Billionaire Factory” by Ludovic PhalippouCredits: Arshy Mann (Host and Producer), Jordan Cornish (Producer), Noor Azrieh (Reporter and Associate Producer), André Proulx (Production Coordinator)Sponsors: Douglas,If you value this podcast, Support us! You'll get premium access to all our shows ad free, including early releases and bonus content. You'll also get our exclusive newsletter, discounts on merch, tickets to our live and virtual events, and more than anything, you'll be a part of the solution to Canada's journalism crisis, you'll be keeping our work free and accessible to everybody.You can listen ad-free on Amazon Music—included with Prime. Hosted on Acast. See acast.com/privacy for more information.
Wander into any small town in the US and you'll find "a Subway, a Bank of America and some private-equity-owned retail chain".Denise Hearn, co-author (with Jonathan Tepper) of The Myth of Capitalism (the Financial Times Book of the Year in 2018), explains how corporate monopolies are not only killing competition, choice and diversity, but weakening the economy. This thought-provoking interview with the influential Seattle-based writer and campaigner is well worth a listen.For more information on the Advanced Valuation in Financial Markets course mentioned by Russell, please see www.didaskoeducation.org.
Hour 1: Boomer & Gio are off today so it's Jerry and Sal. Sal tells us what it was like being in the stands for the three Mets playoff games. The Yankees series gets underway against Cleveland tonight. Game 1 sets the tone tonight and the Yankees have Gerrit Cole on the mound. We also talked about Aaron Judge's upcoming free agency. C-Lo is in for Jerry but overslept through his alarm and just got here. He also missed hosting the Warm Up Show with Al. The Chiefs overcame a 17-0 start to beat the Raiders 30-29. Davante Adams apologized for shoving a credentialed employee to the ground on the way to the locker room after the game. There was another terrible roughing the passer call on Derek Carr last night. Sal suggests putting flags on the QBs since you can't tackle them. Gerrit Cole will start tonight for the Yankees and says ‘the postseason is a drug, you just can't get enough of it'. In the final segment of the hour, a caller challenges Sal on his Coach of the Year take when it's talked about too early in the season. A caller wonders if the Yanks win it all, is there less pressure to sign Judge. Hour 2: Sal can't believe Jerry and Eddie have never had a massage. They also never had a pedicure. When the Mets hired Buck Showalter Sal tweeted #Buck-mas since it was near Christmas. They can't believe there was an article that Buck Showalter's job was safe, as if there was any question. Jerry thinks the Mets fans overlooked the Padres. Sal says he's been to more clinchers for other teams at She/Citi than he has for the Mets. C-Lo returns for an update and starts with play by play from last night's Chiefs win over the Raiders. Troy Aikman was not happy with the roughing the passer call last night. Davante Adams shoved a camera guy to the ground after the game on his way to the locker room. Matt Rhule has been fired by the Panthers. Ron Rivera talked about the difference between the Commanders and the rest of the NFC East and he said the quarterback. Gerrit Cole starts for the Yankees tonight. Jerry says the HR ball gets him a lot. In the final segment of the hour, Al & Sal debate the Mets not selling out the Sunday Wild Card Game. Hour 3: We took calls from Mets fans who decided not to go to the playoff games because of price and other factors. C-Lo returns for an update but first we talk about running up your credit cards before you die. Live it up! The Chiefs came back from 17 down to beat the Raiders 30-29 last night. We heard an exchange between Panthers owner Jonathan Tepper and a reporter on Matt Ruhle's firing. Bill Belichick went on WEEI yesterday to talk about QB Bailey Zappe. Aaron Judge talked about playoff atmospheres and he says it's ‘heaven'. In the final segment of the hour, we talked about the Nolan Ryan documentary that is currently on Netflix. It seems like there are a lot of MLB tickets available for the playoffs around the country. Hour 4: What do you expect of the Yankees bullpen in this series? Sal says it's the weak link. Jerry expects a strong start by Gerrit Cole. C-Lo returns for his last update of the morning and starts with the Chiefs beating the Raiders even though the Raiders were up 17-0 at one point. We also got into children's TV and what kids watch on YouTube. Chargers Head Coach Brandon Staley is getting closer than ever to his players. Gerrit Cole on postseason baseball, ‘it's a drug. Yeah it is'. Chris Russo was not happy with Buck Showalter ear checking Joe Musgrove. In the final segment of the show, some over/under player props for Yankees/Cleveland.
