UPTHINKING FINANCE Emerson Fersch

Inflation continues to rise. Interest rates are at 30-year highs. Gold is at all-time highs. There’s geopolitical conflict and confusion everywhere. Yet most global equity markets continue to go up. Where do you turn to get rational analysis, advice, or opinions? 
Today’s guest brings three decades of experience to the equation. Charles Heenan is the Co-Investment Director at Kennox Asset Management. He’s adopted a distinct value approach to global investing over the last 30 years. He shares some insight into global investing (and why it’s important to diversify internationally) in this episode of UPThinking Finance™! 
You will want to hear this episode if you are interested in...Learn more about Charles’ equity firm: Kennox [2:27] How things have evolved since the 90s [9:07] A perspective from the other side of the ocean [12:13] The impact of global debt on global economies [15:23]Diversification and trusting the process [20:59] The Kennox approach to global investing [25:55] Many investments require patience [31:32]How Kennox conducts global research [40:43] How instinct plays a role in decision-making [43:25] 
Charles Heenan is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.
Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.
The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. 
Resources & People MentionedThe Price of Time: The Real Story of Interest by Edward Chancellor
Connect With Charles Heenanhttps://kennox.co.uk/
Connect with Emerson FerschCapital Investment AdvisersOn LinkedIn
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Kevin Flanagan started his career as a Fed watcher i.e. money market economist working on the trading floor. As a fixed-income strategist, he looks at things from a broad perspective because numerous things impact the bond market—economics, geopolitics, elections, etc. All play a role in how the bond market and interest rates are developed. 
He found it fascinating that you could look at the past and present to gain insight into the future. Kevin joins me in this episode of UPThinking Finance™ to shed some light on this confusing topic. 
You will want to hear this episode if you are interested in...The “new” old-rate regime [1:59] When the Fed’s role shifted [8:36] Politics playing a role in policy [14:51] Current impacts on inflation [16:55] The impact of foreign money [21:55] What will happen with US debt? [24:50] The performance of the municipal market [28:40] Where Kevin sees the bond market headed [30:45] The connection between the 10-year and gold [32:47] How Kevin got into the fixed-income arena [35:02]
Kevin Flanagan is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.
Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.
The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. 
Connect With Kevin FlanaganWisdom TreeBasis Points PodcastFollow on Twitter
Connect with Emerson FerschCapital Investment AdvisersOn LinkedIn
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This episode marks the second anniversary of UPThinking Finance™. Alex Krainer was our guest for our first anniversary, so it made perfect sense to invite him back again. In this episode of UPThinking Finance™, he speaks on both financial topics and the ever-changing geopolitical landscape. 
You will want to hear this episode if you are interested in...The turmoil in the financial markets [2:02]How does this thing blow up? [6:45] Is a black swan event going to happen? [9:56] Will the Fed eventually lose its power? [15:09] Numerous countries are united in a hatred of the US [17:11] Why it’s time to find a different way [23:58] How Alex would overhaul the financial system [26:34] The current social arrangement doesn’t work [36:51] 
Alex Krainer is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.
Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.
The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. 
Connect With Alex Kraineralexkrainer.substack.com/Connect on LinkedIn
Connect with Emerson FerschCapital Investment AdvisersOn LinkedIn
Subscribe to Upthinking Finance
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Our thoughts and ideas are being molded through the clever use of psychology. Our enemies aren’t generals and admirals but behavioral scientists and psychologists. They know how the brain operates and how to manipulate it. 
In 2010, after years in the music industry, DJ Mark Devlin underwent a “conscious awakening.” He started to study the mainstream music industry and how A-list artists have been used to manipulate and mind-control the masses. 
In 2016, He published “Musical Truth: Exposing the Mind-Control Manipulations of the Corporate Music Industry.” We discuss how humanity is being manipulated through music and popular culture in this fascinating episode of UPThinking Finance™.
You will want to hear this episode if you are interested in...Mark’s awakening about the music industry [5:32] The history of manipulation [20:37] What music isn’t manipulated? [28:35] What is the price of fame? [34:52] We have the power of choice [40:41] Mark’s upcoming tour in the US [43:00]
DJ Mark Devlin is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.
The opinions expressed in this material do not necessarily reflect the views of LPL Financial.
Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.
The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. 
Resources & People MentionedThe Cause & The CureThe Sound of Freedom
Connect With DJ Mark DevlinMark’s websiteOdyseeMusical Truth
Connect with Emerson FerschCapital Investment AdvisersOn LinkedIn
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The media is completely disconnected from reality. We’ve all known it for a while. The challenge becomes—if we don’t trust the news—where do we source information? How do we filter it? How do we discern the truth? 
When did spreading propaganda begin? When did the news become a source we could no longer trust? Michelle Stiles wrote the book, “One Idea To Rule Them All: Reverse Engineering American Propaganda,” to answer these questions. It’s written to expose the realities of the world we live in, in terms of the role of propaganda and manipulation. Don’t miss this eye-opening conversation. 
You will want to hear this episode if you are interested in...What propelled Michelle to study propaganda [3:34]George Creel’s WWI propaganda [6:57] Le Bon: The origins of mass persuasion [10:47] Bernays: The idea of stagecraft [13:45] The infrastructure of belief [16:35] Why do we trust the propaganda? [23:37] Deconstructing what we’ve been told [30:25] Michelle’s research on the American Red Cross [37:47]
Resources & People MentionedThe Crowd: A Study of the Popular MindPropaganda by Edward BernaysThe Four Agreements: A Practical Guide to Personal Freedom
Connect With Michelle StilesMichelle’s website: Smart SheepeGet the book and study guideOne Idea To Rule Them All: Reverse Engineering American Propaganda
Connect with Emerson FerschCapital Investment AdvisersOn LinkedIn
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If there was ever an industry where history repeats itself, finance is at the top of the list. Russell Napier has worked in investing for over 30 years. He’s written exceptional books, including “The Anatomy of the Bear” and “The Asian Financial Crisis.” He’s the Founder and Course Director for the Practical History of Financial Markets, an online course at the Edinburgh Business School. 
In 2014, he founded the charitable venture, “The Library of Mistakes,” a business and financial history library based in Scotland with branches in India and Switzerland. They recently threw their “Mistake of the Year Awards.” Listen to our conversation to learn from the mistakes that were made so that history doesn’t have to repeat itself. 
You will want to hear this episode if you are interested in...Learn more about the Library of Mistakes [1:57] 4The Mistake of the Year Awards nominations [8:42]How quickly money can be lost [11:05] European governments backing pensions [13:09] The rapid decline of Farfetch [15:49] 3rd Place: Credit Suisse [19:33] 2nd Place: FTX [25:46] 1st place: The Silicon Valley Bank [32:33] The lessons learned from great mistakes [42:45]
Russell Napier is not affiliated with or endorsed by LPL Financial or Capital Investment Advisers.
Emerson Fersch is a registered representative with and securities and advisory services are offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC
The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. 
Resources & People MentionedThe Mistake of the Year AwardThe Library of MistakesThe Library of Mistakes PodcastsThe Psychopath Test: A Journey Through the Madness Industry
Connect With Russell NapierConnect on LinkedInThe Solid Ground Newsletter
Connect with Emerson FerschCapital Investment AdvisersOn LinkedIn
Subscribe to Upthinking Finance
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