Top Podcasts of the Week

March 29, 2021

Below is our “Top Podcast” list with our curator, Colby Donovan!

Today we have Jason Hsu on why an active approach to investing in Chinese equities is best and an episode that covers why influencers should choose equity vs cash.

Investing

  • The Derivative: Making Market Music with Roy Niederhoffer. Niederhoffer is the founder and President of the R. G. Niederhoffer Capital Management, a long volatility hedge fund he’s ran for 29 years. He talks about his investment style (which he describes as ‘majority contrarian’), shares fun stories like when he gave one free bitcoin to anyone who took a meeting with him in 2012 at a conference, and the huge difference between getting interest rate trends right and actually making money doing so. Two themes throughout the entire episode are both the need to trade assets besides stocks and bonds and the potential tail risk currency debasement poses to investors’ portfolios. [March 25, 2021–1 hour, 17 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

You have to have your fire insurance before the fire starts.

  • Math & Magic: Stories from the Frontiers of Marketing with Bob Pittman: Brad Gerstner: “If something’s not a fast yes, then it’s a quick no.” Gerstner is the founder of Altimeter Capital, a multi-billion dollar technology-focused investment firm that invests in both public and private markets. He shares his story from being raised in a small town in Indiana to taking the leap to launch Altimeter after Lehman Brothers collapsed with ~1% of the soft commitments he was promised. He talks about taking risks to pursue your goals, how to build a strong culture, and what makes a great manager. He also touches on the Board Challenge, which he started to help diversify corporate boards over the next year. [March 18, 2021–51 minutes] iTunes Podcast | Spotify | Google | Breaker

  • Creator Economics: Why Influencers Should Choose Equity vs Cash. Reed Duchscher and Blake Robbins have a good, short discussion around everything that goes into the decision for creators and celebrities to choose equity in exchange for their sponsorship of a brand. One of the hosts talks about why he regrets not getting a creator equity in a prior deal done with Honey and that changed his mindset for future deals. They talk about the different ways these deals can be structured, whether it’s for an NFT, social media posts, or continual promotion. [March 27, 2021–23 minutes] iTunes Podcast | Spotify | Google | Breaker

Who better to invest in your company than the creators that have lived in that ecosystem?

The Meb Faber Show

  • The Meb Faber Show: #295 — Jacob Rubin, Philosophy Capital Management — I’ve Learned In This Business, You Want To Be Successful And Justify Charging A Fee, You Swing The Bat. Jacob Rubin is the founder and Managing Member at Philosophy Capital Management, which focuses on value and distressed credit. He starts by sharing the lessons he learned under Jerome Simon at Lonestar Capital Management. Then he dives into his investment philosophy, which can be described as old school value in a new school world. He shares how he uses pattern recognition to his advantage, how credit and equity investing help one another, and the thesis for some of his top holdings. He finishes explains how he thinks about the short-side of the portfolio and tells the story of why watching a TikTok video led him to immediately cover a short. [March 22, 2021–1 hour, 12 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

  • The Meb Faber Show: #296 — Jason Hsu, Rayliant Global Advisors — As Investors, We’re Always Looking For Uncorrelated Sources Of Return. Jason Hsu is the founder and chairman of Rayliant Global Advisors, a spinoff of Research Affiliates that’s focused solely on Asia. Jason begins the episode by explaining how the Chinese stock market has performed over the past year and how it differs from the U.S. Then he talks about his new ETF, which gives investors a way to allocate to China A-Shares. He explains why the A-Shares are a great place to seek outperformance due to the large amount of retail involvement and addresses some of the most commonly cited risks for investing in the Chinese stock market, including accounting issues and the presence of so many state-owned-enterprises. Jason finishes with his thoughts on the recent developments with Ant Financial and Jack Ma. [March 24, 2021–51 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

RECOMMENDATIONS
Books

Roy Niederhoffer (Founder, R. G. Niederhoffer Capital Management):

Ted Seides (Host, Capital Allocators):

Good investing,Meb Fabertheideafarm.com