Anthony Pompliano

In this conversation, he is going to walk through his view of what's happening in financial markets and various assets, and I think it is going to be eye-opening for all of you.

We touch on why he thinks that we're going from a software and financialized world to something that needs many more hard assets in your portfolio.

He recently just put Bitcoin into their portfolio for the first time, and he explains why.

We talk about dollar dominance, the competition between deflation and inflation moving forward,

what's going on on the geopolitical stage, and then we even get into some of the lessons that he's learned from some of the great investors throughout history.

This conversation, again, made me think more critically about my portfolio and what's going on in markets, and I think it'll do the same thing for you.

Here's my conversation with Larry McDonald.

All right, Larry, I thought a great place to start the conversation is you've been talking a lot about this great rotation from kind of financial assets to hard assets, things around the energy infrastructure, et cetera.

What's your thesis as to why people should be considering this?

So one of the things that I think we've seen from these hyperscalers is they previously may have been considered software companies, but now they're going very hard and investing a lot of capex into actually owning physical assets, data centers, compute, etc.,

are they doing that because they understand this from like a financialization standpoint?

Or is that more so maybe from an investor's perspective, you know, have to question, you know, is Facebook a software company?

Or do they own hard assets?

And so Zuck- They're literally willing to risk implosion of their company for the potential to be a major part of this like AGI.

100%.

How do you know if it's worth it or not in the end?

If we get the benefit of hindsight later, what will you look at to say this was worth it?

Now, I don't get the sense that you're buying Facebook stock because you think that they are now all of a sudden like this capital intensive kind of hard asset business.

So what do you see as attractive in the market when you think about this rotation from financialized assets to hard assets?

Okay.