WTFinance

Recorded - 30/08/2022On todays episode of the WTFinance podcast I had the opportunity to speak with Michael Gayed, Portfolio manager at Toroso Investments and Publisher of  @The Lead-Lag Report . During the interview we talked about what is happening in the markets, why markets are acting different this time, whether we could see a housing crash and why it may be a good idea to break the market. I hope you enjoy!0:00 - Introduction0:43 - Michael’s opinion on what is happening in the markets2:27 - Going mad following the markets daily3:30 - Opinions of what is happening and data to support it?7:03 - Going back to traditional trends9:25 - Are we at a late state credit scenario?10:50 - Lumber and could refinancing in housing markets be effected?13:26 - Sometimes it is the best idea to collapse an asset class14:36 - What would need to happen to go risk on?16:28 - Why have we seen the disconnect from trends and does it matter?21:40 - Why central banks don’t have an impact on bonds22:22 - Any positives in the market?24:40 - Which topics were most enlightening from Lead-Lag Report Podcast?26:33 - Any other niche’s peaking Michael’s interests?27:50 - One message from the interview and Michael’s work?Prior to Toroso Investments, Michael was the Co-Portfolio Manager and Chief Investment Strategist at Pension Partners, LLC, an investment advisor managing mutual funds and separate accounts. He is the author of five award-winning research papers on market anomalies and investing. Michael was an active contributor to MarketWatch for a number of years and has been interviewed on CNBC, Bloomberg, and Fox Business, as well as the Wall Street Journal Live for his unique approach to interpreting market movements.Michael earned his Bachelor of Science degree with a double major in Finance & Management at NYU Stern School of Business. Michael became a CFA Charterholder in 2008.Michael Gayed - Website - https://www.leadlagreport.com/Twitter - https://twitter.com/leadlagreportLinkedIn - https://www.linkedin.com/in/michael-a-gayed-cfa/Instagram - https://www.instagram.com/leadlagreport/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance I had the pleasure of speaking with Lukasz Bednarski,  Lithium & Battery Materials Expert and author of the book “Lithium - The Global Race for Battery Dominance and the New Energy Revolution”. Buy the Book Here - https://www.amazon.co.uk/Lithium-Global-Battery-Dominance-Revolution-ebook/dp/B09GKG4VHN/During the interview we talking about the current state of the Lithium and Battery Materials Market, who are the major players, misconceptions about the Lithium and Battery Industry and the potential for recycling. I hope you enjoy!0:00 - Introduction0:28 - Influence for writing the book?1:42 - Current state of Lithium and Battery Materials Market3:14 - Lithium market focusing on future or growth?4:50 - Who are major players in Lithium & Battery Markets?7:50 - The Lithium Triangle and key miners in the future8:51 - Building supply chain in Lithium Triangle11:29 - Environmentally unfriendly Lithium mining?12:54 - Misconceptions about Lithium and the battery industry?14:56 - Greatest risks of the Lithium market?21:10 - Supply shortage in Lithium in the coming year?23:00 - Government support after a shock24:54 - Any other changes need to be made in Lithium Industry?27:08 - Recycling Battery Materials29:41 - One message from our interview/book?Lukasz is a Principal Research Analyst and a member of Global Inorganics- Lithium and Battery Metals Team. He covers battery materials market with particular focus on lithium, graphite, manganese, cathodes and anodes materials.Lukasz has worked in the commodity sector spanning physical trading, training, product management, and research. Prior to joining, his interest in battery materials led to the development of an independent web portal covering the sector.In addition to his degree in Economics and Business Administration from Aalborg University, Lukasz has studied financial topics in China, Russia, Germany, and Liechtenstein.Lukasz Bednarski -Twitter - https://twitter.com/LithiumResearchLinkedIn - https://www.linkedin.com/in/lukasz-b-605a995a/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance Podcast I had the pleasure of speaking with Ben Hunt, the creator of Epsilon Theory and inspiration behind Second Foundation Partners, which he co-founded with Rusty Guinn in June 2018.On the podcast we talked about the philosophy behind Epsilon