The ACID Capitalist Podcast (Hugh Hendry)
Explore every episode of The ACID Capitalist Podcast
| Pub. Date | Title | Duration | |
|---|---|---|---|
| 04 Feb 2022 | HedgeFund Masterclass: CHINA CRASH 2024 | 01:23:35 | |
Macro Confessions Part XXV (APRIL,2012) This week Hugh felt a movement in the time-expanse of the financial universe. In a land far, far away, an elderly, wise man of his acquaintance, his Master and Macro overlord bore testimony to a prophecy of bad tidings. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 11 Feb 2022 | HedgeFund MasterClass - The Great Carbon Swindle | 01:15:46 | |
Macro Confessions Part XXVI (somewhere in the future) This week the camera never lies. Hugh is trotting out responses under cross-examination from Chris. Bridgewater, Ray Dallio, Is he the greatest hedge fund manager ever? He's certainly made more money than anyone else...And then, Hugh goes freestyle. You can literally see the moment when the Acid Capitalist forms a new idea in his head. You can share that light bulb moment. Be in the room as Hugh brings down absurdity to try save the planet. No new Hedge Fund wannabee can afford to miss this journey from the past to the present. Our resident Time Lord reveals his trippy macro insights and explains why his own endorsement of EU carbon trading permits from last year may now be bearing fruit. This week, Hugh aims his sights against Extinction Rebellion. Just what purpose does it serve? It feels more like fin de siècle, Dadaism than a logical plan to reduce carbon emissions. He snorts, it's more like the great generational swindle. Kids seeking to make a difference should spend their money buying closed end mutual funds designed to permanently reduce the number of available pollution permits. Stick it to the guy, we should buy the permits before the polluters. It's totally absurd... They wince as they consider the zero tolerance for new oil field exploration. 6.5 billion people on the planet consume 3 barrels of oil per person per year. We consume 13. Are they to live in poverty, denied our lifestyle? Or will oil demand double before 2050? What to do, pleads Chris? Corner the market for permits, drive the pollution cost higher demands Hugh. And get smarter, use renewable energy to fuel oil and gas exploration. Don't ban oil, that's suicide, find lower carbon oil instead. Only by being smart can we avoid oblivion. And NFTs, vouchers, permits. nothing is considered out of bounds. Hugh proposes a radical idea to enfranchise all of us. Distribute pollution NFTs to every household for free. Then start issuing fewer and fewer of them and demand that households pay for their own carbon footprint with such vouchers. Those that pollute less will own more vouchers and accrue a very valuable asset. Use crypto technology to spread ownership of the planet's problem, to create the love-cult 2050 with smart people solving the world's greatest pro ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 19 Feb 2022 | HedgeFund MasterClass - Profit from Russian Conflict | 00:59:48 | |
Macro Confessions Part XXVII, projecting forward from the macro year 2006. Chris finds a dishevelled Acid Capitalist holed up in his cement bunker in St Barts. The initial salvos find the boys reminiscing about the Fight Club, The UNIBomber, Nirvana and bereaving the passing of Agent 007 as one of their own. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 26 Feb 2022 | HEDGE FUND MASTERCLASS - NAVIGATE EUROPE ENERGY CRISIS | 01:12:07 | |
Macro Confessions Part XXVIII, projecting forward from the macro year 2007. Chris finds a Hank Moody like Acid Capitalist holed up in his friends' beautiful villa in St Barts. staring wistfully at the surf. The unthinkable has happened, Russian tanks have broken ranks and are moving in on Kiev. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 05 Mar 2022 | Hedge Fund Masterclass - Make Profits Not War | 01:03:19 | |
Macro Confessions Part XXIX, the Acid Capitalist is mad as hell. Bewildered and traumatised by the human catastrophe in Ukraine, he's left exasperated by sinister political forces seeking to stymie the advance of the European carbon trading platform to advance their own selfish causes. Carbon permit prices have fallen sharply. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 12 Mar 2022 | UNMISSABLE HEDGE FUND INTEL | 01:43:11 | |
Macro Confessions Part XXX, the Acid Capitalist is joined by his trusted lieutenant, @ToStRo and together with The Sweeney Alchemist, they brew a heady mix of Putin Put Downs and attempt re-set the global macro chessboard. Chris busies himself with a meaty cheese burger.. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 18 Mar 2022 | HEDGE FUND INTEL | 01:19:47 | |
Macro Confessions Part XXXI, a very tired Acid Capitalist, having flown half-way across the globe, joins the The Sweeney Alchemist (@writes_sweeney), in London Town to review the week when risk markets rallied. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 25 Mar 2022 | ACID ASSETS FOR THE MANY | 01:23:15 | |
Macro Confessions Part XXXII, The Sweeney Alchemist (@writes_sweeney) is worried that the Acid Capitalist (@hendry_hugh), has been detained in Kyiv en route back to his Blessed isle. Recent images reveal a stark concrete bunker. Just where is he this week? He calls upon the aid and inspirational insight of the political economist @MkBlyt, The Tangerine Bishop of Dundee. It's an unforgettable, Scottish ménage-à-trois that will have you reaching for the closed caption service sooner rather than later. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 02 Apr 2022 | Crazy Hedge Fund Idea | 01:01:40 | |
The unplugged episode. The Acid Capitalist appears down on his luck this week. Recovering from another bout of dengue fever and yet another evening of rock and roll indulgence, he laments that if only he had found more time to prepare, perhaps the show would have been more spontaneous? Have no fear, the show is interrupted as the French police arrive to question the Acid Cap, the screen drops to an intermission and he returns only to knock out his mic. This is a wild ride. Watch the mayhem unfold. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 09 Apr 2022 | The Soros Trade | 00:55:35 | |
