Shows
The ACID Capitalist PodcastAcid Breath: The Day Silver Spoke and AI Went IndustrialSend us a textThe Day Silver Spoke and AI Went IndustrialThe age of abundance is over: compute, energy, and silver say so.Acid Breath Daily is Hugh Hendry’s financial freak show : a daily dive into markets where logic wrestles madness and central banks juggle chainsaws. It’s macro with a migraine, tequila spilled on spreadsheets, silver screaming at AI, and politicians pretending they can count. No safe takes, no sermons, just volatility with a pulse.Support the show⬇️ Subscribe on Patreon or Substack for full...
2025-10-141h 07
The ACID Capitalist PodcastAcid Breath - Rare Earth - Fri 13 October, 2025Send us a textToday’s Acid Breath is a descent into the machinery behind the market’s tremor. Tariffs ignite, rare earths reveal their dirty chemistry, and America’s clean hands look suspiciously like Walter White’s gloves. Are we about to Break Bad?I pack away a shadow CPI masquerading as today's real deal, a half-billion hit at Jefferies that smells of 2007 teen spirit, and a twenty-billion tango with Argentina that echoes the Tequila bailout. The dollar doesn't only price the world, sometimes it sponsors it. Sometimes it risks failure se...
2025-10-1137 min
The ACID Capitalist PodcastAcid Breath Market Wizards 3rd OctoberSend us a textWhat Is Acid Breath?A nightly macro riff that turns the day’s markets and data into signal. Quirky, erudite, fast. We entertain, then arm you to trade like an adult.Fly Blind, See ClearShutdown day three, payrolls locked in a drawer, yet stocks print records. The tape speaks when the oracle is silent. Read price and weekly closes before you read headlines.Process Beats ProphecyBill Lipschutz once dreamed a perfect number and still passed on the trade. Th...
2025-10-0435 min
A Different PerspectiveA Different Perspective with The Acid Capitalist - Hugh Hendry on Why Bitcoin Could Explode: The Asymmetric Crypto Bet Institutions Can’t IgnoreThis week Nick talks to long-time friend of the show, Hugh Hendry, the Acid Capitalist. Hugh Hendry is a Scottish hedge fund manager and outspoken investor known for his contrarian views and sharp macroeconomic commentary. Born in Glasgow, he studied Economics and Finance at the University of Strathclyde before starting his career at Baillie Gifford, later moving to Credit Suisse and Odey Asset Management. In 2005, he co-founded Eclectica Asset Management, where he served as Chief Investment Officer and gained prominence for delivering strong returns during volatile periods—most notably a 32% gain in 2008 amid the global financial crisis. Aft...
2025-07-221h 05
The ACID Capitalist PodcastThe Curse of KnowingSend us a textThis show reflects on what it means to see the future too clearly and the cost of carrying that vision alone.A few weeks ago, America burned on the monitor behind me. Cameras rolled in Santa Monica. Steve Drobny, founder of Clocktower Group, advisor in global hedge funds, told me to sit straight, but I didn't care. We discussed the future and America’s possibly undead economy.The previous night, a girl at a Venice Beach bar asked where I’m from. “The future,” I replied. She was 30, blond, beautifu...
2025-07-071h 03
The ACID Capitalist PodcastThe Spice And The LedgerSend us a textThis week, I offer you a barefoot sermon from the battlefield of economic memory. A walk from Hamilton to Trump. From Ricardo to Argentina. From Abraham Lincoln’s top hat to the red-capped defiance of tariff diplomacy. A retelling of the American experiment through its most potent and most misunderstood weapon: the tariff.I argue here that Donald Trump, however clumsy and chaotic, reignited a long-dormant Hamiltonian flame. Like Lincoln before him, who used tariffs not only to industrialize the North but to bleed the profits from slavery’s Southern engine, Trum...
2025-04-201h 06
The ACID Capitalist PodcastShooting The BreezeSend us a textWelcome backThe breeze is talking again. The sea too, whispering something older than the market, more enduring than yield curves. This episode was recorded beneath Saharan skies on the island of St. Barts, during Acid Capitalist Summer Camp 2.0. But what is a camp if not a gathering of searchers. A pause in the trade winds to ask the old questions.I was met by a journalist. Young, wide-eyed, barefoot. She carried a pencil and the memory of a mixtape. She asked me to speak of fear, folly, volatility...
2025-04-1046 min
The ACID Capitalist PodcastThe Last Scotsman on Wall StreetSend us a textWelcome back to paradise, where the rosé is chilled, the sun strokes the sea, and your third ear is tuned to the gospel according to Hugh.This week, I take you deep into the delirious heart of Wall Street circa 2006, an era of mutual fund gods, tax-deductible lap dances, and a man named Scotty who nearly exploded trying to mask the scent of strippers with gasoline.Yes, really.In a 15-minute acid-laced recital, I read a wild chapter from Derek Wallis’ Occupy a Job on Wall Street. It’...
2025-03-2613 min
The ACID Capitalist PodcastA Gonzo Dive into Wall Street's Wild Side: My Chat with Derek Wallis, Head of Equity Execution at SorosSend us a textGood Fortune Makes the Man, and The Man Retains the Fortune and Multiplies It...Welcome back to another transmission from paradise, broadcasting from the heavenly shores of St. Barts. The Acid Capitalist, beamed straight into your ears, sun-kissed and untamed. This week, I open the vault—pulling an old gem from my private paywall, unchaining it from Patreon and Substack for the first time. And trust me, this one is electric.The year is 2000. The stage is Wall Street. And our protagonist? Derek Wallis, The Kiwi Proton Bo...
2025-03-1936 min
The ACID Capitalist Podcast$WISE and ContrarianismSend us a textIn this episode of The Acid Capitalist, Hugh Hendry dives into the volatile world of FinTech, analyzing Wise and its market positioning compared to giants like PayPal. He shares insights from an encounter with a young, die-hard value investor, dissecting the risks of stock-picking in a sector riddled with landmines.Are FinTech disruptors truly innovative, or are they just banks in disguise riding the interest rate wave? Hugh breaks down the hidden risks of cash transfer companies, the role of interest income, and why pricing wars could push margins to zero...
2025-03-0827 min
The ACID Capitalist PodcastAcid Breath 7 - The Quantum Insanity of ChristmasSend us a textWelcome to a Christmas like no other, where I wrestle with the absurdities of modern finance and the strange beauty of human existence. From the quiet shores of St. Bart's, and it’s a quiet one for sure, Christmas morning and i’m about to post this to you all. There’s a cool macro economic essay in there somewhere. I wanted to get something, anything out there for this holiday season; I hope you can forgive the heavy breathing…This is a meditation on what it means to live in a world...
2024-12-251h 04
The ACID Capitalist PodcastAcid Breath 5 - The Kangaroo in the WardrobeSend us a textThis week, a journey through the bonkers world of financial markets, absurd cultural phenomena, and personal reflections from the splendid shores of St. Barts.A Brief Memoir MomentI share a childhood anecdote about an imaginary kangaroo in my parents’ wardrobe, a metaphor for life's absurdities and the early seeds of my contrarian mindset. From tales of youthful rebellion to the consequences of throwing stones at buses, I paint a vivid picture of life lessons learned the hard way and before the internet..The We...