Theory, why investors ignore error, advice Ben received throughout his investment career and greatest investment you can make. I hope you enjoy!0:00 - Introduction0:23 - “Burn it the F*ck Down”2:00 - Why?4:20 - What is the philosophy behind Epsilon Theory?8:10 - Why do investors ignore the error/epsilon ?13:14 - The influence of narratives on markets20:05 - Do most people see through the narratives?25:20 - Issues predicting the collapse of the system26:57 - Systems evolve or adapt30:45 - Advice Ben received early in his investing career33:50 - It is not about being right, it is about making money34:56 - Growth in wealth vs growth in economy38:25 - Did Paul Volcker take too much credit for drop in inflation?39:45 - Why demographic explanations are wanting?41:55 - What does the increase fiscal and monetary support mean for the economy and markets?46:20 - How has Ben positioned his portfolio?50:13 - Message to take away from the interview?Ben Hunt is the creator of Epsilon Theory and inspiration behind Second Foundation Partners, which he co-founded with Rusty Guinn in June 2018.Epsilon Theory, Second Foundation’s principal publishing brand, is a newsletter and website that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators across 180 countries read Epsilon Theory for its fresh perspective and novel insights into market dynamics. As Chief Investment Officer, Ben bears primary responsibility for determining the Company’s investment views and positioning of model portfolios. He is also the primary author of materials distributed through Epsilon Theory.Ben taught political science for 10 years: at New York University from 1991 until 1997 and (with tenure) at Southern Methodist University from 1997 until 2000. He also wrote two academic books: Getting to War (Univ. of Michigan Press, 1997) and Policy and Party Competition (Routledge, 1992), which he co-authored with Michael Laver. Ben is the founder of two technology companies and the co-founder of SmartEquip, Inc., a software company for the construction equipment industry that provides intelligent schematics and parts diagrams to facilitate e-commerce in spare parts.He began his investment career in 2003, first in venture capital and subsequently on two long/short equity hedge funds. He worked at Iridian Asset Management from 2006 until 2011 and TIG Advisors from 2012 until 2013. He joined Rusty at Salient in 2013, where he combined his background as a portfolio manager, risk manager, and entrepreneur with academic experience in game theory and econometrics to work with Salient’s own portfolio managers and its financial advisor clients to improve client outcomes.Ben Hunt - Epsilon Theory - https://www.epsilontheory.com/Twitter - https://twitter.com/EpsilonTheoryLinkedIn - https://www.linkedin.com/in/bhunt/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance podcast I had the pleasure of speaking with Gwen Preston, Founder of  @The Resource Maven   and expert of the commodities markets. During the podcast we talked about an outline of the commodity markets, how China slowdown may be changing the commodity market, which commodities are underrated and red flags to be aware of when investing. I hope you enjoy!Interview recorded - 11th of August, 20220:00 - Introduction0:20 - Outline of Commodities market5:00 - Looking too far ahead for commodities?7:30 - Slowdown in China and shift away10:17 - Major investment in commodities after shock12:30 - Commodity countries will benefit13:05 - What commodities are underrated18:28 - FED pivoting?21:40 - Key indicators Gwen is watching?25:30 - Current price action in Copper27:14 - How Gwen has positioned her portfolio?30:10 - Exposure through stocks?31:30 - What do you look at in a stock?34:55 - Red flags for companies?38:03 - One message to take away from our interview?38:58 - Resource MavernGwen knows mining and exploration. As a senior writer with The Northern Miner, Gwen spent years visiting projects and interviewing geologists, management teams, and analysts to understand which projects and pieces of news mattered and why. In the midst of that, she spent two years working with Marin Katusa of Casey Research, where she learned about capital markets and the newsletter business.She now has a deep base of knowledge and a network of contacts across the sector, exactly what is needed for successful resource investing.Resource Maven offers full exposure to Gwen’s search for resource stocks with real potential. The search incorporates all the factors that play into a company’s odds of success:- The markets. Gwen launched Resource Maven in late 2014 for a reason: the best time to invest is at the bottom and the metals markets are there. The pending bull cycle will offer a rare opportunity to multiply money as demand bests supply for many metals, prices climb, and investors return to the very real resource market.