Look at the United States.

If you look at the Congressional Budget Office's estimates for debt to GDP,

debt to GDP is going to go like a straight line up from the pandemic

to nearly 40 to 50% higher in terms of debt to GDP over the next 20, 30, 40 years.

By the time we get to the year 2050, US debt to GDP is going to be around 200%.

So this debt around the pandemic that we're talking about is a drop in the ocean compared to what aging is going to

bring to us. Imagine spending an hour with the world's greatest traders. Imagine learning

from their experiences, their successes, and their failures. Imagine no more. Welcome to Top

Traders Unplugged, the place where you can learn from the best hedge fund managers

in the world so you can take your manager due diligence or investment career to the next level.

Before we begin today's conversation, remember to keep two things in mind. All the discussion

we'll have about investment performance is about the past, and past performance does not

guarantee or even infer anything about future performance is about the past, and past performance does not guarantee or even

infer anything about future performance.

Also understand that there's a significant risk of financial loss with all investment strategies,

and you need to request and understand the specific risks from the investment manager

about their product before you make investment decisions.

Here's your host, veteran hedge fund manager

Niels Kostrup Larson. For me, the best part of my podcasting journey has been the opportunity

to speak to a huge range of extraordinary people from all around the world. In this series I have invited one of them, namely Kevin Koldine to host a series of in-depth conversations

to help uncover and explain new ideas to make you a better investor.

In the series, Kevin will be speaking to authors of new books and research papers

...