Ben Hunt, the author of Epsilon Theory (https://www.epsilontheory.com/) and co-founder of Second Foundation Partners, returns to The Julia La Roche Show to discuss narratives and how they shape everything from financial markets to politics.
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00:00 Introduction to Ben Hunt
01:00 Narrative of narrative
03:08 Narratives behind markets
07:00 Wall Street is a story construction machine
09:08 Bitcoin "number go up" story, narrative evolution
20:00 Post-election market narratives
22:42 Shift from "structural" to "WTF" animal spirits
25:00 Managing market exits and exposure
30:17 How quickly narratives change
36:48 Discussion of "fiat news" concept
44:18 Evolution of semantic layer in markets
47:24 Closing thoughts on understanding storytelling systems
The Julia La Roche Show 