- Geology. Before all else, a project has to offer prospective geology. With a background in chemistry and many years on the job, Gwen understands the basics of geology. When the talk gets too technical, she has a list of experienced geologists she is lucky to call friends who help her understand and assess.- Location. Politics, fiscal regimes, social considerations, and infrastructure can make or break a project. Understanding these issues is essential in selecting resource investments with real potential.- Money. Raising money for exploration is not easy; finding funds to build a mine is even harder. Success depends on the right kind of promotion, tight financial management, strong negotiating skills, and above all else retaining a focus on building shareholder value. It is here that the people running a company really matter.Gwen Preston - Website - https://resourcemaven.ca/LinkedIn - https://www.linkedin.com/in/gwen-preston/Twitter - https://twitter.com/miningmavengwen?YouTube - https://www.youtube.com/channel/UCjHtT-BWGrCJIwEymKADYgQ?view_as=subscriberWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 2nd of August, 2022On todays episode of the WTFinance I had the pleasure of speaking with Jón Daníelsson, Reader in Finance, Director of the Systemic Risk Centre at London School of Economics and author of the recently released book “The Illusion of Control: Why Financial Crises Happen, and What We Can (and Can’t) Do About It”.Buy the book here - Amazon - https://amzn.eu/d/4TdNJCfIndependent - https://uk.bookshop.org/books/the-illusion-of-control-why-financial-crises-happen-and-what-we-can-and-can-t-do-about-it/9780300234817On the podcast we talked about what is systemic risk, why financial crises occur, what causes them and changes that should be made in the future. I hope you enjoy!0:00 - Introduction0:27 - Jon’s influence for writing the book?1:04 - What is systemic risk?1:40 - More systemic risk in financial markets?2:39 - Extreme cases in UK and Iceland3:48 - Major factors that increase systemic risk?5:58 - Fools game for Central Bankers and Policy Makers?7:30 - What would the intelligent strategies for regulating financial markets?9:30 - How can Central Bankers and Policy Makers reduce Risk?11:25 - Taking away liquidity with high public and private debt?13:33 - Banks create money16:50 - Central Bank Time lag between decisions20:40 - How will the change occur?25:24 - Balance between protecting consumers and allowing innovation27:34 - Too Big to Fail Banks29:17 - Diversifying the landscape of banking and finance30:28 - Any similarities between today and 2008?31:38 - Credit Suisse having issues recently33:10 - The struggle managing massive companiesJón Daníelsson is director of the ESRC funded Systemic Risk Centre at the London School of EconomicsJón received his PhD in economics from Duke University, where his dissertation focussed on stochastic volatility. His research interests include systemic risk, financial risk forecasting and financial regulations.Jón has written two books, Financial Risk Forecasting and Global Financial Systems: Stability and Risk and published a number of articles in leading academic journals.Jón Daníelsson -Website - https://modelsandrisk.org/LinkedIn - https://www.linkedin.com/in/jon-danielssonTwitter - https://twitter.com/jondanielsson?s=21&t=KugDbCWdW9Cco3SBQ7NpuQWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Interview recorded - 1st of August, 2022On todays episode of the interview I had the pleasure of speaking with Srivatsan Prakash - Host of Market Champions Podcast, Analyst at Simplify ETF & Future Macro Expert. On the podcast we talked about whether we could see a recession, what would happen if the FED pivots, whether the markets have priced in monetary policy and which Macro experts you should follow. I hope you enjoy!0:00 - Introduction0:55 - Are we in a recession?4:20 - Mixed signals from data (some positive & some negative)9:00 - Switch from spending on durables to services9:33 - Could we see deflation from a drop in consumption?13:00 - What happens if