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Year: 2023

Trader With 380% Gains in 2022 Tells Us Why He’s Fully Allocated to Cash (Szn 5, Ep 6)

Published March 7, 2023

Season 5, Episode 6 feat Mark Szemeszki

This podcast episode brought to you by Covey — Covey is designed to find, reward, and train the next top investment managers —from any background—that anyone can copy, so everyone can win.

Mark Szemeszki joins the podcast to discuss his highly profitable short crypto trades from last year and why his business cycle theory has him sitting in cash.

Content Highlights

  • Three-hundred-and-eighty percent (380%) returns last year. How did he do it? (2:47);
  • The macro view and leading indicators are pointing to a recession right now, which makes risk-taking more problematic in the short term (4:17);
  • His short crypto trades predate the FTX saga (7:33);
  • More on his business cycle theory (10:32);
  • Inflationary pressure is real, including from China’s reopening (13:37);
  • More information on catalysts sought when shorting altcoins (16:17);
  • Shorting the narrative on altcoins is a good strategy if you can get a good entry point (20:20);
  • Background on the guest (25:08);
  • More on his trades last year (27:13);
  • Probably 99% of crytpo currencies are useless, even Bitcoin and Ethereum (29:37).

More Information on the Guest

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Yes, the Fed Can Still Engineer a ‘Soft Landing’: Callie Cox, eToro (Szn 5, Ep. 5)

Published February 21, 2023

A short clip of actionable highlights from this podcast episode was distributed to premium subscribers on Feb. 9 — almost one week ago at the time of this writing. The full podcast episode followed a day after that. To become a premium subscriber and take advantage of this and a host of other benefits (and avoid annoying ads and announcements), visit our Supercast or Substack and sign up!

Callie Cox of eToro joins the podcast to discuss her view that the Federal Reserve can engineer a ‘soft landing’ — defeating inflation while not tipping the US economy into a recession.

Content Highlights

  • It’s hard to see how the Fed will be able to combat inflation without breaking things in the economy, but this is the guest’s view (3:00);
  • This view is partly based on the job market (4:06);
  • Inflation is the major risk to the ‘soft landing’ thesis. But there are encouraging signs (6:00);
  • Still, there is a chance investors are underestimating the chances of higher interest rates from the Fed (8:08);
  • Ultimately, investors are discounting the global economy’s strength (9:21);
  • Technology has been harder hit than other sectors of the economy, which may bring second-order effects especially locally. But nationally, initial jobless claims are still low (13:57);
  • The US consumer has been a particular strong point. No reason for that to stop (15:53);
  • Background on the guest (20:12);
  • Views on cryptocurrency (24:48);
  • The concept of decentralized finance, or DeFi: not just a fool’s errand (26:43);
  • Does the VIX still matter? Maybe, but there are better options to gauge volatility (31:14).

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The Future of Technology Investing is Hardware, not Software (Szn 5, Ep. 4)

Published February 14, 2023

With Robert Cote, Cote Capital

Robert Cote, principal at Cote Capital Management, joins the podcast to discuss his model of technology investing, how it’s different than venture capital, and which areas of new technology that he is most excited about.

Content Highlights

  • The last 20 years have seen venture capital focus on software companies, almost to the exclusion of anything else. Therein lies the opportunity (1:09);
  • Hardware has been overlooked and can become the focus of technology investors again. One example is manufacturing (6:39);
  • Use of nanocarbon has created one specific advancement in the area of solar technology (8:50);
  • Unfortunately, this technology is not investable through public markets (12:22);
  • Another example: textiles, specifically textile recycling (17:08);
  • Background on the guest and his investment process (22:56);
  • There is transportation-related innovation as well. No, not self-driving cars (36:31);
  • Something from the realm of augmented reality: X-ray technology for surgery (38:57):
  • Finally, what about crypto currencies? (43:18).

More on Robert Cote

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