Hour 3 We took calls from Mets fans who decided not to go to the playoff games because of price and other factors. C-Lo returns for an update but first we talk about running up your credit cards before you die. Live it up! The Chiefs came back from 17 down to beat the Raiders 30-29 last night. We heard an exchange between Panthers owner Jonathan Tepper and a reporter on Matt Ruhle's firing. Bill Belichick went on WEEI yesterday to talk about QB Bailey Zappe. Aaron Judge talked about playoff atmospheres and he says it's ‘heaven'. In the final segment of the hour, we talked about the Nolan Ryan documentary that is currently on Netflix. It seems like there are a lot of MLB tickets available for the playoffs around the country.
i talk briefly about the remedies the authors of this book offer and my ending thoughts on this thought provoking book. my biggest take away is that we all feel like something is wrong, but what is the answer? are there multiple answers? I highly recommend this book. let me know your thoughts! - lots of love Book: The Myth of Capitalism: Monopolies and the Death of Competition x Jonathan Tepper and Denise Hearn instagram reference: safezone4all YouTube reference: https://www.youtube.com/watch?v=bmefn2jfen8 --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
We launch Season 2 with a panel discussion of the US Department of Justice bid to block the proposed merger of Penguin Random House and Simon & Schuster. Elaine Dewar (author of The Handover: How Bigwigs and Bureaucrats Transferred Canada's Best Publisher and the Best Part of Our Literary Heritage to a Foreign Multinational), and Jonathan Tepper (author of The Myth of Capitalism: Monopolies and the Death of Competition, with Denise Hearn), discussing the DOJ's bid to stop a merger that would change the landscape of publishing.
WELCOME BACK!!! I'm excited to kick off season two with a review of a book i'm *currently reading called The Myth of Capitalism: Monopolies and the Death of Competition by Jonathan Tepper with Denise Hearn. this book is an in-depth look on how industry concentration benefits those who control the industry and alienates the average worker from truly engaging in healthy competitive employments markets. industry concentration effects everyone, regardless of how politically charged this may seem, so i highly encourage checking out this book so we can talk through it together! part two will be a review on the remedies the authors offer us, so i'm excited to keep reading! lots of love Book: The Myth of Capitalism: Monopolies and the Death of Competition x Jonathan Tepper & Denise Hearn --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
with guest David Harlley of Third Way Capital. What is the responsibility of a business? Is it solely to make a profit, as economist Milton Friedman suggested in the seventies? Or is there more nuance to how businesses can interact with society, culture, and even poverty? In this episode, David Harlley, CEO of Third Way Capital, dives deep into the idea of “impact investing”. If you're not familiar with that term, don't worry! It only hit the mainstream a few years ago. David breaks the concept down into easy to digest chunks that inspire action and push us to reconsider everything we thought we knew about business. When business and investing are done properly, they can be exactly what the world needs to tackle poverty. Recommended Resources: https://www.amazon.ca/Completing-Capitalism-Heal-Business-World/dp/1626569274 (Completing Capitalism) by Bruno Roche and Jay Jakub https://www.amazon.ca/Myth-Capitalism-Monopolies-Death-Competition/dp/1119548195 (The Myth of Capitalism) by Jonathan Tepper and Denise Hearn http://www.dogoodbusiness.net/ (Do Good Business blog) (David's blog) Episode hosted by Shelaine and Eric. Support this podcast
i love the friction between sustainable/healthy lifestyles and the demands of the working world. this is a conversation that has real world implications down the road, so let's get into it. Book reference: The Myth of Capitalism: Monopolies and the Death of Competition x Jonathan Tepper and Denise Hearn --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
This week we discuss Harry and Meghan's book deal and the trials and tribulations in writing narrative non-fiction. TRF's royal watchers, Brand Manager Anne Sampson and agent Kathryn Willms discuss Prince Harry and Meghan Markle, while our panel discussion features non-fiction writers Timothy Christian (author of the forthcoming Hemingway's Widow), Elaine Dewar (author of the just-released On the Origin of Deadliest Pandemic in 100 Years: An Investigation), and Jonathan Tepper (author of The Myth of Capitalism with Denise Hearn), discussing the art of narrative non-fiction.
