Kontrarian Korner #58 - Dave Collum

On Wednesday, I had Dave Collum back on the podcast. As always, it was an entertaining and wide ranging conversation. It’s worth a listen if you have the time this weekend. We talked the overvaluation in financial markets, some of the non-fundamental drivers, commodities, and private equity. We also covered different problems facing society, from changes coming for the university system, demographics, and more. We didn’t even have time to dive into some of the rabbit holes he has been going down lately, so I will definitely be having him back on the podcast sooner rather than later. You can find Dave on Twitter, and I’m already looking forward to his 2025 Year In Review.

Podcast Summary

* His view on financial markets, valuations, and other distortions in the financial system.

* He mentioned the increasing volume and frequency about the Fourth Turning.

* Gold, silver, platinum and his view on the precious metals, and which ones are the most attractive right now.

* Entitlements like Social Security, Medicare, and Medicaid, and some of the demographic changes happening now.

* Feminism, changes coming for the university system, and the connection between private equity and the endowment problem.

* The toxic sludge in private equity and private equity and how that might manifest itself in coming years.

* We talked about energy and went back and forth on the different arguments on the Permian rolling over, and different subsectors in energy that look interesting today.

* Uranium, Coal, and other opportunities in the commodities space that look appealing.

* Book Recommendation: The True Believer by Eric Hoffer.

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