Podcast Episodes

"Kamilton": the 2024 election and who tells your story

Episode 67

A reflection on the 2024 election and who tells your story. On Trump’s victory: market implications of a supply side boost from deregulation clashing against inflationary impulses of tariffs and depo…

Published on 1 year, 1 month ago

The Thucydides cap on the China equity rebound trade

Episode 66

For participants in the China equity rebound trade: once you hit your return targets, take the money and run.

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Published on 1 year, 2 months ago

Mind the Gap: a historically polarized US election

Episode 65

Candidate policy comparisons in a historically polarized US Election; China stimulus package

The US is about to conduct its most polarized Presidential election in 100 years. Today’s note looks at c…

Published on 1 year, 3 months ago

A severe case of COVIDIA: prognosis for an AI-driven US equity market

Episode 64

NVIDIA and its GPU customers are now a large driver of equity market returns, earnings growth, earnings revisions, industrial production and capital spending.

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Published on 1 year, 3 months ago

There’s no place like home

Episode 63

A surge in the Japanese Yen is resulting in home repatriation of Yen-funded positions overseas, and close-out of Yen-funded positions abroad. While Google was found guilty of home bias anti-competiti…

Published on 1 year, 4 months ago

The Lion in Winter

Episode 62

From 1930 to 2010, there were six extended periods of small cap outperformance as it dominated large cap over that entire period. But since 2010, small cap sits alongside value stocks and non-US sto…

Published on 1 year, 5 months ago

The Supreme Court vs the Regulatory State

Episode 61

The Supreme Court vs the Regulatory State. Recent Supreme Court rulings may now usher in the largest pushback on the regulatory state since the Reagan Administration. A look at the end of Chevron def…

Published on 1 year, 5 months ago

A Piece of the Action

Episode 60

Investing in professional sports leagues and related businesses. As rules around private equity ownership of sports leagues expand, we review team valuations and profitability, emerging sports catego…

Published on 1 year, 6 months ago

Animal Farm

Episode 59

With spring planting season having arrived in Zone 7, it’s a good time to review agriculture from an investor’s perspective. Topics include agricultural price inflation in the wake of Russia’s invasi…

Published on 1 year, 7 months ago

Cicadian Rhythms

Episode 58

Cicadian Rhythms: the fading prospects of a US disinflationary boom; Japan’s structural reform/M&A emergence; and Eye on the Market mailbag responses to questions on Tesla/Musk, GLPs, housing, China,…

Published on 1 year, 8 months ago