I'm still buzzing from yesterday's podcast episode with Angus Fletcher, professor of mushrooms...hope you have time to check out our Hedge Fund Masterclass -Creativity
It's on all the podcast platforms.
Post your feedback here...or on my instagram page for hughhendryofficial
I'm indebted to Angus for expanding my library of nonsense terms; I feared it was running empty from overuse...but now I'm ready to cast off again into a world of new adventures. I'm a narrative warrior. Yes, my PLAN A's are often wrong...
But my domain typically demands that I operate in low data environments. The WAR of the future has no observation points just chaos and emotion. AND exceptional info, aka the exception-to-the-rule, feeds my imagination battalions; keeps them marching forward.
The glory of the rogue point ! The first sign of emergent threats or opportunities. We evolved to respect such info but modernity has almost wiped the slate clean. Smart people today live in fear of the rogue point. We register < 1pc of all the exceptional information; shame.
Practice identifying change rather than mastering daily routines because our fake "new" system is gonna smash and when it does you're gonna need to un-logic your thinking to survive and prosper

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More from @hendry_hugh

17 Dec
This week we have a Shared Confession on YouTube and the podcast platforms.Former macro hedge fund manager, Hugh Hendry (me...), is joined by Dr. Angus Fletcher (Phd, Yale), a neuroscientist and professor of Shakespeare and all round really smart and entertaining dude
Angus rocks ! His latest book, Creative Thinking, was written especially for US special operatives engaging with live risk. We discuss the carry over principals for all wannabe hedge fund investors. This is hedge fund bootcamp for narrative warriors.
Read 8 tweets
11 Dec
Hmm...where was I ? Such a busy night. I did a fun video with the one-and-only @GeorgeGammon and now this...
Yeah, so it's not the 55 m empty housing units nor the end of China's mega trends, NO, it's the 93 million properties currently under construction !!! Now I don't care how Confucius super smart you are, that's a whopping problem. That's inter galactic. That's friggin bonkers
China's "real" housing demand is reckoned to be 7 m units p.a. Put another way, China is presently constructing 20x the no. of homes that will be necessary for 2030...How do you like them cliches..?
Read 21 tweets
11 Dec
Who is Hugh Hendry?
Ok its Friday and I got another YouTube podcast ready to publish with @ToStRo
@ToStRo wrote a brilliant thought piece on China. I'm going to give you the punk rock version but you should tap him up for the original; its really good.
Read 26 tweets
24 Nov
I managed to shoot a new chat with @ToStRo using what many may assume was a potato for my photo lens. The audio is ok but the 240 pixelation is torturous. And its filmed in my temporary accommodation on my construction site with no running water or a/c.
It doesn't look good. I was going to walk away and not publish it on Youtube. Truth be told, this video is uncomfortable. My lifestyle is presently uncomfortable. The way I dress is hmm...let's just say I don't look good. I'm not diss'ing you. I'm trying to show you the future
That's what the future looks like. Its not all gift wrapped, clean and ready to be delivered into your inbox. Rather, its challenging and uncomfortable; few are willing to embrace it. The hard truth is that the future can be ugly...our future almost certainly is gonna be ugly
Read 26 tweets
3 Nov
Someone asked me about fiscal conservatism being a boon for GBP? Makes me think of the DJ refrain, You gave me a cassette ?? We don't play cassettes no more baby...let me explain. But first we got to behold the v long term chart of Sterling v the $
Little good comes from applying pro cyclical policies in a silent depression. Imo GBP and fiscal conservatism -real or fancied - just downright boring - the GBP level is tantalising - it took a real beating - but currencies don't have value, just levels...
Read 7 tweets
3 Nov
I guess with the google search boom in stagflation and useless fin media stagflation print pieces it was inevitable that someone would opine "Not sure we get runaway inflation but worse stagflation and tax increases are still really bad"
They are indeed. But a big part of what I'm saying is that this scenario happened 50 y ago after the global economy had finally deleveraged from 1932 and debt to gdp had troughed - that's an accommodating climate for your stagflation fears but less so today...
Today, policy mistakes tend to be pro cyclical and accentuate the disdain for commercial risk and reinforce the desire to accept zero or negative prospective returns in order to enjoy the security and benefits-in-kind that flow from risk less T bills
Read 7 tweets

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