Superinvestors and the Art of Worldly Wisdom

To quote Aerosmith’s Steven Tyler, “There’s something wrong with the world today.” Wealth and income inequality have soared to levels not seen in a century; housing affordability has hit the worst levels on record; consumer sentiment has plunged even though the unemployment rate hovers around 4%; the federal debt is growing exponentially even while inflation still simmers above the Fed’s target leading many to point to the growing risk of a debt crisis. Meanwhile, retail investors speculate in meme stocks and crypto projects employing leverage in a way we have rarely if ever seen before. But the underlying problem common to all of these issues has largely been misdiagnosed. In his latest book, Ruchir Sharma makes a compelling case for What Went Wrong With Capitalism in the United States over the past forty years that has led to many of the challenges we face today. In this conversation, he shares some of the high level themes of the book, including what it will take to rehabilitate capitalism, bringing much needed balance to the economy, and what that process will mean for investors. As the chair of Rockefeller International, he also has a clear vested interest in the outcomes. For notes and links related to this episode visit TheFelderReport.com/podcast.

There is no greater contrarian on Wall Street today than Peter Berezin. But being out-of-consensus in one of the most competitive fields on the planet and being right is certainly not an easy feat to pull off. In this conversation, Peter discusses how his macroquant model, the product of years of work at places like the IMF and Goldman Sachs, has lead him to the most bearish of all strategist price targets on the S&P 500 Index and why he has the confidence in it to take such a maverick position today. He also reveals what he believes investors are missing about the AI trade and why they would be well served to step away from their screens from time-to-time, take a walk and do some good old-fashioned deep thinking. For notes and links related to this episode visit TheFelderReport.com/podcast. 

You could say that natural resources run in Leigh Goehring’s blood. The son of two oil and gas engineers, Leigh has spent nearly his entire life studying markets and investments related to commodities. Over the past 30 years, he has become one of the most brilliant and passionate analysts and money managers in the industry. In this conversation, Leigh discusses in detail his case for a major commodities boom dead ahead as part of broader revolution in the asset markets. For notes and links related to this episode, including Leigh's latest reports, visit TheFelderReport.com/podcast. 

More than anyone else I have read, Vincent Deluard has accurately and consistently described in real time the paradigm shift that has taken place in markets in recent years and how it affects the major asset classes that matter most to investors. His macro calls on things like the trends in inflation and the economy have not only been out of consensus, they've been unusually accurate. In this discussion, Vincent shares the fundamentals of his unique approach to macro analysis and how he is putting it to best use today to make sense of the rapidly changing economic environment. For notes and links related to this episode, including Vincent's latest research report, visit TheFelderReport.com/podcast.