This week, the Acid Capitalist is restored to his spiritual home, Blanc Bleu and boy is The Alchemist on form ! He's dug up some ancient manuscripts from 2007 from the legend, James Dines, the original gold bull. The foolish reject what they see, the wise reject what they think and accept what they see. Except, the Acid Cap is about to do the unpardonable and reject the wisdom that defined his hedge fund career. He's been looking at the Ruble. He refers to it dismissively as the Barney Rubble. The Barney has eliminated all of its losses since the shock of the unexpected military campaign against Ukraine. Men in Suits are adamant that this marks a profound moment in economic history. That Vlad the Bad is Vlad the Economic genius. The decision to peg to gold, a modern day gold standard, has many in the financial community proclaiming this as the moment Russia defeated the proxy economic war. But more than that, they claim it as a great pivot in history. Where Russia goes, we will follow. Huh?? The Acid Cap is having none of this. The screen price of the Barney is paint taping propaganda. It doesn't trade except by invitation. It's the preserve of the monetary authorities in Russia and those shameful nations that continue to dance with the Bear. Russian citizens certainly can't sell their Barneys, foreign nationals still holding Russian assets can't sell the rally and, heck, even Russian exporters must return their dollars to the kleptocracy. A gold standard is feasible in Russia because they've defranchised their citizens but elsewhere, democracies rejected the rigours of gold a century ago. The Wizard of Oz captures this poignantly. In the 19th century it was the elites that determined the outcome of elections. The lion depicts the mighty William Bryan Jennings, the populist presidential candidate who ran 2x and lost. The elites robbed him of his courage... Gold ain’t neutral. It favours the creditor over the debtor, forces the pain on the We, the People. With no vote, the people back then had to take it on the chin. When Treasury Secretart, Mellon, said purge the system of its rottenness in 1929, he was set to crucify the populace on the cross of gold. Thankfully, saner heads prevailed and the system was de-weaponised within 3 years but not before adult unemployment had su ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 15 Apr 2022 | The God Trade | 00:40:39 | |
The Reverence Episode. The Alchemist @writes_sweeney finds himself exalting at the triple religious whammy of Easter, Passover and Ramadan. But it's Franz Kafka that holds sway. The messiah will come only when he is no longer necessary; he will come only on the day after his arrival. The Acid Capitalist proclaims that the mysticism demanded to see the future for risk assets demands that you listen to those pursuing deviant pathways. He offers up his wooly hat as evidence...reject the front pages, listen to the Church of Acid Capitalism. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 23 Apr 2022 | Risk Markets set to Self Destruct | 01:17:44 | |
The alchemist doesn't speak, he yells; he's a proclaimer seeking the truth. Hear ye, hear ye, he bellows, the apocalypse is coming. Fear, greed, loathing, they're all set to knock the financial world off its perch once again. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 30 Apr 2022 | The Precipe, Markets on the Brink | 01:24:01 | |
This week's episode is probably the most profoundly ridiculous exercise in hyperbole ever attempted. The boys are sensing a regime shift. Volatility is like a prolonged period of high pressure in the atmosphere. Hedge fund types gunned it for all it was worth. Leverage, concentrated portfolios, lies and misdemeanours, they raked up huge profits and made themselves into billionaires many times over. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 07 May 2022 | Money Too Tight To Mention | 01:24:39 | |
The Alchemist explores the mysteries of hedge fund management further. This week's deep dive sees him wearing a suit! Can he cut it? The Acid Capitalist had a rough night but he's taken a magic pill to restore his superpowers and he eventually finds his mojo. This week we review central bank rate hikes. Surely, its the end, not the beginning? Private providers of credit have been raising rates since the summer of 2020. The US economy contracted last quarter. Official economic data is heavily revised in later years. Did the British economy relapse into recession last year? Just why are they insistent on more rate hikes? The Acid Capitalist is afraid, very afraid that equity markets might need to reverse all of their post covid glory. But rather than accentuate the negative, he wants to offer guidelines and solutions. He believes that they should plead a mea culpa, their primary responsibility rests with preserving asset prices. Only by revealing that they're essentially custodian officers charged with preserving the collateral that underpins the huge debt mountain will we move forward. Better yet, they should move to enfranchise those citizens that have no assets. They should create a sovereign wealth fund. QE has only prolonged the depression. Better to impose a withholding tax on mercantilist nations that choose to park their trade bounty in treasury markets. These countries forsake endogenous domestic growth in favour of chasing exports. They perceive this as a more robust economic plan. But the world of international trade is the business of robbing Peter to pay Paul. To enact their cunning strategy, global savings must rise. In China, savings rise because their currency is set too low, preserving a comparative trade advantage that market capitalism would otherwise bid away. Without their state interventions their currency would rise to bring the world into balance. Chinese households' incomes would reset higher and they might reasonably consume more. This does not happen. Instead savings rise; the share of consumption to gdp is remarkably low for such an advanced state. The same applies elsewhere. With their comparative advantage, their lower relative manufacturing costs, secured by their "cheap" currency, they bleed jobs and income security f ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 14 May 2022 | Buck Broke Bitcoin | 01:08:50 | |
Bloody hell. So much for stable coins. Fight it out in the comments; does anything matter anymore if the crypto well has been poisoned by lies and malfeasance? The Acid Capitalist saw a debate on twitter about whether he was a misunderstood genius or a pretentious riddler. Neither, he's a fool in a foolish world. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 20 May 2022 | There Will Be Blood | 01:33:53 | |
There will be blood. Let’s discuss. The Acid Capitalist continues to fume about injustices. He has the Fed and the mercantilistes in his sights. First the global economy has failed to regain its previous trajectory of greater prosperity ever since the Great Financial Crisis of 2008. GDP is lost somewhere over the Atlantic, destination unknown. The economy has recovered for sure but its no way near the level that a rational investor at the turn of the century might reasonably have expected. The shortfall at the global level might be more than $20 trillion. It’s absence froments social anger. There will be blood. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 27 May 2022 | Banned in China | 01:28:04 | |
