I do sometimes marvel with pride at what've been built with @RealVision and where its all going. Big plans a foot, as ever.
I mean on what other media in the world do you get this:
A shirtless @hendry_hugh in an alley beside his house, in St Barth, eating lunch (messily) while interviewing a less well-known but absolutely legendary bond trader.
And at the same time creating on screen magic
A smart, engaging, funny, intellectual, authentic conversation where everyone goes down the deep learning journey with Hugh.
This is a million miles from what anyone else is doing in financial media.
Yes, we have our own talented interviewers, most aren't camera trained, or fit any definition of "presenters".
They are all authentic and they are all smart and inquisitive. What you see is what you get...real people with a passion for RV.
But the big piece of Real Vision magic is that we do peer-to-peer interviews. They pretty much don't exist elsewhere in the media. It's deemed threatening to the star "hosts" or the founders, and is not "controllable."
That's the point!
Natural, irreverent, intellectual, authentic content is still rare in media.
But in this world, it should be ALL about the content of all types, the learning journey for everyone. And we actively encourage different people to take us on those journeys.
Disruption in media is NOT about moving to zoom interviews.
Disruption is about challenging EVERYTHING to create a new, magical and valuable experience for your members.
New media is ALL about your members.
It's all about community and two way dialogue. Not just a podcast or a video and a few tweets with your audience.
The Exchange, our new community platform, is going to be hugely disruptive, I think.
It is nascent but is developing fast.
Now our members, our RV team, our interviewers, our interviewees and our research providers all mix and SHARE ideas.
This is massively empowering for all and it's powerful too.
The future is happening, organically, from the ground up...
The Exchange is the world of traditional B2C media communities meeting C2C (user content) in a super expert network based on the incredible hive mind.
Just look at the "How I use Real Vision" section of The Exchange...
Our members made nearly 200 videos to help other members and newbies!!
Let's talk about the Crypto Waiting Room... many key part of the crypto ecosystem are in the waiting room ready to launch. Let's look at a few (you will have yours too...)
Total3 - Ex- BTC and ETH...ready to launch from the waiting room. 1/ ...
OTHERS (Outside of Top 10... purest form of Alts season where all shit rises). Still in the waiting room but longer to launch...
Crypto is still feeling the tightening in liquidity from the stronger dollar and higher rates in Q4 2024. That is almost done and financial conditions are easing fast and M2 is headed back to new highs. This is just a regular correction... 1/
We had the exact same correction in 2017 caused by the same reaction to Trump policies (higher dollar and higher rates which then reversed). 2/
Over time, we just keep climbing the log regression channel. Whether we stay at the man (red) or climb above it by another standard deviation or two remains to be seen as the cycle develops.
We are very close to being in the Last Chance to Add Zone in crypto. The next step should be the memes breaking out and after that there is nothing to do but wait to take lifestyle chips off the table.
These are the three most important charts in Global Macro, along with Crypto - from this months Global Macro Investor publication:
1. Demographics are destiny. GDP slows over time as size of labour force shrinks.
2. Government Debt to GDP ratio is just a function of the working population. It offsets the weak growth and pays for the compunding interests on the debts. This is THE most important chart in macro.
3. That debt is serviced via debasement via liquidity increases over time.