Every year, Strong Towns founder Chuck Marohn releases a list of the best books he read that year. Past lists have included books that shaped the Strong Towns conversation in profound ways: Chris Arnade’s Dignity (2019), Jonathan Haidt’s The Righteous Mind (2017), Cognitive Architecture, by Ann Sussmann and Justin Hollander (2017), and Tomas Sedlacek’s Economics of Good and Evil (2016), to name just a few. Spoiler alert: 2020’s list will include The Myth of Capitalism, coauthored by Denise Hearn, this week’s guest on The Strong Towns Podcast. Hearn is a Senior Fellow at the American Economic Liberties Project and an advisor to organizations, asset managers, and companies who want to use their resources to support a more equitable future. In the introduction to The Myth of Capitalism, Hearn and her coauthor, Jonathan Tepper, write that capitalism has been “the greatest system in history to lift people out of poverty and create wealth.” Yet the “capitalism” we see in the U.S. today is so misshapen it hardly qualifies. “The battle for competition is being lost. Industries are becoming highly concentrated in the hands of very few players, with little real competition.” Capitalism without competition, they say, is not capitalism. If you believe in competitive markets, you should be very concerned. If you believe in fair play and hate cronyism, you should be worried. With fake capitalism CEOs cozy up to regulators to get the kind of rules they want and donate to get the laws they desire. Larger companies get larger, while the small disappear, and the consumer and worker are left with no choice. In this episode, Marohn and Hearn discuss why reduced competition—in the form of monopolies, duopolies, and oligopolies—hurts us not only as consumers and workers but as citizens and community members. They talk about the collusion (both direct and tacit) that consolidates wealth and power into fewer hands. And they discuss what our economic systems must learn from natural systems, including the role of competition and the importance of “habitat maintenance.” (Fans of Jane Jacobs' The Nature of Economies will love this part.) Ending on a hopeful note, Marohn and Hearn also discuss the convergence, across industries, of new conversations about how to build stronger towns and stronger economies from the bottom-up. Additional Show Notes: The Myth of Capitalism: Monopolies and the Death of Competition, by Jonathan Tepper with Denise Hearn Denise Hearn (Twitter) Denise Hearn (Website) “My Journey from Free Market Ideologue to Strong Towns Advocate,” by Charles Marohn The Ultimate Strong Towns Reading List
Last week, Jason Segedy, the director of planning and urban development for the City of Akron, Ohio, published a piece in The American Conservative called “Towards a More Inclusive Urbanism.” Segedy contends that too much of the urbanist conversation is permeated with “an unmistakable strain of elitism.” It emanates from, is focused on, and takes as its model “front-row cities,” where issues like high housing costs, rent control, NIMBY-ism, and rail transit are among the most-discussed topics. At the same time, urbanism tends to be “dismissive of disinvested and economically challenged places,” the back-row cities. He writes: The most widely read and disseminated urbanist thinking around urban design and public policy has little or nothing to say about heavily disinvested places. It is written mostly by, and for, people who live in economically successful places. This week on Upzoned, host Abby Kinney and regular co-host Chuck Marohn discuss Segedy’s article. They talk about why good planning looks more like social work than a kinder-gentler Robert Moses, what front-row and back-row cities have in common, and why urban planners go astray when they try to please other urbanists instead of responding to the needs of people. They also describe an option that goes beyond the conventional choices of Top-Down Beautiful or Top-Down Pragmatic. “We can’t micromanage great urban design into existence,” says Abby, an urban planner in Kansas City. “It needs to happen naturally.” Then in Downzone, Chuck recommends The Myth of Capitalism by Jonathan Tepper and Denise Hearn. (Hearn will be a guest on an upcoming episode of the Strong Towns podcast, which recently returned from hiatus.) And Abby recommends two articles by Mark Manson as well as a recent episode of James Howard Kunstler’s Kunstlercast. Additional Show Notes “Towards a More Inclusive Urbanism,” by Jason Segedy Abby Kinney (Twitter) Charles Marohn (Twitter) Gould Evans Studio for City Design Theme Music by Kemet the Phantom (Soundcloud) Related reading from Strong Towns “Why Urban Design Should Come from the Bottom Up,” by Nolan Gray (Part 1 | Part 2) “A Reminder for Planners: ‘Every Projection Is Wrong,’” by Daniel Herriges “6 Rules for Unlocking the Potential of Mid-Sized Cities,” by Dennis Strait and Abby Kinney “The Living City vs. the Mechanical City,” by Andrew Price “The Dignity of Local Community: A Conversation with Chris Arnade” (Podcast)
Jonathan Tepper is the founder of Variant Perception, an economic research group that works with institutional managers, hedge funds, and allocators to provide objective and comprehensive data to form actionable ideas from leading indicators and emerging trends. He is also the author of three books, the most recent of which, The Myth of Capitalism: Monopolies and the Death of Competition, received widespread acclaim earlier this year. Our conversation covers Jonathan's unusual upbringing, learning about currencies from Big Macs, building economic and liquidity forecasting models, and catering Variant Perception's research to investors. We then turn to The Myth of Capitalism, discussing the history, causes, and ramifications of the absence of competition in U.S. industries, natural and unnatural monopolies, examples in the tech giants, funeral home operators, airports, and hospitals, and what can be done to counter this negative trend. Learn More Read the Transcript Subscribe to the Capital Allocators Blog or Monthly Mailing List Don't Subscribe, but Let Us Know Who You Are Write a review on iTunes Follow Ted on twitter at @tseides Review past episodes of the Podcast
Reviewed Jonathan Tepper's nicely done entry in the pro-competition genre, (The written version of this review was first published February 27, 2019. Written versions, in web and PDF formats, are available here.)
