On today’s episode, Kyle Grieve chats with Harris Kupperman about his investing strategy based around concentrated bets on macro and events. Harris has decades of market experience and shares his thoughts on why investors have so much difficulty navigating the markets.Harris Kupperman is Praetorian Capital Management LLC's founder and chief investment officer. He focuses on inflecting trends and event-driven strategies. He’s also the author of Kuppy’s Korner, a widely followed investment blog. In addition to his investing work, he serves as Chairman and CEO of Mongolia Growth Group, giving him firsthand experience as an operator. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro02:57 - Unlocking macro investing secrets that actually work in real markets15:58 - How Harris shifts between strategies based on market conditions19:58 - Why cutting low-conviction positions can unlock capital for bigger winners25:35 - The hidden advantage of focusing on absolute returns over benchmarks28:18 How averaging up in commodity cycles can multiply your returns31:13 - Why Harris believes many MAG-20 stocks aren’t worth the hype42:38 - Why asset-heavy businesses still hold massive value in today’s economy53:13 - Why stubbornness and patience are key to real investing success56:54 - Hedging: A smart risk strategy or just a waste of returns?1:01:32 - The case for moving fast when investing in inflection point businessesDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul>
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<li>Read Harris' articles <a href="https://pracap.com/">here</a>.</li>
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