#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
- The Go-Go Years, by John Brooks
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
- What is the scent of a market top? 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