Russell Napier is author of “The Solid Ground” investment report for institutional investors and co-founder of the investment research portal ERIC. Russell has worked in the investment business for over 30 years and has been advising global institutional investors on asset allocation since 1995. He is author of the book “Anatomy of The Bear: Lessons From Wall Street’s Four Great Bottoms” (‘a cult classic’ according to the FT) and is founder and course director of The Practical History of Financial Markets course that is part of the Edinburgh Business School MBA. Russell is Chairman of the Mid Wynd International Investment Trust. He is a member of the investment advisory committees of two fund management companies, Cerno Capital and Kennox Asset Management. In 2014 Russell founded the charitable venture “The Library of Mistakes,” a business and financial history library in Edinburgh that now has branches in India and Switzerland. Russell has degrees in law from Queen’s University Belfast and Magdalene College Cambridge. He is a Fellow of The CFA Society of the UK and is an Honorary Professor at both Heriot-Watt University and The University of Stirling.
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Episode 415
Russell Napier
Wealth Preservation During a Fourth Turning | Russell Napier
Russell Napier is author of “The Solid Ground” investment report for institutional investors and co-founder of the investment research portal ERIC. Russell has worked in the investment business for over 30 years and has been advising global institutional investors on asset allocation since 1995. He is author of the book “Anatomy of The Bear: Lessons From Wall Street’s Four Great Bottoms” (‘a cult classic’ according to the FT) and is founder and course director of The Practical History of Financial Markets course that is part of the Edinburgh Business School MBA. Russell is Chairman of the Mid Wynd International Investment Trust. He is a member of the investment advisory committees of two fund management companies, Cerno Capital and Kennox Asset Management. In 2014 Russell founded the charitable venture “The Library of Mistakes,” a business and financial history library in Edinburgh that now has branches in India and Switzerland. Russell has degrees in law from Queen’s University Belfast and Magdalene College Cambridge. He is a Fellow of The CFA Society of the UK and is an Honorary Professor at both Heriot-Watt University and The University of Stirling.
Episode 415 is the third episode in the Hundred Year Pivot podcast series. In it, Demetri Kofinas and Grant Williams speak with some of the smartest and most plugged-in people they know to help them navigate the once-in-a-century economic, political, and geopolitical reordering that is currently underway.
In this episode Kofinas and Williams speak with economic historian, author of “The Solid Ground Newsletter” and Keeper of the Library of Mistakes, Russell Napier about the end of the economic, monetary, and global trading & security order that has been the largest single driver of global growth over the last thirty years.
The consequences of the changes discussed for economic and national security, social cohesion, investment, and wealth preservation are nothing short of tectonic. Points of discussion include:
The Trump administration’s economic and trade strategy
Efforts to isolate China
The creation of new monetary systems
The search for new safe assets
The realignment of global power
The escalating risk of war with China
There is also a long and detailed discussion about how investors can position themselves for:
The accelerating repatriation of capital flows
The onset of capital controls
A prolonged period of financial repression in which wealth preservation will take precedence over making money and chasing outsized financial returns.
If you want early access to this conversation, subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe.
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Russell Napier is author of “The Solid Ground” investment report for institutional investors and co-founder of the investment research portal ERIC. Russell has worked in the investment business for over 30 years and has been advising global institutional investors on asset allocation since 1995. He is author of the book “Anatomy of The Bear: Lessons From Wall Street’s Four Great Bottoms” (‘a cult classic’ according to the FT) and is founder and course director of The Practical History of Financial Markets course that is part of the Edinburgh Business School MBA. Russell is Chairman of the Mid Wynd International Investment Trust. He is a member of the investment advisory committees of two fund management companies, Cerno Capital and Kennox Asset Management. In 2014 Russell founded the charitable venture “The Library of Mistakes,” a business and financial history library in Edinburgh that now has branches in India and Switzerland. Russell has degrees in law from Queen’s University Belfast and Magdalene College Cambridge. He is a Fellow of The CFA Society of the UK and is an Honorary Professor at both Heriot-Watt University and The University of Stirling.
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.
