In this episode (recorded 8/3/17), Robert and Scott interview Colin Teichholtz, a partner and portfolio manager at global investment firm Pine River Capital. We begin by talking about how he was able to make money in college arbitraging used books and what makes someone good at identifying value in markets. We go on to talk about whether people who trade with major investment firms are suckers, what the value of financial advice is, and the advantages and disadvantages of risk parity funds.
Next we talk with Colin about what drives changes in market volatility and why political events often have little effect on markets. We go on to discuss what will happen if Congress fails to raise the debt ceiling and why market volatility has been low recently. Then we look at why inflation hasn’t been going up much in the US even though the unemployment rate is low and whether productivity growth in the US has stalled.
We close the podcast by asking Colin whether he thinks Mark Zuckerberg will run for president in 2020, what it’s like to work next to Trump Tower, and how he ended up introducing Michael J. Fox to Anthony Scaramucci (donate to the Michael J. Fox Foundation for Parkinson’s Research here).
The exit music is a clip from “Word Up” by Cameo. You can find NonProphets on Blubrry, iTunes, Stitcher and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.