2024-12-1239 min
The ACID Capitalist PodcastAcid Breath 2 - The Macro Blues - No MusicSend us a textMacro Meditation #2Wow. Did you enjoy the Complexity episode? I went full zen on you. Deep breathing, tapping into the god-like forces within. Sounds crazy, right? Except it’s not. You are the god. The universe doesn’t revolve around some external queen bee or king. Nope, it’s you. But modern society? It’s been locking that realization away for centuries, creating gatekeepers, the constant buzz of traffic on the mental highway that runs through your mind. The incessant voices that keep you hustling, second-guessing, never questioning the system. ...
2024-11-2228 min
The ACID Capitalist PodcastAcid Breath 2 - The Macro BluesSend us a textMacro Meditation #2Wow. Did you enjoy the Complexity episode? I went full zen on you. Deep breathing, tapping into the god-like forces within. Sounds crazy, right? Except it’s not. You are the god. The universe doesn’t revolve around some external queen bee or king. Nope, it’s you. But modern society? It’s been locking that realization away for centuries, creating gatekeepers, the constant buzz of traffic on the mental highway that runs through your mind. The incessant voices that keep you hustling, second-guessing, never questioning the system.That’s...
2024-11-2229 min
The ACID Capitalist PodcastAcid Breath 1 - ComplexitySend us a textWhy Acid Meditation Matters for Investors: Embracing Complexity and the Chaos WithinDear friendsI’m launching a meditation series that, I admit, may seem far afield from my usual punk-macroeconomic analysis. But this is no gimmick. It’s an exploration of how mastering the inner world of your mind can make you a better investor and a more resilient human being.Why It’s Worth Your AttentionYou might be asking, “Why should I, a seasoned or aspiring investor, care about meditation?” Here’s the...
2024-11-1920 min
The David Lin Report‘Sustained’ Market Shock; Hugh Hendry On ‘Death Of Money’, Emergency Rate Cuts, 'Very Low' RatesMarkets are entering the "end game", says Hugh Hendry, former Founding Partner and CIO of Eclectica Asset Management and host of the ACID Capitalist Podcast. Hugh discusses the risks faced by the offshore banking system, the Bank of Japan, the overvaluation of all assets, and the likelihood of "tumultuous" events happening in the next 6-12 months.
Watch Hugh's last interview with me: https://youtu.be/mdQhxZw0RF8?si=PNRoUK0WWN20bEko
This video is distributed on behalf of Metalla Royalty (NYSE: MTA | TSX-V: MTA). Watch the interview with CEO Brett Heath: https://youtu.be/srT36HXSw0I?si=WPYj3...
2024-08-311h 18
The ACID Capitalist PodcastMacro Markets Unleashed: Hugh Hendry, Brent Johnson, and Tracy Shuchart in ConversationSend us a textStep into the dim glow of our dive bar of financial musings in the humid, Caribbean night air, where the ACID Capitalist, Hugh Hendry, the sardonic Brent Johnson (@SantiagoAuFund), and the ever-perceptive Tracy Shuchart (@chigrl) huddle over a table of half-empty glasses and half-baked theories. This is a raw, unfiltered exploration into the underbelly of macroeconomics. We wander through the shadowy corridors of USD fluctuations, peer into the abyss of interest rate procrastinations, and mull over the geopolitical chess moves of giants like the US, Japan, and China. The conversation flows l...
2024-06-141h 05
A Different PerspectiveA Different Perspective with the Acid Capitalist Hugh Hendry - The Macro MazeThis week Nick talks to long time friend of the show, Hugh Hendry the Acid Capitalist.Hugh Hendry is a prominent investor and hedge fund manager, best known for founding Eclectica Asset Management. Hendry gained considerable attention for his contrarian investment style and outspoken personality. He began his career at Baillie Gifford before moving to Credit Suisse, where he honed his skills in asset management. Hendry's reputation for making bold, unconventional bets was solidified during the 2008 financial crisis when his fund profited significantly from positions that anticipated the market downturn. His ability to foresee economic shifts and...
2024-05-211h 10
The Julia La Roche Show#168 The ‘Acid Capitalist’ Hugh Hendry On The Fed’s No-Win Situation, The Fragility Of Valuations, Gold As ‘The Alchemy Of Chaos,’ Buying Bitcoin, And The Dangerous Sign The Japanese Yen Is SendingThe Acid Capitalist Hugh Hendry joins Julia La Roche again, this time in the East Village, for an in-person, unfiltered conversation on macro and more.
Links:
Twitter/X: https://twitter.com/hendry_hugh
Podcast: https://podcasts.apple.com/us/podcast/the-acid-capitalist-podcast/id1511187978
YouTube: https://www.youtube.com/@HughHendryOfficial
Timestamps:
0:00 Intro and welcome
1:36 Macro view and the Fed’s no-win situation
2:45 Revisiting financial history
4:20 The U.S. has become the economic locomotive of global growth
5:00...
2024-05-091h 21The David Lin Report‘Severe Downside’ This Summer Says Fund Manager Who Called 2008 | Hugh HendryHugh Hendry, former Founding Partner and CIO of Eclectica Asset Management and host of the ACID Capitalist Podcast, gives his outlook on markets and the biggest macroeconomic shifts moving in the world. Eclectica Asset Management returned 31% in 2008.
*This video was recorded on April 17, 2024
FOLLOW HUGH HENDRY:
Website: https://hughhendry.com/
Twitter (@hendry_hugh): / hendry_hugh
YouTube: / @hughhendryofficial
FOLLOW DAVID LIN:
Twitter (@davidlin_TV): / davidlin_tv
TikTok (@davidlin_TV): / davidlin_tv
Instagram (@davidlin_TV): / davidlin_tv
For business inquiries, reach me at david@thedavidlinreport.com
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
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2024-04-221h 01
A Different PerspectiveA Different Perspective with The Acid Capitalist, Hugh HendryIn this week's episode Nick talks to friend of the show Hugh Hendry.Nick and Hugh talk through Hugh’s thoughts on the outlook for 2024 and go on a macro Acid Capitalist trip along the way. They discuss when will the Fed cut interest rates, the 1970s and Hugh's white paper on the parallels between the monetary landscape and the Chernobyl nuclear disaster, suggesting that attempts by central banks to control economic temperature may lead to unintended consequences. They also cover Hugh’s view of Japan, Greyscale, Bitcoin and the price of Gold. Hugh...
2024-01-3056 min
The ACID Capitalist PodcastIs Softbank Crazy Bust?Send us a textIn this week's episode Nick Searle the from ADP podcast interviews Hugh Hendry.Nick and Hugh talk through Hugh’s thoughts on the outlook for 2024 and go on a macro Acid Capitalist trip along the way.They discuss when will the Fed cut interest rates, the 1970s and Hugh's white paper on the parallels between the monetary landscape and the Chernobyl nuclear disaster, suggesting that attempts by central banks to control economic temperature may lead to unintended consequences. They also cover Hugh’s view of Japan, Greyscale, Bitcoin and the...
2024-01-2952 minThe ACID Capitalist PodcastThe World´s #1 Bond Trader Reveals His Next Money Making Trade. Exclusive Interview With Bob TreueWatch the entire conversation at https://www.patreon.com/HughHendry ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ 🚨 NEW PATREON: https://www.patreon.com/HughHendry 🚨⭐⭐⭐⭐⭐ Leave a five star review and comment here: podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978🧢 Hats & Merch: https://www.acidcap.com📸 IG: https://www.instagram.com/hughhendryo...🐦 Twitter: https://www.twitter.com/hendry_hugh📩 Substack: https://www.hughhendry.substack.com👂Listen and 🔥 subscribe:📺 YouTube: / hughhendryofficial 🎧 Apple Podcasts:https://www.podcasts.apple.com/us/pod...🎙️ Spotify: https://www.open.spotify.com/show/5zj...🎵 Theme Song: Starspeed by MILANO*THIS IS NOT INVESTMENT ADVICE!!*
2023-09-1529 minThe ACID Capitalist PodcastAcid Capitalist Summer Camp Roundtable with Brent Johnson, George Gammon, Hugh Hendry & Jeff SniderSend us a textBrent, George, Hugh and Jeff sit down to discuss FX and the Japanese Yen and Chinese Yuan devaluation, monetary policy, Fed actions and the yield curve.Watch the entire conversation at https://www.patreon.com/HughHendry **THIS IS NOT INVESTMENT ADVICE!!**Support the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and com...
