Kevin Coldiron – The Rise of Carry

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.2 • 1.1K Ratings

🗓️ 11 April 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carry trades have existed since the beginning of time. Rarely have we run into periods like today that have caused so many investors to be seemingly smart.

In this episode, Cole Smead sits down with Kevin Coldiron, co-author of the book The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis to discuss what carry trades are, the constancy of them and how today's carry regime shapes the complex world of finance.

Transcript

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0:00.0	You're listening to A Book with Legs, a podcast presented by Smead Capital Management.
0:08.1	At Smead Capital Management, we advise investors who fear stock market failure.
0:12.9	You can learn more at Smeadcap.com or by calling your financial advisor.
0:23.6	Welcome to a book with legs podcast. I'm Cole Smead.
0:24.6	I'm the president and a portfolio manager here at Smead Capital Management.
0:28.6	At our firm, we are readers and book junkies.
0:31.6	It can be said that leaders are readers, and we believe books provide us a great source of information
0:36.6	for filtering what is and isn't important provide us a great source of information for filtering what is
0:38.0	and isn't important for us as investors.
0:41.6	Investing is the last great liberal art and the best way to spend a lifetime of learning.
0:46.1	This podcast is for readers, thinkers, business-minded people and investors who want to grow their
0:51.7	knowledge from great authors and their writing.
0:54.6	Charlie Munger often talks about using multiple mental models and analysis.
0:59.0	Our aim for this podcast is to help listeners test Munger's theory in businesses, markets, and people.
1:05.9	We're glad everyone has joined us for this episode.
1:08.6	We're going to talk and think about a great framework
1:11.5	for investors, businesses, and the global economy. Kevin Coldiron is joining us to talk about his
1:17.9	book, The Rise of Carey, that he co-authored with Tim Lee and Jamie Lee. Kevin is a lecturer
1:23.5	at Cal Berkeley's Haas School of Business and the owner of Rockridge Capital. Prior to that, he founded and was co-CIO of Alger Cold Iron Investors.
1:32.3	He received his MBA from London Business School and a BS in finance with a minor in economics from Penn State University.
1:39.3	Kevin, we're excited to talk with you.
1:41.3	We were working on a hiring for a role here at our firm at Smead Capital,
	...

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