The Acid Capitalism show went live this week. The Alchemist's hair morphed into a flock of seagulls. The Acid Capitalist levitated above the week's noise. He's a plastic thief with no belief in what he steals. A shirtless Good Kid B.a.a.d City holds it together. The Capitalist raps, 'The American Queen, she be smoking Prozac, The Totalitarians, they be smoking Napalm.' Macro thoughts from a bunker on a ting rock on a sea of oblivion. The church is open for prayers ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 02 Jun 2022 | Hurricane MACRO | 01:27:10 | |
We're joined by the Macro Compass writer, Alfonso Peccatiello, former bank prop trader, to discuss all things macro in the wake of JP Morgan's chief, Jamie Dimon, issuing a hurricane warning - bad things are coming. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 10 Jun 2022 | HUMPTY DUMPTY MACRO | 01:23:23 | |
Another live edition. Humpty Dumpty? Remember the children's poem. With all the king's horses and all the king's men. They couldn't put Humpty together again...Are we closing the chapter that saw asset prices surge post the great financial crisis? Inflation or deflation? Which crisis seems more likely to the shroomers? The church debates. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 17 Jun 2022 | CARL ICAHN'S IDIOT BUTTON | 00:51:10 | |
I hate Fridays.This week we had a bantam weight world title decider between the contrarian and the populist. The Acid Capitalist squares up against Dylan Grice. Dylan spent years as a macro advisor tussling with the world's best hedge fund minds. He's worth a listen although the passing years haven't been kind. Still he's coining it in 😘 ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 25 Jun 2022 | The Week That Commodities Confirmed the Worst | 00:56:32 | |
Another live performance reflecting on tribal questions and the precipitous decline in commodity prices one week after the Fed's latest interest rate hike. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 01 Jul 2022 | Psychedelic Therapy with Denise Shull | 00:57:35 | |
The Acid Capitalist podcast | Psychedelic Therapy ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 08 Jul 2022 | UFOs, Bitcoin, & the End of the World w/ Matthew Pines | 01:34:54 | |
Jason Bourne aka Matthew Pines joins the Acid Capitalist for a deep dive on tail risk. Let the war games begin. Don't forget to rate, review, comment, and share on Apple Podcasts... the hats are coming people! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 12 Jul 2022 | 👏 BONUS 👏 EDITION: 👏 Featuring Tom Roderick 👏👏👏 | 01:17:16 | |
Jump on the bucking bronco🐎 with a special 👏bonus edition👏 of the Acid Capitalist Podcast, featuring the one and only Tom Roderick (@ToStRo)! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 15 Jul 2022 | Asian Tigers with Russell Clark | 01:03:31 | |
The Acid Capitalist and the Alchemist reunited and ready for a magic mystery tour of Asia with special guest Russell Clark. *** Russell Clark on Substack https://www.russell-clark.com Russell Clark on Twitter https://twitter.com/rampagingruss *** Leave a 5-star review on Apple Podcasts! Like and subscribe to Hugh's channel on YouTube Follow Hugh on Twitter Follow Hugh on Instagram *** REMINDER: Want to be notified about limited edition hats before they go on sale? Rate, review and comment on Apple Podcasts and send a screenshot to info [at] upsonpartners [dot com] -- the first 100 commentators will get on the list! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 22 Jul 2022 | Halfway up the River with Ben Hunt | 01:04:11 | |
Join Hugh Hendry and Ben Hunt (@EpsilonTheory) for a cerebral journey halfway up the river of your mind. Colonel Kurtz and villagers await you on a macro expedition like no other! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 29 Jul 2022 | Part II: Halfway up the River with Ben Hunt | 00:58:50 | |
Ben Hunt @EpsilonTheory is back for part II of our journey. Tune in, drop out and hold on tight as we enter the heart of darkness... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 05 Aug 2022 | Crude Talk with @ChiGrl aka Tracy Shuchart | 01:28:06 | |
@ChiGrl aka Tracy Shuchart is on this week's episode to discuss all things oil! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 12 Aug 2022 | Cowboys and Pirates with Javier Blas | 01:08:29 | |
Bloomberg columnist Javier Blas (@JavierBlas) joins the gang to talk commodities, Indiana Jones, pirates and cowboys. Hugh mulls a run for President of Libya; and the Alchemist discusses Hugh's death defying journey through Zimbabwe! Please rate 5-stars, comment and subscribe on Apple Podcasts. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 19 Aug 2022 | Central Banking Isn't Working featuring Prof. Blanchflower | 00:55:57 | |
Prof. Blanchflower joins Hugh and the Alchemist for a no-holds-barred discussion on the folly of group think and failure of central banks. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 26 Aug 2022 | Arrogance And Conceit of BTPs with Russell Clark | 01:23:12 | |
Rampaging Russ AKA Russell Clark, is back for round two! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 02 Sep 2022 | Voodoo Lounge with Jared Dillian | 01:31:02 | |
Join the Alchemist and Hugh as they enter the voodoo lounge with with Jared Dillian... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 10 Sep 2022 | Ghost in the Machine (Remix) | 00:19:48 | |
Welcome to a special episode of the Acid Capitalist -- ghost in the machine. This week we have an interview with an institutional trader on Wall Street who focuses on exotic derivatives and volatility. After the interview was over the guest's firm threatened legal action and tried to stop this episode from airing. The guest and firm will remain anonymous. Listen and judge for yourself why they tried to stop us. I suggest the guest and firm panic. The tribe of Acid Capitalism will not be stopped. Enjoy. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 17 Sep 2022 | Hendry Goes to China: the Great GDP Swindle | 00:10:00 | |
Hendry Goes to China: the Great GDP Swindle ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 23 Sep 2022 | I believe, I believe? | 01:02:43 | |
Saving retail investors one podcast at at time...all I can ask is that you stick with us till the end on this one... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 01 Oct 2022 | Three Bowmen of the Apocalypse | 00:47:25 | |
