MI Rewind: Could This Time Truly Be Different? NFTs, Macro, Crypto, Bitcoin w/ Raoul Pal

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6 • 592 Ratings

🗓️ 19 April 2024

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Leonard and Raoul Pal discuss the macro environment, NFTs, crypto, and Bitcoin. Raoul Pal is a co-founder of Real Vision, has run a successful global macro hedge fund, co-managed Goldman Sachs’ hedge fund sales business in Equities and Equity Derivatives in Europe, and helped design the BBC TV program Million Dollar Traders, training participants in investment and risk management strategy. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 02:01 - How did Raoul’s experience at BBC while designing Million Dollar Traders inspired him to create Real Vision? 02:01 - What were the roadblocks and defining moments that led to the creation of Real Vision? 02:01 - What was missing in the marketplace prior to Real Vision? 06:21 - What are the 3 phases of a crisis and which phase are we currently in? 06:21 - How the multiple stimulus bills being passed by the US government affects the macro-environment. 15:26 - What financial experts mean when they say the “government is printing money”. 22:07 - With the fall of the macro environment, is this something that new investors should be worried about or should they focus on the basics first? 32:14 - How did Twitter, Reddit and other social media outlets change the investing landscape for younger and newer investors? 36:51 - How Raoul’s opinion changed from just having a small amount of crypto to a large amount specifically, Bitcoin. 38:20 - What other fellow macro-experts think about crypto and bitcoin? 43:13 - What other coins, other than Bitcoin and Ethereum have a potential to succeed? 49:48 - Whether it’s possible for the government to outlaw crypto. 54:12 - What are NFTs and Raoul’s view as a potential investment case? And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Bitcoin’s white paper. Recommended Book: The Intelligent Investor by Benjamin Graham. Recommended Book: The Simple Path to Wealth by JL Collin. Recommended Book: The Laws of Wealth by Daniel Crosby. Recommended Book: Pioneering Portfolio Management by David Swensen. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.2	Hey guys, on today's show, we're resharing some of my favorite episodes from the past for a few reasons. First, we get a lot of new listeners each week, so new listeners may never have heard this episode before. Two, even if you've been listening for a while, you may have missed it when it first came out. And three, even if you've heard it before, it can be a great episode to reinforce your learning.
0:21.6	If you're not interested in this episode, no worries you can pick back up with us next week
0:25.9	with a brand new episode. Everything going forward is from the original episode, and I hope you guys
0:30.7	enjoy this one. On today's show, I chat with Raul Pal to discuss the macro environment,
0:35.8	NFTs, crypto, and Bitcoin.
0:39.0	Raul is a co-founder of Real Vision, has run a successful global macro hedge fund, co-managed
0:45.3	Goldman Sachs hedge fund sales business in equities and equity derivatives in Europe, and help
0:50.2	design the BBC TV program Million Dollar Traders, training participants in investment
0:56.4	and risk management strategy. Raoul now lives in the Cayman Islands, from where he manages
1:01.6	Real Vision and writes the global macro investor, a highly regarded original research service
1:06.8	for hedge funds, family offices, sovereign wealth funds, and other elite investors. During this
1:12.7	interview, we went into detail about the macro environment, Raul gave insight on the phases of a
1:17.9	crisis and where we are currently. He also explained what the death of the macro environment means,
1:24.1	how it affects new investors, and if it is something they should be even worried about.
1:29.2	We also discussed the impact of social media on the markets, and if the advantage that Wall
1:33.6	Street and institutional investors has held over regular retail investors has shrunken.
1:39.5	Raul shared his thoughts in regard to NFTs, what they are, how he views them as a potential investment.
1:46.1	And lastly, he gives his take on crypto and Bitcoin.
1:49.8	And now, without further delay, let's get into today's very timely episode with Raoul Pal.
1:56.3	You're listening to Millennial Investing by the Investors Podcast Network, where your host, Robert
2:01.9	Leonard, interview successful entrepreneurs, business leaders and investors to help educate
	...

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