Grant Williams & Peter Atwater: The Market is 'Long Abstraction, Short Reality' | #525

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 15 March 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today’s guests are Peter Atwater and Grant Williams, two guys that have known each other for a decade. Peter is a professor and author of The Confidence Map: Charting a Path from Chaos to Clarity. Grant is the author of the newsletter Things That Make you Go Hmmm… and host of The Grant Williams Podcast. He was also a co-founder of Real Vision. Today’s episode is a masterclass in how to analyze market sentiment, which seems particularly timely given how the market has been lately. Peter shares his framework for looking at the world through the lens of certainty and control and how that drives consumer confidence. Then he and Grant kick around a bunch of topics, including the relationship between natural gas and Nvidia, Elon Musk and the velvet rope economy, gold and Bitcoin, the opportunity in Japan, and much, much more. (1:40) - Welcome to our guests, Peter Atwater and Grant Williams (2:28) - Confidence and vulnerability’s role in financial market (6:18) - Elon Musk 0 - 60mph Tweet (10:21) - Peter’s take on natural gas and Nvidia (13:17) - Class versus wealth (17:30) - Thoughts on gold and Bitcoin (22:38) - The world of luxury (28:43) - The UK stock market (33:10) - Why Grant is excited about the Japanese stock market (37:14) - Who would Grant want to interview today? (38:23) - Modern-Day Asset Management Business w/ Anthony Deden (44:29) - Peter and Grant’s most controversial opinions (48:59) - Peter and Grant’s most memorable investments ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Sponsor: Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Med Faber Show, where the focus is on helping you grow and preserve your wealth.
0:09.0	Join us as we discuss the craft of investing and uncover new and profitable ideas all to help you grow
0:13.9	wealthier and wiser. Better investing starts here.
0:17.0	Meck Baber is the co-founder and chief investment officer at Cambria Investment
0:20.7	Management. Due to industry regulations he will not discuss any of Cambry's funds on this podcast.
0:25.1	All opinions expressed by podcast participants are solely their own opinions and do not reflect
0:28.6	the opinion of Cambria Investment Management or its affiliates.
0:31.2	For more information, visit Cambria Investments.
0:33.0	com.
0:34.0	What is up, my friends? We got an extra special show for you today.
0:40.0	Our guests are Peter Atwater and Grant Williams. Two guys have known each other for a decade.
0:45.2	Peter is a professor and also the author of the book The Confidence Map charting a path from Chaos to Clarity.
0:51.0	Grant is the author of the newsletter Things That Make You Go Hmm.
0:54.4	And also the host of the Grant Williams podcast and co-founder of Real Vision.
0:58.8	Today's episode is a master class in how to analyze market sentiment, which seems particularly timely given how the markets have been trading recently.
1:07.0	Reminds me of the old John Neff quote, just when I start to think about bragging about investment, probably good time to start selling.
1:15.1	Peter shares his framework for looking at the world through the lens of
1:17.7	certainty and control and how that drives consumer confidence.
1:20.9	Then he and Grant kick around a bunch of topics, including the relationship
1:24.5	between natural gas and invidia, Elon Musk and the velvet rope economy, gold in
1:29.9	Bitcoin, the opportunity in Japan and much much more.
1:34.0	This episode is brought to you by 10 East.
	...

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