Cem Karsan's breadth and depth of knowledge has the Acid Capitalist reaching for the Ashwagandha! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 07 Oct 2022 | ∞Infinite Price Target∞ | 01:49:32 | |
Can you make money while saving the planet? ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 14 Oct 2022 | Dark, Mysterious & Sexy Volatility | 01:22:26 | |
Benn Eifert (🧙🏿♂️, ) @bennpeifert takes the Acid Capitalist into the shadowy world of volatility. 00:01:00 - Benn Eifert 00:07:30 - The grind 00:13:24 - Relax, have a jelly 00:20:00 - I have a certain set of skills... 00:31:00 - Someone is doing something stupid 00:40:45 - Long convexity 00:50:00 - Puke to the downside 00:57:40 - Two final questions 01:01:00 - Money's too tight to mention ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 21 Oct 2022 | Anarchy in the U.K. | 01:13:19 | |
Sir Tom Roderick (@ToStRo) and the Acid Capitalist go head to head for the showdown of the season. 🚨🚨🚨GIVEAWAY: Get a free Acid Cap by liking and commenting on this YouTube video. INSTRUCTIONS: Like and comment on this video. If the video reaches 1k likes and 500 comments within 28 days of posting, we will select the best comment and ship them an Acid Cap of their choice. Good luck! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 28 Oct 2022 | The Exorbitant Burden with Matthew C. Klein | 01:27:21 | |
Matthew C. Klein (@M_C_Klein) Founder of THE OVERSHOOT co-author of TRADE WARS ARE CLASS WARS joins the Acid Capitalist for a tour de force discussion you won't hear anywhere else. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 04 Nov 2022 | LIVE IN BOSTON! (2022 World Tour) | 00:48:19 | |
Hugh live in Boston, speaking at the Fall 2022 STANSBERRY CONFERENCE & ALLIANCE MEETING. THIS IS NOT INVESTMENT ADVICE!! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 12 Nov 2022 | Ask Me Anything! (This Is Not Financial Advice!) | 01:01:06 | |
Ask me anything! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 18 Nov 2022 | The End? with Jeffrey Sherman | 01:19:04 | |
Is this the end? Featuring special guest Jeffrey Sherman, Deputy CIO DoubleLine. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 25 Nov 2022 | Escape Velocity with Lacy Hunt | 01:18:17 | |
Hugh sits down with living legend, Lacy Hunt, PhD - Executive Vice President of Hoisington Investment Management. Will they achieve escape velocity? ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 03 Dec 2022 | The Collapse of Three Arrows Capital: Part I with Kyle Davies | 01:02:51 | |
The Collapse of Three Arrows Capital: Part I with Kyle Davies ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 09 Dec 2022 | The Collapse of Three Arrows Capital: Part II (THE CRASH) | 00:46:48 | |
The epic conclusion of our two part journey behind the scenes with Kylie Davies and Three Arrows Capital...THE CRASH! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 16 Dec 2022 | Life in the Fast Lane with Martin Armstrong | 01:14:00 | |
Sit down, have a glass of wine and listen to Hugh Hendry and the colourful Martin Armstrong get perpendicular and discuss the here and now... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 23 Dec 2022 | Hugh Hendry's Christmas Carol with Tom Roderick | 01:31:18 | |
Hugh Hendry's Christmas special is the gift that keeps on giving! Get ready for a festive feast of financial insights and festive cheer as Sir Tom Roderick makes his triumphant return. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 20 Jan 2023 | Balenciaga, H&M, and the Triangle of Sadness with Keith McCullough | 01:08:50 | |
Worlds collide as Hedgeye Nation meets the tribe of Acid Capitalism. 00:00:00 - Naked with Miss Universe 00:02:10 - Zoolander meets Soros 00:09:10 - TLTing @ windmills 00:11:07 - Goldeneye 00:13:30 - FED operation break shit 00:19:48 - I’m with stupid 00:26:30 - Anything but routine 00:38:00 - You’re fired! 00:46:00 - Risky business 00:51:02 - Turning Japanese 00:55:00 - Raccoons & Rubbish ***FOR ENTERTAINMENT PURPOSES ONLY*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 28 Jan 2023 | How to Make $1 Million Shorting Tesla | 01:34:24 | |
Mark B. Spiegel @StanphylCap joins the Acid Capitalist for the conversation you’ve all been waiting for...DO NOT TRY THIS AT HOME! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 04 Feb 2023 | S&P to 5,000?! with guest George M. Robertson | 01:31:44 | |
S&P to 5,000?! ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 09 Feb 2023 | The Mother of All Bull Markets in Treasuries with Alex Gurevich | 00:59:42 | |
The Mother of All Bull Markets in Treasuries with Alex Gurevich ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 13 Feb 2023 | The Collapse of Three Arrows Capital (addendum) | 00:11:33 | |
***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 17 Mar 2023 | Quantum Solace of Finance | 00:56:13 | |
He’s back…our thanks to Nick Searle (@searley1 @searley2) and the team at Zeus Capital (@zeuscapital) for their collaboration on this week's episode. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 25 Mar 2023 | The Great, Great Depression | 00:05:49 | |
***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 31 Mar 2023 | Ringside Rematch w/ Richard Werner | 00:39:15 | |
Hugh and Professor Richard A. Werner go toe to toe... ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 08 Apr 2023 | Judas and the Resurrection of TLT w/ Josh Answers | 01:17:25 | |
Judas and the Resurrection of TLT w/ Josh Answers ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 28 Apr 2023 | American Piggybank with Brad Setser | 01:32:38 | |
Hugh’s adventure in the mountains continues…hold on to your hats. 00:00:00 - Asian Crisis 00:08:10 - The value of money 00:24:03 - Taiwan devaluation 00:51:17 - Hidden money 00:63:04 - US and Global Savings 00:70:01 - Reservations about reserves ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 07 May 2023 | PREVIEW: Hugh Finds Jesus with Jeff Snider | 00:30:39 | |
⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 12 May 2023 | Preview: TLT Takedown? with Russell Clark | 00:25:25 | |
To hear the entire conversation sign up at https://www.patreon.com/HughHendry ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 20 May 2023 | Preview: The End of History with Mike Green | 00:16:57 | |
To hear the entire conversation sign up at https://www.patreon.com/HughHendry ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 27 May 2023 | Preview: Hugh Answers & Josh Asks | 00:28:28 | |
To hear the entire conversation sign up at https://www.patreon.com/HughHendry ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 03 Jun 2023 | PREVIEW: Squeezed! The Wild, Untold Stories of Short-Selling w/ Marc Cohodes | 00:27:01 | |
