November 21, 2024

#213 Epsilon Theory's Ben Hunt: Markets Have Entered 'What The F*ck Animal Spirits' Post-Election — Why It's Time To 'Take Some Chips Off The Table'

50 minutes

Ben Hunt, the author of Epsilon Theory (https://www.epsilontheory.com/) and co-founder of Second Foundation Partners, returns to The Julia La Roche Show to discuss narratives and how they shape everything from financial markets to politics.

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00:00 Introduction to Ben Hunt

01:00 Narrative of narrative

03:08 Narratives behind markets

07:00 Wall Street is a story construction machine

09:08 Bitcoin "number go up" story, narrative evolution

20:00 Post-election market narratives

22:42 Shift from "structural" to "WTF" animal spirits

25:00 Managing market exits and exposure

30:17 How quickly narratives change

36:48 Discussion of "fiat news" concept

44:18 Evolution of semantic layer in markets

47:24 Closing thoughts on understanding storytelling systems