Hedgeye Podcasts Hedgeye Investing Summit Fall 2024 | Murray Stahl, Chairman, CEO, CIO, Co-Founder, Horizon Kinetics
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Oct 23, 2024 In this engaging discussion, Murray Stahl, a seasoned expert in inflation and hard asset investing, delves into current inflation trends and their historical contexts, linking them to global economic shifts. He critiques the disconnect between elites and everyday Americans regarding inflation issues and explores strategic investments in resources like gold and natural gas. Moreover, he discusses the intricate relationship between money supply and inflation, highlighting the potential of cryptocurrencies, especially Bitcoin, as a hedge against rising prices.
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Entitlements and Inflation
- Entitlements and deficits contribute significantly to an inflationary environment.
- These factors, coupled with the Fed's actions, create upward pressure on prices.
Shift to Tangible Assets
- A shift back towards tangible assets is anticipated as the current market is overweighted in intangible assets.
- This rebalancing will likely disrupt equity markets.
LandBridge and Water
- LandBridge, a new holding, owns land in the Permian Basin with significant water resources.
- This positions them well for data center development, requiring both land and water.