WTFinance

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

On todays episode of the WTFinance podcast I spoke with Dan McCrum - multi-award winning journalist at the Financial Times and author of the recently released book "Money Men: A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth".On the podcast we talked about how Dan was involved in the story, what was Wirecard, how it became the tech darling of Germany and EU, how the fraud was discovered and the fallout of the whole situation. I hope you enjoy!Buy the book here - https://uk.bookshop.org/books/money-men-a-hot-startup-a-billion-dollar-fraud-a-fight-for-the-truth/97817876350430:00 - Introduction0:25 - Influence for writing the book?1:20 - Dan involved in the story3:50 - What is Wirecard?6:15 - Jan Marsalek7:30 - How did Wirecard go from a dot.com bubble to the Tech darling of Germany and EU9:25 - National and Investor support10:45 - When did you realise there were issues with Wirecard?13:25 - Missing money in the Philippines17:00 - Did they discover the fraud during that visit?18:45 - Shocked when you heard of collapse of Wirecard?21:25 - What has been the fallout?22:40 - Jan Marsalek the person they have been blaming?23:30 - One message to takeaway from the book/interview?Dan McCrum is multi-award winning journalist and author. In 15 years at the Financial Times he has covered business and finance from New York and London, helping to uncover fraudulent accounting at several listed companies. He is currently a member of the investigations team, and his reporting on Wirecard was recognised with more than a dozen awards and prizes, including journalist of the year at the 2020 British Press Awards.Dan got a taste for newsprint as a paperboy in his family’s newsagent. Before becoming a journalist he tried his hand at painting and decorating, selling cook books door-to-door, and learned a thing or two about finance in the research department of an investment bank. He lives with his family in St Albans.Dan McCrum - Website - https://danmccrum.com/Twitter - https://twitter.com/FD?LinkedIn - https://www.linkedin.com/in/dan-mccrum-b985a47/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 was happy to host Chris Blackhurst - Commentator,  Strategic communications advisor and author of the recently released book "Too Big To Jail - Inside HSBC, the Mexican Drug Cartels and the Greatest Banking Scandal of the Century". On the podcast we talked about how HSBC's culture is different to other banks, Empire building within the Finance Industry, How the money Laundering Process took advantage of HSBC's systems and the importance of chasing the money.Buy the book here - https://www.amazon.co.uk/Too-Big-Jail-Mexican-greatest-ebook/dp/B09Q39J1FZ/0:00 - Introduction0:30 - Influence for writing the book?1:30 - Banking scandal fatigue?2:45 - How is HSBC culture different to other banks?4:30 - Industry issue of empire building?7:20 - Wanting to be the largest bank9:25 - Why do cartels need to launder money and how did they use HSBC?15:20 - Warnings from within the company?17:45 - Management too spread out or something else?21:15 - Punishment meeting the crime?22:40 - Mexican authorities25:35 - Somebody has to be responsible27:55 - Chasing the money29:45 - Cutting off peoples money32:45 - Challenge of making the changes37:18 - One message to takeaway from book?Chris is a writer, commentator and strategic communications advisor. He was named in the “Top 10 for Crisis and Reputational” advice by PR Week.Chris also advises clients on the media and strategic communications. For four years, he was a Director of CT Partners, the international campaigning and communications consultancy.Previously, Chris was Editor of The Independent. Before that, he was City Editor of the Evening Standard.Chris was also Multi-Media Head of Business, for the Evening Standard, The Independent, i, and London Live TV, in charge of business coverage across these titles and their digital platforms, also writing for the papers, and presenting programmes, himself. A journalist since 1984, Chris' other posts include: Deputy Editor at the Independent and Independent on Sunday, and Daily Express, and Westminster Correspondent of the Independent, and Deputy Editor, Sunday Times Insight Team. He wrote regularly for Management Today, and contributed to numerous other magazines and publications, as well as making frequent appearances on TV and