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The Grant Williams Podcast

The End Game Ep. 10 - Chris Cole

The Grant Williams Podcast

Grant Williams

Business, Business:investing, Investing

4.81.6K Ratings

🗓️ 5 November 2020

⏱️ 106 minutes

🧾️ Download transcript

Summary

Chris Cole of Artemis Capital Management is the latest stellar guest to grace The End Game as he takes Bill and Grant on an extraordinary journey through the many ways in which volatility affects risk assets. From Golems & Tulpas to the Ouroboros, Chris paints a remarkable picture of the twin realms of fantasy and reality and how they intertwine to create the world around us. From the option market tail wagging the equity market dog to the assured disaster awaiting the pension fund industry, Chris explains volatility's important role in the present and, importantly, the future. Don't miss this profound conversation.

Transcript

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0:00.0

Before we get going, here's the bit where I remind you that nothing we discussed during the end game should be considered as investment advice.

0:07.0

This conversation is for informational and hopefully entertainment purposes only.

0:11.0

So, while we hope you find it both informative and

0:14.0

entertaining, please do your own research or speak to a financial advisor before

0:18.6

putting a dime of your money into these crazy markets. And now on with the show. Well, welcome everybody, to another edition of the Endgame.

0:39.0

Joining me as always, the other half of this little double leg we've got going here, the great and good Bill Fleckenstein. Hi mate.

0:46.0

Hello, Grant, how are you today?

0:48.0

I am full of the joys of fall, I guess.

0:52.0

Yes, I'm looking forward to this conversation, but I have to say.

0:57.0

I am as well, and the only question I have is I wonder if I should get a seatbelt for myself.

1:03.0

Well, listen, I've been incredibly fortunate to have spent several hours talking to Chris over the years and every time I've walked away just like a deer in headlights.

1:17.8

I mean his intellect is staggering, his gift for communication is of a similar level and you know the elastic class that he deals

1:26.4

in volatility is something that you and I both recognize when we kind of started designing

1:30.6

this series we didn't know where it was going to go but we knew

1:33.4

that volatility was going to be an extraordinarily important component.

1:36.4

Yeah now more than ever actually. Yeah exactly right. So look I guess without

1:41.3

further ado we should we should introduce Chris Cole of Artemis capital management. What do you think? Let's do it.

1:46.7

Done. Well Chris Cole welcome to the end game is so so good that you could take this time to join us now the first thing I have to do is make sure

1:55.2

That we are talking to the real Chris color and not one of your Twitter imposters because you seem to have a few of them

2:01.7

Yeah exactly apparently this has been a problem with

2:04.1

Twitter. I saw I've been I've been trying to you know talk about a tail risk you know that you

2:08.6

don't see coming. You know these these imposters that have been popping up on Twitter and they're so busy with the

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