Pods & Recs: No. 180
Today we have Jerry Parker on his trading philosophy, Nathan Myhrvold (the most interesting man in the world!) on his 1,700 page pizza book, Jared Dillian on the current market environment, and Malcolm Gladwell on the diagnostic power of dogs.
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Investing
Michael Covel’s Trend Following: Ep. 1000: Jerry Parker Interview. Turtle Trader and trend-follower Jerry Parker joins Covel to share his sane perspective during crazy times. He touches on his philosophy, principles, and rules for trading the market and how he’s evolved during his career. They even touch on a little crypto and why Parker started trading it. [August 23, 2021–56 minutes] iTunes Podcast | Spotify | Google | Breaker
“Clients will always be tempting you to do the wrong thing.”
“Today’s market has no bearing on tomorrow.”
Odd Lots: Mitu Gulati and Ugo Panizza on Haiti’s Odious Post-Colonial Debt. Law professor Mitu Gulati and economist Ugo Panizza talk about odious debt, which is illegitimate debt a government doesn’t want to pay that was incurred by a prior administration. They both talk about odious debt in relation to Haiti, which agreed to pay France 150 million francs for its freedom over 200 years ago and has severely impacted the Haitian economy today. They walk through the intricacies of the situation and look at it from every angle. [August 26, 2021–44 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link
Stansberry Investor Hour: Legendary asset manager Chris Mayer’s investment C.O.D.E reveals his favorite stocks to buy now. Mayer is the co-founder of Woodlock House Family Capital and author of 100-Baggers, and is interviewed from 15:20–54:00. He walks through his philosophy and explains C.O.D.E: cheap, owner operator, disclosure, and excellent financial position. He emphasizes the importance of finding compounders and holding them for the long-term. He even touches on some names that fit his framework, including Topicus, Evolution Gaming, and Constellation Software. [August 19, 2021–71 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link
“Time is the essential element and patience is key.”
People I (Mostly) Admire: 42. America’s Math Curriculum Doesn’t Add Up. Host Steven Levitt covers his own frustration with the U.S. math cirriculum and the need to teach less geometry and calculus and more statistics and data literacy. He walks through what the College Board has done with the SAT to help nudge students to learn more statistics and other hopeful trends that show statistics is being taught in more schools in recent years. [August 27, 2021–43 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link
The Meb Faber Show
#342 — Aaron Edelheit, Mindset Capital — The Best Investors Are Those That View It As A Game. Aaron Edelheit is the CEO of the private investment firm, Mindset Capital. He begins the episode by covering his time as the CEO of The American Home, a company he grew to over 2,500 single-family rental homes and sold in 2015 to a REIT for over $250 million. He explains why that experience has led him to be bullish on Mexican homebuilders and why he thinks one specific homebuilder is the most undervalued company in North America. He also covers why he’s bullish on Nintendo and the cannabis space. [August 23, 2021–80 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link
#343 — Dr. Nathan Myhrvold, Intellectual Ventures — Pizza In The United States Is What Convinced The World That Pizza Was A Great Thing. Dr. Nathan Myhrvold is one of the most prolific inventors with over 900 U.S. patents awarded. He graduated high school at 14, studied under Stephen Hawking in college, became the first Chief Technology Officer at Microsoft, and is now the founder of Intellectual Ventures, where he focuses on tackling big questions. In this episode, he starts by talking about one of his biggest passions — food! He’s written two James Beard award-winning cookbooks and is coming out with a three volume, 1,700-page book about pizza later this year. He walks through the science, stories, culture, and history behind pizza and gives his advice on how to make the perfect pizza. Then he shares the state of innovation in the U.S. and how he thinks we can fight some of the world’s biggest problems like climate change and disease. [August 25, 2021–56 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link
#344 — Jared Dillian, The Daily Dirtnap — The Cardinal Sin In Investing Is Selling Too Soon. Jared Dillian is the founder of The Daily Dirtnap and joins Meb to discuss the current market environment. Jared begins by explaining why he thinks we experienced a shift to an inflationary regime and what assets he expects to do well going forward. He shares his thoughts on gold, value vs. growth, and the low valuations in both Japan and Europe. He even touches on his recent article about why he believes the CFA designation is a waste of time. [August 27, 2021–51 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link
The Rest
Revisionist History: The Dog Will See You Now. If you’re a dog lover, you’ll love this episode. Malcolm Gladwell shares why dogs’ heightened sense of smell allows them to diagnose diseases more accurately than humans, including COVID. If you like this episode, check out this book about dogs’ ability to diagnoses diseases. [August 26, 2021–38 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link
BOOK RECOMMENDATIONS
Rick Reider (CIO of Global Fixed Income, Blackrock):
Emilie Choi (President & COO, Coinbase):
Joan Solotar (Global Head of Private Wealth Solutions, Blackstone):
