Ep. 124: Diego Parrilla On High Inflation, Anti-Bubbles and the Problem with Stop Losses

Diego is Managing Partner at $1.8b Quadriga Asset Managers. Prior to joining Quadriga in Madrid in 2017, Diego worked in London, New York, and Singapore for two decades and held senior leadership roles across macro commodity markets at JP Morgan, Goldman Sachs, Merrill Lynch, BlueCrest Capital, Dymon Asia, and Old Mutual Global Investors. Diego is best-selling co-author of ‘The Energy World is Flat’ (Wiley, 2014) and author of ‘The Anti-Bubbles’ (BEP, 2017).  Diego has a MS Mineral Economics from Colorado School of Mines, MS Petroleum Economics and Management by the French Institute of Petroleum in Paris, and MS Mining and Petroleum Engineering by the Madrid Polytechnic School of Mines. In this podcast we discuss:

1. The definition of an ‘anti-bubble’
2. Monetary and fiscal policy without limits
3. Why inflation is higher than you think
4. Frogs boiling in water and abrupt changes in inflation
5. Japan’s money printing
6. Impact of recession on markets
7. Stagflation future
8. Getting your defense right in your portfolio
9. What diversification is
10. The right asset allocation for stagflation
11. How to use options effectively
12. Why stop losses are not ideal
13. How to think about correlations
14. Thoughts on crypto
15. Books mentioned: Real options, Fooled by Randomness (Taleb), The Poker Mindset (Hilger)

You can follow Diego on LinkedIn and Twitter.

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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)