Michael Green | Taking Advantage Of Topsy-Turvy Market Dynamics (Hedgeye Investing Summit)
**This originally aired as a video webcast live on Hedgeye.com on March 16, 2020**This is an exclusive "Hedgeye Investing Summit" interview between Michael Green, Portfolio Manager at Logica Capital Advisors, and Hedgeye CEO Keith McCullough.
The SPAC Boom Apex, Market Memes, & the Biggest Opportunities in Tech (w/Josh Wolfe & Michael Green)
Real Vision: Finance, Business & The Global Economy
The Interview. Because of their favorable structure, SPACs have become the vehicle of choice for founders and venture capitalists to bring private startups to the public market—even with the explosion of SPACs in 2020, we are already on record setting pace in 2021. In this interview with Mike Green of Logica Capital, Josh Wolfe of Lux Capital breaks down exactly why the SPAC structure is so favorable and argues that the knock-on effect of an M&A boom will produce the modern equivalent of the AOL-Time Warner acquisition, signaling that the top is in. Wolfe and Green also discuss Wall Street Bets and the current meme driven market, Josh's prediction of an "Occupy the Fed" movement, and the biggest opportunities in tech that he and Lux Capital are invested inRecorded on January 28, 2021.Key Learnings: SPACs have a favorable structure that makes raising cash so easy that it will encourage rampant M&A, which will eventually result in the mega-deal, signaling the top of the market. Crypto and Wall Street Bets are emblematic of outrage that Josh Wolfe believes will result in an "Occupy the Fed" movement and retroactive regulation. At the moment, Josh Wolfe and Lux Capital are focused on the technology behind scientific advancement and the emerging space economy as their big bets. Learn more about your ad choices. Visit megaphone.fm/adchoices
Measuring progress with Michael Green & a Portas round table
The Kindness Economy
Michael Green is CEO of the Social Progress Imperative - an organisation that’s helping national and local government accurately measure what life is like for ordinary people. It’s a fascinating move towards measuring more than just money and ensuring the wellbeing of people is maximised. Plus, Mary chats with two of her key Portas people about what they’ve learned from working with businesses to implement the Kindness Economy, and their hopes for its future. To purchase the Kindness Economy Report, click here: https://portasagency.com/the-kindness-economy-report/p/the-kindness-economy To get in touch with team Portas, email us at: email@example.com Want subscribe to the Portas POV Newsletter for musings, provaction insights and inspiration? Click here: http://eepurl.com/dgJfwL Want to keep up-to-date with all things Portas? Follow us here: Instagram: www.instagram.com/portasagency/ Linkedin: https://www.linkedin.com/company/portas Twitter: https://twitter.com/portasagency?s=20
The Architecture of Healing with Michael Green + Natalie Telewiak
Design and the City
Michael Green and Natalie Telewiak love wood. These Vancouver-based architects champion the idea that Earth can, and should, grow our buildings--or grow the materials we use to build them. They are the principals of Michael Green Architecture, or MGA, and have made it their mission to tackle world housing and climate change by harnessing the power of timber, which they call “the most technologically advanced material we can build with,” to sequester carbon, to accelerate construction and reduce local disruption, and to create spaces that foster more holistic well-being in our built environments. In this episode, Michael and Natalie dive deep into the ethos behind their design and material choices in some of their standout projects, like the Ronald McDonald House of British Columbia and Yukon, with reSITE founder, Martin Barry. They weigh the advantages and limitations of mass timber construction and dissect the complex nuances faced when striving for true sustainability. One could argue, what is sustainability without community? Without affordability? Without connection? As pillars of MGA’s practice, it is the combination of these factors that render their work both remarkable and mindful. Their projects are rooted in the local ecosystem and designed for inhabitants to build connections to nature and to each other. — Design and the City, is a podcast produced by reSITE about the ways we can use design to make cities more livable and lovable. reSITE is a global non-profit and platform connecting people and ideas to improve the urban environment. We work at the intersection of architecture, urbanism, politics, culture, and economics, acting as a catalyst for social action and innovative leadership. We encourage the exchange of ideas about making cities more livable, competitive, resilient, inclusive, mobile, and designed with humans in mind to protect and public space, architecture, and sustainable development in cities. Learn more at www.reSITE.org Join reSITE's Newsletter This podcast was directed by Elizabeth Mills and produced by Alexandra Siebenthal, with support from Martin Barry, and Radka Ondrackova as well as the support of the Czech Ministry of Culture and Nano Energies, and edited by LittleBig Studio.
The Interview - Why China Will Avoid Crisis by Any Means Necessary w/ Chris Balding and Michael Green
Real Vision: Finance, Business & The Global Economy
Asia | China | Europe | GeoPolitics | Macro TechnologyAfter years living abroad in China and Vietnam, professor Chris Balding has returned to the U.S. because of concerns for his safety due to his role in exposing the data collection operations of Shenzen Zhenhua Data Technology. In this interview with Michael Green of Logica Capital Advisors, Balding lays out the initial findings from his expository research and updates viewers on the current state of affairs in China. Together they examine geopolitical tensions between China and the rest of Asia as well as China’s current relationship status with Europe and Russia. They also help viewers make sense of what is happening on the Chinese homefront and the macro factors driving capital flows into the country. Filmed on September 15, 2020. More information about the Chinese data gathering operation described in the interview can be found here: https://rvtv.io/33Cmxd7 and https://rvtv.io/3ktuDvg Learn more about your ad choices. Visit megaphone.fm/adchoices
#34: Michael Green On Detecting The Greatest Value In Markets Today
Superinvestors and the Art of Worldly Wisdom
Mike Green has been in the right place at the right time for his entire investment career and not just by way of good fortune. Mike has an uncanny knack for finding value in the markets. After jumping into the small cap value game in 1999 and taking advantage of one of the best runs for value as a factor in history he moved on to explore opportunities in hedging via derivatives in 2006, just prior to the Great Financial Crisis. Shortly thereafter, massive mispricings in the option market driven by the sudden popularity of tail hedging strategies gave him a new source for profit. Then, well prior to the volmageddon episode of early-2018, he became aware of the fragility created by the increasingly crowded short volatility trade and designed a strategy to profit from its demise. As his track record demonstrates, Mike is one of the most insightful market detectives in the world and in this conversation he reveals where he finds the greatest value in the markets today. For notes and links related to this episode visit TheFelderReport.com.