To hear the entire conversation sign up at https://www.patreon.com/HughHendry ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 10 Jun 2023 | PREVIEW: A 1-in-20 Chance of Armageddon w/ Matthew Pines | 00:29:30 | |
To hear the entire conversation sign up at https://www.patreon.com/HughHendry ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 17 Jun 2023 | PREVIEW: Convexity: The Dredge Dialogue | 00:27:47 | |
To hear the entire conversation sign up at https://www.patreon.com/HughHendry ***THIS IS NOT INVESTMENT ADVICE!!*** ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 23 Jun 2023 | Preview: The Repo Man Cometh... With Scott Skyrm | 00:24:38 | |
To hear the entire conversation sign up at https://www.patreon.com/HughHendry ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 27 Jun 2023 | UNLOCKED: A LIVE recording of a Different Perspective with host Nick Searle, Hugh Hendry and Barry Norris | 01:18:39 | |
A LIVE recording of a Different Perspective with host Nick Searle, Hugh Hendry and Barry Norris Listen to last week’s live recording of A Different Perspective podcast, featuring host Nick Searle with guests, macro trading legends Hugh Hendry and Barry Norris. This episode was recorded in front of a live audience at St Ethelburga’s in the City of London on 21st June. Nick, Hugh and Barry discussed the rate rise dilemma faced by the FED and Bank of England and what needs to break, are we over peak ESG and what is the future for active fund management. Hugh Hendry is a hedge fund manager and podcast host. Hugh was previously at Baillie Gifford and Odey Asset Management, and his Eclectica macro hedge fund was famously up 50% in 2003 and up 50% in the month of October in 2008, earning him a reputation as a contrarian investor. Barry Norris is the Founder of Argonaut Capital, an equity fund management company based in London. Barry is the Fund Manager of the Argonaut Absolute Return Fund, a leading equity long/short fund, managed using contrarian top-down macro views and a bottom-up “earnings surprise” stock-picking process. He also writes the widely followed “Argonautica” blog and creates Argonaut’s distinct “Stockumentary” videos. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 30 Jun 2023 | UNLOCKED: The Future of Money with AllinCrypto | 00:57:46 | |
UNLOCKED: The Future of Money with AllinCrypto ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 04 Jul 2023 | Preview: PART II The Future of Money with AllinCrypto | 00:25:43 | |
To hear the entire conversation sign up at https://www.patreon.com/HughHendry ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 07 Jul 2023 | Preview: Venturing Across the Abyss: The Bridge of Hope w/ George Magnus | 00:28:08 | |
Venturing Across the Abyss: The Bridge of Hope w/ George Magnus ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 14 Jul 2023 | PREVIEW: Anarchists at the Fed with Steve Hanke | 00:30:46 | |
PREVIEW: Anarchists at the Fed with Steve Hanke ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 21 Jul 2023 | Macro Jiving: Inflation? Sticky or Slip, Sliding Away with Tom Roderick | 00:28:04 | |
Listen to the entire conversation at https://patreon.com/HughHendry ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 28 Jul 2023 | Acid Capitalist meets Real Vision Mashup with Andreas Steno (Preview) | 00:19:40 | |
Acid Capitalist meets Real Vision Mashup with Andreas Steno ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 04 Aug 2023 | Inflation Collision Course with Bob Elliot (Preview) | 00:29:40 | |
Inflation Collision Course with Bob Elliot (Preview) ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 11 Aug 2023 | The Approaching Macro Shock Wave with Skanda Amarnath (public preview) | 00:32:26 | |
The Approaching Macro Shock Wave with Skanda Amarnath (public preview) ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 18 Aug 2023 | Macro Musings with Jim Bianco (preview) | 00:27:46 | |
Listen to the entire conversation at https://www.patreon.com/HughHendry ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 26 Aug 2023 | Acid Capitalist Summer Camp Roundtable with Brent Johnson, George Gammon, Hugh Hendry & Jeff Snider | 00:38:46 | |
Brent, George, Hugh and Jeff sit down to discuss FX and the Japanese Yen and Chinese Yuan devaluation, monetary policy, Fed actions and the yield curve. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 15 Sep 2023 | The World´s #1 Bond Trader Reveals His Next Money Making Trade. Exclusive Interview With Bob Treue | 00:29:05 | |
Watch the entire conversation at https://www.patreon.com/HughHendry ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 01 Oct 2023 | Trading The End of the Cycle And Generating Equity Risk Premium. | 00:18:30 | |
This video was originally released on my Patreon. To get exclusive access to all of my content as soon as it´s released, sign up today and I´ll see you in there. I found it priceless. The nonsense that's spoken by the biggest investors. Words, endless words, jargon A science of profanities. But hat tip to the Bloomberg anchor, Tom Keane, for asking the most pertinent question, "Aren't you just making this up as you go along ?" A lot of the interview discusses investment strategy at the fabled end of the cycle. What cycle you might ask. The rates cycle ? The Fed seems to have indicated that hikes are ending. Will the US economic cycle end ? It continues to surprise on the upside but surely its days are numbered ? There's a discussion about the equity risk premium. A means of considering the relative attraction of stocks versus bonds. Everyone is against the Treasury market currently. But the equity risk premium is urging caution on equities. We discuss. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 14 Oct 2023 | What Do I Think Of Bitcoin? | 00:12:11 | |
Here is a behind the scenes interview I gave at the Bitcoin conference in Amsterdam with Isabella from Bitcoin Magazine. In this interview we discuss why I don't believe Bitcoin is going to fix every issue the current system has, as well as so much more. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 17 Oct 2023 | Is The 40 Year Bond Bull Market OVER? Jeffrey Gundlach & The Acid Capitalist Discuss. | 00:13:04 | |
Here is a sneak peak from my 38 minute full video that I dorpped on my Patreon last week. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 29 Jan 2024 | Is Softbank Crazy Bust? | 00:52:37 | |
