Hedgeye Macro analyst Ryan Ricci breaks down finance to its simplest form to help you build wealth over the long term.DISCLAIMERThis content has been prepared by Hedgeye Risk Management, LLC (“Hedgeye”) and is presented for informational purposes only. Hedgeye is not a broker dealer and does not provide investment advice to individuals.  None of the information contained herein constitutes an offer to sell, or a solicitation of an offer to buy any security or investment vehicle, nor does it constitute an  investment recommendation or legal, tax, accounting, or investment advice by Hedgeye or any of its employees, officers, agents, or guests.  This information is presented without regard for individual investment preferences or risk parameters and is general, non- tailored, non-specific information. This content is based on information from sources believed to be reliable.  Hedgeye is not responsible for errors, inaccuracies, or omissions of information.  The opinions and conclusions contained in this report are those of the individual expressing those opinions or conclusions and are intended solely for the use of Hedgeye’s subscribers and the authorized recipients of the content.  The opinions of HedgeyeTV guests are not the opinions of Hedgeye.  Hedgeye is not responsible for the opinions of their guests or the content or information they may provide.Hedgeye distributes content on behalf of Tier 1 Alpha, LLC, a third-party content provider with shared ownership.All investments entail a certain degree of risk and financial instrument prices can fluctuate based on several factors, including those not considered in the preparation of the content. Consult your financial professional before investing.TERMS OF USEThe information contained herein is protected by United States and foreign copyright laws and is intended solely for the use of its authorized recipient; there is a fee associated with access to this report. Access must be provided directly byHedgeye. Redistribution or republication of the content is strictly prohibited. By joining this call or possessing these materials, you agree to these terms and Hedgeye Terms of Service. For more detail, please refer to the Terms of ServiceHedgeye Founder & CEO Keith McCullough's long-awaited new book, “Master The Market” is available now! In this 52-page e-book, Keith McCullough distills decades of Wall Street experience into actionable insights. Discover how to navigate market cycles, avoid major losses, and invest with the confidence of a seasoned pro. Download your free copy right now. Go to Hedgeye.com/book. That’s Hedgeye.com/book. Start generating alpha with our suite of “Sector Pro” investing research products. Dive deep into Retail, Industrials, Technology (and everything in between) with exclusive access to the sharpest analysts and actionable ideas on Wall Street. CLICK HERE to check out out product page. The Call @ Hedgeye is a live webcast that pulls back the curtain on the decision-making process of a world-class hedge fund. Our team of 40+ equity analysts join Hedgeye CEO Keith McCullough weekdays at 7:45am ET to discuss key market developments, trends and our high-conviction long and short investing ideas. You will not get this granular level of insight anywhere else. CLICK HERE to check out our product page.

***This webcast originally aired live on Hedgeye.com on Oct. 20, 2020***The crypto community celebrated when MicroStrategy Founder & CEO Michael Saylor recently tapped the firm’s cash to buy $425 million in Bitcoin. “This is not speculation,” Saylor says. Watch this webcast with Saylor and Hedgeye CEO Keith McCullough discussing why Saylor believes Bitcoin is “less risky than holding cash.”Visit Hedgeye.com for more great investing content.Subscribe to other Hedgeye Products Here:The Call @ HedgeyeThe Macro ShowSignal Strength StocksTop Stock PicksHedgeye Founder & CEO Keith McCullough's long-awaited new book, “Master The Market” is available now! In this 52-page e-book, Keith McCullough distills decades of Wall Street experience into actionable insights. Discover how to navigate market cycles, avoid major losses, and invest with the confidence of a seasoned pro. Download your free copy right now. Go to Hedgeye.com/book. That’s Hedgeye.com/book. Start generating alpha with our suite of “Sector Pro” investing research products. Dive deep into Retail, Industrials, Technology (and everything in between) with exclusive access to the sharpest analysts and actionable ideas on Wall Street. CLICK HERE to check out out product page. The Call @ Hedgeye is a live webcast that pulls back the curtain on the decision-making process of a world-class hedge fund. Our team of 40+ equity analysts join Hedgeye CEO Keith McCullough weekdays at 7:45am ET to discuss key market developments, trends and our high-conviction long and short investing ideas. You will not get this granular level of insight anywhere else. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.