FED pivots?15:50 - Long-term cyclical macro trends leading to continued inflation?20:35 - Strong demographic countries picking up the slack23:20 - De-globalisation take as long as globalisation?25:30 - Have markets priced in slow downs?30:00 - Any other macro trends watching?31:33 - High index concentration may reduce downside?32:30 - Stock-based concentration hiding operation margins35:25 - ARKK and other high risk funds holding up company prices37:48 - What could be the inflexion point?42:40 - What Macro experts would Sri recommend you watch?44:10 - Greatest piece of macro advice?46:50 - One question to take away from interview?Srivatsan Prakash - Podcast - https://www.youtube.com/channel/UC3zc51x38Rt_oHdLj7L1NXwWebsite - https://marketchampions.us/LinkedIn - https://www.linkedin.com/in/srivatsprakash/Twitter - https://twitter.com/SrivatsPrakash?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5EauthorWTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance I had the pleasure of speaking with @Let's Talk Money! with Joseph Hogue, CFA .During the interview we talked about learning from personal investment mistakes, similarities between today and the dot.com bubble, whether we could see a recession and how Joseph has positioned his own portfolio.0:00 - Introduction0:30 - Joseph’s background1:40 - The investing bug3:00 - Learning from personal investment mistakes4:20 - Similarities between today and the dot.com bubble?6:00 - Opportunity to take advantage of growth stock drop8:05 - Could we see a recession?10:45 - How has Joseph positioned his own portfolio?13:50 - What indicators are you watching to identify changing trend?16:30 - If we see interest rates a 5-6%, will FED continue raising?18:05 - Advice for dealing with volatility?20:30 - Lessons Joseph has learnt from his investing mistakes21:50 - How Joseph analyses companies?24:30 - Red flags for a company?26:50 - Examples of investments going bad?27:40 - One message to takeaway from interview?28:24 - Lets talk moneyBorn and raised in Iowa, Joseph Hogue graduated from Iowa State University after serving in the Marine Corps. He worked in corporate finance and real estate before starting a career in investment analysis. He has appeared on Bloomberg and CNBC and led a team of equity analysts for a venture capital research firm. He holds a master’s degree in business and the Chartered Financial Analyst (CFA) designation.Online influencer through YouTube and four web properties, Joseph loves the personal connection he has built with those in the community. Through his channel (Let's Talk Money) and four blogs, Joseph has reached over a million people a month through topics like investing, making money and personal finance.Joseph Hogue - Website - https://mystockmarketbasics.com/YouTube -  @Let's Talk Money! with Joseph Hogue, CFA  Twitter - https://twitter.com/stockmarketjInstagram - https://www.instagram.com/lets_talk_money_josephhogue/?hl=enLinkedIn - https://www.linkedin.com/in/josephhogueefficientalpha/WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance I was happy to host  @Felix & Friends , experienced investment, Founder of Goat Academy and host of Felix & Friends YouTube page. On the podcast we talked about Felix's investment background, the challenges retail investors have, trading volatility through options and more! I hope you enjoy. 0:00 - Introduction0:27 - Felix’s investing background1:46 - Bad experiences in finance industry6:10 - When you start investing matters10:14 - Retail investors over allocating 12:51 - Felix’ strategy to analyse companies16:30 - Kelly Criterion 18:23 - Felix’ option trading strategy25:13 - Trading volatility27:35 - Indicators for a recession and does it effect your strategy?30:47 - Investing in Asian markets?34:01 - Liquidity in option trading35:29 - Greatest mistakes retail investors make?37:27 - Animal appearance 38:00 - One message to takeaway from interview?Felix is an economist, banker and lawyer who quit the corporate world to be an entrepreneur and investor.  