On Friday afternoon I had Dylan Marrello back on the podcast for a Happy Hour podcast. We talked about the bloodbath in financial markets on Thursday and Friday, the broad uncertainty around tariffs, and wild swings in the market. He pointed out that Trump Derangement Syndrome might potentially impacting investor’s negative sentiment and the extreme fear that the sky is falling after a couple of rough days. We also talked about the misaligned incentives that have turned 5-6 months into a “long-term” time horizon.
I picked his brain on several different sectors, from offshore oil services, to a couple deep value opportunities in the Cannabis sector (one of which is a net-net). He also talked about the potential for changing regulations in the broadcasting sector and the torque that some stocks offer there. He laid out the bull case for his favorite microcap real estate play, and the advantages that America still has, despite some of the recent chaos. There is a lot of uncertainty, shifting global alliances, and no one knows what the next 6-12 months hold.
We also got into some of the problems facing the West, and Wall Street’s parasitic relationship with the rest of the US. He’s still optimistic about the US, and pointed out that Trump’s approach to tariffs has been intentionally chaotic, and why the status quo needs to be broken. Trump is the catalyst for change. Something was going to break at some point anyway, and he thought it’s a good sign that someone is actually thinking out further than a year into the future. It was a great conversation that will have a little bit of something for everybody.
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