2023-08-2638 minThe ACID Capitalist PodcastAcid Capitalist Summer Camp Roundtable with Brent Johnson, George Gammon, Hugh Hendry & Jeff SniderBrent, George, Hugh and Jeff sit down to discuss FX and the Japanese Yen and Chinese Yuan devaluation, monetary policy, Fed actions and the yield curve.Watch the entire conversation at https://www.patreon.com/HughHendry ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ 🚨 NEW PATREON: https://www.patreon.com/HughHendry 🚨⭐⭐⭐⭐⭐ Leave a five star review and comment here: podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978🧢 Hats & Merch: https://www.acidcap.com📸 IG: https://www.instagram.com/hughhendryo...🐦 Twitter: https://www.twitter.com/hendry_hugh📩 Substack: https://www.hughhendry.substack.com👂Listen and 🔥 subscribe📺 YouTube: https://www.youtube.com/@HughHendryOfficial🎧 Apple Podcasts:https://www.podca...
2023-08-2613 min
WTFinanceFED Dilemma Paving the Way for Rapid Global Recession with Hugh HendryInterview recorded - 1st of August, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Hugh Hendry - Former Hedge Fund manager of Eclectica Asset Management, also known as the Acid Capitalist. During our conversation we spoke about why Hugh is fearful, similarities between today and 2008, understanding the actions of central banks and an explanation of Hugh's portfolio. I hope you enjoy. 0:00 - Introduction1:45 - What is Hugh seeing and is he fearful?4:55 - Are there similarities between today and 2008?10:09 - Fiscal stimulus has picked...
2023-08-0252 min
Confessions Of A Market MakerEpisode #112: Hugh Hendry Electica on Managing a Hedge Fund & MacroeconomicsA founder and CIO of Eclectica Asset Management, a Global Macro Hedge Fund that ran from 2002 to 2017. High water mark events were the early and successful identification of the gold bull market in 2003 and the housing debacle in 2008 both of which delivered annual returns of between 30% and 50%. St. Barts luxury hotelier and Acid Capitalist. Confessions of a Market Maker presents Hugh Hendry---------------------------------------------------------------------------------------------Hugh Hendry on Twitter: https://twitter.com/hendry_hugh JJ on Twitter: https://twitter.com/vwaptrader1 Ray on Twitter: https://twitter.com/AllxDayxRayx---------------------------------------------------------------------------------------------Any listener of this podcast that has the skills to pass an evaluation can become a prop...
2023-07-201h 14The Julia La Roche Show#086 The Acid Capitalist Hugh Hendry On The Economy: 'I'm Fearful'The Acid Capitalist Hugh Hendry (@Hendry_Hugh) joins Julia La Roche again for an unfiltered conversation on macro, markets, Bitcoin, the Fed, and more.
Hendry founded Eclectica Asset Management, a global macro hedge fund that was pretty much uncorrelated to everything in the financial universe. Hugh started Eclectica in 2002 and ran for 15 years before closing in 2017. He made more than 30% in 2008 betting against banks.
These days, Hendry is a luxury hotelier on St. Barts, where he spends his time surfing and still thinking about macro. He also hosts a weekly podcast called "Acid Capitalist" and s...
2023-07-1352 minThe ACID Capitalist PodcastUNLOCKED: A LIVE recording of a Different Perspective with host Nick Searle, Hugh Hendry and Barry NorrisSend us a textA LIVE recording of a Different Perspective with host Nick Searle, Hugh Hendry and Barry NorrisListen to last week’s live recording of A Different Perspective podcast, featuring host Nick Searle with guests, macro trading legends Hugh Hendry and Barry Norris. This episode was recorded in front of a live audience at St Ethelburga’s in the City of London on 21st June.Nick, Hugh and Barry discussed the rate rise dilemma faced by the FED and Bank of England and what needs to break, are we over peak...
2023-06-271h 18
A Different PerspectiveA LIVE recording of a Different Perspective with host Nick Searle, Hugh Hendry and Barry NorrisListen to last week’s live recording of A Different Perspective podcast, featuring host Nick Searle with guests, macro trading legends Hugh Hendry and Barry Norris. This episode was recorded in front of a live audience at St Ethelburga's in the City of London on 21st’ June.Nick, Hugh and Barry discussed the rate rise dilemma faced by the FED and Bank of England and what needs to break, are we over peak ESG and what is the future for active fund management.Hugh was previously at Baillie Gifford and Odey Asset Management, and his Ecle...
2023-06-271h 18
Commodity CultureGold Price Can Explode in Times of Chaos But it Can Also Be 'Profoundly Useless': Hugh HendryFormer Hedge Fund Manager Hugh Hendry believes that gold serves a purpose and can perform exceptionally well in times of chaos, but it can also be "profoundly useless". Hugh also discusses his bullish sentiment on uranium, the absurdity of dedollarization, the Eurodollar system, and much more.Hugh Hendry on Youtube: https://www.youtube.com/@HughHendryOfficialThe Acid Capitalist Podcast: https://www.patreon.com/HughHendryFollow Hugh on Twitter: https://twitter.com/hendry_hughFollow Jesse Day on X: https://x.com/jessebdayCommodity Culture on Youtube: https://youtube.com/c/CommodityCulture
2023-06-2137 min
A Different PerspectiveA Different Perspective - LIVE - with host Nick Searle, Hugh Hendry and Barry NorrisJoin us for a live recording of Zeus' popular podcast, A Different Perspective, hosted by Nick Searle, featuring special guests, Hugh Hendry and Barry Norris. - Wed, 21 Jun 2023 18:00 - 21:00 Barry Norris is the Founder of Argonaut Capital, an equity fund management company based in London. Barry is the Fund Manager of the Argonaut Absolute Return Fund, a leading equity long/short fund, managed using contrarian top-down macro views and a bottom-up “earnings surprise” stock-picking process. He also writes the widely followed “Argonautica” blog and creates Argonaut’s distinct “Stockumentary” videos.Hugh Hendry is a hedge fund ma...
2023-06-1900 minThe ACID Capitalist PodcastPreview: Hugh Answers & Josh AsksSend us a textTo hear the entire conversation sign up at https://www.patreon.com/HughHendry***THIS IS NOT INVESTMENT ADVICE!!***Support the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts!🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X📩 Substack👂Listen and 🔥 Subscribe📺 YouTube🎧 ...
2023-05-2728 min
Lead-Lag LiveThe Ultimate Hugh Hendry Interview: Decoding the Future of Finance with Michael GayedIn this exclusive and captivating interview, we bring you an insightful conversation between two renowned financial experts as they delve into the world of global macro investing. "Unveiling The Global Macro Arc With Hugh Hendry" features an in-depth Hugh Hendry interview with Michael Gayed of Lead-Lag Live, as they discuss the current state of the global economy and where it may be headed in the near future. This podcast is a must-listen for anyone interested in understanding the intricacies of macro investing and how it can impact your financial decisions.Hugh Hendry, a prominent and seasoned hedge...
