RWH012: Fear the Fed w/ Jim Grant

IN THIS EPISODE, YOU’LL LEARN:

• 18:35 - How the Great Inflation of 1965-81 shaped Jim Grant’s views on our current predicament.
• 25:31 - How history shows us that human behavior around money has never really changed.
• 30:50 - Why it’s futile to forecast interest rates, but wise to know what’s happened in the past.
• 42:53 - How the Federal Reserve sparked rampant inflation, why it’s scary, & how to deal with it.
• 55:16 - How central bankers illustrate the perils of overconfidence & the need for humility.
• 1:03:20 - How the Fed could wreck the U.S. economy while attempting to tame inflation.
• 1:07:01 - What investment opportunities Jim sees in this high-risk economic environment.
• 1:10:43 - Why he’s bearish on bonds as a 40-year cycle of falling interest rates comes to an end.
• 1:19:40 - Why Jim likes gold, not Bitcoin, as a protection against financial chaos & monetary folly.
• 1:35:07 - Why he adamantly refuses to invest in China.
• 1:28:47 - What Jim thinks of great investors like Seth Klarman, Paul Tudor Jones, & Bill Miller.
• 1:36:14 - How to handle the emotional challenge of investing when the stock market is tumbling.
• 1:40:57 - What we can learn from Bernard Baruch, one of the best investors of the 20th century.
• 1:44:22 - What you can learn from a classic investment book about the secret of “dying rich.”
• 1:53:10 - What Jim regards as “the most precious commodity” in life.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Jim Grant’s website for Grant’s Interest Rate Observer.
• Subscribe to Almost Daily Grant’s, a free (almost) daily commentary on financial markets.
• Grant’s Current Yield Podcast, which is co-hosted by Jim & his colleague Evan Lorenz.
• Jim’s annual investment conference in New York City.
• Jim’s book Bernard M. Baruch: The Adventures of a Wall Street Legend.
• Jim’s book Bagehot: The Life and Times of the Greatest Victorian.
• Jim’s investment recommendation, Palm Valley Capital Value Fund.
• William Green interviews Bill Miller about Bitcoin on the “Richer, Wiser, Happier” podcast.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• William Green’s Twitter.

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