Yesterday I had Dave Collum back on the podcast to talk about everything going on the world of markets, current events, and we even got into a couple of our favorite rabbit holes. He doesn’t pull any punches and as always, he is very entertaining. Our conversation will have something for everyone, and if you want to find Dave, you can find him on Twitter.
Podcast Summary
What he’s seeing in markets, and where he’s actually bullish (precious metals and platinum in particular).
How the current situation is different from past euphorias, and why he calls it a complacency bubble.
The problems that we will see in private equity and private credit.
Passive investment and markets no longer being a price discovery mechanism.
His thoughts on Charlie Kirk, and why he has questions around the official story.
The situation in Ukraine, and why it might continue to drag on longer than we expected.
Israel, the Middle East, and the USS Liberty.
The AI race with China, the circular AI economy, and the Ponzi feel to stablecoins.
The problem with the government taking equity stakes in companies.
Book Recommendation: The Wisdom Of Crowds by James Surowiecki & The Great Courses Series.
