Podcast

T&C | Episode 21: Flashing is good?

2021-07-23T13:27:53+00:00

We ignore the flashing red light on the microphone, just like markets have been ignoring any number of warning signs. We discuss the bond market (or lack thereof), explore the conflicting signals sent by treasury yields, and the explore the inexplicable appetite for the currently misnamed high-yield debt. The bifurcation of equity returns between megacap and the rest is discussed, as are the potential effects of the delta variant on supply chains. We also discover Will and Adam were, unsurprisingly, both in high school Latin clubs. Caveat emptor.

T&C | Episode 21: Flashing is good?2021-07-23T13:27:53+00:00

T&C | Episode 20: Bark Twice if You’re in Milwaukee

2021-07-07T13:18:13+00:00

We bark again about the continued mania in meme stocks, as well as delve into the inflationary pressures building in certain parts of the economy. The massive flows into equities and misnamed “high yield” debt are also topics of conversation, as are looking to the late 1940s and late 1960s as potential playbooks for what might be a choppy remainder of the year.

T&C | Episode 20: Bark Twice if You’re in Milwaukee2021-07-07T13:18:13+00:00

T&C | Episode 19: A Frugal Pair/Lumber vs. Timber/Dilution vs. Delusion

2021-06-15T20:59:11+00:00

Come aboard. We’re expecting you… We make another run after a technology glitch to discuss the Love Boat’s star-crossed investors, the knife-sharpening industry, and the strange dichotomy between market complacency as a whole versus the mania around retail trading in meme stocks. From there, we delve into a discussion of inflation as reflected in things like lumber and labor. We then debate how a trade can be both right and wrong concurrently and why capital allocation matters for companies in secular decline.

T&C | Episode 19: A Frugal Pair/Lumber vs. Timber/Dilution vs. Delusion2021-06-15T20:59:11+00:00

T&C | Episode 18: Stupider Like a Fox

2021-06-02T15:45:30+00:00

Will and Adam delve into the return of meme-stock mania and address listener feedback vis-à-vis valuations and geese. They also discuss the circular logic of inflation versus expectations, how the market interprets this, and how the real impact of inflation is often mismeasured, using candy bar sizes. No free samples of a candy line-up will be provided.

T&C | Episode 18: Stupider Like a Fox2021-06-02T15:45:30+00:00

T&C | The Market Rips, or A Fortnightly-ish Happening

2021-05-03T18:08:01+00:00

Will and Adam review the market’s reaction to further fiscal stimulus, lack thereof to proposed tax changes, and compare the Fed’s largesse with the printer to our favorite confetti-throwing comedian. Obligatory discussions of lumber price inflation and employee scarcity also ensue, as does a more somber discussion...

T&C | The Market Rips, or A Fortnightly-ish Happening2021-05-03T18:08:01+00:00

T&C | Polloi Ahoy

2021-04-20T16:39:55+00:00

Will and Adam look right in the old lumber yard to discuss inflation and how government stimulus is affecting both sides of the inflation equation, especially as it relates to crowding out in the labor market. We also explore interest rates, the rotation back to large cap despite enthusiasm over re-opening and robust...

T&C | Polloi Ahoy2021-04-20T16:39:55+00:00

T&C | Compliance Mandated Podcast Number 0001: A New Hope

2021-04-05T13:13:00+00:00

Will and Adam explore the rebellion in stock markets, including the recent carnage prompted by margin calls on a highly levered family office. The two also discuss the red-hot housing market, transitory vs. lasting inflation, the bond market’s appetite for junk, the surprising strength of the dollar and its effect on Burl Ives’ favorite commodities.

T&C | Compliance Mandated Podcast Number 0001: A New Hope2021-04-05T13:13:00+00:00

T&C | Stupid Has Been Normalized

2021-03-22T16:55:16+00:00

Will and Adam delve into grammar and how adding misused words, e.g., supposably, to the dictionary normalizes stupidity and is analogous to the market rewarding investors in meme stocks. We connect the dots on the disconnect between the Fed’s transitory view of inflation versus what the market is anticipating, look at the overlooked impact of the variant in Europe, and discuss other risks the market is currently ignoring in its desire to mitigate FOMO.

T&C | Stupid Has Been Normalized2021-03-22T16:55:16+00:00

T&C | Tea and crumpets…Literally

2021-02-09T13:55:05+00:00

Will and Adam welcome Jennie Ripps, co-founder and CEO of Owl’s Brew, an emerging leader in the rapidly growing hard tea category. The three talk about the history of the company, its pivot to boozy tea, the challenges and opportunities of running a business during a pandemic, and why ingredients matter if you want to drink wise. They put the latter to the test with an impromptu taste comparison, and conclude with an analysis of the relative perceived sagacity of spectacles versus monocles.

T&C | Tea and crumpets…Literally2021-02-09T13:55:05+00:00