Best of Panic: Jan van Eck of VanEck on Global Markets, Deglobalization, and Rising Interest Rates (EP.273)

In this re-run of Best of Panic, I had been dying to get Jan on the podcast. After my brief podcast break, I decided to have a lot of my friends on – people I like talking to about markets. Jan will always be one of those people. He’s super smart and well educated. I’m in the lucky position where I don’t have to be in the market, but because I’m fascinated by markets, started Stocktwits, love talking about them, and want to continue banging out some alpha, I invited Jan on the podcast. 

We had a great discussion about debt. We talk about money flows, and while Jan wasn’t the earliest, but early enough with directionally putting his firm on a path towards crypto, he had a lot of neat insights there as well. As was true then and is true now, people need to be thinking about the market in just a little different way than what worked in the past. 

Guest - Jan van Eck, CEO at VanEck Securities Corporation 

howardlindzon.com, vaneck.com 

Twitter: @howardlindzon, @PanicwFriends, @JanvanEck3, @VanEck_US, @knutjensen 

linkedin.com/in/janfvaneck

#fintech #invest #investment #venturecapital #stockmarket #finance 

Show Notes:

• Introduction (00:39)
• Welcome Jan (04:02)
• Growing a mature business (04:52)
• History is a teacher (07:73)
• Becoming a ‘Macro Structuralist’ (12:58)
• Lessons from the 1970s (14:49)
• The right way to view inflation (15:17)
• Bonds outperform stocks (16:54)
• Will the Fed pivot? (19:12)
• The ETF business (24:49)
• Crypto-related ETNs (27:21)
• China growth & demographics (28:40)
• Getting smarter on Brazil (29:04)
• Web3 (30:18)
• Thoughts on Wealthtech (34:08)
• What if 60/40 is wrong? (35:10)
• Jan argues Howard’s book (39:23)
• People care about performance (39:42) 
• Why Jan invested with Howard (40:46)
• Diseconomies of scale (41:45)
• The future of ETFs (43:33)
• Cherry-picking in public markets (46:11)
• Jan’s favorite podcasts (47:44)
• Wrapping up (50:16)
• Closing thoughts (51:37)