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Financial Nihilism: Price Discovery in a World Where Nothing Matters | Ben Hunt & Grant Williams

Financial Nihilism: Price Discovery in a World Where Nothing Matters | Ben Hunt & Grant Williams

FromHidden Forces


Financial Nihilism: Price Discovery in a World Where Nothing Matters | Ben Hunt & Grant Williams

FromHidden Forces

ratings:
Length:
64 minutes
Released:
Feb 24, 2020
Format:
Podcast episode

Description

In Episode 123 of Hidden Forces, Demetri Kofinas speaks with two guests who have each made one prior appearance on Hidden Forces: Grant Williams and Ben Hunt. Ben is the founder of the widely read Epsilon Theory, a newsletter and website that’s become popular for its insights and analysis into markets and society with a particular focus on how narrative drives our perception of the world and our place in it. Grant is the long-time publisher of a popular financial newsletter, the host of a phenomenal sports podcast, and the co-founder of Real Vision, a financial media company that offers in-depth video interviews with some of the world's most thoughtful investors. Today’s conversation is broken into two parts, the second hour of which is available to our paid subscribers. In the first part we discuss a philosophy that Demetri calls “market nihilism,” which treats the objects of speculation as though they were intrinsically worthless.  We are witnessing price movements characteristic of a raging bull market without the euphoria that typically accompanies them. The rationalization that governments will "fix the mess" and that central banks will "buy the dip" channels a deeper sense of existential meaninglessness. Whether it's the decline of religion, the dismantling of the nation state, or the commodification of the self, something feels lacking.  In the second hour, the three continue their discussion about markets but also delve into more personal stories from their lives and careers. Grant shares anecdotes from his experience interviewing some of the most brilliant minds in finance and Ben shares insights from his own creative process and what motivates him. All in all, this is one of the best conversations we’ve ever released. If you are interested in accessing the overtime, transcript, and/or rundown to this week’s episode, you can do that through the Hidden Forces Patreon Page. All subscribers also gain access to our overtime feed, which can be easily added to your favorite podcast application.  Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at http://patreon.com/hiddenforces Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
Released:
Feb 24, 2020
Format:
Podcast episode

Titles in the series (100)

Get the edge with Hidden Forces where media entrepreneur and financial analyst Demetri Kofinas gives you access to the people and ideas that matter, so you can build financial security and always stay ahead of the curve.