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Tag: mergers

Season 3, Episode 24: The Lessons From Iceland’s Financial Collapse, From One Who Was There

With Jared Bibler, Author of ‘Iceland’s Secret’

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Jared Bibler joins the podcast to discuss his book ‘Iceland’s Secret’ and his experience living through that country’s financial collapse in 2008.

It was a very dark period in Iceland’s history, with individuals losing homes and savings and not being able to buy food. The author experienced this first-hand, initially as an asset manager and later working for regulators seeking to bring the responsible parties to justice.

The crisis in Iceland shocked the world but was quickly overshadowed by the collapse of Lehman Brothers in the U.S. Today it is largely forgotten outside of Iceland. But the author says his experience holds many lessons for the present day.

If nothing else, his experience holds lessons for those interested in hedging against a total collapse of capital markets and civil society.

Content Highlights

  • Why Iceland’s financial crisis remains misunderstood and not discussed while still holding important relevance to global capital markets today (2:36);

  • Iceland as an extreme example of the contemporary world (7:51);

  • Corruption unfortunately remains ‘fairly endemic’ worldwide in the guest’s experience, which transcends several countries (12:43);
  • The next crisis will make 2008 ‘look like a walk in the park’ (14:27);

  • Lessons for the prepper community: hard currency retains its value quite well in such crises (18:57);
  • The crypto world is ripe for fraud and ‘tethered’ coins do not seem to offer the protection claimed (23:30);

  • Background on the guest (29:21);
  • How he’s spending his days now and why ESG has the attention of global regulators (36:54);
  • Insider trading, especially around M&A deals, is rampant (38:36);

  • What has changed in Iceland, other than a tourist explosion (43:50).

More Information on the Author

  • Order the book online here;

Not intended as investment advice.

Video Highlights

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Season 3, Episode 16: Merger Arbitrage and Why to Not Fear The Antitrust Boogeyman

With Deepak Gurnani, Versor Investments

Deepak Gurnani, managing partner of Versor Investments, joins the podcast to discuss merger arbitrage investing. 

Merger arb is the rare strategy that can (really!) consistently produce non-correlated returns. But it isn’t easy to execute. Gurnani provides some information around what has worked for his firm and things to look for for those wishing to get involved with the strategy.

Not intended as investment advice.

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