Panic with Friends - The Year Ahead and The Next Bull Market

In this episode I sit down with my producer Knut Jensen to take a look ahead as we turn the calendar to 2023. Knut’s panicked about his portfolio, and we sift the current landscape to find some reasons to be optimistic, though I’m not even sure I want to look back at 2022 – everything made sense, and nothing made sense. The biggest story happened towards the end; that was crypto and fraud. But my job here at Panic with Friends is to keep talking to really smart people and stay an inch ahead, a week ahead, a month ahead of where the trends are. We have to get back to the fundamentals, pick ourselves up and push forward into the new year. So it’s a good time to turn the page, clean things up, and start fresh.

Listen to this episode from Panic with Friends - Howard Lindzon on Spotify. Today’s guest is a master of the markets. I’ve been following her work since the start of TheStreet.com. To say she’s a fan of the markets is an understatement. Helene got started in the markets in 1982 at Cowen and Co and then moved on to Goldman Sachs where she was their first ever technical analyst. And she learned early on that if you're going to work at Goldman you're going to put your money where your mouth is. Today she’s a mentor to thousands, if not tens of thousands, of people that like to think clearly about the markets and learn about technical analysis and price and sentiment – all the things that make markets work. The stories are fantastic – the weird dynamics you have to deal with when running people's money, being an analyst, and building stock charts by hand – she’s a legend with a great sense of humor. You can find her on FinTwit talking about all this stuff every day. Guest - Helene Meisler, Financial Markets Analyst and Columnist for RealMoney.com howardlindzon.com, RealMoney.com, realmoney.thestreet.com Twitter: @howardlindzon, @hmeisler, @realmoney, @PanicwFriends, @knutjensen linkedin.com/in/helene-meisler-4a783153 #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: Introduction. (00:42) Welcome Helene. (03:21) Helene lands on Wall Street in 1982. (05:02) Becoming a market technician by working with a mentor. (07:55) Are you a technical analyst, or just a chart reader? (11:30) There's no "one" correct way - her style might not work for you. (12:42) Moving to Goldman Sachs. (13:56) The General Motors $GM trade. (15:20) Calls that shook her confidence. (20:35) Entering a Bear Market in 2021. (25:15) Tops and Bottoms aren't built in a day. (27:16) Working with Jim Cramer. (27:41) Reacting to "V" bottoms in the market. (30:48) Helene's typical day as a market technician. (33:26) The pain of a broad market decline. (38:43) Wrapping it up. (43:42) Closing thoughts. (45:35)

Listen to this episode from Panic with Friends - Howard Lindzon on Spotify. I’m really excited to have special guest Tushar Jain on the pod. He’s the co-founder and managing partner of Multicoin. We talk about the current crypto market, what it was like in the 2018/19 bear market, and what we can expect with crypto/web3 on a 2 to 5 year time horizon. We discuss The Graph, Helium, and Render. We’re still at the beginning with crypto, which means volatility is here now, but the future is out there; we’ve been in a blackberry moment, web3’s iPhone moment is coming. This tech bear market we’re in right now may be the catalyst that gets people focused on the next big thing. Guest - Tushar Jain, Co-Founder and Managing Partner of Multicoin howardlindzon.com, multicoin.capital Twitter: @howardlindzon, @PanicwFriends, @TusharJain_, @multicoincap, @knutjensen linkedin.com/in/tjain251 #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: (00:37) - Intro (02:21) - Schmuck insurance (05:30) - Accelerating the adoption of sovereign software (07:28) - Ethereum - First big aha moment (10:02) - Starting an investment firm (14:41) - Timing crypto tops and bottoms (16:58) - Betting on The Graph (24:55) - Defining web3 (25:28) - Censorship resistant, neutral, permissionless (25:44) - No toll, no excess rents (27:12) - Your private key is the most important thing (29:37) - The Helium business model for deploying networks (40:04) - Everyone's trying to build the smartphone equivalent of web3 (40:35) - A clear vision for crypto (43:24) - Excited about UXD (44:56) - Semiconductors, Mining, and Compute (47:00) - Closing thoughts

Listen to this episode from Panic with Friends - Howard Lindzon on Spotify. We're off to a bit of a rocky start to the new year. And that's why I called in my friend Jeff Richards to help make sense of it all. This episode marks Jeff's fourth stop on Panic with Friends since we started almost 2 years ago. People talk about bubbles all day, and I've been talking about these tiny bubbles we're witnessing right now --the ones that just pricked. So Jeff's here to talk about fundamentals versus valuations and the big picture as we come 70, 80, 90 percent, whatever it is, out of COVID for better or worse. Guest - Jeff Richards, Managing partner at GGV Capital howardlindzon.com, ggvc.com Twitter: @howardlindzon, @jrichlive, @GGVCapital, @knutjensen linkedin.com/in/jeffrichards #fintech #invest #investment #venturecapital #stockmarket #finance