Bianco Research president and eponym Jim Bianco calls in to help us make sense of last week’s chaos in short term lending rates. Jonathan Tepper, founding partner at Variant Perception, assesses the commercial landscape and identifies potentially attractive opportunities. @biancoresearch @jtepper2 @VrntPerception 8:15 Why didn’t the banks arbitrage those high rates? 13:50 Excess reserves and post-crisis regulation 19:00 Corporate competition on the wane 24:20 Europe set for a rebound? Subscribe to Grant’s Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant’s Interest Rate Observer is available at http://www.grantspub.com
The attorneys general of 48 out of the 50 US states have come together to challenge the control of the search giant over what we buy or view online. Manuela Saragosa speaks to the BBC's technology correspondent Rory Cellan-Jones about why the US anti-trust authorities have decided to join their EU counterparts in taking on Google. Jonathan Tepper, author of the new book The Myth of Capitalism: Monopolies and the Death of Competition, takes us through the history and significance of anti-trust legislation. But are anti-monopoly laws equipped to deal with the tech giants of today? And can these companies even be called monopolies? We'll also hear from Sally Hubbard of the Open Markets Institute, and Alex Moazed, co-author of the 2016 book Modern Monopolies. (Picture: The Google logo displayed through a magnifying glass; Credit: Chesnot/Getty Images)
Kan man behandla konsumenter hursomhelst? Ja, nästan. Eftersom allt fler marknader i dag i praktiken är monopol. Techbolag, flygbolag, friskoleföretag och banker. Dagens kapitalism är de stora företagens kapitalism, menar ekonomerna Denise Hearn och Jonathan Tepper i sin bok The Myth of Capitalism: Monopolies and the Death of Competition. Katrine testar att handla enbart från små företag, men hon misslyckas efter bara en dryg vecka. Och Maria undrar: är det trots allt ändå inte rätt bra med stora företag?
America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high-speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their paycheck to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. Today's show is the story of industrial concentration, but it matters to everyone because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anaemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out. We welcome the author of “The Myth of Capitalism: Monopolies and the Death of Competition” Jonathan Tepper We talk: Monopolies Duopolies Oligopolies Competition Monopsonies Capitalism Antitrust Regulation The worker being squeezes The concentration of power The Rural v Urban Divide The Robber Barons The Origin of the Problem How concentration kills innovations IPOS Mergers and Acquisitions Some possible solutions More about Jonathan here: http://jonathan-tepper.com/
Monopoly and its equally evil twin monopsony are destroying competition, depressing wages, and slowing economic growth. Is market concentration an inevitable outcome of capitalism, or is there a smarter solution? Jared Bernstein: Senior Fellow at the Center on Budget and Policy Priorities, former Chief Economist and Economic Adviser to VP Biden and Executive Director of the White House Task Force on the Middle Class, and author of ‘The Reconnection Agenda: Reuniting Growth and Prosperity’. Twitter: @econjared Jonathan Tepper: Founder of Variant Perception, a macroeconomic research group that caters to asset managers. Author of ‘The Myth of Capitalism: Monopolies and the Death of Competition’, ‘Endgame: The End of the Debt Supercycle’, and ‘Code Red’, a book on unconventional monetary policy. Twitter: @jtepper2 Further reading: https://democracyjournal.org/magazine/51/progressive-labor-standards/ Learn more about your ad choices. Visit megaphone.fm/adchoices
On today's show, we talk to the best-selling author, Jonathan Tepper about investing during Bear Markets.In this episode, you'll learn:If a severe bear market is possible when the economy is strongThe most misunderstood concept in bear marketsHow to think about shorting securitiesHow to take long positions in bear markets Important Links:Jonathan Tepper's website, Variant PerceptionJonathan's twitterDownload your free audio book at Audible.Find the best job candidate at Ziprecruiter.Refinance your student loan with First Republic.Move your business to the cloud with Netsuite.Make your business travels easy with Clear.Access a world of knowledge with The Great Courses Plus.Build wealth through real estate with Roofstock.Home security done right with SimpliSafe.Solve your long list of must-reads once and for all with Blinkist.
