Odd Lots Nick Denton's Big Bet Against the United States
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Mar 31, 2025 
Nick Denton, founder of Gawker Media, is reinventing himself in Budapest after turning away from the US market. He discusses his bullish stance on China and the implications of Elon Musk's fall from grace. Denton elaborates on the shifting sentiments among European elites and why they're distancing from the US. He also touches on the rise of AI in journalism and trading, the growing market dynamics in Asia, and how political risks reshape investment strategies. His bold insights highlight a transformative era in the global landscape.
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Shifting Global Markets
- Betting on the U.S. stock market against all else has been a winning trade for 15 years.
- This trend has recently reversed, prompting questions about global diversification.
The American Empire's Decline
- Many see parallels between the current European situation and the fall of the Soviet Union.
- Nick Denton, present in Eastern Europe during 1989, notes key differences.
Denton's Big Bet
- Nick Denton is leaving the U.S. and moving to the Buda Hills near Budapest.
- He has shifted his stock portfolio from 100% U.S. assets to 100% China and Southeast Asia.