The ACID Capitalist Podcast

Explore the complex relationship between the U.S. dollar and global finance, revealing it as both a symbol of strength and a potential burden. Delve into the fragile dynamics of trade, where the U.S. deals in deficits and other nations hoard collateral. Unpack the implications of quantitative easing, often seen as retaliation rather than stimulus. The discussion also highlights how these policies impact wealth distribution, the housing bubble, and the looming threats to the credibility of global currencies like the yen and yuan.

Dive into wild financial tales from a hedge fund rookie navigating a volatile market. Experience the thrill of unconventional bets, like his audacious short on the dollar. Discover the allure of Amsterdam Commodities—cheap, opaque, and surprisingly rewarding. Reflect on the post-dot-com lessons learned amidst market chaos, emphasizing the power of contrarian thinking and instinct over conventional wisdom. Brace for a blend of finance and humor, as personal anecdotes add spice to the high-stakes world of investing.

Dive into the evolution of economic thought as historical giants like Hamilton and Lincoln face off against Ricardo's theories. The discussion highlights tariffs as tools of industrial sovereignty and rebellion, not isolation. Explore the contrasting fates of America and Argentina in their paths to industrialization. The need for sustainable governance versus quick financial gains raises critical points about capitalism's effects on society. Ending on a reflective note, the conversation invites personal choices in shaping economic futures.

Send us a textA beachside macro sermon on whale liquidations, a 5700 S&P play, and why Treasuries are the keystone to everything. Solana trades, SOFR action, and The Acid Capitalist’s call to be volatile, be violent, be legendary. Stay acid.⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts!🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X📩 Substack👂Listen and 🔥 Subscribe📺 YouTube🎧 ...

Send us a textWelcome backThe breeze is talking again. The sea too, whispering something older than the market, more enduring than yield curves. This episode was recorded beneath Saharan skies on the island of St. Barts, during Acid Capitalist Summer Camp 2.0. But what is a camp if not a gathering of searchers. A pause in the trade winds to ask the old questions.I was met by a journalist. Young, wide-eyed, barefoot. She carried a pencil and the memory of a mixtape. She asked me to speak of fear, folly, volatility and love. I answered not with answers but with exhalation. We spoke of exile, of turtles, of the dull ache of markets remembered and misremembered.Just like Johnny Rotten sang, "This is Not a Love Song", in 1983, this is not an investment interview, more a moment.The market is a hallucination. It's also a mirror. I once managed billions. Today, I manage time. There's something here, in this place, that bends the arc of memory. You come to St. Barts to heal, or to vanish. Perhaps both.There is no grand thesis. Only a few half-remembered charts, a Rolling Stones lyric, and the suspicion that finance was never about spreadsheets but about stories.This episode is a love letter. To serendipity. To misfits. To the exquisite loneliness of being early.Draw close to the speaker. Tilt your face toward the trade winds. Pour something cold and forget, for a moment, the noise.The tape begins...Hugh HendryThe Acid Capitalist⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts!🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X📩 Substack👂Listen and 🔥 Subscribe📺 YouTube🎧 ...

Dive into the wild world of Wall Street in 2006, where extravagant parties and outrageous antics ruled the day. Meet Scotty, the last Scotsman, as he hilariously struggles with booze and the chaos around him. Discover the wild attempt to cover the smell of strippers with gasoline and the absurdity of mixing hedonism with high finance. Relive unforgettable nights and memorable characters in a landscape where decorum goes up in smoke. It's a madcap journey through a whimsical and reckless financial era.

Derek Wallis, Head of Equity Execution at Soros Fund Management, shares his thrilling journey through the chaotic world of Wall Street. He recounts a hair-raising moment when he had to inform Stan Druckenmiller about a billion-dollar mistake. Wallis paints a vivid picture of trading sharks like George Soros, whose market instincts are almost otherworldly. The conversation explores the evolution of trading practices leading up to the 2007 financial crisis and offers insights on risk management for personal investing. It's a wild ride through finance!

Send us a textIn this episode of The Acid Capitalist, Hugh Hendry dives into the volatile world of FinTech, analyzing Wise and its market positioning compared to giants like PayPal. He shares insights from an encounter with a young, die-hard value investor, dissecting the risks of stock-picking in a sector riddled with landmines.Are FinTech disruptors truly innovative, or are they just banks in disguise riding the interest rate wave? Hugh breaks down the hidden risks of cash transfer companies, the role of interest income, and why pricing wars could push margins to zero. With PayPal’s stock crumbling and Wise at an all-time high, is this the next big breakout or a ticking time bomb?Join Hugh as he takes a contrarian look at the forces shaping FinTechs, from the battle for profitability to the long-term sustainability. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts!🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X📩 Substack👂Listen and 🔥 Subscribe📺 YouTube🎧 ...

Send us a textWelcome to a Christmas like no other, where I wrestle with the absurdities of modern finance and the strange beauty of human existence. From the quiet shores of St. Bart's, and it’s a quiet one for sure, Christmas morning and i’m about to post this to you all. There’s a cool macro economic essay in there somewhere. I wanted to get something, anything out there for this holiday season; I hope you can forgive the heavy breathing…This is a meditation on what it means to live in a world where financial systems are warped mirrors of reality. Why does the U.S. economy continue to thrive against the odds? What does it mean when a stock doubles in a month, only to face existential doubt the next? Are we all, prisoners of a system that was never truly rational to begin with?I reflect on moments from my own career, like the time I wagered against the optimism of Nokia in 1999 or found myself apologizing to a Carphone Warehouse magnate, my words echoing through the Mayfair offices as traders placed bets on how many times I’d say “sorry.” But this episode is mostly about life. About finding meaning in the noise, about letting go of the need for answers, and embracing the simple act of questioning.  So, as 2024 fades into memory, join me in this moment of quiet reflection. Let’s step away from the screens, the data, the endless rush to predict the unpredictable. Let’s sit with the questions, about markets, about ourselves, and see what they reveal.Because, as I sit here on a stunning Christmas day, staring at the endless blue of the Caribbean Sea, I'm reminded, that you and me, we don't have all the answers. But we've got really good questions. What happens when the Chinese stop buying US risk capital? Does the global stock market music stop?These are THE questions for today. But they're questions worth holding onto as we head into the new year. Answers that will reveal themselves when they're good and damned ready to reveal.So, Good luck, my brothers and sisters.The spirituality of curiosity.I leave it for you to decide.Hugh⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts!🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X📩 Substack👂Listen and 🔥 Subscribe📺 YouTube🎧 ...

Dive into the unpredictable world of markets while soaking up the sun in St. Barts. Explore how Tesla's rise and Bitcoin's potential tackle the anxiety behind financial trends. Enjoy an absurd tale of a West Hollywood encounter that hilariously parallels market volatility, revealing the unpredictability of life itself. Gain insight on the importance of staying prepared amid economic shifts and discover a moment of mindfulness that angles for clarity among chaos. It's a wild ride of laughter, insight, and engaging tales!