Radio, and making public speeches.Chris received several awards. He was London Press Club’s Business Journalist of the Year, 2011. He graduated in Law from Cambridge University.Twice married, Chris has five children, and he lives in South-West London. He enjoyed playing tennis and golf, watching football and rugby, and going to the cinema and theatre. Chris Blackhurst - Website - https://chrisblackhurst.media/#homeTwitter - https://twitter.com/c_blackhurstLinkedIn - https://www.linkedin.com/in/chris-blackhurst-36411080/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 interviewed Adam Seessel, Founder and Chief Investment Officer of Gravity Capital Management and author of the recently released book "Where the Money is: Value Investing in the Digital Age". Buy the Book here - https://www.amazon.co.uk/Where-Money-Value-Investing-Digital-ebook/dp/B0B2Q35N7N/During the podcast we talked about how hard it was for Adam to change his investment philosophy, tools for picking winners, distortions in the markets and why young investors gravitate to high risk investing. I hope you enjoy!0:00 - Introduction0:26 - Influence for writing the book?2:50 - How hard was it to change your investment philosophy?4:00 - Tools to pick the winners9:30 - Any other mechanisms that are different?12:20 - Distortions in markets13:40 - How do we know if “This time is different”?17:55 - Overcomplicating investing19:10 - Analysing Macro21:50 - Buy what you know 24:00 - Cutting your losses in a trade?26:10 - Too much emphasis on near term metrics29:00 - Companies that are continuing to grow despite economy30:10 - Advice for not FOMOing into investments?33:40 - Message to takeaway from the book?34:45 - Younger investors gravitating to high risk investingAdam Seessel is founder and Chief Investment Officer of Gravity Capital Management, which runs money for both institutions and high-net worth individuals in a long-term, tax-efficient manner.  He began his career at Sanford Bernstein and moved to progressively higher analytical responsibilities at Baron Capital and Davis Selected Advisers, where he ran consumer-products and media research.  He started Gravity in 2003.Gravity Capital Management manages money in both a partnership and a separate-account format.  It has a long-term record of beating the market after fees, with special focus on capital preservation.  In 2008, for example, the Gravity Long-Biased Fund lost only 5.5% of capital and returned 27% in 2009.Seessel began his career as an investigative journalist, winning the George Polk Award in 1991 for environmental reporting.  The award is generally considered the 2nd highest honor in American journalism after the Pulitzer Price. He remains active in journalism as an occasional contributor for both Barron’s and Fortune magazines. Adam graduated summa cum laude from Dartmouth College in 1985 with a BA in Religion.Adam Seessel - LinkedIn - https://www.linkedin.com/in/adam-seessel-89872911/Fortune - https://fortune.com/author/adam-seessel/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 welcomed back James Fok, a veteran financial and strategic advisor to corporations and governments and author of the recently released book "Financial Cold War: A View of Sino-US Relations from the Financial Markets". Buy the book here - https://www.amazon.co.uk/Financial-Cold-War-Sino-US-Relations-ebook/dp/B09NTB7P3Z/On the podcast we talked about how Ukraine-Russia conflict has changed US-Sino relations, the challenge with sanctions, whether things could escalate between US and China and how international markets overreact to Chinese policies. I hope you enjoy!0:00 - Introduction0:29 - How has Ukraine-Russia conflict changed US-Sino relations?6:10 - Would international investment need to evolve from state-backed to private investment?8:19 - Will China need to float currency for further international investment?13:10 - How would the changes occur within China?19:15 - Were you surprised by the sanctions that were put on Russia?23:55 - What changes are needed to be made for Hong Kong to gain trust back?30:14 - Could things escalate between US and China?34:25 - Japanification of China into the future?39:00 - Overreacting to Chinese policies?42:15 - Will Covid-Zero have an impact on Chinese economy?48:04 - China invading Taiwan in the coming years?50:30 - What should listeners take away from our interview?51:40 - Misunderstandings between