2023-05-1244 minThe ACID Capitalist PodcastPREVIEW: Hugh Finds Jesus with Jeff SniderSend us a textSupport the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts!🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X📩 Substack👂Listen and 🔥 Subscribe📺 YouTube🎧 ...
2023-05-0730 minThe ACID Capitalist PodcastAmerican Piggybank with Brad SetserSend us a textHugh’s adventure in the mountains continues…hold on to your hats. 00:00:00 - Asian Crisis 00:08:10 - The value of money 00:24:03 - Taiwan devaluation 00:51:17 - Hidden money 00:63:04 - US and Global Savings 00:70:01 - Reservations about reserves Support the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and commen...
2023-04-281h 32
The ACID Capitalist PodcastRingside Rematch w/ Richard WernerSend us a textHugh and Professor Richard A. Werner go toe to toe...00:00:00 - Bank Run00:03:01 - Plumbing problems 00:08:03 - Crypto Crash00:11:59 - The Grapes of Wrath 00:18:48 - Forbidden words 00:20:36 - Throwing good money after bad 00:23:38 - 70s Redux? 00:25:49 - Agree to disagree 00:26:24 - Petrodollar? 00:32:26 - Until next time… ⭐⭐⭐⭐⭐ Leave a five star review and comment here: podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978🧢 Hats & Merch: acidcap.com📸 IG: instagram.com/hughhendryofficial🐦 Twitter: twitter.com/hendry_hugh📩 Substack: hughhendry.substack.com👂...
2023-03-3139 min
The ACID Capitalist PodcastQuantum Solace of FinanceSend us a textHe’s back…our thanks to Nick Searle (@searley1 @searley2) and the team at Zeus Capital (@zeuscapital) for their collaboration on this week's episode. ⭐⭐⭐⭐⭐ Leave a five star review and comment here: podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978🧢 Hats & Merch: acidcap.com📸 IG: instagram.com/hughhendryofficial🐦 Twitter: twitter.com/hendry_hugh📩 Substack: hughhendry.substack.com👂Listen and 🔥 subscribe:📺 YouTube: youtube.com/c/HughHendryOfficial🎧 Apple Podcasts:podcasts.apple.com/us/podcast/the-acid-capitalist-podcasts/id1511187978🎙️ Spotify: open.spotify.com/show/5zj3Ox1qRD9GSynCKJIODS?si=05ba4eb47efe4ddb🎵 Them...
2023-03-1756 min
A Different PerspectiveA Different Perspective Hugh Hendry's Birthday Special - The Acid CapitalistHugh, on this birthday, made a very timely surprise, in person, appearance yesterday to talk with Nick about the financial woes of the last week. The discussion includes the Federal Reserve's expected response to the liquidity crisis, the imminent downfall of venture capitalists, private equity and commercial real estate, inflation, interest rates and what Hugh's been trading and what he's looking to buy. There is also mention of a Jimi Hendrix playing rock goddess and time spent with Brad Pitt's healer in LA. HAPPY BIRTHDAY HUGH!For the show notes visit our web page This...
2023-03-1752 min
The ACID Capitalist PodcastHugh Hendry's Christmas Carol with Tom RoderickSend us a textHugh Hendry's Christmas special is the gift that keeps on giving! Get ready for a festive feast of financial insights and festive cheer as Sir Tom Roderick makes his triumphant return. 00:00:00 - Looking good Billy Ray!00:01:15 - Sir Tom00:03:45 - Are we going to be OK?00:11:15 - Big supposition 00:19:12 - A new year beckons 00:36:10 - I DEMAND 00:42:00 - Frisky Futures 00:50:11 - Collateral Damage00:56:54 - Getting Real01:00:00 - Crypto Collateral 01:06:00 - Screaming danger 01:09:00 - Charting Course ***FOR ENTERTAINMENT PURPOSES ONLY***
2022-12-231h 31
The ACID Capitalist PodcastLife in the Fast Lane with Martin ArmstrongSend us a textSit down, have a glass of wine and listen to Hugh Hendry and the colourful Martin Armstrong get perpendicular and discuss the here and now...00:00:00 - Life in the fast lane00:01:30 - The Dismal Science 00:06:20 - NO-ONE WANTS TO TALK MONEY00:20:40 - Let’s play a game00:35:20 - Thatcher & Trump00:44:00 - Tell me what to do Marty01:04:00 - The OG ***FOR ENTERTAINMENT PURPOSES ONLY***Support the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/Hu...
2022-12-161h 14
The ACID Capitalist PodcastEscape Velocity with Lacy HuntSend us a textHugh sits down with living legend, Lacy Hunt, PhD - Executive Vice President of Hoisington Investment Management. Will they achieve escape velocity?00:00:00 - LEGENDS00:02:02 - What is money? 00:08:15 - Velocity 00:23:23 - ODL00:30:16 - 100 years of out of date00:47:00 - Policy failures and Euro$00:56:46 - End this depression! 01:00:00 - Bonds and Buddhism 01:04:00 - Learning to listen 01:11:00 - An almighty downturn!***THIS IS NOT INVESTMENT ADVICE!!***Support the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://w...
2022-11-251h 18
The ACID Capitalist PodcastThe End? with Jeffrey ShermanSend us a textIs this the end? Featuring special guest Jeffrey Sherman, Deputy CIO DoubleLine.THIS IS NOT INVESTMENT ADVICE!!00:00:00 - Alchemy 00:00:54 - Hello Hugh00:01:40 - The Sherman Show00:02:50 - $$$$$100 yard football field 00:05:10 - Only one Jeff00:14:20 - Read Jane Austen00:22:48 - What does it take?!00:31:22 - Mirror mirror on the wall00:36:25 - I want to lick the honey 00:42:24 - The virtue of experience 00:49:49 - The impermanence of life00:59:02 - the end?01:06:50 - The $ has lost sovereignty 01:14:00 - Against the g...
2022-11-181h 19
Reasonably Happy with Paul OllingerThe Hedge Fund Legend Hugh HendryFormer hedge fund manager Hugh Hendry grew up working class in Glasgow, Scotland. His anxiety, detachment from money, and passionate observations of life led him to hypotheses and market positions others couldn’t see. In 2008, when the rest of the world was melting down, Hugh’s Eclectica Asset Management returned over 30%. As great as the money was, he says what drives him is a profound need to be loved. Today, Hugh develops property in St. Barths where he lives full time.In this conversation, Hugh shares anecdotes of Scottish thrift that will make you laug...
2022-11-0948 min
The ACID Capitalist PodcastLIVE IN BOSTON! (2022 World Tour)Send us a textHugh live in Boston, speaking at the Fall 2022 STANSBERRY CONFERENCE & ALLIANCE MEETING. 00:00:00 - Special edition 00:03:00 - What is inflation? 00:06:00 - 3 types of money00:12:02 - The repo man 00:19:04 - Check the record 00:24:16 - How the world works 00:30:03 - Money & Sex00:36:10 - Q&ATHIS IS NOT INVESTMENT ADVICE!!Support the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://bl...
2022-11-0448 min
Alpha ExchangeHugh Hendry, Founder, Eclectica Asset ManagementWe live in unique and highly uncertain times. Rates and FX markets - especially in the developed world -are experiencing volatility at levels associated with crisis. Central Banks are confronting an inflation problem not seen in decades and risk doing too much or too little. And the intersection of market prices and geopolitics is especially fraught. Against this backdrop, it was a pleasure to welcome Hugh Hendry to the Alpha Exchange.The founder of Eclectica Asset Management, a fund he ran from 2005 to 2017, Hugh is now a developer of high-end properties. But he’s also spending a lo...