Naomi Fowler talks to investor and author Jonathan Tepper who’s co-written a book called ‘The Myth of Capitalism: Monopolies and the death of capitalism’ and explore monopolies, the dangers to consumers and citizens, and the suppression of true innovation: are we in the last stage of capitalism? Plus the Tax Justice Network's John Christensen discusses Congress woman Alexandra Ocasio-Cortez's proposal for a 70% top marginal tax rate to be levied on incomes once they get to $10 million and above. And...we talk about Brexit, and how the European Union should handle the City of London's finance sector
Know Your Risk Radio with Zach Abraham, Chief Investment Officer, Bulwark Capital Management
Zach has a market update and a longform interview with Jonathan Tepper, author of the must read book 'The Myth of Capitalism: Monopolies and the Death of Competition'
It's another book club! This time up we dive into Myth of Capitalism by Jonathan Tepper and Denise Hearn. It's alllllllll about monopolies and their devastating effect on the U.S. economy. Stick around because Amos takes some time to update Monopoly for the 21st Century with brand new Chance and Community Chest cards. Email: Mountain2Mountainpodcast@gmail.com Twitter: @Mountain2M Facebook: @Mountain2Mtn YouTube: Mountain2MountainPodcast Listen Notes: www.listennotes.com/c/d667166380b74…ntain2mountain/
Jonathan Tepper is the co-author of "The Myth of Capitalism: Monopolies and the Death of Competition". In his book, Tepper describes how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives – from health insurance, to many consumer goods and also tech giants like Google and Facebook and Amazon. “Every day, ordinary people transfer their money to monopolists and oligopolists” says Tepper – proposing instead vigorous anti-trust legislation to return America and other Western nations including the UK to an era when competition created higher economic growth, more jobs and higher wages, and more start-up companies too. As a founder of several companies himself, with a background in both finance and citizen journalism, this is a story Tepper is well-qualified to tell.
Jonathan Tepper's book “The Myth of Capitalism” is full of scary facts: two companies control 90 pct of America beer, while five banks account for half the country's banking assets. He joined Breakingviews to explain the inexorable rise of monopolies and what we can do about it. See acast.com/privacy for privacy and opt-out information.
You might think the United States is a dynamic, free market economy - but you'd be wrong.In their new book The Myth of Capitalism, Jonathan Tepper and Denise Hearn show convincingly that modern America is actually characterised by "ersatz capitalism", with a few big players dominating swathes of the economy, capturing regulators and screwing over consumers into the bargain.CapX Deputy Editor John Ashmore sat down with Jonathan to discuss the way out of America's malaise, the impact of oligopoly capitalism on Western society and whether there's cause to be optimistic about the future. See acast.com/privacy for privacy and opt-out information.
My guest today is Jonathan Tepper, the chairman of Variant Perception, a macroeconomic research group catering to asset managers and co-founded Demotix, a citizen-journalism photo newswire. He is the co-author of The Myth of Capitalism: Monopolies and the Death of Competition. The topic is his book The Myth of Capitalism: Monopolies and the Death of Competition In this episode of Trend Following Radio we discuss: Technology monopolies Capitalism Airline monopolies Anti trust laws Federal Reserve The banking system Fake capitalism The Antitrust Paradox Patents Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
Jonathan Tepper is co-author of “The Myth of Capitalism: Monopolies and the Death of Competition.” He is chairman of Variant Perception, a macroeconomic research group catering to asset managers and co-founded Demotix, a citizen-journalism photo newswire. Tepper notes — Google and Facebook control over 70% of all search and linkage within the internet. Their algorithms are biased and guide users to go where they want them to go. Most need Google or Facebook to login to certain websites. So on a platform as vast as the internet, where is the competition? There’s a lot of smart, wealthy, entrepreneurial focused people around the world – why are they not fighting back? There is virtually no interest by people in Silicon Valley to get into the search engine game. Any small competitor that tries to insert themselves into the industry gets bought out by their larger sized competitors. Jonathan encourages capitalism and companies becoming monopolies because of organic growth. Unfortunately, this is rarely how companies grow. Monopolies are usually formed due to political advantages and strong economic footholds. Jonathan describes the economy right now as “fake capitalism.” What will it take to overturn a Google or Facebook or Amazon? Will they be dominating for the next 30 years? The central point of evolution is competition – the struggle for survival. In a perfect world, companies with the best and strongest traits would survive while the old and fat companies would die off rather than continue to thrive because of crony capitalism. Only time will tell if these mammoth sized companies will continue to push boundaries and prosper or if a younger more creative company will overthrow them. In this episode of Trend Following Radio: Technology monopolies Capitalism Airline monopolies Anti trust laws Federal Reserve The banking system Fake capitalism The Antitrust Paradox Patents
Merryn talks to investor and author Jonathan Tepper, whose book – The Myth of Capitalism: Monopolies and the Death of Competition – attempts to explain just what is wrong with capitalism today, and what can be done about it.
