106 minutes | Dec 21, 2020

#113: What I Learned In 2020 - John Hempton

John Hempton is co-founder and Chief Investment Officer at Bronte Capital.

Show notes

Selected links

  • Follow John: Blog | Twitter
  • 'Approaches to Studying Policy Representation', paper by David Broockman
  • 'Indebted Demand', paper by Atif Mian, Ludwig Straub and Amir Sufi


Topics discussed

  • Lessons from past market cycles. 4:51
  • Astarra-Trio. 10:43
  • Retail investors: Welcome to the party. 24:14
  • When John met Jim (Simons). 28:13
  • Can you predict market tops? 33:00
  • Are there any good reasons for believing this time really is different? 40:37
  • The Dunning-Kruger effect is everywhere. 52:18
  • A behavioural model of the coronavirus. 55:45
  • The illusion of the political centre. 1:10:19
  • How inequality may be distorting monetary policy, and vice versa. 1:23:00
  • SPAC attack. 1:26:03
  • The puzzle of Middleby. 1:31:15
  • Bull masturbating. 1:33:01
  • 2020: a year of puzzles. 1:42:30
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