2022-10-021h 01The ACID Capitalist PodcastHendry Goes to China: the Great GDP SwindleSend us a textHendry Goes to China: the Great GDP Swindle Support the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https://www.patreon.com/HughHendryhttps://hughhendry.substack.comhttps://www.instagram.com/hughhendryofficialhttps://blancbleustbarts.comhttps://www.instagram.com/blancbleuofficial⭐⭐⭐⭐⭐ Leave a five star review and comment on Apple Podcasts!🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X📩 Substack👂Listen and 🔥 Subscribe📺 YouTube🎧 ...
2022-09-1710 min
A Different PerspectiveA Different perspective with The Acid Capitalist, Hugh HendryThis week the legendary Acid Capitalist Hugh Hendry joins Nick for a truly different perspective. Previously at Baillie Gifford and Odey Asset Management Hugh’s Eclectica macro hedge fund was famously up 50% in 2003 and up 50% in the month of October in 2008. Monikered as a contrarian investor Hugh certainly has some very different views as Nick runs through a tally of macro thoughts and themes. Hugh's book choice was The Gap in the Curtain by John Buchan. Follow and listen to Hugh's Podcast here - The Acid CapitalistThis content is issued by Zeus Capital Limited (“Zeus...
2022-09-141h 17
The ACID Capitalist PodcastVoodoo Lounge with Jared DillianSend us a textJoin the Alchemist and Hugh as they enter the voodoo lounge with with Jared Dillian... *HATS NOW FOR SALE* www.acidcap.comHugh HendryYouTube: Hugh Hendry OfficialTwitter: @hendry_hughInstagram: @hughhendryofficialSubstack: hughhendry.substack.comHats: www.acidcap.com00:00:00 - Leaving summer behind 00:03:00 - Dirt nap00:12:40 - Mistakes were made00:19:30 - Getting sentimental 00:25:50 - Theory of a**holes 00:42:44 - Sucked out of the mainframe 00:46:45 - Propaganda Machine00:59:20 - Uranium tourists01:07:00 - The mos...
2022-09-021h 31
The ACID Capitalist PodcastArrogance And Conceit of BTPs with Russell ClarkSend us a textRampaging Russ AKA Russell Clark, is back for round two! *HATS NOW FOR SALE*Hugh HendryYouTube: Hugh Hendry OfficialTwitter: @hendry_hughInstagram: @hughhendryofficialSubstack: hughhendry.substack.comHats: www.acidcap.com00:00:00 - Fetching and sexy00:02:20 - Melt our minds... 00:20:00 - Whatever it takes! 00:26:30 - The world has changed 00:28:00 - Playing politics 00:29:00 - Adam Smith and beavers00:35:30 - The great vol machine 00:41:18 - Asset rich, cash poor 00:44:30 - The Texas Hustle 01:04:00 - Bloomberg...
2022-08-261h 23
The ACID Capitalist PodcastCentral Banking Isn't Working featuring Prof. BlanchflowerSend us a textProf. Blanchflower joins Hugh and the Alchemist for a no-holds-barred discussion on the folly of group think and failure of central banks. *HATS NOW FOR SALE*Hugh HendryYouTube: Hugh Hendry OfficialTwitter: @hendry_hughInstagram: @hughhendryofficialSubstack: hughhendry.substack.comHats: www.acidcap.com00:00:00 - The PM rang me up00:00:45 - Danny, "Champion of the World" 00:02:10 - Group think00:04:40 - Silent depression 00:11:40 - Fool me once... 00:22:30 - How did I get here?00:27:00 - The de...
2022-08-1955 minThe Julia La Roche Show#005 Hugh Hendry on Why We’re Already in the 4th DepressionContrarian macro investor and thinker Hugh Hendry (@Hendry_Hugh) joins Julia La Roche for a two-hour, unfiltered conversation that covers everything, from his early years in the hedge fund world to why he’s currently fearful of the economy.
In this episode, Hugh discusses his time “healing” from the hedge fund world while living on St. Barts for the past five years. He revisits his earliest years, how he got into markets, and his investment process while running his hedge fund.
Hugh also explains why he’s fearful of the economy and unpacks his views on why h...
2022-08-161h 56
Forward GuidanceThe Fed Is Not In Control Of The Eurodollar System | Hugh HendryUse code JACK250 to get $250 off tickets to Blockworks Digital Asset Summithttps://blockworks.co/events/digital-asset-summit-2022-new-york/Use code “guidance” to get 50% off Blockworks Research:https://blockworks.co/get-research/--Hugh Hendry, macro investor and former chief investment officer of Eclectica Asset Management, joins Jack Farley to make the case that central banks are not in control of the global monetary order. Hendry argues that an inverted yield curve is showing that the Federal Reserve is making a severe policy error. He insists that the rise...
2022-08-1549 min
The ACID Capitalist PodcastCowboys and Pirates with Javier BlasSend us a textBloomberg columnist Javier Blas (@JavierBlas) joins the gang to talk commodities, Indiana Jones, pirates and cowboys. Hugh mulls a run for President of Libya; and the Alchemist discusses Hugh's death defying journey through Zimbabwe! Please rate 5-stars, comment and subscribe on Apple Podcasts. **HATS NOW FOR SALE**Hugh HendryYouTube: Hugh Hendry OfficialTwitter: @hendry_hughInstagram: @hughhendryofficialSubstack: www.hughhendry.substack.comHats: https://pixel-gallery.co.uk/collections/acid-capitalist-trucker-hatsSupport the show⬇️ Subscribe on Patreon or Sub...
2022-08-121h 08
The Contrarian Investor PodcastHugh Hendry, OG ContrarianThis podcast episode was recorded on Aug. 3 and released to premium subscribers the following day. To become a premium subscriber and take advantage of a host of other benefits including the Daily Contrarian briefing, visit our Substack or Supercast. Prices start around $9/month. Hugh Hendry is a man who needs no introduction to contrarians. Over the course of this 90-minute conversation, he provided many views on markets, the economy, the Federal Reserve, China, and a lot more. Of particular interest to investors are his bullish views on commodities, oil producers, and luxury goods makers... Content Hi...
2022-08-091h 30
The ACID Capitalist PodcastCrude Talk with @ChiGrl aka Tracy ShuchartSend us a text @ChiGrl aka Tracy Shuchart is on this week's episode to discuss all things oil! **HATS NOW FOR SALE****NEW: www.hughhendry.substack.com**Don't forget to rate, share and comment on Apple Podcasts. Hugh HendryYouTube: Hugh Hendry OfficialTwitter: @hendry_hughInstagram: @hughhendryofficial@ChiGrl aka Tracy Shuchart Twitter: https://twitter.com/chigrlSupport the show⬇️ Subscribe on Patreon or Substack for full episodes ⬇️https...
2022-08-051h 28
The ACID Capitalist PodcastPart II: Halfway up the River with Ben HuntSend us a textBen Hunt @EpsilonTheory is back for part II of our journey. Tune in, drop out and hold on tight as we enter the heart of darkness... **NEW: www.hughhendry.substack.com**Don't forget to rate, share and comment on Apple Podcasts. Hugh HendryYouTube: Hugh Hendry OfficialTwitter: @hendry_hughInstagram: @hughhendryofficialBen Hunt Twitter: @EpsilonTheoryWebsite: epsilontheory.com ***Want to be notified about limited edition hats before they go on sale? Rate, review, comment on Apple Po...