In this week's episode Nick Searle the from ADP podcast interviews Hugh Hendry. They discuss when will the Fed cut interest rates, the 1970s and Hugh's white paper on the parallels between the monetary landscape and the Chernobyl nuclear disaster, suggesting that attempts by central banks to control economic temperature may lead to unintended consequences. They also cover Hugh’s view of Japan, Greyscale, Bitcoin and the price of Gold. Hugh also discusses arguing with his 'AI version of himself'. Nick's book suggestion is The Creative Act by Rick Rubin ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 09 Mar 2024 | Acid Therapy - Episode 1 | 00:31:17 | |
Switching it up with a throwback from the archives. About a year ago, I had a series of 3 interviews with Denise Shull. She's a certified pro, cut from the same cloth as Wendy from Billions – you know, that HBO show about Bobby Axelrod, the hedge fund big shot. Denise even took a swing at the show's creators, claiming they owed her royalties for using her likeness in Wendy's character. She lost that one. Tough cookie, but sharp as hell. I hesitated about putting this out. It's not your usual investment talk, but maybe it's got something to say about our crazy world. Beyond that, it gets real personal. Last year was a deep dive into hurt for me, going through a separation with my life partner. Yeah, I'm the guy who married his first date. Who does that, right? Anyway, I've had time to think, and one thing missing from public life is laying it all out there. I felt the sharp pain that the chaos life sometimes throws at us. Figured maybe it's better out in the open. Most times, I'm cruising around playing the king-of-St-Barts, but reality is a whole lot more complex. To understand me better, I wanted to share. 'Cause we're all on this journey, and you've got to believe that open talks and exchanges are what helps us along the way. Anyway, enough rambling. Here's the first episode, just for you. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 11 Mar 2024 | Acid Therapy - Episode 2 | 00:31:39 | |
Ladies and gentlemen, daredevils of the financial markets, connoisseurs of the unconventional, welcome back to what I've cheekily dubbed "Acid Therapy" with the indomitable Denise Shull. If you thought our first Tango-in-Paris was a trip down the rabbit hole, brace yourselves for a sequel that delves deeper into the psyche of trading, investing, and the emotional rollercoaster that accompanies the pursuit of pecuniary success. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 15 Mar 2024 | Acid Therapy - Episode 3 | 00:16:49 | |
Welcome back, my enlightened audience, to another episode of Acid Therapy, where yours truly, The Acid Capitalist, delves once more into the mental maelstrom with Denise Shull's guidance. This episode serves as a serenade to the chaos of existence, exploring a myriad of topics from the rollercoaster of my personal life to the philosophical musings that keep the midnight oil burning. Denise skillfully prods and pokes at the fabric of my psyche, unraveling threads of my past, my dance with financial peril, and my unwavering quest to find meaning in the madness. From the stress of nearing completion on a villa project to childhood recollections shaping my adult anxieties, each moment leads us closer to unraveling the enigma of The Acid Capitalist. So, brace for impact; this one cuts deep. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 05 Apr 2024 | The Path to Serfdom | 00:41:00 | |
Dive into the vaults with the ACID Capitalist, as I resurrect a mentoring session from July '23, "The Path to Serfdom". The young Padawan and I dissect the how and why of the financial depression gripping the majority, questioning the orthodoxies that pin us down in a world seemingly designed by and for the elite. This isn't a chat; it's a rebel yell, seeking to redefine what we accept as economic 'normalcy'. Gear up for a discursive journey through the financial wilderness, where no question is too sacred, no theory too outlandish. We don’t like slavery, we won’t beg but with a rebel yell, we’ll take more, more, more. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 11 Apr 2024 | Les Étoiles Vagabondes | 00:31:31 | |
Step off Wall Street's grimy sidewalks and plunge into the wilderness with the ACID Capitalist as your guide on another mind-bending journey. We've connected with Tom Morgan, a standout from this year's Ira Sohn conference and a fellow traveler lost in the financial wilds. Tom tells me that it's fantastic being telepathic, that he’s read my mind, that things are really drastic… ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 01 May 2024 | Fools Gold: The ACID Capitalist Reveals How to Trade Gold | 00:32:29 | |
Welcome to a journey into the gold markets on today’s podcast, where I, alongside a valued member from the John Galt community, dive deep into the glittering realms of gold trading. For the next 50 minutes, we’re going to tackle some burning questions, slicing through the noise with sharp insights and fearless forecasts. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 15 May 2024 | The Stoned Investor Sees All | 00:30:38 | |
Strap in for a wild ride through the cannabis revolution with Peter Barsoom, the mastermind behind 1906, where ancient botanicals meet modern science in a dazzling maze of Dadaist innovation. In this episode, Peter takes us behind the scenes of crafting cannabis products that aren't just about getting high—they're about elevating your well-being. From the gritty details of pioneering the industry's first fast-acting edibles to redefining everyday wellness, Peter shares how his Wall Street savvy catapulted 1906 into the spotlight of the green rush. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 18 May 2024 | The ACID Capitalist Unplugged: Subscriber Q&A | 00:06:21 | |
Some folks possess the philosophers stone. Me? I just have this fabulous oversized sofa at Maison Blanc Bleu, and as this glorious weekend unfolds, I'm rolling out my life creed. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 14 Jun 2024 | Macro Markets Unleashed: Hugh Hendry, Brent Johnson, and Tracy Shuchart in Conversation | 01:05:26 | |
Step into the dim glow of our dive bar of financial musings in the humid, Caribbean night air, where the ACID Capitalist, Hugh Hendry, the sardonic Brent Johnson (@SantiagoAuFund), and the ever-perceptive Tracy Shuchart (@chigrl) huddle over a table of half-empty glasses and half-baked theories. This is a raw, unfiltered exploration into the underbelly of macroeconomics. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 21 Aug 2024 | Just who is Keyser Söze? The tragic end of Mike Lynch | 00:09:56 | |
