Joe Lonsdale: American Optimist

Ep 82: Whitney Baker's Masterclass on Macro Investing & the State of the Economy

35 snips
Mar 21, 2024
Delve into macro investing with expert Whitney Baker as she traces economic history from the 1970s to today. Explore the impact of deficit spending, China's entry into the US bond market, and the dot com bubble. Learn how inflation and the Federal Reserve's actions shape the economy, and how technological progress can drive us forward despite challenges.
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INSIGHT

Investing as a Tool for Understanding

  • Whitney Baker's interest in investing stems from a desire to understand the world's workings.
  • She uses investing as a medium to explore and test her understanding of global forces.
INSIGHT

Macro Investing Focus

  • Macro investing focuses on money and credit flows, borrowing cycles, and their impact on asset valuations.
  • A long period of unconstrained balance sheet growth raises sustainability questions.
ANECDOTE

Mentorship and Bridgewater's Transparency

  • Joe Lonsdale mentions learning from Stan Druckenmiller, Scott Bessent, and Greg Jensen.
  • Whitney Baker highlights the importance of radical transparency learned at Bridgewater.
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