On today’s show, Robert Leonard chats with Raoul Pal to discuss the macro environment, NFTs, crypto, and bitcoin. Raoul Pal is a co-founder of Real Vision, has run a successful global macro hedge fund, co-managed Goldman Sachs’ hedge fund sales business in Equities and Equity Derivatives in Europe, and helped design the BBC TV program Million Dollar Traders, training participants in investment and risk management strategy. Raoul now lives in the Cayman Islands, from where he manages Real Vision and writes for The Global Macro Investor, a highly regarded original research service for hedge funds, family offices, sovereign wealth funds, and other elite investors. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:02 - Raoul’s experience at BBC and creating Real Vision 07:02 - What are the 3 phases of a crisis and which phase are we currently in 17:37 - What financial experts mean when they say the “government is printing money” 20:45 - What ‘death of the macro environment’ means 26:27 - With the fall of the macro environment, is this something that new investors should be worried about or should they focus on the basics first? 34:40 - Raoul’s opinion on Traditional Value Investing 38:02 - How Raoul’s opinion changed from just having a small amount of crypto to a large amount specifically, Bitcoin 39:55 - What other fellow macro-experts think about crypto and Bitcoin 40:56 - What other coins, other than Bitcoin and Ethereum have a potential to succeed 48:27 - Whether it’s possible for the government to outlaw crypto 54:03 - What are NFTs and Raoul’s view as a potential investment case Subscribe to Millennial Investing podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM To access our show notes, courses or forums, go to https://www.theinvestorspodcast.com/millennial-investing/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ADDITIONAL INVESTING RESOURCES: Intrinsic Value Assessments: https://youtube.com/playlist?list=PL_xlkwLDH1F83cEZmzT-ZfCWcxpEzKQr- Millennial Investing Explained: https://www.youtube.com/playlist?list=PL_xlkwLDH1F-NVcnR47rMkT0ByTWQBvBf We Study Billionaires: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU Bitcoin Fundamentals: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ Millennial Investing: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W Real Estate 101: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn Asset Allocation Course: https://www.youtube.com/playlist?list=PL_xlkwLDH1F9coxc1aExB8xbw9daFDF6P ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist Have a question? Get your voice heard on the show: https://www.theinvestorspodcast.com/your-questions ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.