Scott Nations

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580 appearances 1 recordings 1 series first heard Jan 2026 last heard 16 Jan

Scott Nations’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.

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Prof G Markets · Your Brain is the Worst Investor in the Room — ft. Scott Nations · 16 Jan 2026 podcast

stock market.

But one thing that could cause real problems is private credit for a couple of reasons.

It's opaque.

It's huge, and it has the potential to do a little bit like what long-term capital did in the late 1990s.

And that is, if the problems in private credit get big enough—

and again, it's opaque, we don't know how big the market really is, then it could come along and be sneaky dangerous for one of the big pillar financial organizations, whether it's a big investment bank or one of the big commercial banks.

And if that were to happen, then again, we'd have something like what happened with long-term capital.

S&P lost 14% in the month that year.

So I think that's the real risk.

And again, largely because it's opaque.

This seems to be the story that needs a lot more attention in 2026.

I mean, I think that when we look at the possibility of there being a bubble, I compare it to what we saw in 99 and 2000, for example, where there was way more leverage.

on the biggest names.

And so it was a lot more concerning.

Also, the valuations were way higher and way crazier than we're seeing today.

So I'm not that concerned about it right now, to be honest, but...

The part where I do get a little concerned is a lot of the leverage is actually tied up in these private credit firms for which we know almost nothing about.

Like, you know, Meta is building these data centers, and then we saw what happened with Blue Owl, where they're not actually reporting the debt on their own balance sheet.

It's being outsourced to all of these other private credit firms, and we don't really know where the debt even is.

And

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