In this episode of The Blunt Dollar, I sit down with Eric Jaffe, CEO of BCA Research, the world’s largest independent provider of macro investment research. We unpack Eric’s unconventional path from the Pentagon to GLG and now the helm of BCA, where he’s steering a 76-year-old firm into its next phase of growth, all while keeping that contrarian spark alive.
We also dive deep into how macro shocks, geopolitics, and AI are reshaping the future of investment research, and why conviction matters more than ever.
Here’s what we cover:
🎯 Why BCA thrives on being anti-consensus, and how it helps investors sharpen their conviction
🌍 Eric’s journey from the U.S. Department of Defence foreign affairs to building GLG into a global powerhouse, and now leading BCA
📈 Why macro volatility is here to stay in a multipolar world, and what that means for your portfolio
🤖 How BCA is carefully embracing AI while protecting its secret sauce, and even running internal “red teams” to test if AI could disrupt them
🧭 The leadership playbook: fostering fierce internal debate without losing direction, plus Eric’s advice for young professionals on staying humble, curious, and growth-focused
If you’re into global macro, independent research, and how AI is rewriting the future of decision-making, this one’s for you.
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Enjoy the episode!
Disclaimer: This podcast is for informational and educational purposes only. It does not constitute financial, investment, or legal advice. Listeners should consult a qualified financial professional before making any financial decisions.
