Tian Talks Tian Li

Central banks and commercial banks can both create "money". Although, they are different types of money, and have different impacts on the economy...

A wonderful conversation with one of the greatest investors of all time - Howard Marks. 

The consensus believes that inflation is transitory. To be above average, the investor must bet against the consensus, correctly. This video outlines some possible reasons why the consensus bet could be wrong.

Will the high prices of homes, and other commodities become more permanent? If they do not, expect a market crash. If prices maintain, it is unlikely that incomes will keep up, though, rent will likely rise.

War is intrinsically bad for an economy. But large-scale wars seem more and more likely. So how do you position yourself during war?

Interest rates are low. So low that they cannot go much lower. This episode outlines where monetary policy and fiscal policy could be headed in the next recession.