Resonance FM: The Naked Short Club Interview with Fasanara Capital

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RECAP:

• Fugazi Markets: difficult to pin markets to any anchor of value

• Public markets representing intercommunicating vessels

• Investors extending beyond bonds into other asset classes, often adopting a lot more leverage to make up for the lack of yields.

• Bonds are more like a policy tool, not a bond.

• The 60/40 balanced portfolios are changing; investors are shifting from bonds and equity to alternatives.

• Future-proofing 60/40 portfolios with fintech, platforms and De-Fi.

• Annual letter of Jamie Dimon highlights these tech-trends and threats time and time again.

• Regulation may prove to be the seal of approval for cryptocurrencies

• “I don’t know, and it doesn’t matter” – the frenzies that prevail in markets make almost anything justifiable.

Read also our research on the market economy in 2025 at this link