Is Modern Capitalism Broken? | Patrick Boyle

20 snips

Aug 19, 2024

In this discussion with Patrick Boyle, a finance professor and co-founder of a quantitative hedge fund, the complexities of modern capitalism are laid bare. They tackle the tumultuous market shifts of August and ponder the looming inflationary versus deflationary forces in the West. Patrick questions the need for a new industrial policy and its potential pitfalls. The conversation also dives into pressing issues like social media regulations, deteriorating business ethics, and the backlash against immigration, offering a deep look at today’s economic landscape.

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Intro

00:00 • 2min

From YouTube to Mentorship: A Financial Journey

02:18 • 10min

Navigating Career Changes and Success

12:00 • 7min

The Power of Mentorship and Curiosity

18:34 • 4min

Navigating Economic Landscapes: Lessons from Japan

22:31 • 14min

The Role of Government in Innovation

36:53 • 17min

In Episode 377 of Hidden Forces, Demetri Kofinas speaks with Patrick Boyle. Patrick is a founding partner of quantitative hedge fund Palomar Capital, a professor of finance at King’s College London, and the host of “Patrick Boyle on Finance.”

In the first hour, Patrick shares stories from his career in finance, including his time working for Victor Niederhoffer. He and Demetri discuss the market turmoil seen at the beginning of August, including potential causes and implications, and whether the secular economic forces facing Western economies are more likely to be inflationary or deflationary in the years ahead.

In the second hour, Patrick and Demetri discuss whether the U.S. economy needs a new industrial policy, what that would look like in practice, and how it may backfire by stifling rather than promoting innovation. They also discuss the challenges of social media regulations, the deterioration in business ethics, the transatlantic backlash against immigration, and much more.

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 08/08/2024