Portfolio Positioning During Bubbles

Daniel Rasmussen is the founder and managing partner of Verdad Advisers, an investment firm with over $1 billion in assets under management across multiple asset classes. He is the author of The Humble Investor (2025) and American Uprising (2011). Prior to founding Verdad, he worked at Bain Capital Private Equity and Bridgewater Associates. In this podcast, we discuss:

1. Investing as Meta-analysis
2. The Evolution of Private Equity
3. Stranded Software Assets
4. The Private Credit Mirage
5. The "Adjusted EBITDA" Trap
6. Small-Cap Growth Dangers
7. The AI Capex Cycle
8. AI Productivity Mindset