Capital Allocators – Inside the Institutional Investment Industry Jonathan Tepper - Variant Perception of Capitalism (Capital Allocators, EP.110)
Oct 7, 2019
Jonathan Tepper, founder of Variant Perception and author of "The Myth of Capitalism," dives into his unique upbringing influenced by missionary work. He discusses the rise of monopolies in the U.S., specifically within tech giants and various industries, revealing how reduced competition harms innovation and drives inequality. Tepper explores the connection between corporate profits and wage stagnation, and he proposes reforms to improve merger regulations. His insights on economic indicators serve as a guide for making informed investment decisions.
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Contrarian Brazil Call
- Tepper's leading indicators accurately predicted the downturn in Brazil in 2015-2016, despite widespread negativity.
- This allowed for a profitable contrarian investment.
From Indicators to Monopolies
- Tepper's research on wage stagnation and high corporate profits led him to investigate competition.
- He realized a lack of competition allows companies to maintain high profit margins and suppress wages.
The Myth of Capitalism
- "The Myth of Capitalism" argues that a lack of competition, not inherent flaws in capitalism, is the core problem.
- This restricted supply allows companies to exploit consumers and workers, increasing inequality.
