Tomasz Nadrowski is a portfolio manager at the Amvest Terraden Critical Minerals Fund. He was a former Director at the World Economic Forum and Vice President of Business Development at AngloGold Ashanti, then the world's largest gold producer. Tomasz has spent over fifteen years managing commodity and mining equity portfolios for hedge funds and family offices across the U.S., Europe, and Asia.

He is fluent in seven languages and a regular contributor to Oxford Analytica. He combines deep industry knowledge with a strategic understanding of how resources, markets, and power intersect in today's shifting geopolitical landscape. He is also the host of the podcast Tyranny Today. In this podcast, we discuss:

1. Geopolitics vs. the Commodity Cycle
2. China's VAT Rebate and Value-Added Strategy
3. Critical Choke Points: Rare Earths, Graphite, and Gallium
4. Regulatory Roadblocks and the Stigma of "Dirty" Mining
5. The Abdication of Western Capital Markets
6. Human Capital Gaps and the "Octogenarian Engineer" Problem
7. Geoeconomic Pricing: Disincentivising New Capacity
8. From "Just-in-Time" to "Just-in-Case" Production
9. Japan's "House of Brick" Model for Resilience
10. The Mineral War and the "Soul" of AI
11. A Shift Toward Oligopolistic Competition

Nader is Argus' Middle East editor, based in Dubai. Argus is a leading independent provider of global energy and commodity market intelligence. Nader has more than 15 years of experience covering oil and gas in the region, and today heads up the company's Middle East and OPEC coverage. Prior to moving to Argus in 2015, Nader spent five years with the Middle East Economic Survey (MEES) weekly in Cyprus. In this podcast, we discuss:

1. Inevitable Escalation with Iran
2. Iran's Decentralised Resilience
3. The Rise of Mojtaba
4. Regional Retaliation Strategy
5. The Hormuz Choke Point
6. Modern Tanker War Risks
7. 8 Million Barrels Offline
8. Limits of the Global SPR
9. Sentiment-Driven Volatility
10. Houthi Autonomy and the Red Sea

Alex has 20 years of experience at the intersection of finance and data. He has been a global macro investor at firms like Bridgewater Associates and a proprietary volatility trader at Lehman Brothers. Prior to his career as a data-driven speculator, Alex received an MBA from Stanford Business School, an MPhil in Economics (Game Theory) from the University of Oxford, and a BA (Hons) in Economics from McGill University. In this podcast, we discuss:

1. Fantasy Baseball to Prop Trading
2. Diversification as the "Free Lunch"
3. Gold vs. The Chinese Credit Bubble
4. Silver as the "Money that Generates Electricity"
5. The "Long API, Short Slides" Thesis
6. China's Sceptical Data
7. Copper vs. Iron Divergence
8. The Future of Systematic Investing

Raphaël Gallardo is Chief Economist within the Cross-Asset team at Carmignac. Carmignac is a leading European investment management boutique established in 1989, with over EUR 40 bn in assets under management. Raphaël joined them in 2018. He started his career in 1997 at BNP Paribas, where he spent ten years as a Quantitative Analyst within the Risk Department, a Country-risk Economist, a Financial Engineer specialising in interest rate risk, and ultimately a cross-asset strategist. In 2007, he joined Axa IM as Head of Macroeconomic Research and moved to Rothschild & Cie Gestion in 2012 to occupy the same position. From 2013 to 2018, he was Cross-Asset Strategist at Ostrum Asset Management. Raphaël holds an Engineering Degree from École Nationale Supérieure des Mines de Paris. In this podcast, we discuss:

1. Austrian Economics Framework
2. Three "Wobbling" Bubbles
3. The "Sad" AI Bubble
4. Trump Risk Parity Portfolio
5. Spain's "Virtuous Circle"
6. France's Fiscal Existential Risk
7. Japan's Vicious Circle
8. China's Dual Economy
9. Death of the Risk-Free Asset
10. 2026–2027 Outlook

Alex Gurevich is the founder of HonTe Investments. After earning a PhD in mathematics from the University of Chicago, he leveraged his passion for strategic gaming into a lucrative Wall Street career. He has been hailed by The Wall Street Journal as the star trader of J.P. Morgan, where he served as Managing Director in charge of global macro trading and, in 2020, was leading HonTe's macro strategy when he ranked second by net return according to BarclayHedge. Alex is the bestselling author of The Next Perfect Trade and The Trades of March 2020. In this podcast, we discuss:

