In <a href= "https://hiddenforces.io/podcasts/how-to-navigate-the-new-investment-paradigm-lawrence-mcdonald"> Episode 450</a> of Hidden Forces, Demetri Kofinas speaks with Lawrence McDonald, the founder of The Bear Traps Report and the author of a recently published book about the risks and investment opportunities present in today's radically reshaped economy titled "How to Listen When Markets Speak." In today's conversation, Demetri and Lawrence discuss how social media and the gamification of investing have amplified behavioral biases and fueled the AI boom, as well as the growth of crypto and other "tertiary" assets. They then zoom out to examine how the macro environment has changed since the Covid 19 pandemic, and how the government's response to both the GFC and covid crisis have sent investors scrambling for new frameworks to help them understand government's role in the economy and how to position themselves and their client's portfolios for a radically new world—one that you will not learn about in financial text books or most macroeconomics courses. Kofinas and McDonald also explore the "dark side of passive investing," the extreme concentration risk present in a handful of AI-linked mega-caps, the risk to markets of more capricious government trade policies, and why Lawrence McDonald believes that one of the most underappreciated opportunity sets in AI lies not at the intersection of semiconductors and AI companies, but in the physical energy and delivery infrastructure needed to power them. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting <a href= "https://hiddenforces.io/subscribe">HiddenForces.io/subscribe</a>. If you'd like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at <a href= "https://hiddenforces.io/subscribe">HiddenForces.io/subscribe</a>. If you enjoyed today's episode of Hidden Forces, please support the show by: <ul> <li dir="ltr" aria-level="1"> Subscribing on <a href= "https://podcasts.apple.com/us/podcast/hidden-forces/id1205359334">Apple Podcasts</a>, <a href= "https://www.youtube.com/channel/UC8URhgYos5fjHqFSO4RSIEg">YouTube</a>, <a href= "https://open.spotify.com/show/0TK6u251zGSlMgJKH6cOaP">Spotify</a>, <a href= "https://www.stitcher.com/podcast/demetri-kofinas/hidden-forces">Stitcher</a>, <a href="https://soundcloud.com/hiddenforces">SoundCloud</a>, <a href="https://castbox.fm/channel/2629539">CastBox</a>, or via our <a href="http://hiddenforces.libsyn.com/rss">RSS Feed</a> </li> <li dir="ltr" aria-level="1"> Writing us a review on <a href= "https://podcasts.apple.com/us/podcast/hidden-forces/id1205359334">Apple Podcasts</a> & <a href= "https://open.spotify.com/show/0TK6u251zGSlMgJKH6cOaP">Spotify</a> </li> <li dir="ltr" aria-level="1"> Joining our mailing list at <a href= "https://hiddenforces.io/newsletter/">https://hiddenforces.io/newsletter/</a> </li> </ul> Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and support the podcast at <a href= "https://hiddenforces.io/">https://hiddenforces.io</a>. Join the conversation on <a href= "https://www.facebook.com/hiddenforcespod/">Facebook</a>, <a href= "https://www.instagram.com/hiddenforcespod/">Instagram</a>, and <a href="https://twitter.com/hiddenforcespod">Twitter</a> at @hiddenforcespod Follow Demetri on Twitter at <a href= "https://twitter.com/kofinas">@Kofinas</a> Episode Recorded on 11/17/2025

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

How to Navigate the New Investment Paradigm | Lawrence McDonald

Hidden Forces

AI Chapters

AI Insights

Reviews