Chance Finucane - Oxbow Advisors - Adam Taggart - Thoughtful Money - March 4, 2024

[@denniswright5611]

Another great thinker. Lucky guy getting Ted Oakley as a mentor!

[@scott7521]

Definitely a smart kid

[@juliorivas7428]

Superb analysis -- data-focused and informed about historical patterns.

[@eh7599]

Great as always! Congratulations

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

[@eh7599]

Totally agree about the capitulation point at the end.

[@JamesG1126]

Dude the capitulation was 2020.

[@stephenbush7200]

I think Powell should raise rates again. Don't play with inflation, rather knock it out! Additional we need deflation to bring prices on houses, autos, and other things bought on time to come down to prices where people can afford them at 5% to 7% rates. That is important because 5-6% interest rates are normal. Rates too low creates problems, as it has, and rates too high creates problems, like it did back in the early 80s. When the economy is managed properly and running efficiently 6% interest rates are normal. Rates should always be above the real inflation rate and NEVER below 5% except to temporarily counter a normal down cycle in the economy, or worse as is this case, GROSS mismanagement for many years. Right now we need deflation to bring prices down, and we need inflation to be as low as possible. Also retired people need good interest rates to earn income above inflation on their savings without being forced to put their savings at much higher risk in stocks.

[@yodurk21]

I agree - this is what the Fed should have done. Unfortunately they allowed the Treasury to play games and release a flood of liquidity over the past 18 months that hasn't stopped. If they had stopped that non-sense then inflation would be squashed by now and we'd be looking at the start of a healthy new business cycle on the upside. Instead, we're sitting here wondering why it's stuck at 3% inflation and people are back to buying Dogecoin and Shiba Inu like it's 2020 all over again. They didn't squash the speculative risk hungry mindset of the average investor; I am concerned what this is leading towards.

[@jmcmob608]

Thank you very much...

[@uMOTObikes]

Thank you!

[@robertlehr4702]

Every Oxbow representative speaks fluent Ted Oakley…

[@MrSHLambo]

Yes, but what did the guest actually say? Colourless, being polite.

[@optionfinder3663]

This means that we should invest in energy and oil prior to the bust We know an increase in oil price precedes the recession.

[@thach0x0]

He has no economic views thus he could over diversify his portfolio with cash .No zero sum game .Not sure the strategy adds value our portfolio.Sounds some luck of experience of different cycles .

[@JamesG1126]

Oxbow was saying the same nonsense in the beginning of 2023 right before Nasdaq skyrocketed by 50%.

[@matthewpeschke]

yup. Hedgeye influenced Owbow as well. very poor. Disciplined which is great though. Need to have a process.

[@yodurk21]

My biggest takeaway from listening to Chance and Ted is they don't make predictions. Chance in this interview sidestepped the question whenever Adam asked "what do you think will happen". It's clear they use a value investing approach based on fundamentals, picking strong companies they like with good dividends. It's boring but effective over the long run. They manage wealth for long-term investors and have way too much to lose by chasing manias like NVIDIA and SMCI. It's easy to criticize their approach during times like this, but back in 2022 they looked like geniuses and I'm sure they will again at some point. People are fickle like that.

[@JamesG1126]

@@yodurk21 Why do I need to pay Oxbow 75-100 basis points to buy t-bills?

[@stevee8318]

When the Nasdaq is down 50%, they'll be down 8%. These guys represent wealthy people who want their wealth protected as a first goal.