ReSolve Riffs with Michael Green on Market Reflexivity
Resolve's Gestalt University
This is “ReSolve’s Riffs” – live on Youtube every Friday afternoon to debate the most relevant investment topics of the day. His hypothesis on the adverse effects of passive investments in market behavior has catapulted him into the spotlight, but that’s just the tip of the iceberg. Earlier this year he became one of our most popular podcast guests; this time Mike Green (Logica Capital) returned with guns blazing. In a less formal and less constrained happy hour conversation, we discussed: Logica’s long-volatility strategy and use of options for different exposures What an end game might look like if the drive towards passive continues unabated Inflation, interest-rates and MMT How Buffett sometimes plays a version of liar’s poker with the market Covid, the economy and a possible paradigm shift A golden age for impostors and the benefits of being too big to fail The conversation branched into demographics, philosophy and history, including a re-examination of the 1970’s stagflation – for which Mike offered an alternate interpretation (and broke an icon or two along the way). Thank you for watching and listening. See you next week.
Michael Green – Global Macro Series – 4th August 2020
Top Traders Unplugged
In today’s episode, we are joined by Michael Green, of Logica Capital advisors. Michael has over 20 years as a portfolio manager, mainly in the global macro space. Recently he has become well known because of his work on the shift to passive investing, and inevitably this was one of the topics we wanted to ask Mike about. Our conversation wasn’t limited to that however, and we also discussed comparisons between the present day and previous historical crisis (going back to the Roman Empire!), as well as many other interesting subjects. Topics Discussed in this EpisodePassive investingETFs and target date fundsIntergenerational inequality“(The) growth of passive is now basically built into the system. From a regulatory framework, all the new money that comes into the U.S Savings and Investment accounts (primarily in the form of 401Ks and IRAs), are coming in passive vehicles.”Real interest rates over historyMean reversion and momentumNegative interest rates“I think negative interest rates are absurd and that they're a view that I articulated back in 2015 and is now, I think, increasingly accepted that they're ultimately harmful to the banking system. They create a tax on the banking system.”Leverage: recourse vs no recourse (limited liability)“I think another component that people generally under-appreciate is that while we all complain about leverage and we complain about the high levels of debt, the flavor-de-jour of how we solve this is something like risk parity which says, "OK, let's lever our portfolio 10X in the fixed income space, and let's add..."MMT“MMT is right but it offers almost no prescriptions for how that money should be spent. So, by handing it over to the politicians, we're at least in a situation where you could see outcomes of how that money gets spent that we have never predicted.”Yield enhancement strategies LinksCatch up with Michael and learn more about his work:LogicaFollow Niels, Moritz, Rob on Twitter:Niels Kaastrup-LarsenMoritz SeibertRob Carver Subscribe on: Full TranscriptThe following is a full detailed transcript of this conversion. Subscribe to the podcast to get access to all of our transcripts as eBook downloads! MichaelIf I’m running a discretionary program and that’s going into some form of a structured product (and this doesn’t happen for precisely this reason), if I choose to do something that is different than I would have done historically, then the results of that product could be very different than I have advertised them for and I’d become liable. So, I’m forced into a quantitative system. That's actually part of the reason why I partnered with Wayne is that I realized that until the rules change there is, actually, no substitute to a documented quantitative process.NielsFor me, the best part of my podcasting journey has been a chance to refine my own investment framework through a series of conversations with extraordinary investors in every corner of the world. In this series, I along with my co-hosts, Robert Carver and Moritz Seibert, want to continue our education by digging deeper into the minds of some of the thought leaders when it comes to how the world economy and global markets really work to try and learn how they think.We want to understand the experiences that have shaped them, the processes they follow, and the historical events that have influenced them. We also want to ask questions outside our normal rules-based playground. We're not looking for trade ideas or random guesses about an unknown future but rather knowledge accumulated over the course of decades in the markets to try to make us better-informed investors and we want to share those conversations with you.Our Guest today is one of few real independent thinkers and a student of markets and market structure and, perhaps, the leading mind when it comes to how the growth of passive investing is changing markets in a way that few people realize. So,
Investing in the Upside Down: Logica’s Michael Green Describes Why Passive Flows Corrupt Market Structure and How to Profit (EP.16)
Resolve's Gestalt University
In this wide-ranging discussion, Logica's Mike Green describes a mosaic of ways to "seek out a straddle", and reveals new data and analysis to help flesh-out his thesis on the growing importance of systematic passive flows to U.S. stocks. Mike makes a persuasive and disturbing case for how a series of regulatory changes driven by economic and political objectives have corrupted the equilibrium and signaling mechanisms of modern markets, and offers a framework, with specific examples, on how to position for a market environment that few currently expect. Adam challenges Mike on a number of conjectures but Mike rises to the occasion with novel analysis and counter-intuitive interpretations bolstered by a variety of charts, tables, and illustrations. Trust us – this episode will challenge almost everyone's beliefs and is not to be missed.