Paul Podolsky

Paul Podolsky

Paul Podolsky is an investor and the author of Raising a Thief. For 20-plus years, he worked on Wall Street, most of the time with Bridgewater Associates. https://www.paulpodolsky.com

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Latest from Paul Podolsky

The View | Why bitcoin remains an investment risk and a currency puzzle

With saving and investing, for most people, it’s best to stick to simple assets with easily understood characteristics. Bitcoin does not meet that test and there is also a regulatory risk.

With saving and investing, for most people, it’s best to stick to simple assets with easily understood characteristics. Bitcoin does not meet that test and there is also a regulatory risk.

12 Apr 2021 - 6:45AM
Macroscope | How the real cost of any US-China conflict will be felt for years in lost productivity

When geopolitical tensions spill over into violence, productivity plummets and wealth is destroyed. Nationalism and negative views of China are rising worldwide, and any shift from the status quo could destroy productivity for decades to come.

When geopolitical tensions spill over into violence, productivity plummets and wealth is destroyed. Nationalism and negative views of China are rising worldwide, and any shift from the status quo could destroy productivity for decades to come.

18 Mar 2021 - 1:50AM
The View | How tech reform and infrastructure spending can shape the Biden administration’s future

Infrastructure spending can create jobs that will lift salaries and not require a college education, so the Biden administration should be pushing for much larger commitments than are on offer right now.

Infrastructure spending can create jobs that will lift salaries and not require a college education, so the Biden administration should be pushing for much larger commitments than are on offer right now.

4 Feb 2021 - 5:59AM
Macroscope | As America heals its rifts, the clues to policy shifts can be found in market prices

Policymakers need to bring the Balkanised information process to heel and quietly redistribute wealth. Telltale market signs include Facebook stock underperforming and the Fed buying long bonds.

Policymakers need to bring the Balkanised information process to heel and quietly redistribute wealth. Telltale market signs include Facebook stock underperforming and the Fed buying long bonds.

31 Dec 2020 - 2:15AM
Macroscope | As Joe Biden takes over as US president, should investors bet on American or Chinese stocks?

While the risk of an institutional breakdown in the US has diminished, China’s opening of its capital markets and the promise of better relations with the US bodes well for its stocks.

While the risk of an institutional breakdown in the US has diminished, China’s opening of its capital markets and the promise of better relations with the US bodes well for its stocks.

10 Dec 2020 - 4:03AM
Macroscope | Is the US in danger of Japanese-style deflation – and what does this mean for investors?

For investors, deflation means that currently popular assets, such as tech stocks, could underperform cash and long-maturity Treasuries, a lesson Japanese investors have had to learn.

For investors, deflation means that currently popular assets, such as tech stocks, could underperform cash and long-maturity Treasuries, a lesson Japanese investors have had to learn.

29 Oct 2020 - 5:26AM