In this podcast episode, listeners can enjoy a replay of an insightful conversation between Ted Seides and Scott Bessent, a distinguished global macro investor and nominee for the Treasury cabinet. Bessent shares stories from his remarkable 40-year investment career, including his time at Soros Fund Management, launching his own hedge funds, and his distinctive investment philosophy. He explains his approach to global macro investing, focusing on high-conviction ideas, asymmetric risk-reward opportunities, and the need for thorough research and understanding of policy changes. As the interview wraps up, Bessent offers his perspectives on the current market landscape and shares his predictions for the near future, notably his optimistic view on gold and concerns about potential economic turbulence. He also reflects on his role in the famous 1992 short of the British pound orchestrated by Soros.
