Sermons From the Free Market

Rob Koepp, a writer and director of The Economist Corporate Network joins The Big Trade Series for a wonderful conversation on China economy. Rob starts off by explaining the Chinese stock market situation. The two then share their thoughts on the boom in China equities in the recent years, Peter quickly provides his views onthe sustainability of the growth of the economy, Rob talks about the opportunities in this market turmoil by bringing his bottom-up analysis approach. After that, they delve into various topics including market liberalization in the central planned economy, the surge of Chinese IPOs on US stocks market in 2009, reverse merger mechanics. They conclude the conversation by a discussion on asymmetric information in financial market.

Dan Ferris joins The Big Trade Series for the second installment of a two-part discussion on valuation metrics. To begin, Dan talks about how he made his controversial call to sell Berkshire Hathaway last year. This is followed by a discussion on MFC Industrial’s business as a global supply chain company. The two then share their thoughts on the vertical integration of certain companies and the way to evaluate them. Dan mentions some aspects that a company needs to cover to be attractive to investors, and they wrap up the conversation with a discussion on politics and economics.

Dan Ferris, editor of Stansberry Research’s monthly “Extreme Value” newsletter joins “The Big Trade Series” for part one of a two-part discussion. Dan starts off by introducing his “World Dominator” stocks that have income streams that never decline. After that, the two discuss Dan’s stock picking criteria and how it can be applied to the technology industry and specific stocks including Apple, IBM, Microsoft, and Intel. They mention interest rate hikes and how such a hike might affect IBM’s income and Microsoft’s capital allocation strategy. The conversation shifts into many aspects on free cash flow analysis, and a discussion on M&A strategies of the big players in the technology industry wraps up part one of the episode.

In a very special episode of The Big Trade Series, Phoenix Capital’s very own Jeremy Greenberg stands in for Peter as host of the show. Jeremy and Peter start off by sharing their thoughts on life in Asia and their mutual love of HBO’s “Game of Thrones”. Jeremy is then joined by Ashok Som, professor at the ESSEC Business School, and author of “The Road to Luxury: The Evolution, Markets and Strategies of Luxury Brand Management”. Jeremy and Ashok first discuss the importance of business school for young professionals, followed by an in-depth discussion on the evolution of luxury products, as discussed in Ashok’s newest book. Stick around to the end of the episode for a bonus discussion on social media with Peter Shankman!

Geoff Hiscock, a business journalist and author on Asian business joins The Big Trade Series. Geoff starts off by sharing the concepts from his books “Asia’s Wealth Club” and “Asia’s New Wealth Club”. Specifically, he covers the rising number of wealthy people in China, the perspectives on South East Asia and explains why Shanghai is a financial hub in Asia. Peter continues by covering his ideas on the correlation between market liberalization and the wealth of high net worth individuals in each country. The two then discuss India and the problems occurring there as well as the growth of the “wealth club”. The conversation wraps up with a review on the battle for global resources outlined on Geoff’s book, “Earth Wars”.

Marin Katusa joins The Big Trade Series for a Game of Thrones-esque discussion on geopolitics. Marin begins the conversation by recounting the stories he covered in his book “The Colder War” and providing updates to those stories. The discussion progresses into geopolitics, covering the dispute in South China Sea, oil and gas, and military contracts. Marin explains why Putin has such a strong hold on Russia and Putin’s long term strategy to make Russia a global superpower. The two shift to discuss the influence of the BRICS Bank and their reserve currency. Peter then shares his thoughts on ISIS’ revenue generating system as a black swan. Marin concludes the conversation by discussing his approach to investing.

It’s the fight of the century as Peter squares off with Marc Lichtenfeld of The Oxford Club in an attempt to settle the debate of the merits of technical analysis versus Peter’s own methodology laid out in “The Big Trade”. Peter gets the action underway by giving an overview of the topic of his book and the strategy outlined within the book. Marc puts Peter on the ropes with a flurry of questions relating to the underlying data in Peter’s methodology. Peter responds with a devastating combination of reification and multistability leaving the fight very much in the balance with just a few rounds remaining. Was this a TKO or is it a judges decision? Tune in to find out and email us [email protected] or #bigtrade to weight in your thoughts.

Chris Martenson, an economic researcher, futurist and co-founder of peakprosperity.com joins The Big Trade Series. Peter and Chris start out talking about resource depletion, Chris shares his thought about whether the technological innovations can beat the resource depletion on various case studies. They then shifts to Chris’s Crash Course video series, the two delve into the synopsis of economic paradigm in this series and discuss some the big trends that happened recently. Chris continues by sharing his perspective on geopolitics. The conversation concludes with a discussion on oil industry and shale revolution.

Michael Oliver, sole proprietor of Momentum Structural Analysis, joins the conversation. Michael begins by sharing his trading methodology and shows how he observes changing trends. The discussion delves into technical analysis, with a particular focus on time periods. Peter then discusses his trading strategy as laid out in “The Big Trade”. Michael quickly gives his opinion on trends in the Shanghai market, currency markets including the Euro, and Yen and discusses commodity markets like gold and silver. The conversation concludes with a synopsis on Michael's book “The New Libertarianism: Anarcho - Capitalism”.

This week Peter speaks with Turney Duff, author of “The Buy Side”. Turney begins by sharing his own experience with working on Wall Street and talks about his current Showtime project, "Billionaires". They then delve into topics including politics in the office and how Turney shifted from private wealth into trading. The discussion shifts into trading methodology, Peter shares his approach in “The Big Trade”.The conversation concludes with some advice to young people on working on Wall Street.