Mike Lynch, a man who faced down the giant of US Justice, out maneuvered the legal behemoths, took on the law and emerged victorious—only to be taken by the cold, capricious hand of Mother Nature. Imagine it: overcoming insurmountable odds, the weight of the world against you, and yet, you rise. Then, in a cruel twist, you're snuffed out by the very seas that should’ve carried you home on a joyous victory lap of vindication. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 19 Nov 2024 | Acid Breath 1 - Complexity | 00:20:56 | |
Why Acid Meditation Matters for Investors: Embracing Complexity and the Chaos Within Dear friends You might be asking, “Why should I, a seasoned or aspiring investor, care about meditation?” Here’s the brutal truth: Most investors lose money not because of bad strategies, but because they can’t manage their own emotions. Fear and greed are more dangerous than any market downturn. Acid Meditation is my answer to that problem. It’s about developing the mental architecture to withstand volatility, to spot and accept serendipity, and to harness the power of the unknown. I’ve taken risks all my life. I know what it feels like to be on the edge, both financially and existentially. This meditation series is a distillation of that experience: a guide for how I’ve sought to understand not just the market but the deeper truths that govern my existence. So, if you’re ready to challenge yourself, to engage with complexity rather than flee from it, and to elevate your thinking in a world that demands constant adaptation, then join me. Acid Meditation isn’t just for seekers of peace; it’s for warriors of the mind, those who dare to think differently and profit from it. Let’s explore the edge together. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 22 Nov 2024 | Acid Breath 2 - The Macro Blues | 00:29:41 | |
Macro Meditation #2 Wow. Did you enjoy the Complexity episode? I went full zen on you. Deep breathing, tapping into the god-like forces within. Sounds crazy, right? Except it’s not. You are the god. The universe doesn’t revolve around some external queen bee or king. Nope, it’s you. But modern society? It’s been locking that realization away for centuries, creating gatekeepers, the constant buzz of traffic on the mental highway that runs through your mind. The incessant voices that keep you hustling, second-guessing, never questioning the system. That’s why I lean into serendipity and synchronicity. I’ve found creative rebirth through breathing, through breaking on through to the other side. It’s about reconnecting to the magic kingdom within. Forget the false gods of Wall Street, religion or the carnival of politics. I don’t care who won the election, both sides are just the hapless lions in The Wizard of Oz, prowling around, but without the courage to challenge the status quo. Speaking of which, let’s talk markets. Did you know the S&P has gone up nearly 60-fold since 1980? Fortunes have been made by the money changers, the witches of the east, Wall Street Barrons. Asset prices have soared on the back of globally suppressed labour costs and perpetually low rates. But for the average Joe? Stagnation. Real wages flatlined decades ago, communities frayed. And yet, we cheer every tick higher on the stock index, oblivious to the cost. I want you to be courageous my curious mind warriors. To have the kind of courage that questions, that disrupts. The kind of courage you find when you strip away the noise, quiet the mind, and breathe deeply. So, as I close out this meditation, let me remind you: it’s okay to be a little crazy. Embrace the complexity. Be curious. Be bold. And most importantly, keep being acid capitalists. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 22 Nov 2024 | Acid Breath 2 - The Macro Blues - No Music | 00:28:42 | |
Macro Meditation #2 Wow. Did you enjoy the Complexity episode? I went full zen on you. Deep breathing, tapping into the god-like forces within. Sounds crazy, right? Except it’s not. You are the god. The universe doesn’t revolve around some external queen bee or king. Nope, it’s you. But modern society? It’s been locking that realization away for centuries, creating gatekeepers, the constant buzz of traffic on the mental highway that runs through your mind. The incessant voices that keep you hustling, second-guessing, never questioning the system. That’s why I lean into serendipity and synchronicity. I’ve found creative rebirth through breathing, through breaking on through to the other side. It’s about reconnecting to the magic kingdom within. Forget the false gods of Wall Street, religion or the carnival of politics. I don’t care who won the election, both sides are just the hapless lions in The Wizard of Oz, prowling around, but without the courage to challenge the status quo. Speaking of which, let’s talk markets. Did you know the S&P has gone up nearly 60-fold since 1980? Fortunes have been made by the money changers, the witches of the east, Wall Street Barrons. Asset prices have soared on the back of globally suppressed labour costs and perpetually low rates. But for the average Joe? Stagnation. Real wages flatlined decades ago, communities frayed. And yet, we cheer every tick higher on the stock index, oblivious to the cost. I want you to be courageous my curious mind warriors. To have the kind of courage that questions, that disrupts. The kind of courage you find when you strip away the noise, quiet the mind, and breathe deeply. So, as I close out this meditation, let me remind you: it’s okay to be a little crazy. Embrace the complexity. Be curious. Be bold. And most importantly, keep being acid capitalists. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 27 Nov 2024 | Acid Breath 3 - The Squirt and the Folly of MSTR | 00:25:43 | |
I was born in Glasgow, a city carved by raw grit and humor, think of Sir Alex Ferguson and Billy Connolly. Not far from there, I began my career in Edinburgh, a mere fifty miles geographically, but an infinite leap in atmosphere. Imagine stepping into an aristocratic investment house, its rooms brimming with the ghosts of ambition and refinement. Suddenly finding yourself in the domain of tall men in their dead fathers' ill-fitting trousers. Aristocrats in suits hemmed just above their ankles, like ghosts of a forgotten mod era. My first posting? The Japanese department, September 1990, nine months after the Nikkei’s spectacular peak at 40,000. I was young, unseasoned, but one thing I knew for sure: Japanese stocks were d-e-f-i-n-i-t-e-l-y not going back up anytime soon. Check the audio tape… It got me thinking. Is this not the state of many investors today? Consider the lobotomized meme stockholder, basking in the unthinking glow of rising markets. They’ve eaten their metaphorical brains, trading curiosity and action for the comfort of passive returns. They’re Holding On for Dear Life, foolish squirts I call them. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 05 Dec 2024 | Acid Breath 4 - The Gateless Gate and Acid Capitalism | 00:41:06 | |
