"As I Look Into The Future, I See Anarchy": Harris Kupperman
"It’s about to get wild…"
One of my favorite investors that I love reading and following, Harris Kupperman, has offered up his thoughts on what his next big bet could be.
Harris is the founder of Praetorian Capital, a hedge fund focused on using macro trends to guide stock selection.
Harris is one of my favorite follows and I find his opinions - especially on macro and commodities - to be extremely resourceful. I’m certain my readers will find the same. I was excited when he offered up his latest thoughts, published below (slightly edited for grammar, bold emphasis is QTR’s).
Please be sure to read both my and Harris’ disclaimers, located at the bottom of this post.
The Great Macro Dreamscape Part 1
In late March of 2020, one of the greatest wealth transfers of my lifetime began. It remade our world—or at least it remade my world. Those who recognized Covid as a hoax, were there to reap the rewards. Others who cowered in fear, were my victims. While I pressed the accelerator on exposure and risk, others sought safety in rapidly depreciating cash, or worse, shorted risk assets while they hid from benign germs. Our disparate account statements stand witness to the decisions we each made.