What Your Broker Won't Tell You (w/ Jared Dillian) | Tony Greer Interviews

Tony Greer, founder of TG Macro, sits down with Jared Dillian, author of a market newsletter called “The Daily Dirtnap.” Greer and Dillian discuss monetary policy, portfolio construction and the dirty little secret your broker won’t tell you. Dillian also sheds light on his shifting focus from institutions to retail investors. Filmed on March 15, 2019 in New York. Watch more Real Vision™ videos: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Watch more by starting your 14-day free trial here: https://rvtv.io/2HeuKco The Interview: The smartest minds in finance sit down for incredibly deep-diving discussions. Peer-to-peer conversations between the rock stars of the financial world. About Real Vision™: Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™. Connect with Real Vision™ Online: Twitter: https://rvtv.io/2p5PrhJ Instagram: https://rvtv.io/2J7Ddlw Facebook: https://rvtv.io/2NNOlmu Linkedin: https://rvtv.io/2xbskqx What Your Broker Won't Tell You (w/ Jared Dillian) | Tony Greer Interviews https://www.youtube.com/c/RealVisionTelevision Transcript: For the full transcript: https://rvtv.io/2HeuKco Every day, it was like Grand Theft Auto. You're in this, like, multiplayer video game, and you're just getting bombs dropped on your head every day. The idea is to build a portfolio that has a better Sharpe ratio, that has smaller drawdowns so you can stay invested over time. Stress is a big issue for people. And what causes stress with people? Debt causes stress and risk causes stress. It is pointless to short bonds. Right. And this is coming from somebody who was really bearish on bonds and kind of wrong for a long time. Hi. This is Tony Greer of TG Macro. We are going to interview Jared Dillian for Real Vision. We're going to talk about his early days at Lehman Brothers, we're going to talk about his second professional act as a financial author and journalist, and we are going to talk about global markets. I'm excited to get started. I'm excited to be here with my good friend and inspiration, Jared Dillian. Jared is the editor of The Daily Dirtnap. Jared is a contributor to Mauldin Economics, Bloomberg, and Forbes. Jared spent nine years on Wall Street, two years at the pea coast, seven years at Lehman. He has authored two amazing books. Street Freak is one of them, and the second one is All the Evil of This World. He is an adjunct professor at Coastal Carolina, and one of the most knowledgeable people that I know about markets. So let's start digging in, Jared Dillian. Thanks for coming on the show today. What's up?