The Acid Capitalist Hugh Hendry joins Julia La Roche again, this time in the East Village, for an in-person, unfiltered conversation on macro and more.
Links:
Twitter/X: https://twitter.com/hendry_hugh
Podcast: https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcast/id1511187978
YouTube: https://www.youtube.com/@HughHendryOfficial
Timestamps:
0:00 Intro and welcome
1:36 Macro view and the Fed’s no-win situation
2:45 Revisiting financial history
4:20 The U.S. has become the economic locomotive of global growth
5:00 Policy error of fiscal conservatism
6:30 Everything is expensive
7:52 Invest 10% of net worth
9:00 Hugh’s hedge fund years
12:24 ‘To manage a lot of money you have to be serious.’ — the suits
19:07 Looking at charts and patterns while listening to Pink Floyd
24:30 China
36:19 The bubble today - the fragility of valuations
38:00 How you want to be allocated
44:16 The conceit and the arrogance of a well-formed argument
47:00 Hugh’s mistake buying Reader’s Digest in the 90s
48:48 Hugh’s go-to interview question: Tell me when you know it’s going wrong
50:44 Gold’s breakout — not an agent of chaos, the alchemy of chaos
52:24 Japanese Yen
53:49 Bitcoin
57:09 Silver
1:01:50 The Fed’s no-win situation
1:06:49 The Fed shouldn't be cutting interest rates
1:08:47 Present danger
1:11:00 The death of money?
1:15:00 Millennials and Bitcoin
1:18:43 The Bono story