Danielle DiMartino Booth, a former Fed advisor and Chief Strategist at Quill Intelligence, shares her insights on the Federal Reserve's policy mistakes and their rising market risks. She examines the disconnect between inflation data and Fed responses, affecting housing affordability. The discussion also highlights the bureaucratic nature of the Fed, political pressures shaping monetary decisions, and the impact of fiscal policies on workforce participation. Booth's wit shines as she navigates these complex economic topics, making for an engaging conversation.

In this insightful chat, Jim Rickards, a Wall Street veteran and former Defense advisor, shares thoughts on the market's future, especially if Trump returns to the White House. He explores the implications of AI in finance, revealing risks of market manipulation and instability. Jim discusses the recent banking crises and the evolving concept of money, emphasizing moral considerations. The conversation also touches on misinformation in the AI age, urging investors to navigate uncertainties with informed perspectives and highlight the importance of human intuition in decision-making.

Discover the magic of compounding in building long-term wealth. Patience is crucial, as small, consistent investments can yield monumental returns by retirement age. Learn the importance of risk management and living below your means for financial independence. Delve into how even modest contributions can drastically change your financial future. The insights extend to volatile assets like Bitcoin, illustrating a balanced approach to investment. Uncover the transformative power of disciplined saving and strategic growth!

In a gripping discussion, investor and bestselling author Jim Rickards tackles the complexities of our current economic climate. He uncovers the detrimental impact of pandemic lockdowns on society and mental health. The conversation dives into gold’s resilience amid economic deflation, critiques Modern Monetary Theory, and reflects on historical lessons from the Great Depression. Rickards also analyzes the shifting dynamics within the Republican Party and the implications for economic policies, offering listeners profound insights into navigating these turbulent times.

JT Taylor, Hedgeye's Managing Director for Macro Policy, and Neil Howe, a historian and economist, dive deep into the transformative post-election landscape. They explore Trump's unexpected electoral success, demographic shifts in voter support, and the financial muscle behind campaigns. Discussions touch on the impact of cannabis policies and generational changes within politics. Expect insights into the Democratic Party's future leadership and the broader implications for nationwide investment strategies as the political terrain evolves.

Discover the complexities of drawdowns and their impact on long-term investment planning. Learn how historical market downturns can influence psychological and strategic responses, emphasizing the importance of timing. Explore smart selling strategies during market volatility to maximize returns and the necessity of diversification, especially in the crypto market. Gain insights into essential tactics for new investors, including patience and consistent contributions, while understanding the critical role of break-even points and compounding in wealth building.

Eric Larkin, Senior Advisor at McAlvany Precious Metals, shares his expertise in precious metals investment strategies. He explores the complexities of silver and gold markets and highlights valuable lessons from mentorship and community learning. Larkin delves into the cult-like mentalities in investing, urging listeners to challenge mainstream narratives. He also discusses investment tactics for buying low and the importance of reputable dealers, alongside insights into cryptocurrency and the logistics of storing physical metals.

Join us for a one-on-one conversation between renowned economist Steve Hanke and Hedgeye Founder & CEO Keith McCullough. In this exclusive webcast, Hanke will share his prescient insights on U.S. inflation, the shrinking money supply, and the potential U.S. economic slowdown.This is a return visit for Professor Hanke (a fan favorite among #HedgeyeNation faithful) whose forecasts have been remarkably accurate—most notably his accurate prediction of the U.S. inflation spike. Don’t miss this opportunity to hear his latest outlook as he unpacks the Federal Reserve’s next move and what it means for markets and the economy.Visit Hedgeye.com for more great investing content.Subscribe to other Hedgeye Products Here:The Call @ HedgeyeThe Macro ShowSignal Strength StocksTop Stock PicksHedgeye Founder & CEO Keith McCullough's long-awaited new book, “Master The Market” is available now! In this 52-page e-book, Keith McCullough distills decades of Wall Street experience into actionable insights. Discover how to navigate market cycles, avoid major losses, and invest with the confidence of a seasoned pro. Download your free copy right now. Go to Hedgeye.com/book. That’s Hedgeye.com/book. Start generating alpha with our suite of “Sector Pro” investing research products. Dive deep into Retail, Industrials, Technology (and everything in between) with exclusive access to the sharpest analysts and actionable ideas on Wall Street. CLICK HERE to check out out product page. The Call @ Hedgeye is a live webcast that pulls back the curtain on the decision-making process of a world-class hedge fund. Our team of 40+ equity analysts join Hedgeye CEO Keith McCullough weekdays at 7:45am ET to discuss key market developments, trends and our high-conviction long and short investing ideas. You will not get this granular level of insight anywhere else. CLICK HERE to check out our product page.