We Study Billionaires - The Investor’s Podcast Network

RWH012: Fear the Fed w/ Jim Grant

Aug 21, 2022

Jim Grant, a renowned financial expert and author, shares his insights on the economic landscape shaped by past inflations. He warns against the futility of predicting interest rates while emphasizing the lessons history teaches us about human behavior with money. The discussion highlights the Federal Reserve's role in recent inflation and the dangers of overconfidence in central banking. Grant prefers gold over Bitcoin for financial protection and discusses investment opportunities amidst current market risks, notably expressing skepticism towards China.

01:57:57

Episode guests

Jim Grant

Highlights

AI Chapters

Episode notes

jim's Disdain for the Federal Reserve Runs Deep

02:01

The History of Inflation

01:20

How Long Is Your Advestment Horizon?

01:33

Is the Future Brighter?

01:25

Intro

2min

A Musical Journey to Military Reflections

14min

From Crime Scenes to Financial News: A Journalist's Journey

2min

Lessons from a Turbulent Economic Era

13min

Navigating Uncertainty in Market Predictions

6min

Market Timing and Monetary Policy Insights

18min

Perception Challenges in Finance

15min

Navigating the Shift in Bond Market Dynamics

6min

Creating Lasting Memories Through Travel Experiences

2min

10.

Navigating Safe Havens: Gold, Bonds, and Beyond

17min

11.

Navigating Market Volatility: Lessons from History

18min

12.

The Writer's Journey: Passion and Perseverance

8min

IN THIS EPISODE, YOU’LL LEARN:

18:35 - How the Great Inflation of 1965-81 shaped Jim Grant’s views on our current predicament.
25:31 - How history shows us that human behavior around money has never really changed.
30:50 - Why it’s futile to forecast interest rates, but wise to know what’s happened in the past.
42:53 - How the Federal Reserve sparked rampant inflation, why it’s scary, & how to deal with it.
55:16 - How central bankers illustrate the perils of overconfidence & the need for humility.
1:03:20 - How the Fed could wreck the U.S. economy while attempting to tame inflation.
1:07:01 - What investment opportunities Jim sees in this high-risk economic environment.
1:10:43 - Why he’s bearish on bonds as a 40-year cycle of falling interest rates comes to an end.
1:19:40 - Why Jim likes gold, not Bitcoin, as a protection against financial chaos & monetary folly.
1:35:07 - Why he adamantly refuses to invest in China.
1:28:47 - What Jim thinks of great investors like Seth Klarman, Paul Tudor Jones, & Bill Miller.
1:36:14 - How to handle the emotional challenge of investing when the stock market is tumbling.
1:40:57 - What we can learn from Bernard Baruch, one of the best investors of the 20th century.
1:44:22 - What you can learn from a classic investment book about the secret of “dying rich.”
1:53:10 - What Jim regards as “the most precious commodity” in life.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jim Grant’s website for Grant’s Interest Rate Observer.
Subscribe to Almost Daily Grant’s, a free (almost) daily commentary on financial markets.
Grant’s Current Yield Podcast, which is co-hosted by Jim & his colleague Evan Lorenz.
Jim’s annual investment conference in New York City.
Jim’s book Bernard M. Baruch: The Adventures of a Wall Street Legend.
Jim’s book Bagehot: The Life and Times of the Greatest Victorian.
Jim’s investment recommendation, Palm Valley Capital Value Fund.
William Green interviews Bill Miller about Bitcoin on the “Richer, Wiser, Happier” podcast.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
William Green’s Twitter.

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