Equity Tail Hedging

Mike Alfred joins for me a look into the book "The Dao of Capital" by Spitznagel and for a general conversation on strategy, time preference, and Bitcoin.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Mike's Twitter: https://twitter.com/mikealfred

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Bitcoin Twitter
00:03:27 Spitznagel’s Early Trading Days
00:10:33 Taking Small Losses Early and Quickly
00:16:06 Staying Patient in an Elevated Time Preference Fiat Environment
00:22:05 Investment Strategy and Poker
00:27:46 Delaying Short Term Volatility
00:30:03 The Illusion of Wealth Creation Through Inflation
00:35:52 NYDIG
00:37:00 The Art Economic Action
00:39:44 Ancient War Strategies
00:49:39 Misesian Philosophy & Austrian Thinking
00:56:51 The Market’s Natural Interest Rate
01:00:25 Bitcoin’s Monetary Neutrality
01:03:40 Intertemporal Investing
01:07:06 Spitznagel’s Investment Strategy
01:15:21 How Changes in the Economy Could Affect His Strategy
01:19:07 Bitcoin Barbell Strategy
01:27:40 Spitznagel ETF?
01:31:43 Structuring an Investment Strategy to Beat Bitcoin is a Bad Idea
01:39:12 Conviction in Bitcoin Buy and Hold Strategy

SOCIAL
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WRITTEN WORK
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RECOMMENDED BUSINESSES
Worldclass Bitcoin Financial Services: https://nydig.com/
Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217
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Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/
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