Paulo Macro has over 20 years of combined sell-side and buy-side experience. His passion lies in trying to solve the unsolvable market puzzle as an independent practitioner and, now, a writer. His public contributions began on Twitter and have since migrated to his substack at paulomacro.substack.com. Le Shrub (Shrubbery Capital) Oxford Uni, Engineering, Economics and Mgmt l 2004-06 Lazard M&A l 2006-2011 Event-driven / special sits investing at Paulson Partners, working with the man who did the Big Short, quite an inspiration l 2011-2021 Portfolio manager in special sits in Monaco and London-based funds, involved in distressed financials during European Crisis and other special sits l 2021- current: CIO at a family office in Monaco with an open mandate.
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Episode 363
Paulo Macro & Le Shrub
How to Invest in an Inflationary Recession | Paulo Macro & Le Shrub
Paulo Macro has over 20 years of combined sell-side and buy-side experience. His passion lies in trying to solve the unsolvable market puzzle as an independent practitioner and, now, a writer. His public contributions began on Twitter and have since migrated to his substack at paulomacro.substack.com. Le Shrub (Shrubbery Capital) Oxford Uni, Engineering, Economics and Mgmt l 2004-06 Lazard M&A l 2006-2011 Event-driven / special sits investing at Paulson Partners, working with the man who did the Big Short, quite an inspiration l 2011-2021 Portfolio manager in special sits in Monaco and London-based funds, involved in distressed financials during European Crisis and other special sits l 2021- current: CIO at a family office in Monaco with an open mandate.
In Episode 363 of Hidden Forces, Demetri Kofinas speaks with investors Paulo Macro and Le Shrub about their investment ideas, frameworks, and processes for identifying investment opportunities and managing risk.
In the first hour, Demetri asks Paulo and Le Shrub about some of their respective frameworks, including the EM-ification of developed economies, the need to understand the incentives of policymakers, and how these frameworks can help inform your expectations about interest rates, inflation, credit rationing, and much more.
In the second hour, Paulo Macro and Le Shrub discuss how the contemporary strain on the international system and on American military and financial hegemony could amplify some of the budgetary and political headwinds facing developed economies in the years ahead. They discuss the conundrum facing policymakers in China, the investment opportunity in commodities, the search for a new safe asset in a world of worsening fiscal balance sheets, and what it feels like to be “financially gaslighted” during an inflationary recession where prices rise as one’s living standard declines.
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Paulo Macro has over 20 years of combined sell-side and buy-side experience. His passion lies in trying to solve the unsolvable market puzzle as an independent practitioner and, now, a writer. His public contributions began on Twitter and have since migrated to his substack at paulomacro.substack.com.
Le Shrub (Shrubbery Capital) Oxford Uni, Engineering, Economics and Mgmt l 2004-06 Lazard M&A l 2006-2011 Event-driven / special sits investing at Paulson Partners, working with the man who did the Big Short, quite an inspiration l 2011-2021 Portfolio manager in special sits in Monaco and London-based funds, involved in distressed financials during European Crisis and other special sits l 2021- current: CIO at a family office in Monaco with an open mandate.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