the West and China?James Fok is a veteran financial and strategic advisor to corporations and governments. He served as a senior executive at Hong Kong Exchanges and Clearing (HKEX) from 2012 until 2021, during a period of rapid internationalisation in China's capital markets. While there, he played a major role in a number of landmark financial markets initiatives, including the launch of the Shanghai-Hong Kong Stock Connect programme (2014), Bond Connect (2017) and the Hong Kong market's Listing Reforms (2018). Prior to HKEX, Fok worked as an investment banker in both Europe and Asia, specialising in the financial services sector.Fok has written and spoken extensively about market structure issues and the intersection between geopolitics and international finance. He serves or has served on a number of financial industry bodies, including Ireland for Finance's Industry Advisory Committee (2021-), the Executive Board of the International Securities Services Association (2018-21), and the Financial Services Advisory Committee of the Hong Kong Trade and Development Council (2014-21). He is also a member of the Advisory Board of Hex Trust (2021-).Fok holds a BA (Hons) from the School of Oriental and African Studies of the University of London. He lives in Hong Kong with his wife and two sons.James Fok -Website - https://jamesafok.com/LinkedIn - https://www.linkedin.com/in/james-fok-24082237/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 interviewed Jonathon Karelse, CEO of Northfind Management and author of the recently released book "Histories of the Future: Milestones in the Last 100 Years of Business Forecasting". Buy the Book here - https://www.amazon.co.uk/Histories-Future-Milestones-Business-Forecasting-ebook/dp/B09T21R45L/On the podcast we talked about what is forecasting, understanding probability, deterministic forecasting creating fragilities and surprise from Jonathon's research for the book. I hope you enjoy!0:00 - Introduction0:29 - Influence for writing the book?3:55 - What is forecasting?6:00 - Understanding probabilities6:45 - Being too deterministic in forecasting creating fragilities in systems?9:55 - Black swans in forecasting?15:15 - Antifragile systems that are stronger during volatility19:10 - How did business forecasting begin?25:00 - Other important milestones in forecasting34:17 - Any surprising things when you were researching?36:30 - Future of forecasting?40:30 - Stabilising supply chains and onshoring? 44:26 - One message to takeaway from interview or book?Jonathon is leading the conversation that Behavioral Economics represents the next big idea for decision making and planning in many companies. He believes that by understanding the causes of biases and heuristics in planning, organizations can make rapid improvements in real-world performance.As a frequent contributor to the Institute of Business Forecasting (IBF) and APICS, the Association for Supply Chain Management, Jonathon tracks trends and directly influences best practices in Demand Planning and S&OP. He has been cited for his work on Forecast Value Add (FVA) analysis; the integration of Judgement and Business Intelligence into statistical forecasting; and Conflict Resolution in consensus forecasting.Jonathon Karelse: Website - https://jonathonkarelse.com/Twitter - https://twitter.com/JKarelseLinkedIn - https://www.linkedin.com/in/jonathonkarelse/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 was happy to host Peter Krauth - Former portfolio adviser and a 20-year veteran of the resource market, with special expertise in precious metals, mining and energy stocks and author of the recently released book "The Great Silver Bull - Crush Inflation and Profits as the Dollar Dies."On the podcast we talked about the book, why Silver, how the current precious metal cycles compare to the past, how to invest in Silver and Peters portfolio construction. I hope you enjoy!0:00 - Introduction1:04 - Influence for writing the book?3:55 - Why Silver?6:35 - How the current precious metal cycle compares to the past?9:15 - Why Silver over Gold?13:17 - What are Silvers uses?18:32 - Struggle with demand and supply due to mining practices?22:30 - Silver is prone to massive moves24:40 - Can we measure silver supply?27:02 - Silver indicators to watch?31:15 - Investing in Silver?35:12 - How Peter would build a portfolio39:55 - One message to takeaway from the book/interview?Peter Krauth is a former portfolio adviser and a 20-year veteran of the resource market, with special expertise in precious metals, mining and energy stocks. He is editor of two newsletters to help investors profit from metal market opportunities: Silver Stock Investor, www.silverstockinvestor.com and Gold Resource Investor, www.goldresourceinvestor.com.  