Many Americans envision capitalism as a driving ideal of our country, but some economists contend that a few digital monopolies have risen to restrict our nation’s capitalist ideals and act as gatekeepers to the free market. Economist author Jonathan Tepper and Business Development manager Denise Hearn took Town Hall’s stage to tackle issues of growing economic inequality. They presented perspectives from their book The Myth of Capitalism: Monopolies and the Death of Competition, asserting that the U.S. has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Tepper and Hearn were joined by panelists: Nick Hanauer, co-founder and partner in venture capital firm Second Avenue Partners; John Perkins, Chief Economist as a major international consulting firm and adviser to World Bank, the United Nations, the U.S. Treasury Department; Rachel Lauter, executive director of Working Washington and the Fair Work Center; and Nicole Vallestero Keenan-Lai, executive director of Puget Sound Sage. Together they discussed solutions, suggesting vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. Sit in for an essential conversation on all things capitalism in America—from anemic economic growth to declining start-up success rates—and why workers are losing out. Recorded live at The Collective by Town Hall Seattle on Thursday, November 29, 2018.
“Capitalism without competition is not capitalism”. That is the fundamental and irrefutable premise of a new book by Jonathan Tepper and Denise Hearn, The Myth of Capitalism: Monopolies and the Death of Competition, named one of the best economics books of 2018 by The Financial Times. Tepper and Hearn launch a stinging attack on high concentration and insipid competition in the US economy today, documenting and explaining its symptoms and side effects at length. This is a polemic that takes no prisoners. Dysfunctionality and capture of the political, regulatory and academic establishments are recurring themes and, not surprisingly, Big Tech is singled out for special treatment. The book mounts an extensively researched and engagingly written case for an overhaul of antitrust enforcement to fix the problem. It's a call to arms, exhorting legislators and courts to ensure that antitrust laws play their part in administering the dose of reinvigorated competition that Tepper and Hearn argue is sorely needed. Faltering productivity, stymied innovation, stagnant wages growth and rising inequality are not just concerns for the US, however. They are the preoccupations of economic policymakers and enforcement agencies in many countries around the world, making the book a valuable resource with international relevance. In this episode, Jonathan shares the key insights from the book and defends its thesis against the arguments that most commonly feature on the opposing side of the debate. For more details and to order the book, you can visit The Myth of Capitalismwebsite. For more about Jonathan Tepper, he has his own personal website, and you can follow him on Twitter @jtepper2. Featuring regular cut-through interviews with leading thinkers, movers and shakers, Competition Lore is a podcast series that engages us all in a debate about the transformative potential and risks of digitalised competition. Join Caron Beaton-Wells, Professor in Competition Law at the University of Melbourne, to tackle what it means to participate as a competitor, consumer or citizen in a digital economy and society. Competition Lore is produced by Written & Recorded.
Which US and Australian industries are the most concentrated? How did Standard Oil inspire the Nazis? Why are... See omnystudio.com/listener for privacy information.
This week, Guy Chirello, President of FirstData, came on to talk about his company's work tracking holiday shopping in real-time. Jonathan Tepper, Founder of Variant Perception, joined to discuss his new book "The Myth of Capitalism: Monopolies and the Death of Competition." Scarlet sat down with Chris Cavallini, the founder and CEO of meal preparation business Nutrition Solutions, to talk about giving people with criminal records a second chance in the workforce. Then Ohio State Treasurer Josh Mandel came on to talk about Ohio becoming the first state to let businesses pay taxes with bitcoin.
Damian Sassower, Chief Emerging Markets Strategist for Bloomberg Intelligence, on G20 and emerging markets. Jonathan Tepper, Founder of Variant Perception and Bloomberg Opinion columnist, discusses his column, "U.S. Corporations Are Winning War on Capitalism." Mark Chediak, energy reporter for Bloomberg, on California mulling a different structure for beleaguered utility PG&E, after the wildfires. Joe Mysak, Editor for Bloomberg Brief: Municipal Market, on GM’s pullback imperiling cities where its factories are a tax lifeline.
Tomaš Dvořák - "Game Boy Tune" - Machinarium Soundtrack - "Mark's intro" - "Interview with Jonathan Tepper" - "Your calls and comments 201-209-9368" The Pink Tiles - "Internet" https://www.wfmu.org/playlists/shows/82666
Tomaš Dvořák - "Game Boy Tune" - Machinarium Soundtrack - "Mark's intro" - "Interview with Jonathan Tepper" - "Your calls and comments 201-209-9368" The Pink Tiles - "Internet" http://www.wfmu.org/playlists/shows/82666
Erik Townsend and Patrick Ceresna welcome Jonathan Tepper to MacroVoices. Erik and Jonathan discuss if the market correction over, the outlook for U.S. interest rates and the short and longer-term drivers in the U.S. Dollar. They further touch on China, Europe, inflation, oil, and real estate in Australia, Canada and the United States. Finally, they discuss his new book, the Myth of Capitalism and delve into monopolies and competition.
