Videos Of The Week
Videos Of The Week
A Look At The Macro Big Picture & Potential Investment Opportunities In Argentina
The Huskies beat the Cougars yesterday, but it wasn’t the game I was expecting. UW nailed a last second field goal to win 24-21, and I’m looking forward to the conference championship next weekend. I have a couple posts in the can for this week, but I wanted to put out a post with a couple interesting videos I saw this week. The first looks at the big picture, while the second talks about Argentina’s recent election of Javier Milei, and the potential for significant changes leading to a potential investment opportunity.
The Meb Faber Show w/ Jim Bianco
Meb Faber runs Cambria Asset Management, a firm that provides an interesting set of ETFs. Jim Bianco runs Bianco Research, a macro investment firm. He frequently appears on podcasts that I listen to, and he is full of insights on a variety of financial topics. They discuss bonds, stocks, valuations, and all of the other interconnected asset classes, and highlight some of the potential issues with each one. Interest rates tend to move in long cycles ranging anywhere from 25-40 years. The main takeaway I got is that the four decade bull market in bonds is dead, and investors that own longer term bonds as a long term investment (a shorter term trade could be a different story) are in for a rough decade in my opinion.
The Meb Faber Show w/ Jim Bianco
The Rebel Capitalist Show w/ Chris MacIntosh
I have talked about videos with Chris MacIntosh in the past, but this week’s video focuses on the recent presidential election in Argentina and the election of Javier Milei. For decades, Argentina has been a place where capital goes to die, but if Milei is able to make changes he ran on during his campaign, there could be some interesting investment opportunities. I don’t own anything yet, but YPF YPF 0.00%↑ would be the obvious candidate as the Argentinian state owned oil company. Obviously, it would have been nice to buy shares around $10 a couple weeks ago as shares are now just under $17. It’s on the watchlist for now, but I don’t see the risk/reward for YPF as better than other South American stocks right now. While Petrobras or Ecopetrol pay huge dividends, YPF currently doesn’t pay investors, which is something that will probably keep me on the sidelines at the current price.