The Aaron Renn Show NATE FISCHER: The Macro Trends Shaping Tomorrow's World
Sep 30, 2024
Nate Fischer, founder and CEO of New Founding, dives into macro investing and the economic trends shaping our future. He discusses the importance of investing against the grain in distressed real estate and the impact of political turmoil during the Trump era. Fischer highlights financial system fragility and calls for urgent changes. He critiques conventional leadership models, advocating for real-world experience. The conversation also covers innovative insurance solutions and the creation of values-aligned communities to drive social and economic change.
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Macro Investing Explained
- Macro investors focus on broad change and bet on multiple scenarios rather than specific undervalued assets.
- They envision different world configurations, unlike value investors who expect stability over decades.
Real Estate Bet After Crash
- Nate Fisher bought thousands of distressed apartments in Florida and Texas post-2008 crash, betting on continued population growth.
- Despite mistakes, the properties rebounded significantly, proving his macro thesis right and yielding large profits.
U.S. Institutional Fragility
- American institutions face destabilizing pressures from political conflict, bureaucratic stagnation, and cultural alienation.
- These trends undermine legitimacy and open the door to new forms of societal and institutional organization.