Episodes

Chris Camillo – Episode #192

3:08 – Chris Camillo (Episode #192) explains how social arbitrage investing helped him massively outperform in 2020… “If your head is stuck in financials, or if your head is stuck in charts, you’re not going to realize that everyone is buying webcams [during the pandemic] and it’s right in front of you. It’s not that hard!” 

5:08 – Chris says one of the hardest things to learn is to trust your gut…  ”Unless you’re doing it regularly, it’s hard to develop the confidence – the conviction – that you can see something before everyone else sees it…” 

Eric Wade – Episode #216

 11:59 – The last time we checked in with Eric Wade (Episode #216), he gave listeners an extremely useful real-world example of Ethereum’s applications… “It makes agreements not rely upon trust… Let’s say someone that you know really well – a brother, cousin, best friend – comes to you and says, ‘Hey I’m in a really bad way and I need a little bit of help. Lend me $10,000 and I can pay you back in a month...'”

13:16 – “Either you get paid back on time and everything is fine, or you don’t… If I were to enter into a contract with someone using Ethereum, what they say is going to happen, happens. The only way to not perform is to overtake the power of the entire network…”

18:32 – “All of these old-school businesses that the service provider made a little bit of money off of, a thousand times a month, now we have blockchain technology to carry that out. And I’m finding ways to scoop some of that up…”

 George Gilder – Episode #218

25:35 – Dan sits down with George Gilder, who gives a fascinating view on gold you likely haven’t heard anywhere else… “Money is information comes from Hayek. Money as a measuring stick comes from Hayek. All I did was scrutinize more closely what’s the meaning of the measuring stick?“

30:11 – If the dollar doesn’t accurately measure value, then what does it measure? “It’s measuring the appetite of governments to pay off their supporters, and to endow their bureaucracies and administrative states, and their communist parties, and other parasites that inflict the world’s economy…”

34:10 – “The time it takes a worker to light a room, from the fires in the caves of the caveman, through the candles at Versailles, through whale oil lamps and kerosene, and on into fluorescent bulbs and now LEDs, the progress of light increased hundreds of thousands of times faster than any economist calculated…”

Bill Bonner – Episode #225

36:12 –Dan sits down for an interview with Bill Bonner, who gives listeners some unique insights into gold and inflation… “Right now, it looks like we’re coming onto a period of intentional, disastrous, government driven inflation, so you’d expect gold to be heading for high ground. And it’s not, so you have to wonder, is your theory wrong?” 

42:55 – Bill talks about the Evergrande debt fiasco… “Evergrande promised investors 11% return. 11%! Where were they going to get 11%? They were going to have to sell a lot of apartments, which they didn’t sell…”

 46:21 – What are the consequences? Bill says, “Guess what I expect?… I expect their goods – their apartments – are all going to be marked down. Our money is going to be marked down. That’s what we’ve been producing, and it shows up in speculative investments. Not industrial capacity, not in houses, not in the things that we would normally, after a period like this, expect to be deflated…”

 Jaime Rogozinski – Episode #230

50:29 – Jaime Rogozinski shares what it was like when, seemingly overnight, the unassuming WallStreetBets reddit forum created massive problems for short-sellers on Wall Street… “It was overnight when GameStop happened… it became very public, very visible, and the world outside of finance found out about it…”

52:09 – When gamblers get access to commission-free options, things can go wrong very fast… “He ended up blowing up his account, and another $57,000 past that… Robinhood sent out a mass email to all of their clients saying, ‘We no longer allow box spreads on our platform’ so this individual single-handedly banned this maneuver…”

53:01 – And the gamblers didn’t stop there… One WallStreetBets poster took that strategy and began trading on margin… “One guy claims to have had like a $1 million position on a $4,000 investment…”