2022-07-2958 min
The ACID Capitalist PodcastHalfway up the River with Ben HuntSend us a textJoin Hugh Hendry and Ben Hunt (@EpsilonTheory) for a cerebral journey halfway up the river of your mind. Colonel Kurtz and villagers await you on a macro expedition like no other! Don't forget to rate, share and comment on Apple Podcasts. Hugh HendryYouTube: Hugh Hendry OfficialTwitter: @hendry_hughInstagram: @hughhendryofficialBen Hunt Twitter: @EpsilonTheoryWebsite: epsilontheory.com ***Want to be notified about limited edition hats before they go on sale? Rate, review, comment on Apple Podcasts and sen...
2022-07-221h 04
The ACID Capitalist PodcastAsian Tigers with Russell ClarkSend us a textThe Acid Capitalist and the Alchemist reunited and ready for a magic mystery tour of Asia with special guest Russell Clark. ***Russell Clark on Substack https://www.russell-clark.comRussell Clark on Twitter https://twitter.com/rampagingruss***Leave a 5-star review on Apple Podcasts! Like and subscribe to Hugh's channel on YouTubeFollow Hugh on TwitterFollow Hugh on Instagram***REMINDER: Want to be notified about limited edition hats before th...
2022-07-151h 03
The ACID Capitalist Podcast👏 BONUS 👏 EDITION: 👏 Featuring Tom Roderick 👏👏👏Send us a textJump on the bucking bronco🐎 with a special 👏bonus edition👏 of the Acid Capitalist Podcast, featuring the one and only Tom Roderick (@ToStRo)!Don't forget to rate, share and comment on Apple Podcasts. Follow Hugh on Twitter @hendry_hughLike and subscribe on YouTube at Hugh Hendry Official***Want to be notified about limited edition hats before they go on sale? Rate, review, and comment on Apple Podcasts and send a screenshot to info [at] upsonpartners [dot com] -- the first 100 commentators will get on the lis...
2022-07-131h 17
WTFinanceChina's Class Warfare on the World with Hugh HendryOn todays episode of the podcast I was happy to host Hugh Hendry Official - Founder of Eclectica Asset Management, an award winning hedge fund manager and host of the Acid Capitalist podcast.On the podcast we talked about who is Hugh Hendry, being a contrarian investor, the current relationship between the US and China and why it has created class warfare. I hope you enjoy!0:00 - Introduction1:57 - Who is Hugh Hendry?3:00 - Why do we have a specific view of hedge fund managers?7:30 - How does contrarian investing look?10:45...
2022-06-171h 01
Market DepthHugh Hendry: The U.S. Dollar System Is BrokenOn today's edition of "Boiler Room," Alfonso Peccatiello is joined by Hugh Hendry host of the "Acid Capitalist" podcast. Hugh spent 15 years, from 2002 - 2017, as CIO of his macro hedge fund Eclectica Asset Management. Since closing the fund in 2017, Hugh now resides in Saint Barthélemy investing in luxury hotels, surfing & thinking about markets.Providing his outlook for markets throughout 2022, Hugh predicts smart money will soon wake up and price in the "mother of all economic recessions". Hugh goes on to explain how the U.S dollar system is broken in it's current state b...
2022-05-2732 min
The ACID Capitalist PodcastACID ASSETS FOR THE MANYSend us a textMacro Confessions Part XXXII, The Sweeney Alchemist (@writes_sweeney) is worried that the Acid Capitalist (@hendry_hugh), has been detained in Kyiv en route back to his Blessed isle. Recent images reveal a stark concrete bunker. Just where is he this week? He calls upon the aid and inspirational insight of the political economist @MkBlyt, The Tangerine Bishop of Dundee. It's an unforgettable, Scottish ménage-à-trois that will have you reaching for the closed caption service sooner rather than later.Men in finance have a tendency to talk to themselves, to...
2022-03-251h 23
Insight is Capital™ Podcast110 Hugh Hendry: War Europe Inflation U.S. China Dislocations Bonds Equities Carbon MetaverseHugh Hendry, The Acid Capitalist, Macro-Advisor, and Founder of Eclectica Asset Management, joins us for a creative and critical, hot-take filled conversation.=========================================HIGHLIGHTS=========================================- Blunderer Putin's absurd personal ego-fueled tragic war on Ukraine- Europe caught on the backfoot- Inflation, what it is and is this it, yet?- Natural gas, Pipelines- Gold- the unbalanced symbiosis that is U.S.-China trade, currency and policy malaise- the realities facing the bond market ...
2022-03-211h 58
The ACID Capitalist PodcastHEDGE FUND INTELSend us a textMacro Confessions Part XXXI, a very tired Acid Capitalist, having flown half-way across the globe, joins the The Sweeney Alchemist (@writes_sweeney), in London Town to review the week when risk markets rallied.But first Chris is intrigued by the re-emergence of Adam Newman and his crypto plan to save the planet. We Work for the Planet but really? The idea is rubbished by a sceptical Acid Capitalist as way too many blue pills and not enough red. And the boys start quoting Madonna, "How High can we go". This graced t...
2022-03-181h 19
The ACID Capitalist PodcastHedge Fund Masterclass - Make Profits Not WarSend us a textMacro Confessions Part XXIX, the Acid Capitalist is mad as hell. Bewildered and traumatised by the human catastrophe in Ukraine, he's left exasperated by sinister political forces seeking to stymie the advance of the European carbon trading platform to advance their own selfish causes. Carbon permit prices have fallen sharply.He mans his pulpit. An uncommon occurrence. Rarely can one say that you can do-good and make money. The Exchange Trading Scheme has pursued truth via the price discovery system. Competing exchanges in America limit speculation, limit truth seeking activities. The r...
2022-03-051h 03
Insight is Capital™ Podcast108 Hugh Hendry: Big Macro Fault LinesHugh Hendry, a.k.a. The Acid Capitalist, and Founder of the award winning hedge fund management firm, Eclectica Asset Management, joins Pierre Daillie and Joseph Lamanna for over 90 minutes, in a hot-take filled and hilarious-at-times conversation deep in critical and paradoxical thinking about the past and current geo-politics of Russia and China, the QE and disinflation-fueled equity and bond bull markets, the dynamics of oil and natural gas in the context of both pre-inflation concerns and the ultimate exogenous energy threat to Europe, his unique perspective on the impact and opportunity presented by the carbon permit/credit market...
2022-03-011h 31
The ACID Capitalist PodcastHEDGE FUND MASTERCLASS - NAVIGATE EUROPE ENERGY CRISISSend us a textMacro Confessions Part XXVIII, projecting forward from the macro year 2007. Chris finds a Hank Moody like Acid Capitalist holed up in his friends' beautiful villa in St Barts. staring wistfully at the surf. The unthinkable has happened, Russian tanks have broken ranks and are moving in on Kiev.Risk becomes philosophical. The Dice Man declares that if you can't think then you have no soul, for a soul is something subject to reflection. Little thinking seems apparent in this modern outbreak of war within the central theatre of Europe and so...
2022-02-261h 12
The ACID Capitalist PodcastHedgeFund MasterClass - Profit from Russian ConflictSend us a textMacro Confessions Part XXVII, projecting forward from the macro year 2006. Chris finds a dishevelled Acid Capitalist holed up in his cement bunker in St Barts. The initial salvos find the boys reminiscing about the Fight Club, The UNIBomber, Nirvana and bereaving the passing of Agent 007 as one of their own.Hugh picks up the pace, sharing how he bought the chip company AMD and shorted its larger, more successful competitor, Intel simply because he thought the pattern reminiscent of the gold price's resurgence. Oh Gosh, Oh Gosh I'm Juliette Binoche whispers a...
