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Top Traders Unplugged

IL35: The New Age of Economic Warfare: Are We Ready? ft. Edward Fishman

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8670 Ratings

🗓️ 26 February 2025

⏱️ 61 minutes

🧾️ Download transcript

Summary

Our guest on this episode is Edward Fishman, a world expert on the modern art of economic warfare. Edward is author of the new book Chokepoints: American Power In The Age of Economic Warfare. He currently teaches at Columbia University and prior to that advised the US Secretary of State, Joints Chiefs of Staff and Treasury Department on the deployment of economic sanctions. We discuss the details of how the US uses its dominant position in the world’s financial markets and technology software to pressure countries like Iran, Russia and China. Most importantly this episode explains why these tools used to influence these chokepoints are permanent and are starting to form the contours of the new global economy that will persist for the coming decades. 

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Episode TimeStamps:

02:14 - Introduction to Edward Fishman

08:24 - The failures of economic warfare

14:04 - What Stuart Levy can teach us about economic

19:26 - Who even want to work at banks nowadays?

22:10 - The most successful sanction in modern times

27:02 - The dangers of sanctions, export

Transcript

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0:00.0

The temptation for things like military conquest begins to rise.

0:10.8

If you look back at sort of Hitler's calculus in the 1930s, you know, a lot of this desire

0:16.6

for Laban's realm and kind of conquering parts of that what was done in the Russian, you know,

0:22.3

the Soviet Union was, you know, getting key resources and commodities for the German people

0:26.8

that they couldn't get through other means. So I do think that there are, there's two very, very

0:33.1

different futures that we could be headed toward in this block-based economy, and I certainly hope

0:37.5

we're in the former rather than the latter.

0:41.9

Imagine spending an hour with the world's greatest traders.

0:45.6

Imagine learning from their experiences, their successes, and their failures.

0:50.0

Imagine no more.

0:51.9

Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world,

0:58.1

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

1:02.7

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

1:06.7

All the discussion we'll have about investment performance is about the past,

1:10.1

and past performance does not guarantee or even infer anything about future performance.

1:15.4

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

1:19.7

and you need to request and understand the specific risks from the investment manager about their product before you make investment decisions.

1:27.5

Here's your host, veteran hedge fund manager, Niels Kostrup Larson.

1:36.8

For me, the best part of my podcasting journey has been the opportunity to speak to a huge

1:42.1

range of extraordinary people from all around

1:44.5

the world.

1:45.7

In this series, I have invited one of them, namely Kevin Koldein to host a series of in-depth

...

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