IN THIS EPISODE, YOU’LL LEARN:<ul><li>18:35 - How the Great Inflation of 1965-81 shaped Jim Grant’s views on our current predicament.</li><li>25:31 - How history shows us that human behavior around money has never really changed.&nbsp;</li><li>30:50 - Why it’s futile to forecast interest rates, but wise to know what’s happened in the past.</li><li>42:53 - How the Federal Reserve sparked rampant inflation, why it’s scary, & how to deal with it.</li><li>55:16 - How central bankers illustrate the perils of overconfidence & the need for humility.</li><li>1:03:20 - How the Fed could wreck the U.S. economy while attempting to tame inflation.&nbsp;</li><li>1:07:01 - What investment opportunities Jim sees in this high-risk economic environment.</li><li>1:10:43 - Why he’s bearish on bonds as a 40-year cycle of falling interest rates comes to an end.</li><li>1:19:40 - Why Jim likes gold, not Bitcoin, as a protection against financial chaos & monetary folly.</li><li>1:35:07 - Why he adamantly refuses to invest in China.</li><li>1:28:47 - What Jim thinks of great investors like Seth Klarman, Paul Tudor Jones, & Bill Miller.</li><li>1:36:14 - How to handle the emotional challenge of investing when the stock market is tumbling.</li><li>1:40:57 - What we can learn from Bernard Baruch, one of the best investors of the 20th century.</li><li>1:44:22 - What you can learn from a classic investment book about the secret of “dying rich.”</li><li>1:53:10 - What Jim regards as “the most precious commodity” in life.</li></ul>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES<ul><li>Jim Grant’s website for <a href="https://www.grantspub.com/" rel="noopener noreferrer" target="_blank">Grant’s Interest Rate Observer</a>.</li><li>Subscribe to <a href="https://www.grantspub.com/resources/commentary.cfm" rel="noopener noreferrer" target="_blank">Almost Daily Grant’s</a>, a free (almost) daily commentary on financial markets.</li><li><a href="https://www.grantspub.com/podcasts.cfm" rel="noopener noreferrer" target="_blank">Grant’s Current Yield Podcast</a>, which is co-hosted by Jim & his colleague Evan Lorenz.</li><li>Jim’s annual <a href="https://www.grantspub.com/conferences/index.cfm" rel="noopener noreferrer" target="_blank">investment conference</a> in New York City.</li><li>Jim’s book <a href="https://www.amazon.com/Bernard-Baruch-Adventures-Street-Legend/dp/1604190663?crid=1BRNON86UV8R&keywords=bernard+m+baruch&qid=1660513055&sprefix=bernard+m+%2Caps%2C91&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=5473f12292dcf81c17220fbfbece2185&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">Bernard M. Baruch: The Adventures of a Wall Street Legend</a>.</li><li>Jim’s book <a href="https://www.amazon.com/Bagehot-Life-Times-Greatest-Victorian/dp/0393358283?_encoding=UTF8&qid=&sr=&linkCode=ll1&tag=tipnetwork-20&linkId=fa25f358d8644ca8f6b6486c2b5421f5&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">Bagehot: The Life and Times of the Greatest Victorian</a>.</li><li>Jim’s investment recommendation, <a href="https://www.palmvalleycapital.com/mutual-fund" rel="noopener noreferrer" target="_blank">Palm Valley Capital Value Fund</a>.</li><li>William Green interviews <a href="https://www.theinvestorspodcast.com/richer-wiser-happier/investing-legend-bill-miller-on-amazon-bitcoin-buffett/" rel="noopener noreferrer" target="_blank">Bill Miller</a> about Bitcoin on the “Richer, Wiser, Happier” podcast.</li><li>William Green’s book, “Richer, Wiser, Happier” – <a href="https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856?&linkCode=ll1&tag=tipnetwork-20&linkId=ac98967429245f6255aee9ae12d2bdba&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">read the reviews of this book</a>.</li><li>William Green’s <a href="https://twitter.com/williamgreen72" rel="noopener noreferrer" target="_blank">Twitter</a>.</li></ul>NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li></ul>P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!SPONSORS<ul><li>Help empower girls to break free through education, healthcare, child protection, and other wonderful benefits by being a&nbsp;<a href="https://www.wvi.org/" rel="noopener noreferrer" target="_blank">World Vision</a>&nbsp;child sponsor today.</li><li>Make summer dinners stress-free with&nbsp;<a href="https://freshly.com/wsb" rel="noopener noreferrer" target="_blank">Freshly</a>. 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RWH012: Fear the Fed w/ Jim Grant

We Study Billionaires - The Investor’s Podcast Network