2022-02-1959 min
The ACID Capitalist PodcastHedgeFund MasterClass - The Great Carbon SwindleSend us a textMacro Confessions Part XXVI (somewhere in the future) This week the camera never lies. Hugh is trotting out responses under cross-examination from Chris. Bridgewater, Ray Dallio, Is he the greatest hedge fund manager ever? He's certainly made more money than anyone else...And then, Hugh goes freestyle. You can literally see the moment when the Acid Capitalist forms a new idea in his head. You can share that light bulb moment. Be in the room as Hugh brings down absurdity to try save the planet.No new Hedge Fund wannabee can...
2022-02-121h 15
The ACID Capitalist PodcastHedgeFund Masterclass: CHINA CRASH 2024Send us a textMacro Confessions Part XXV (APRIL,2012) This week Hugh felt a movement in the time-expanse of the financial universe. In a land far, far away, an elderly, wise man of his acquaintance, his Master and Macro overlord bore testimony to a prophecy of bad tidings.Despite their evident excitement, the boys compose themselves and set about deciphering the godfather of macro, George Soros, and his latest missives delivered in a face-off challenge to China's President Xi. No new Hedge Fund wannabee can afford to miss this journey from the past t...
2022-02-051h 23
The ACID Capitalist PodcastHedge Fund MasterClas - BIGGEST MACRO MISTAKESend us a textMacro Confessions Part XX IV (2006) This week risk is resetting. Things changing. There will be opportunities. There will be blood. Let it be the other guy. Let's get absurd. The boys review the slaughter of the innocents, namely the abject poor performance of some of last year's most hyped new companies to emerge on the stock market.The conversation is fast paced. Chris has led Hugh to the Valley of Happiness but he wants to know more about what's causing the melt down in high profile stock names Peloton, Deliver and...
2022-01-281h 32
The ACID Capitalist PodcastHedge Fund Masterclass - ShortingSend us a textMacro Confessions Part XX III (November 2005) This week the boys kick back. Inspired by Jeff Bezos, and his recent jaunt to St Barts, Hugh reveals his 20 hour fast and avocado regime. He believes that longevity and contrarian investing are bedfellows. Chris shakes his head in disbelief.The conversation is fast paced. Chris has his runner's legs on and wants to know more about what's knocking the capital markets this week. Bonds, not James but the ongoing disturbance in the US Treasury market are discussed. Better to construct an inventory of ideas...
2022-01-211h 23
The ACID Capitalist PodcastHedge Fund Masterclass - Paradoxical InvestingSend us a textMacro Confessions Part XX II (October 2005)The Scottish tormentor, Chris Sweeney, is pumped to the max as he seeks to understand the inner workings of Hugh's orthogonal Eclectica Fund. The boys use his monthly client letters as a Hedge Fund boot camp to reveal what he was really thinking at the time and why he made the decisions he did. No new Hedge Fund wannabee can afford to miss his journey to the present day where he reveals and expounds upon his latest macro insights and his chagrin for those that got...
2022-01-1441 min
The ACID Capitalist PodcastHedge Fund Masterclass- Don't Look Up - Trading ConvexitySend us a textMacro Confessions Part XX (Autumn 2005)We welcome back again, the Scottish tormentor, Chris Sweeney, to chronicle the inner workings of Hugh's orthogonal Eclectica Fund. The boys use his monthly client letters as a Hedge Fund boot camp to reveal what he was really thinking at the time and why he made the decisions he did. No new Hedge Fund wannabee can afford to miss his journey to the present day where he reveals and expounds upon his latest macro insights and his chagrin for those that got away.This week, t...
2022-01-071h 16The ACID Capitalist PodcastMacro Christmas ConfessionsSend us a textEver attended a Hedge Fund Christmas Party? We've super charged the subtitles as we welcome back the Scottish tornado, Chris Sweeney to once more chronicle the inner workings of Hugh's orthogonal Eclectica Fund. The boys use his monthly client letters as a Hedge Fund boot camp to reveal what he was really thinking at the time and why he made the decisions he did. No Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights and his chagrin for those...
2021-12-2451 min
The ACID Capitalist PodcastHedge Fund Masterclass - CreativitySend us a textThis week we have a Shared Confession. Former macro hedge fund manager, Hugh Hendry, is joined by Dr. Angus Fletcher (Phd, Yale) , a neuroscientist and professor of Shakespeare. Angus rocks ! His latest book, Creative Thinking, was written especially for US special operatives engaging with live risk. We discuss the carry over principals for all wannabe hedge fund investors. This is hedge fund bootcamp for narrative warriors. The pursuit of linguistics and rogue imagination over data; the rejection of logic. Data predicts yesterday. We suggest a non logical mode of intelligence that dares to s...
2021-12-171h 17The ACID Capitalist PodcastChina's Zodiac Doomsday ClockSend us a textEx macro hedge fund manager, Hugh Hendry, again invites his former investment partner, Tom Roderick, to review the global macro landscape. This week Tom discusses his new macro essay, China's Zodiac Doomsday Clock. Hugh becomes nostalgic for March 2009 and his slow train journey to Wuhan which revealed abundant evidence of China's property overbuilding 12 years ago. Tom explains why their China blow-up fund never made them a billion dollars. The answer was written in the stars. China's wise men acknowledged Confucius - wise man's clock is slower. Beijing's bureaucrats socialised risk and relied u...
2021-12-1033 min
The ACID Capitalist PodcastPunk Macro InflationSend us a textFormer macro hedge fund manager, Hugh Hendry, again invites his former investment colleague, Tom Roderick, to review the global macro landscape. This week they argue over inflation. Hugh is sceptical, Tom less so. The gonzo investor rails against the media’s shock and outrage on witnessing higher prices. “We closed the world for more than a year and then jolted it back to life with the greatest ever cash incentive to buy...why are we surprised that some prices have surged?” bellows Hugh from his cave in St Barts. The boys consider...
2021-11-2456 minThe ACID Capitalist PodcastChina Risk Shared Confessions by Hugh Hendry & Tom RoderickSend us a textHedge fund manager, Hugh Hendry, again invites his former colleague, Tom Roderick, who manages macro at Trium in London, to review the revelatory and impending bust of China's legendary Evergrande Property. Macro hasn't been seen in Chinese waters for almost a decade. A strong currency with a positive carry and a stock market seemingly impervious to shocking state interventions has ensured a lack of willing naysayers. The Acid Capitalist, Hugh, and Tom, explains how China's property companies were the safest stocks in the global sector owing to their ability to transfer risk quickly...
2021-09-2949 minThe ACID Capitalist PodcastConfessions: Hugh Hendry & Tom Roderick, Acid CapitalistSend us a textHedge fund manager, Hugh Hendry, invites former investment partner, Tom Roderick, to dive under the hood and examine how one becomes a hedge fund manager. They revisit the summer of 2005, the S&P has been marooned for 2 years moving sideways as the economy and corporate profitability improve. What would an aspiring young manager do?Hedge fund pirate Hugh Hendry chronicles the inner workings of the uncorrelated and legendary Eclectica Fund. Hugh's discussions with other though leaders are deployed as a hedge fund boot camp to reveal what he's thinking and why...
