Joe Lonsdale: American Optimist
Technology
What are the forces behind the scenes that drive financial markets? How do bubbles form — and are we in one now? What do the world's best investors understand and how do they consistently come out ahead?
This week we dive into global finance with one of the sharpest minds in macro investing: Whitney Baker, Founder and Chief Investment Officer of Totem Macro. Whitney previously worked at two of the world's leading investment firms, first in global macro & long/short strategies at Soros Fund Management and most recently as the Head of Emerging Markets at Bridgewater Associates.
In this episode, Whitney lays out the principles behind macro investing and how credit flows, borrowing cycles, and monetary policy drive global finance. She traces our current-day situation back to the 1970s when President Nixon ditched the gold standard and opened trade with China. She explains how a new age of deficit spending combined with China entering the U.S. bond market paved the way for the dot com bubble, and ultimately where we are today. Whitney makes the case that inflation isn't going away soon and believes the Federal Reserve's actions over the past few decades have exacerbated inequality in America. Yet, despite these headwinds, Whitney believes technological progress can sustain the U.S. through these challenging times, so long as we set the right conditions for our best entrepreneurs to succeed.
Thanks for reading! Subscribe for free to receive new posts and podcasts.
Ep 90: Ethan Penner on Choosing Greatness & Pioneering New Markets on Wall Street
Ep 89: Coleman Hughes on "The End of Race Politics" & the Worst Ideas Done in the Name of Diversity
Ep 88: A Conversation with MLK's Attorney & Speechwriter: Dr. Clarence Jones
Ep 87: Dr. Cliff Winston — Deregulate Lawyers, Deregulate Airlines, and Let Markets Correct Themselves
Ep 86: How to Design a STEM Curriculum for the 21st Century with Dr. David Ruth
Ep 85: The Path to Regime Change in Iran with Crown Prince Reza Pahlavi
Ep 84: Sri Ganesan on Freshworks' Big Win, Building Rocketlane & India's Tech Boom
Ep 83: A New Cancer Breakthrough with Ivan Dimov of Orca Bio
Ep 81: How Palantir Star Tyler Scriven Is Helping Small Businesses Compete Against Amazon
Ep 80: Leonard Leo's Winning Strategy to Rebuild Institutions, Accelerate Innovation, and Save Our Country
Ep 79: Bjorn Lomborg and the 12 Best Policies to Help the World
Ep 78: Emil Michael — the Master Dealmaker Behind Uber's Global Dominance
Ep 77: Mike Solana on Exposing Government Corruption, Saving San Francisco, and Building a New Media Empire
Ep 76: Accelerate or Die! Guillaume Verdon and the e/acc Movement
Ep 75: Leadership Lessons with Intuit Founder & Silicon Valley Legend Scott Cook
Ep 74: A Turning Point in Higher Education with Pano Kanelos & Niall Ferguson
Ep 73: How Candid Health Is Fixing the $280B Healthcare Billing Fiasco, With Lessons from Palantir
Ep 72: Illegal Chinese Bio Labs & Secret Police in the U.S.; Investigating the CCP with Congressman Mike Gallagher
Ep 71: Reinventing Community College with Tade Oyerinde, Chancellor of Campus
Create your
podcast in
minutes
It is Free
Insight Story: Tech Trends Unpacked
Zero-Shot
Fast Forward by Tomorrow Unlocked: Tech past, tech future
The Unbelivable Truth - Series 1 - 26 including specials and pilot
Lex Fridman Podcast