Ben Hunt of Epsilon Theory is back on Panic for a record-breaking sixth time! He may be the smartest guy I know, which is why I keep having him on. He’s just an explainer – the way he explains things very easily – and I like complex things explained simply. Ben is a former Professor, a beekeeper, and a market lover. He’s the co-founder and CIO of Epsilon Theory, where he writes outstanding essays about narratives in the market – backed up by data. I wanted to catch up with him to weigh in on my themes for the next 10 years in an America that’s becoming what I call the Rich, Angry, Degenerate economy. There are a lot of narratives to talk about; Ben was unfortunately right on the one that was inflation. And we get into the latest narrative around the U.S. dollar. You’re really going to learn a lot. Enjoy!
Guest - Ben Hunt, Co-Founder and Partner at Second Foundation Partners, Author and Co-Founder at Epsilon Theory
howardlindzon.com, epsilontheory.com
Twitter: @howardlindzon, @epsilontheory, @PanicwFriends, @knutjensen
linkedin.com/in/bhunt
#fintech #invest #investment #venturecapital #stockmarket #finance
Time Stamps:
Intro (00:42)
Welcome back Ben (07:05)
Gold as a metaphor for the economy (08:32)
GFC was different (09:49)
“Fiat” news (10:50)
Rational optimism (14:24)
The Peter Thiel Industrial Complex (18:19)
Rich Man, Angry Man, Degenerate Man Economy (23:07)
We’re treated as a cog in a powerful machine (27:09)
The inflation narrative (27:59)
The de-dollarization narrative (31:06)
Who’s Chamath? (35:36)
Internet trolls (37:37)
Generative AI (38:30)
Astroturf campaigns (40:25)
Why ‘they’ create chaos (41:27)
Ruthless pursuit of creativity (43:37)
European companies (45:59)
Time to get back to work (47:04)
Intersection of narratives and markets (48:38)
Wrapping up (52:08)
Outro (53:16)
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