Have we entered a new era of sustainably high corporate profit margins or will they revert over time to more normal historical levels? This is the single most important question equity investors should be asking today and nobody has done more work on this topic than Jonathan Tepper. Formerly, an equity analyst at one of the most successful hedge funds on the planet, then a prop trader at one of the largest firms on Wall Street, Jonathan today runs Variant Perception, an institutional research service. He also recently published a new book, The Myth of Capitalism, his survey of the profit margin phenomenon and its consequences for investors and citizens alike. In this episode, we discuss the social and economic consequences of increased consolidation and regulatory capture in corporate America and what it means for markets going forward. Jonathan also shares the unique and tragic experiences of his formative years and how they inspired both a strong work ethic and a deep desire to make a difference. For links and notes related to this episode visit TheFelderReport.com.
We discuss "the Lollapalooza of bad economic incentives" also known as the US healthcare system as well as the rest of the oligopolistic economy
Jonathan Tepper, founder of macro research firm Variant Perception and author of The Myth of Capitalism, calls in to discuss the rise of corporate monopolies and its implications. @jtepper2 1:24 The Myth of Capitalism and Amazon.com, Inc. 6:08 The beer industry, duopolies and innovation 10:14 Low interest rate policy and the rise of #cartels 15:31 The “big pendulum” of anti-trust policy and the FAANGs 20:30 Buybacks and underfunded pensions Subscribe to the Grant's Current Yield Podcast on iTunes, Stitcher, iHeart Radio, Google Play Music or listen from our website, www.grantspub.com
Dans cet épisode, Turi ne fait pas que me raconter son parcours, il me raconte ce qui alimente sa curiosité envers la culture et l’histoire. Il me raconte ses anecdotes et ses plus grosses frayeurs. Il partage aussi ses retours d’expériences et ses conseils en or qui sont valables pour tous ceux qui se lancent dans n’importe quel business.“ Je me suis beaucoup gouré avec de petites sommes, heureusement, et maintenant je commence à comprendre comment me gourer un peu moins.”Turi naît en Italie dans une famille d’artistes avec une mère italienne restauratrice de tableau et un père anglo-suédois romancier.Il grandit en Angleterre, part à 18 ans pour vivre une année entre le Népal et l’Espagne et revient finir ses études à Oxford.“Si j’avais vraiment suivi mon cœur à 17 ans j’aurais fait de la littérature...mais je détestais mon prof de littérature anglaise”Ne sachant pas compter assez bien pour faire des maths ou des sciences, et sachant que les langues font partie de ses compétences, il en cherche la plus difficile et décide de l’étudier - l’arabe classique.“Le début de ma carrière s’est bâti sur le fait que j'avais cet avantage absurde que de parler l’arabe”→ En 1999 il finit ses études et travaille en tant qu’éditeur pour des journaux anglais.→ En 2001 il écrit un bouquin sur Saddam Hussein sans jamais être allé en Irak.→ En 2003 c’est le début de la guerre en Irak. Tranquillement et laissant derrière lui sa femme et son nouveau-né, il décide d’y aller en tant que correspondant de guerre EN FREELANCE (#WTF). Il fait le tour du pays en 6 semaines, en transports publics, sans assurance...→ En 2004 Il a 26 ans. Il monte The Beirut Review of Books dans le sillage du “journal anglais le plus pompeux et intello ‘The London Review of Books” qui lui-même est le concurrent du ‘’New York review of books”. Son objectif : faire émerger un point de vue local sur le plan international : à travers les livres, art et culture : “Je suis très mauvais journaliste, ce qui m'intéresse c’est l’analyse”→ En 2005 Il se trouve une bourse et part apprendre l'Hébreu à Jérusalem. Il devient Chef de la section Moyen Orient du plus vieux Think Tank du monde où il travaille avec des politiciens.“J’ai passé beaucoup trop de temps avec des ambassadeurs et des gens en costumes 3 pièces et j’ai compris qu’au niveau intellectuel c'était limitant...je ne me sentais pas confortable avec leurs discours formés par d’autres”→ En 2006 (#WTF2) Il part s’aventurer en Afghanistan pour chercher des mines de fer et de cuivre avec un géologue et une vieille carte. Ce n'était pas gagné. Il se dirige vers la NYU où il reçoit une bourse pour faire un doctorat sur l'anthropologie de la religion et sa place dans la politique aux USA. “Ayant été un journaliste, politologue, éditeur et académique raté, je me suis demandé si au niveau de l’impact, le meilleur moyen ne serait-il pas de faire du business”→ En 2007 il essaye de monter un business de plantation de biodiesel au Ghana : ça ne marche pas.“J’ai vu des valises de dollars changer de mains, ça m’a complètement ouvert les yeux : le journalisme avait un désavantage immense car c’est seulement en tant que businessman que tu rentres vraiment dans les entrailles de comment fonctionne un pays”→ En 2008 il crée DEMOTIX avec son ami macroéconomiste : Jonathan Tepper. (C’était mon concurrent direct, à l'époque où je dirigeais Citozenside). Une marketplace de vente de photos et vidéo amateur où chacun peut être témoin de ce qui se passe quelque part dans le monde. Il lèvera 600k £ et finira par vendre la boîte à Corbis.