Porter Collins and Vincent Daniel are the founders of Seawolf Capital, their family office managed as an old school hedge fund. Previously, they were two of the three members of Steve Eisman’s team at Frontpoint Capital and found themselves in print and on the silver screen as protagonists in Michael Lewis’ The Big Short. Regulations prevent us from disclosing investment returns almost all the time on the show, but Porter and Vinnie manage only their own money today and are an exception to that rule. In the three full years since they started managing their own capital, the pair is up an extraordinary 9x, coming off a 169% return in 2022. Our conversation covers Porter and Vinnie’s background, the Big Short trade, launch of Seawolf 1.0, short stint at Citadel, and lessons learned along the way and put to work at Seawolf 2.0, their family office. We discuss their contrarian value investment approach, transition from financial sector specialists to generalists, investment themes, and the banking system. We close with their perspective on the hedge fund industry and the future of Seawolf. For full show notes, visit the episode webpage here. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

Vincent Daniel of Seawolf Capital returns to Forward Guidance to share his latest thinking on bank stocks, market structure, and long/short investing.Immortalized in “The Big Short,” Vincent’s interview with Jack and his partner Porter Collins in January 2022 can be found here: https://www.youtube.com/watch?v=_b_HCd0ir3k&t=10s____Today's show is sponsored by Public.com: Get a 5.4% yield when you open a government-backed Treasury Account by going to https://public.com/forwardguidance____Follow Vincent Daniel on Twitter https://twitter.com/VD718Follow Jack Farley on Twitter https://twitter.com/JackFarley96Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidanceFollow Blockworks on Twitter https://twitter.com/Blockworks_____Timestamps:(00:00) The Current Setup(06:49) Did SVB Response Fuel Recent Stock Market Rally?(09:22) The Perils Of Shorting Stocks(13:07) Debt Ceiling Resolution(21:17) Public.com(22:21) Passive & Vol Targeting Funds(26:24) Outlook on Stocks(29:47) Importance of Stop-Losses(31:12) How Much Research Before Taking A Position?(32:33) Concentration Risk/Reward: How Many Positions?(34:10) Why Vincent (and Porter) Shorted Banks Before Silicon Valley Bank Collapse(39:31) Banks' Moats Are Less Valuable Now, Says Vincent(42:58) Bank Run Risk Is Higher Now Than During Great Financial Crisis(44:52) Core Tier 1 Is Nonsense(54:01) Private Equity(01:02:30) Can High Debt Levels Hanlde High Interest Rates?(01:06:09) Slaying The Inflation Dragon(01:07:57) Vincent's Views On Bank Stocks Going Forward(01:12:46) Energy Stocks(01:17:00) "The Fed Put Never Died”(01:19:19) Views On Recession Risk: "It's Hard For Me To See A Reflationary Boom"(01:21:52) Uranium____Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Vincent Daniel, a financial markets expert, and Porter Collins, an experienced investor, dive deep into market trends. They compare today's economy to the pre-2007 crash, emphasizing cautious optimism. The duo explores investment strategies, focusing on undervalued assets and the significance of gold amid rising U.S. debt. They discuss the shift towards simplified trading mindsets among new investors and reflect on historical figures like Wilberforce and Volcker, highlighting their legacies in economic stability and justice.

Discussing strange market events, energy stock picks, Fed challenges. Later, exploring high volatility, AI bubble, earnings, and Fed cuts with a Wall Street CIO. Tech market weight, credit contagion, and insights on navigating market trends and economic landscapes.

Dan Nathan, Guy Adami, and Danny Moses discuss generative AI impact on tech stocks like NVIDIA. Vincent Daniel and Porter Collins talk with Danny Moses about stock picking in volatile markets. Topics include recycling tech, consumer spending trends, and Fed rate cut speculations.

Vincent Daniel and Porter Collins from Seawolf discuss market dynamics influenced by CPI data, liquidity-driven environments, and shifts in market structure. They talk about bearish outlooks, market manipulation concerns, and investment strategies in sectors like uranium, gold, cannabis, and gaming. Specific stock picks like Golar, Glass House, and Genius Sports are explored for potential returns amidst current market conditions.

Joining the discussion are Steve Eisman and Vincent Daniel, notable traders from 'The Big Short' fame, who share their expert insights from the iConnections Global Alts Conference. They dive into the current market dynamics and dissect the recent Federal Reserve meeting, calling it a 'nothing burger.' The duo reflects on major earnings, especially Tesla's challenges and Apple's modest growth. They also highlight innovative trading strategies and the potential of gold and Bitcoin amid shifting economic conditions, laying out their views on navigating market cycles.

Vincent Daniel joins the discussion, bringing his expertise in financial trends and economic implications. The conversation dives into China's recent economic stimulus and its potential effects on global markets, especially the S&P 500. Vincent shares insights on how these developments impact sectors like housing and energy, as well as insights into key commodities, particularly uranium. They also explore AI-driven energy demand and the evolving significance of precious metals like gold and silver amidst changing central bank policies.

Vincent Daniel, a market veteran known for co-managing investments during economic changes, and Porter Collins, an expert in financial markets, join the conversation. They analyze the recent market volatility linked to central bank actions, especially the Bank of Japan, and the Jackson Hole symposium's influence on U.S. monetary policy. The duo also discusses strategies surrounding gold and uranium investments while considering the upcoming elections' potential impact on various sectors. Their insights shed light on navigating today's economic landscape with a keen focus on macro trends and stock fundamentals.

Porter Collins, Vincent Daniel, and Danny Moses share market insights and top picks for the year. The discussion includes upcoming tech earnings, Google's cloud business, cybersecurity stock decline, and investment trade ideas. They also touch on AI impact, sector analysis, and shorting Tesla.