1. The 10-Year "Test of Time" Retrospective
2. The "Swim with the Tide" Framework
3. Rethinking "Tight Stops" in Risk Management
4. Strategies to Overcome Portfolio Paralysis
5. Betting on the "Necessary" vs. "Sufficient"
6. Japan's Search for the "Perfect Trade"
7. The Case for the Fed Returning to 0%
8. AI-Driven Technological Displacement
9. Energy as the "Bottleneck" for AI Growth
10. Evolving Views on Option Usage

Marc Elovitz is Global Head of Investment Management Regulatory at McDermott Will & Schulte – a leading global law firm. Marc advises private fund managers on running their businesses consistent with all relevant laws, regulations and legal requirements. Marc's cutting-edge work also covers the latest trends of interest to private funds, including blockchain technology and digital assets. He advises on the legal and regulatory considerations involving virtual and digital currency business initiatives and the blockchain technology behind them. In this podcast, we discuss:

1. From Litigation to Regulation
2. The Private Market Boom
3. "Project Crypto" and Regulatory Harmonisation
4. Beyond Digital Gold
5. The Yield Obstacle in Stablecoins
6. Future-Proofing Digital Assets
7. The Trust Factor in Private Equity
8. Solving the AI Explainability Crisis
9. The Delaware Governance Battle
10. Perspective through Fiction

Sean McGould – the founder/CEO of the Lighthouse Group – an approximately $17 billion investment management firm. Prior to Lighthouse, Sean was the Director of the Outside Trader Investment Program for Trout Trading Management Company. Before joining Trout, he worked for Price Waterhouse in auditing and corporate finance. In this podcast we discuss:

1. The Multi-Strategy Investment Approach
2. The Selective "War for Talent"
3. Adapting to Trump 2.0 Volatility
4. Targeting Real Returns vs Gold
5. AI: A Digital Tool, Not a Total Bubble
6. Redefining Value in the Digital Age
7. Japan's Shareholder Value Pivot
8. Centralised Planning Risks in China
9. Patience in Tight Credit Markets
10. The 2026 Macro Outlook

You can get more information on Sean's firm here

The commentary contained in the above article/podcast does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.

Srividya Jandhyala is a professor of Management at ESSEC Business School in Singapore. Her research focuses on global strategy, geopolitics, and international business. She is the author of the best-selling book 'The Great Disruption: How Geopolitics is Changing Companies, Managers, and Work'. Before ESSEC, she was a Fung Global Fellow at Princeton University. She also served on the faculty of George Washington University in Washington, D.C., and she received her PhD in Management from the Wharton School at the University of Pennsylvania. In this podcast, we discuss:

1. Geopolitics as a Structural Headwind
2. The End of the "Flat World"
3. Why Corporate Nationality Trumps Product
4. Lessons from Mining and Energy Sectors
5. The Jenga Tower of Global Friction
6. Sovereign AI and Geopolitical Tech
7. China's "Singapore" Playbook
8. The Erosion of the Rules-Based Order
9. Localization and the "Societal License" to Operate
10. The Shift from "Event-Based" Thinking

Rory Johnston is a Toronto-based oil market researcher, the founder of Commodity Context, a lecturer at the University of Toronto's Munk School of Global Affairs and Public Policy, as well as a Fellow with both the Canadian Global Affairs Institute and the Payne Institute for Public Policy at the Colorado School of Mines. Prior to founding Commodity Context, Rory led commodity economics research at Scotiabank. In this podcast, we discuss:

• Trump's Bullish Paradox
• Importance of China's SPR
• Why OPEC+ Hiked Production
• The "Oil on Water" Overhang
• Venezuela and Iran
• 2026 Outlook
• US Shale's H2 Roll-over
• Long term demand outlook

Phil is the founder of Suttle Economics – a leading research consultancy. Before that, he held senior roles at Tudor, the Institute of International Finance (IIF), JP Morgan, Barclays, the New York Fed and World Bank. He was educated at Oxford University and lives in the US. In the podcast, we talk about:

• US Labour Market Dissonance
• Trump's "Elizabeth Warren" Populism
• The Productivity Mystery
• Fed Under Pressure
• Sticky Inflation Through 2027
• Global Business Disruptions
• Extreme Oil Volatility
• Japan's Policy Pivot
• China's Sluggish Consumer
• European and UK Growth
• Historical Parallels to Populism