Kontrarian Korner #17 - Rudy Havenstein

I was able to get Rudy Havenstein on the podcast last week for a great conversation. We talked about his investing strategy, real estate, inflation, and much more. If you don’t already follow him on Twitter, he’s one of the most entertaining accounts to follow.

I don’t see volatility as risk. I see risk as permanent loss of capital.

Podcast Summary

* His investing strategy, which is focused on the long term and looking for stuff that is out of favor. He’s heavy in energy but also has some stuff he has been hanging onto for three decades.

* His thoughts on real estate and chance that younger generations get a buying opportunity in the next couple years.

* Competition from institutions in the single family housing market.

* Private equity hollowing out different industries.

* We spent some time bagging on Paul Krugman and how the Fed and ZIRP contributed to wealth inequality and the generation divide, as well as the some of the division we see in the country today.

* American culture and the current state of affairs overseas.

* Book Recommendation: Deterring Democracy by Noam Chomsky

Kontrarian Korner is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.kontrariankorner.com/subscribe