TIPS, Treasuries and Inflation

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 23 August 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Roger Silk joins us to discuss TIPs, treasuries, and inflation, and more! He explains the nuances of the repo market, potential risks, and its role in the broader financial system.

Silk also touches on the impact of interest rates on asset values and the banking sector from his time at World Bank. Silk also discusses complex financial products like treasury inflation-protected securities!

Join us today as we discuss...

Roger discusses his background, including his PhD in applied economics and founding of Sterling Foundation Management.
Roger describes his work at the World Bank, focusing on treasury operations and the repo market.
The potential problems in the repo market, including issues during financial crises.
How interest rates impact asset valuations and bank profits, particularly during periods of zero interest rates.
The role of human capital in risk assessment and the importance of individual goals in portfolio management.
The risks associated with inflation, especially in relation to complex financial instruments like TIPS.
The challenges and complexities of understanding and investing in TIPS as an inflation hedge.
Alternative assets like gold and farmland, distinguishing between gold as money and farmland as an investment.
Roger's book The Investor's Dilemma Decoded.

For more information, visit the show notes at https://moneytreepodcast.com/treasuries-and-inflation-roger-silk-636

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Hello, Smart Money Tree Podcasts, welcome to this week's show.
0:14.0	My name is Kirk Chisholm and I'll be your host.
0:16.0	So today I'm joined with Roger Silk.
0:18.0	How you donate, Roger?
0:19.0	Good thanks.
0:20.0	How are you, Kirk? Thanks for having me on.
0:21.9	So, Roger, tell us a bit about your background before we begin.
0:24.7	Well, I have a PhD in Applied Economics. I was at the World Bank for a couple of years.
0:29.7	Then I went and set up and ran a family office for a wealthy family in the early 90s. Towards the middle of the decade, I left,
0:40.3	started Sterling Foundation Management with my current business partner, Jim Lentot.
0:45.5	What was it like working for the World Bank? It was very educational. That was my first,
0:51.1	quote-unquote, real job out of school. And I was in the Treasury group. And while I was very
0:57.1	junior, it was really great because I just got to do interesting stuff. When I advanced a little bit,
1:04.5	it became political quite quickly. So I completed my two-year contract. And then I went to the other end of things and worked in a very small place.
1:14.9	The World Bank is huge and went to the other end of the spectrum and worked with this private family where it wasn't very political.
1:24.4	I mean, when you're working at the World Bank, like, what kind of projects do you have?
1:27.2	So I was in the Treasury Group and the World Bank is a very unusual bank because it's kind of not really a bank.
1:35.6	It's more of a quasi-governmental organization. It doesn't take deposits, and the only loans it makes are kind of big international development loans.
1:46.7	So what I was involved with was the part of the World Bank debt maintained its reserves
1:53.9	because most banks, they don't lend out all their money.
	...

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