“Je crée ce que je pensais être une plateforme de liberté d’expression. Après 2 ou 3 ans on s’est rendu compte qu’il serait impossible de lever assez d’argent pour faire un réseaux de vendeur assez bien garni pour faire compétition aux plus gros. ”→ Depuis 2011. Il devient le 4eme partner avec Marcus brauchli, Sasa Vucinic et Stuart Karle dans North Base Media un fonds qui investi dans :-> Les techs de médias : paywall, chatbot etc. -> Les médias dans les marchés émergents “Ce qui définit nos marchés c’est : Une grosse population jeune, Une grosse pénétration croissante du smartphone/internetUne économie qui va dans la bonne direction.”→ Aujourd'hui, Turi nous parle de son tout dernier projet encore sous version bêta : Parli.co.Une sorte d’Atlas d’idées ou de Wikipedia des opinions mais en version payante. Un projet qui est une belle concrétisation de son background à la fois intellectuel et politique sous une forme business.“Je me suis dit qu’il y avait un problème dans la manière dont les idées étaient représentées. Alors j’ai essayé de créer une sorte d’accélérateur pour les idées.”Turi me partage aussi ses petits rituels :Faire une liste chaque dimanche soir avant de se coucher pour se fixer des objectifs à court terme.Faire des pompes avec son fils et un peu de tennis.Boire beaucoup de vin.Ses Lectures :Les romans pour s’aérer l’esprit.Le concept : Post Truth The death of truth - Michiko Kakutani On bullshit - frank shiellSes outils :TrelloSlackWecroak : Une App qui vous rappelle 5 fois par jour que vous allez mourir un jour.Où le retrouver ?LinkedinTwitter--- --- --- Suivez moi aussi, tant qu'à faire !www.instagram.com/gdiypodcast/www.linkedin.com/in/stefani/www.twitter.com/mattintouch
On today’s show, we interview the NY Times bestselling author Jonathan Tepper. Jonathan is the owner of the macroeconomic research group that provides leading indicators to various asset managers. He is a Rhodes Scholar and a graduate of Oxford University. We talk to Jonathan about Buffett’s approach to investing in concentrated industries along with his thoughts on inflation. In this episode, you'll learn:What the retail investor can learn from Warren Buffett about how to invest in concentrated industriesWhy billionaire Peter Theil argues that monopolies are good for societyHow inflation impacts the investor’s portfolio performanceWhy wages in the US is not going upWhere we right now in the current market cycle Here are the links for discounts from our sponsors:Download your free audio book at AudibleGet a free share of stock and free trades at RobinhoodFind the best job candidate at ZiprecruiterKnow when to buy and sell based on statistics and momentum w/ TradeStops
Jonathan Tepper (@jtepper2), chief editor of Variant Perception, and @John_Hempton, chief investment officer of Bronte Capital Management, share their macro and micro expertise on corporate concentration and corporate fraud. 2:09 How do managers contend with increasing industry consolidation? 8:51 “A time of #disruption”, while barriers to entry rise 12:04 Summertime for corporate #fraud Subscribe to the Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at www.grantspub.com
Over the course of my career, I've learned that going against conventional wisdom often leads to the largest returns on investment… That's one of the reasons I so enjoyed my conversation with today's guest on Talking Stocks Over a Beer. Jonathan Tepper is a former Wall Street trader, economist, bestselling author, and the founder of independent research firm Variant Perception. He's also a contrarian, like me. But what I particularly appreciate about Jonathan is, unlike a lot of folks out there, he believes in backing up his theses with hard data—not just catchy headlines. While Jonathan's research is mostly for institutional investors and family offices, our discussion is easy to follow and informative for the individual investor. Today, we go over everything from the U.S. dollar to inflation, demographics to deficits, and what Jonathan expects to see from the market going forward. Jonathan also explains why he looks for “turning points” in the markets to maximize gains—and highlights some indicators, like market liquidity, you should always pay attention to... We cover a lot of ground on today's show… so let's get started.
Erik Townsend welcomes Jonathan Tepper back to MacroVoices. Erik and Jonathan discuss the outlook on the US dollar, the momentum trade on global equities and VPs contrarian call on the retailers. They further discuss Australian real estate, the Canadian economy and the outlook on China. Special post game guest Devin Anderson to discuss the VIX complex and the short VOL trade.
In Part 3 of our Property Series we consult the 'housing bubble whisperer', Jonathan Tepper (@jtepper2). He is the founder of research house Variant... See omnystudio.com/listener for privacy information.
Stansberry Radio - Edgy Source for Investing, Finance & Economics
This week, we sit down with Jonathan Tepper, co-author of Code Red and Endgame.