2021-06-2038 minThe ACID Capitalist PodcastShared Confessions: Hugh Hendry & Karinna Knobbs, Pattern SeekersSend us a textHedge fund manager, Hugh Hendry, invites digital fashion entrepreneur, Karinna Knobbs, to provide another overlay between macro and tech and maybe even fashion? Ever wondered how hedge fund managers develop their ideas? Watch as Hugh interviews Karinna and they discuss THE DEMATERIALISED, an experimental marketspace for digital fashion including a system for the creation and trading of NFTs. Karinna founded the site with Marjorie Hernandez.Hedge fund pirate Hugh Hendry chronicles the inner workings of the uncorrelated and legendary Eclectica Fund. Hugh's discussions with other though leaders are deployed as a...
2021-06-1432 minThe ACID Capitalist PodcastShared Confessions: Hugh Hendry & Benedict Evans, Is it Possible to Tokenise Knowledge?Send us a textHedge fund manager, Hugh Hendry, invites technology savant, Benedict Evans, to provide an overlay between macro and tech. Together they explore the new questions: crypto, machine learning, shifts in ecommerce, what's happening in media, China, and it's 900 million users and their significance on the rest of the world.Hedge fund pirate Hugh Hendry chronicles the inner workings of the uncorrelated and legendary Eclectica Fund. Hugh's discussions with other though leaders are deployed as a hedge fund boot camp to reveal what he's thinking and why in real time. No new Hedge...
2021-06-0535 minThe ACID Capitalist PodcastConfessions XX: Is Bitcoin going to a Million Dollars? (Apr 2005)Send us a textHedge fund manager, Hugh Hendry, invites his former colleague Tom Roderick, the manager of the Trium Macro Hedge Fund, to review this week's crash in cryptocurrencies. They draw parallels with the tech bubble of the late 1990s and the pyramid of leverage that lay behind the housing bubble in late 2006. They discuss bitcoin's coming of age. With values soaring past one trillion dollars, crypto is no longer a cheap out-of-the money call option on currency debasement. Downside volatility will feature as prominently as the upside. Finally, they venture that real world applications for...
2021-05-2157 minThe ACID Capitalist PodcastConfessions XIX: Is Bitcoin Lehman? (March 2005)Send us a textMacro Hedge Fund Manager offers more global insights and delivers a shellacking of Elon Musk, Tesla, and their incestuous menage-à-trois with Bitcoin. Comparing the ESG mood to the anti-bank sentiment in the 1930s, he compares Bitcoin with Lehman Brothers; is one as incongruous as the other? He takes us from a critique of dirty bitcoin to a deep dive into the Chinese steel industry - showing why the moribund steel sector could be poised to enter a bull market.Hedge Fund pirate Hugh Hendry and co-host Chris Sweeney chronicle the i...
2021-05-1749 minThe ACID Capitalist PodcastConfessions XVIII: I Believe (Feb 2005)Send us a textHugh goes back to the future to zero in on the hydroelectric income trust, Innergex, in the Canadian province of Quebec. Having invested back in 2005 he re-examines the business today, 16 years later. He also empties the tank on his disdain for fellows in suits and moustaches, the zeitgeist of impending inflation and what the big US banks are telling us. He even treats us to another spin of The Hendry Chart Rotator., this time reviewing the largest European stocks. And Hugh explains why the "sophistication" for market neutral strategies can creates absurdities and...
2021-05-071h 46The ACID Capitalist PodcastConfessions XVII: Porno (Q1 2005)Send us a textHugh gets X-rated unveiling his version of hardcore pornography - The Hendry Chart Rotator. He offers a lesson from what can be gleaned from chart patterns. We discuss the shocking failure of Europe - youth unemployment - and why the banks are the cork in the bottle right now and an analysis of Sony recording their biggest ever annual net profit. Hugh even gets in an almighty fangle and confuses Hitachi for Toshiba. We've kept it not to spare his blushes. Hedge Fund pirate Hugh Hendry and co-host Chris Swe...
2021-04-301h 35The ACID Capitalist PodcastConfessions XVI: Dickcoin (Q4 2004)Send us a textMick Jagger's Swagger warns us to be wary of BitcoinHugh lifts the lid on how the pressures of working side by side with Crispin Odey drove him to seek refuge on Mustique, where he rented a house next door to Sir Mick Jagger and near Bryan Adams, He talks about how a drop in commodity prices in late 2004 hit him hard, but how he battled with the searing Caribbean heat (minus air-conditioning) to end the year +8%. Hedge Fund pirate Hugh Hendry and co-host Chris Sweeney chronicle the inner w...
2021-04-231h 07The ACID Capitalist PodcastConfessions XV: Bubbles (Summer 2004)Send us a textHugh laments on the things he didn't see as clearly in 2004, as he does now. There's a warning from someone who's experienced it - if you're anointed an investment god, don't get too high on your own supply. And an article from The Financial Times is eviscerated for forewarning the coming power of digital currency.Hedge Fund pirate Hugh Hendry and co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund. The boys use Hugh's monthly client letters as a Hedge Fund boot camp to reveal what...
2021-04-161h 21The ACID Capitalist PodcastConfessions XIV: Doom Loop (March 2004)Send us a textThe narrative continues as we jump from uranium into the oil market, and we get filthy, maybe even dirty... Why did the scorpion kill the frog? Hey hedge Fund managers gotta make money. There's also a look at China, could it be about to turn Japanese? Too early to say conclusively but the Princes of the Yuan are stirring?Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund. The boys use Hugh's monthly client letters as a Hedge Fund...
2021-04-091h 45The ACID Capitalist PodcastConfessions XIII: Nuclear (Q1 2004)Send us a textDeep dive into the uranium sector and the Archegos scandal. Plus, how Hugh was almost tossed out of a plane by Robert Mugabe’s money men during a trip to Africa.Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund The boys use Hugh's monthly client letters as a hedge fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to...
2021-04-021h 32The ACID Capitalist PodcastConfessions XII: Loud! (4th Quarter 2003)Send us a textConfessions XII 4thQ 2003 - Goldfinger, Putin, travelling supersonic and finding EU carbon credit equities.Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica FundThe boys use Hugh's monthly client letters as a hedge fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro...
2021-03-261h 25The ACID Capitalist PodcastConfessions XI: Rebel Rebel (September 2003)Send us a textHedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund's 15-years of operation, from 2002 to 2017.The boys are using Hugh's monthly letters to clients as a basis to take the audience on a journey into what he was thinking and why he made the decisions he did, in real time. It's the financial equivalent of a gripping true crime adventure. It's also an exclusive look behind the curtain of a Hedge Fund with nothing off-limits.This week they...
2021-03-191h 08The ACID Capitalist PodcastConfessions X: The Shamen (Jul/Aug 2003)Send us a textConfessions X July/Aug 2003 - Hugh's shorting Lehman Bros and reveals all about his Mercedes luxury mobile office/cinema that his wife drove!Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund The boys are using Hugh's monthly letters to clients as a basis to take the audience on a journey into what he was thinking and why he made the decisions he did, in real time. It's the financial equivalent of a gripping true crime adventure. I...
2021-03-121h 26The ACID Capitalist PodcastConfessions IX: St Barts Bono (June 2003)Send us a textConfessions IX June 2003 - Why Hugh "St Barts Bono" Hendry should run the Bank of England, plus the genius of buying a lousy company.Hedge Fund pirate Hugh Hendry and his co-host Chris Sweeney chronicle the inner workings of the uncorrelated and legendary Eclectica Fund's 15-years of operation, from 2002 to 2017.The boys are using Hugh's monthly letters to clients as a basis to take the audience on a journey into what he was thinking and why he made the decisions he did, in real time. It's the financial equivalent...
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