Podcast #19: Chat with Bill Fleckenstein

In today’s episode, Marcelo López spoke to Bill Fleckenstein, an investment manager with over 30 years of experience in the financial market. Bill shares his comments, market insights and investment ideas on the website fleckensteincapital.com.br.

Bill begins by discussing the magnitude of the attack on Saudi Arabia may have on markets depending on the actions taken in response to the incident and ponders about risk premiums and how agents have reacted to geopolitical tensions recently.

Fleckenstein then talks about the possibility that we are experiencing a bubble in the financial markets and the role that central banks, trading algorithms and passive investment vehicles play in this context, all from a historical and economic perspective, elucidating situations of distortion in asset prices.

On the possibility of a crash, Bill comments on Fed interventions, the impact of monetary policy on the market and what may be the catalyst for a strong correction, as well as aspects of the current scenario that are unprecedented in history and thus create more uncertainties.

Now is a good time to be shorting stocks? Fleckenstein, who has been very successful in the past with a short only fund, explains his point of view about being short at the moment and justifies, based on his perceptions of current market conditions, the valuations and prices observed.

Bill also talks about investing in gold and other precious metals, as well as gold mining, in contrast to other asset classes such as bonds and currencies, considering all the factors hitherto exposed.

As for the US-China trade war, Fleckenstein discusses his views on the issue and his expectations of a resolution for the problem. He also talks about the way Trump and next year’s US elections might impact those obstacles.

Bill concludes with an analysis of risks that are not being properly priced by the market.

PODCAST

Mais Episódios

|

In today’s episode, Marcelo López spoke with Mark Nelson, executive director of the Radiant Energy Fund, a non-profit organization focused on the energy market.  Mark is a nuclear engineer who started his career working with the famous Michael Shellenberger, author of the book “Apocalypse Never” and a great defender…

In today’s episode, Marcelo López spoke with Brandon Munro, CEO of Bannerman Resources, a company listed on the Australian stock exchange, ASX, focused on the exploration and development of uranium mines in Namibia. Brandon, a frequent participant in the L2 Capital podcasts, returned to discuss important topics such as…

No episódio de hoje, segunda parte de uma conversa que foi dividida em duas, Marcelo López conversou com Fernando Ulrich, sócio da Liberta Investimentos, e com Otávio Costa, mais conhecido como Tavi, portfolio manager da Crescat Capital. Marcelo começa falando do atual estado dos mercados e de uma possível…

No episódio de hoje, primeira parte de uma conversa que foi dividida em duas, Marcelo López conversou com Fernando Ulrich, sócio da Liberta Investimentos, e com Otávio Costa, mais conhecido como Tavi, portfolio manager da Crescat Capital. Tavi começa discutindo sobre os 3 itens que ele e a Crescat…

In today’s episode, Marcelo López spoke to Brandon Munro, CEO of Bannerman Resources, a company listed on the Australian stock exchange, ASX, focused on the exploration and development of uranium mines in Namibia. Brandon, who has participated in L2 Capital’s Podcasts # 05, # 14 and # 18, returned…

No episódio de hoje, Marcelo López conversou com Rodrigo Constantino, chairman do Instituto Liberal, autor de vários livros famosos e comentarista no programa 3 em 1 na Jovem Pan. Rodrigo começa falando sobre os efeitos econômicos do isolamento e distanciamento social causados pela pandemia do coronavírus no mundo. Em…

In today’s episode, Marcelo López talked to Adam Rozencwajg, managing partner at Goehring & Rozencwajg, a company specialized in natural resource investments, such as mining, energy and agriculture. Adam explains the model developed by G&R to understand the dynamic of the shale oil production in the United States and…

In today’s episode, Marcelo López spoke to Shawn Hackett, president of Hackett Financial Advisors, a company that specializes in providing advice for farmers and hedgers about soft commodities, based on analysis and forecasts of climate cycles. Hackett Financial Advisors helps traders and producers make decisions in agricultural commodities in…

In today’s episode, Marcelo López spoke to Paul Ma, director of CGN Mining, a company that is part of the China General Nuclear Power Group (CGN), the world’s third largest nuclear power corporation, and a member of the board of directors of Fission Uranium. Paul has more than 10…

In today’s episode, Marcelo López spoke with Anas Alhajji, a partner at Energy Outlook Advisors, as well as an internationally recognised author, speaker, researcher and specialist in the energy markets. Anas begins by discussing how the issue of the types and quality of oil is important and how that…

Contact

Brazil
Vila da Serra, Nova Lima - MG
CEP: 34.006-059

Dev by

Investors are advised to carefully read the prospectus and the regulations when investing their funds. L2 Capital Partners does not sell shares in investment funds and / or clubs or any financial asset. Get to know our Voting Policy ..