March 15, 2024

Grant Williams & Peter Atwater: The Market is 'Long Abstraction, Short Reality' | #525

56 minutes

Today’s guests are Peter Atwater and Grant Williams, two guys that have known each other for a decade. Peter is a professor and author of The Confidence Map: Charting a Path from Chaos to Clarity. Grant is the author of the newsletter Things That Make you Go Hmmm… and host of The Grant Williams Podcast. He was also a co-founder of Real Vision.

Today’s episode is a masterclass in how to analyze market sentiment, which seems particularly timely given how the market has been lately. Peter shares his framework for looking at the world through the lens of certainty and control and how that drives consumer confidence. Then he and Grant kick around a bunch of topics, including the relationship between natural gas and Nvidia, Elon Musk and the velvet rope economy, gold and Bitcoin, the opportunity in Japan, and much, much more.

(1:40) - Welcome to our guests, Peter Atwater and Grant Williams

(2:28) - Confidence and vulnerability’s role in financial market

(6:18) - Elon Musk 0 - 60mph Tweet

(10:21) - Peter’s take on natural gas and Nvidia

(13:17) - Class versus wealth

(17:30) - Thoughts on gold and Bitcoin

(22:38) - The world of luxury

(28:43) - The UK stock market

(33:10) - Why Grant is excited about the Japanese stock market

(37:14) - Who would Grant want to interview today?

(38:23) - Modern-Day Asset Management Business w/ Anthony Deden

(44:29) - Peter and Grant’s most controversial opinions

(48:59) - Peter and Grant’s most memorable investments

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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.