Felix and his furry friends share their 20+ years experience of investing in stocks, private equity, real estate and bonds daily on YouTube. His mission is to help you achieve financial freedom.Felix - Youtube -  @Felix & Friends  Website - https://goatacademy.org/Twitter - https://twitter.com/financefelixLinkedIn - https://www.linkedin.com/in/felix-goat-academy/WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance podcast I had the pleasure of speaking with Taylor Kuykendall, Energy and Mining Reporter at S&P Global Market Intelligence. On the podcast we talked about the coal industry, how it has changed over the past 10 years, the future of coal and misconceptions of the market. I hope you enjoy!0:00 - Introduction0:24 - How has the coal industry changed over the 10 or so years?4:00 - Coal produced for domestic use?5:05 - Do different regions have different coal prices?6:45 - Primary uses of coal?8:05 - Geopolitical nature of coal?8:40 - Recent shifts in coal industry?12:10 - Why hasn’t the US Coal industry consolidated?14:55 - Will there be supply shortages in coal in the future?17:15 - How have miners ESG evolved?18:50 - Will ESG changes continue with higher energy prices?19:35 - Largest misconceptions for the coal industry?21:20 - Change in coal demand?24:20 - One message to takeaway from our interview?Taylor Kuykendall covers the metal and mining sector for S&P Global Market Intelligence’s news division with a deep history covering the U.S. coal sector in particular. He regularly tracks both coal production and generation trends with an eye toward potential shifts driven by policy, markets, and technology. Recent work has also included broader coverage of environmental, social and governance issues in the mining and energy sectors as investors increasingly pressure both to address concerns in those areas.Taylor Kuykendall - Website - https://www.spglobal.com/marketintelligence/contributors/311169/taylor-kuykendallLinkedIn - https://www.linkedin.com/in/taykuy/Twitter - https://twitter.com/taykuyWTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

On todays episode of the WTFinance podcast I interviewed Henry Sanderson, Executive Editor at Benchmark Mineral Intelligence and author of the upcoming book "Volt Rush: The Winners and Losers in the Race to Go Green". Buy the book here - https://www.amazon.co.uk/Volt-Rush-Winners-Losers-Green/dp/0861543750/During the interview we talked about commodity demand, what rare earth materials will be vital for the future, whether there are enough materials to go fully renewable and the need to onshore. I hope you enjoy!We depend on a handful of metals and rare earths to power our phones and computers. Increasingly, we rely on them to power our cars and our homes. Whoever controls these finite commodities will become rich beyond imagining.Sanderson journeys to meet the characters, companies, and nations scrambling for the new resources, linking remote mines in the Congo and Chile’s Atacama Desert to giant Chinese battery factories, shadowy commodity traders, secretive billionaires, a new generation of scientists attempting to solve the dilemma of a ‘greener’ world.0:00 - Introduction0:30 - Influence for writing the book?1:50 - Commodity demand trend moving away from China3:05 - Rare metal materials that will be vital for the future?4:25 - Will there be enough materials to go fully renewable?5:40 - Time to get mines online6:30 - Onshoring metal refineries8:10 - Majority of processing in China9:30 - Who are the major players in materials?12:20 - The Nickel problem?15:25 - Any other major sources of nickel?17:40 - Could demand for commodities create continued inflation?18:45 - Increased interest and investment in sector?19:09 - LME Nickel issue occurring again in the future?21:30 - Limit ups and downs in commodities22:40 - One message to take away from your book?Henry grew up in Hong Kong, and studied in the UK and the US. He worked as a journalist in New York, Beijing, and London. While living in Beijing for seven years, Henry co-authored a book with Michael Forsythe (now at the New York Times) about China’s largest overseas lender, China Development Bank, which lent billions to countries such as Venezuela, playing a key role in the spread of China’s power and state capitalism overseas. Henry is particularly interested in the geopolitics of the global energy transition and how individual Chinese companies define China’s embrace of the world. He currently works as executive editor for Benchmark Mineral Intelligence, a leading provider of data and analysis for the lithium ion battery supply chain. Henry Sanderson - Website - https://www.henrysanderson.net/Twitter - https://twitter.com/hjesandersonLinkedIn - linkedin.com/in/henry-sanderson-9889297/WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfnTikTok - https://vm.tiktok.com/ZMeUjj9xV/iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas