Chris MacIntosh, a hedge fund manager and founder of Capitalist Exploits, discusses the current economic and investment landscape with your host Tom Bodrovics. Tom describes the era from 2020 to 2025 as the “age of uncertainty,” characterized by a loss of faith in institutions and a shift away from accountability. Chris argues that this uncertainty is interrelated with accountability issues, creating a feedback loop where people are less inclined to take responsibility for understanding global events. MacIntosh emphasizes the importance of understanding broader macro trends and positioning investments accordingly. He cautions against the emotional and impulsive decision-making often driven by short-term market noise, advocating instead for a disciplined, long-term investment approach. This involves focusing on probability and managing risk through position sizing, rather than trying to predict specific outcomes.
MacIntosh highlights the potential opportunities in precious metals, agriculture, and other hard assets, given the current debt levels and potential for currency debasement. He also discusses the importance of diversification and the need to be adaptable in an increasingly uncertain world. He mentions the potential for capital controls in Europe and the UK, which could drive capital flows to places like Argentina, where there are significant investment opportunities, particularly in the oil sector. Chris also touches on the importance of being a generalist in today’s rapidly changing world, as specialization can limit one’s ability to adapt to new challenges. He encourages listeners to build mental muscle by exposing themselves to a wide range of information and skills, making them more valuable and adaptable in an age of uncertainty.
Timestamps:
00:00:00 – Introduction
00:00:45 – The Age of Uncertainty
00:06:00 – Chaos & Investment Opportunities
00:11:04 – Long-Term Positioning Strategies
00:16:40 – Portfolio Management Essentials
00:21:44 – Analyzing Successes and Failures
00:28:00 – Precious Metals Outlook
00:37:15 – Jurisdiction Risk Assessment
00:45:37 – Diversification and Rebalancing
00:52:00 – Argentina Investment Opportunities
01:05:02 – Specialization vs General Thinking
Guest Links:
X: https://x.com/capitalistexp
Website: https://capitalistexploits.at
Raised in Southern Africa, Chris Macintosh has since lived and invested from sevent different countries. After a career at top-tier investment banks such as JP Morgan, Lehman, Robert Flemmings and Invesco, Chris became tired of corporate life, and has since built and sold multiple million dollar companies, overseen $35 million into venture capital, all the while investing full time, and managing his own and private client wealth.
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