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cover of episode Nick Denton's Big Bet Against the United States

Nick Denton's Big Bet Against the United States

2025/3/31
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Odd Lots
AI Chapters Transcript
Chapters
Joe and Tracy discuss the anxieties of the wealthy, highlighting concerns about tariffs, the diminishing role of the dollar, and global diversification. They note a shift in investment strategies as betting on the U.S. may no longer be the only profitable approach.
  • Rich people are anxious about mass tariffs.
  • They are concerned about the reducing role of the dollar in global trade.
  • Global diversification may finally be paying off.

Shownotes Transcript

Legendary media mogul Nick Denton), the founder of Gawker, is done with the US. He’s leaving New York City for good, and moving with his family to the Buda Hills near Budapest. And when it comes to his stock portfolio, he’s done with the US as well. On this episode of the podcast, he tells us why he’s bullish on China, and says that the fall of Elon Musk) may be the biggest business story in the entire world. We also talk about the end of the Atlanticist dream, why European elites are turning so sharply against the US, and his investment approach.Read more: BYD Sales Top Tesla as Tech Focus Wins Over Chinese Drivers)Xiaomi Plans to Expand Beijing EV Factory to Meet Surging Demand)

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