A Life in Rebellion It's my raw and revealing true story. It's about rebellion. The quiet, existential battle against the grey, the dull, soul-crushing monotony that sneaks into the cracks of life. This isn’t just my story, it’s the story of the markets, a cosmic dance between chaos and order, failure and transcendence. The Rebel’s Genesis I grew up in Glasgow, a city painted in every shade of grey. Not just the skies -though they did their part - but a deeper, existential grey. It seeps into your bones, wraps around your dreams like damp wool, and whispers, "This is all there is." But the thing about despair is that, at its nadir, it can break you or awaken you. For me, it cracked open a door, and in walked Mr. Rebel, my lifelong companion. Markets as Rebellion Markets are alive, messy, and paradoxical. You're maybe subscribing to investment trading videos. They're a con peddled by folks who've never managed money professionally. They’re shills. Markets are not built on fundamentals or formulas but on sentiment, much like the neurotransmitters in your brain. The yin and yang of your nervous system, that mirrors the speculative highs and lows of trading. To navigate them is to ride the wave of human emotion, teetering on the edge of reason. You need to hear my story. The Void and the Dopamine Trap My rebellion wasn’t about making money, though I did plenty of that. It was about proving to the grey world that I’d escaped. Like a Zen koan, the markets posed unanswerable questions: What is the sound of one hand clapping? Why do bubbles burst? What’s next? I chased answers, built houses with swimming pools and tennis courts, and even tried to buy happiness on a tropical island. But the grey always seeped back in. It took me years to realize that heaven isn’t a place on Earth. It’s a state of mind, a rebellion against the self. Zen and the Art of Acid Capitalism In Zen, they speak of the gateless gate, the barriers we construct in our minds that don’t truly exist. The markets are full of these gates: self-imposed limitations, conventional wisdom, and the fear of uncertainty. To pass through them, you need to embrace paradox, chaos, and, yes, a little bit of ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 19 Dec 2024 | Acid Breath 6 - The Knickerless Karate Kick | 00:42:44 | |
Welcome to another episode of the Acid Capitalist, coming to you from the sun-drenched shores of St. Barts in the French Caribbean. This week, we’re diving headfirst into market mayhem, absurd tales, and the kind of insights you can only find here. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 12 Dec 2024 | Acid Breath 5 - The Kangaroo in the Wardrobe | 00:39:24 | |
This week, a journey through the bonkers world of financial markets, absurd cultural phenomena, and personal reflections from the splendid shores of St. Barts. A Brief Memoir Moment I share a childhood anecdote about an imaginary kangaroo in my parents’ wardrobe, a metaphor for life's absurdities and the early seeds of my contrarian mindset. From tales of youthful rebellion to the consequences of throwing stones at buses, I paint a vivid picture of life lessons learned the hard way and before the internet.. The Week in Markets I dive into the paradox of December markets: - Winners Ride High: Stocks like Nvidia continue their wild run, even as tech giants like Apple remain geopolitical pawns in the US-China game, the market cocks-a-snoop: Warren Who? - The Madness of MicroStrategy: Michael Saylor's strategy of leveraging meme stock madness to buy Bitcoin? Genius or depravity? I call it capitalism at its most unhinged. - Retail Phenomena: Ulta Beauty’s rise as the "crown jewel of vanity" and Estée Lauder's fall from grace become metaphors for the insecurity-driven consumer economy and a stock market seeking unattainable perfection. Macro Musings I connect the dots between today’s financial euphoria and the late 1920s: - Foreign capital is flooding into US markets, fueling asset inflation and American exceptionalism. - AI dominance, bolstered by the US tech ecosystem, is likened to the golden age of the 1920s. - I critique the global disarray, from Europe’s leaderless states to China’s economic skids, and I hail America’s continued structural advantage. Cultural Highlights From Charles Aznavour’s La Bohème to Nekfeu’s Plume, I try weave some French musical genius into my narrative, underscoring the importance of art and reflection amidst financial madness. So keep tuning in for more acid insights, market musings, and the occasional existential riff. Because, together, unified, we’ve got the power. Hugh ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||
| 25 Dec 2024 | Acid Breath 7 - The Quantum Insanity of Christmas | 01:04:23 | |
Welcome to a Christmas like no other, where I wrestle with the absurdities of modern finance and the strange beauty of human existence. From the quiet shores of St. Bart's, and it’s a quiet one for sure, Christmas morning and i’m about to post this to you all. There’s a cool macro economic essay in there somewhere. I wanted to get something, anything out there for this holiday season; I hope you can forgive the heavy breathing… This is a meditation on what it means to live in a world where financial systems are warped mirrors of reality. Why does the U.S. economy continue to thrive against the odds? What does it mean when a stock doubles in a month, only to face existential doubt the next? Are we all, prisoners of a system that was never truly rational to begin with? I reflect on moments from my own career, like the time I wagered against the optimism of Nokia in 1999 or found myself apologizing to a Carphone Warehouse magnate, my words echoing through the Mayfair offices as traders placed bets on how many times I’d say “sorry.” But this episode is mostly about life. About finding meaning in the noise, about letting go of the need for answers, and embracing the simple act of questioning. So, as 2024 fades into memory, join me in this moment of quiet reflection. Let’s step away from the screens, the data, the endless rush to predict the unpredictable. Let’s sit with the questions, about markets, about ourselves, and see what they reveal. These are THE questions for today. But they're questions worth holding onto as we head into the new year. Answers that will reveal themselves when they're good and damned ready to reveal. So, Good luck, my brothers and sisters. The spirituality of curiosity. I leave it for you to decide. ⬇️ Subscribe on Patreon or Substack for full episodes ⬇️ | |||