In those letters Peter writes about what he is buying and selling; he takes no pay from companies for coverage. Peter has contributed numerous articles to Kitco.com, BNN Bloomberg, the Financial Post, Seeking Alpha, Streetwise Reports, Investing.com, TalkMarkets and Barchart, and he holds a Master of Business Administration from McGill University.Peter Krauth - Twitter - https://twitter.com/peter_krauthSilver Stock Investor - www.silverstockinvestor.comGold Resource Investor - www.goldresourceinvestor.comLinkedIn - https://www.linkedin.com/in/peter-krauth/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 spoke with Jim Lewis, Co-Founder of  Wall Street Silver .On the podcast we talked about 0:00 - Introduction0:22 - WallStreetBets is known for Gamestop and AMC, where did silver come from?3:25 - Were you already interested in silver beforehand?4:12 - Did the macro environment influence your investment in precious metals and why?7:28 - Commodity Super Cycle?8:50 - Royalty stocks10:40 - What geographies are you invested in?11:15 - Portfolio diversification in commodities?11:50 - Theory behind nuclear investment?15:50 - Lack of investment into these commodities16:47 - Primary vs Byproduct silver mining19:10 - Why have we seen precious metals not act as a inflation hedge?20:00 - Any indicators you are watching?21:40 - Raise rates until central bank breaks something23:00 - Silver short squeeze?24:20 - Manipulation in commodities markets?25:50 - Any other assets you are keeping an eye on?26:10 - Concerned about China slow down impacting commodities demand?27:45 - One message to takeaway from our interview?Jim Lewis is the co-founder of Wall Street Silver, with 200,000+ members on Reddit, over 120,000+ followers on Twitter and his YouTube channel with 46,000+ subscribers.Wall Street Silver (founded in January 2021) provides a platform for silver and gold investors to share information, entertainment and discussion on topics affecting the silver and gold markets. Jim Lewis has quickly grown the Wall Street Silver audience to become one of the largest addressing precious metals issues anywhere.The Wall Street Silver YouTube channel interviews notable people in the industry on all topics affecting silver and gold. Regular guests include Rick Rule, Jim Rogers, Marc Faber and dozens of other fund managers, economists, CEOs and YouTubers.Jim Lewis -Twitter - https://twitter.com/Galactic_TraderLinkedIn - https://www.linkedin.com/in/wallstreetsilver/Wall Street Silver - Twitter - https://twitter.com/wallstreetsilvYouTube -  Wall Street Silver Reddit - https://www.reddit.com/r/Wallstreetsilver/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 was happy to host Joe Olashugba, Macro observer and author of the Market Macro Hub. On the podcast we talked about the major macro trends Joe is watching, whether we could see longer term inflation, potential strength in the Yen and the importance of putting the time into learning Macro. I hope you enjoy!0:00 - Introduction0:22 - How are you holding up in these crazy markets?1:00 - What assets does Joe focus on?1:50 - What Macro Trends are you keeping an eye on?3:25 - Will the FED break something?4:40 - Could interest rate increases continue after neutral rate?6:40 - Could we see longer term inflation?7:40 - Any other macro trends Joe is watching?9:40 - Yen-USD carry trade and potential Yen strength?12:35 - Moving yen goal post?13:45 - What is your investment philosophy?14:30 - Other indicators to watch?15:50 - What will happen with inflation?18:10 - 3 stages of a bear market?20:35 - Why don’t you like finance news?23:30 - Opinion on commodities?25:29 - We have seen capitulation in Crypto27:40 - Negative markets?28:30 - One message to takeaway from our interview?29:09 - Putting the time in to learn macroJoe Olashugba - Market Macro Hub - https://market-macro-hub.scriber.to/Instagram - https://www.instagram.com/joe.olashugba/LinkedIn - https://www.linkedin.com/in/joeolashugba/Twitter - https://twitter.com/JoeOlashugbaWTFinance -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