My good friend Ben Hunt is here for the fourth time on Panic with Friends. He’s my go-to macro guy, and one of the smartest people to talk about the market with. And if I were going to do a show with any two people, like the All In podcast, it’d be Ben and Jim O’Shaughnessy for sure.
Ben has been dead on with so many topics, and we’ve got a ton of topics to talk about in this episode. I wanted to talk about the FED, inflation, and what would turn him bullish. I wanted to get some pointers on the global macro and the SPAC market, to include thoughts on Fat Nixon. I wanted to talk about Robinhood and Citadel, and I want him to chime in on Apple having a monopoly.
I also wanted to get Ben’s thoughts about monetary policy as it relates to the UK pension debacle. I think you're going to get a lot out of our conversation. Enjoy!
Guest - Ben Hunt, Co-Founder and Partner at Second Foundation Partners, Author and Co-Founder at Epsilon Theory
howardlindzon.com, epsilontheory.com
Twitter: @howardlindzon, @epsilontheory, @knutjensen
linkedin.com/in/bhunt
#fintech #invest #investment #venturecapital #stockmarket #finance
Show Notes:
- Introduction (00:40)
- Welcome Ben (06:40)
- The best thing about getting older (10:17)
- Turning a layup into a loss (12:40)
- Lessons from Goodfellas (14:28)
- Who’s in the PIPE? (18:49)
- Finance raccoons (20:11)
- UK pension crisis (22:53)
- Interest rates repriced globally (23:33)
- Pension funds can’t make margin calls (29:59)
- FED creates liquidity crises (31:43)
- Overexposed to 15 years of low rates (34:35)
- What the blockchain brings (35:16)
- Loosening the yoke of Amazon, Apple, Google (35:44)
- Pension fund return projections (36:55)
- Ferocious bull rally? (40:54)
- Will the FED pivot? (43:58)
- Inflation wasn’t transitory (46:11)
- Taking real world risks (50:36)
- Taking on the overlords (57:18)
- Wrapping up (1:02:12)
- Closing thoughts (1:05:58)
