Browse > Home / Markets, PODCASTS, SHOW NOTES / TDI Podcast 108: Commodities and Contrarians

TDI Podcast 108: Commodities and Contrarians

May 11, 2009 12:45 am

Guests: Michael Essany and Bill Fleckenstein discuss commodities, corn and the contrarian take. What will the corn crop do this summer as we may see a terrible planting season and a massive drawn down of the crop from massive ethanol production? We then move to a discussion with Bill Fleckenstein to answer questions that investors want to know… Is it for real? What to invest in if this is a real recovery and what to watch out for….

LISTEN TO PODCAST NOW | LISTEN @ ZUNE - @ iTUNES

—

Sponsored by Audible.com – Get your free audiobook HERE

—

essanyheadshot

In December 2005, A&E Biography named Michael Essany to their celebrated list of “America’s Most Remarkable People.”

Check out his site HERE – pretty cool stuff – Indiana Grain Company

For Essany, a best-selling author, popular columnist, and recognized television personality, this achievement came after years spent in the company of other distinguished media figures.

Essany, who has appeared as a guest or contributor on The Tonight Show, Oprah, CNN, NBC’s Today, CBS News, FOX News, Extra, and Access Hollywood, hosted his own popular interview/reality series entitled The Michael Essany Show for seven years, best known for two seasons on E! Entertainment Television. In 2005, The Michael Essany Show was sold to the BBC in Great Britain, where it became an enormous success and still remains in syndication.

For several years, Essany, an honors graduate of Valparaiso University with a Bachelor’s Degree in political science, has also penned a widely read, popular column for The Times – the second largest daily paper in the State of Indiana.

In August 2008, Michael’s first book “Reality Check” was released internationally through Elsevier (Focal Press imprint) and became a bestseller in its category. Essany is also the author of “Groomology” from SourceBooks (April, 2009), as well as “The Devil Can’t Cook Spaghetti”, scheduled for a spring 2009 release.Bill Fleckenstein

—

Bill Fleckenstein is the president of Fleckenstein Capital, which manages a hedge fund based in Seattle and author of Greenspan’s Bubbles : The Age of Ignorance at the Federal Reserve. He also writes a daily Market Rap column on his Fleckensteincapital.com site as well as the popular column Contrarian Chronicles for MSN Money.

—

Sponsor: Try GotoMyPC free for 30 days! For this special offer, visit www.gotomypc.com/podcast

—

Andrew will speaking at the Money Show – Las Vegas – Watch the session LIVE!
ONLINE at The Moneyshow.com – Wednesday May 13th at 9:00pm ET.

—

Discussion: Banks received concessions of over $100 billion at the last second before the release of the stress test results. See this article from the WSJ and let us know what you now think of the “stress tests.”

—

Interested in investing with The Disciplined Investor Managed Growth Strategy?
See the Virtual Tour HERE !

—

Play

Podcast: Play in new window | Download (38.3MB)

Be Sociable, Share!

Sorry, No Related Posts.

Disclosure: This material is provided for information only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. This material is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters, needs or financial situation, and therefore is not a sufficient basis alone on which to base an investment decision. Horowitz & Company clients may hold positions (long or short) in investments discussed.
Please click for detailed disclosures and additional information about our stock ratings and scoring.

Written by Andrew Horowitz · Category(s) Markets, PODCASTS, SHOW NOTES    |  Tags: • • •   

2 Responses to “TDI Podcast 108: Commodities and Contrarians”

  1. Dave on May 12th, 2009 3:14 pm

    Andrew,
    After podcast 105 the RSS link I was using stopped working, did it change? This is what I was using:
    http://feeds.thedisciplinedinvestor.com/tdicasts

    Thanks,
    Dave

  2. Joe D. on May 14th, 2009 6:05 pm

    Andrew,

    I recently replaced my mp3 player (previous one broke) and just caught up on the podcasts dating back to last November. So, i've got a question for you about hedging. How is hedging different or better than having a larger portion of your portfolio in cash.

    Let's say you have an S&P fund and want to hedge it with a 2x inverse S&P fund – which of course works perfectly. Your bullish, but want some protection.

    So, in the market goes up 10%. You make 10% on the 75% you have in the index fund/etf and lose 20% in the inverse ETF with the other 25%. You just made 2.5%. Similarly if you had 25% of your money in the S&P ETF and and the other 75% in cash you would have also made 2.5%.

    Except that in the cash case – you earn interest rather than pay fees. You also avoid the problems of the inverse ETF being twice the daily movement rather than twice the movement since you bought in.

    I was trying to wait for you to bring up hedging again, but I got impatient…

Got something to say?