#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

3 Comments

Andy Hall
December 22, 2020 12:43 am

Always Good …
Thank you
Andy Hall

Some links | value and opportunity - InterReviewed
January 10, 2021 8:24 am

[…] John Hempton (Bronte) learned in 2020 […]

Ben
January 16, 2021 6:15 pm

Very interesting man who clearly spends a lot of time on introspection.

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