In today’s Exponential Investor…
- Tokyo’s “mechanical failure”
- Kit and Sam’s November Wager
- Investment existentialism
It’s Friday, which means another podcast to wind up the week and ease into the weekend with.
A funny old week this one, and keeping on our recent Japanese discussions, this week the Tokyo Stock Exchange was shut down for a day’s trading because of what some are saying was a “mechanical failure”.
A puncture in their tyre perhaps, a derailed chain? Or something more nefarious, like a cyber-attack?
If it was nefarious, what does our investment world look like if all markets can be taken down? If you have a share of a company and yet no one and no way to trade it, is it worthless, or does it drag you back into the very core concept of what investing really is?
It’s a thought moment worth taking and really considering when you’re buying and investing in stocks.
We also get the prediction as to who we think is set to win this November’s presidential election – does Sam think it’s Trump or Biden, and does Kit agree or disagree, Trump or Biden?
You’ll be shocked at what the outcome is there…
And of course the really big question – whoever wins, what does happen to markets, and is it a by-product of the politics or the central banks that drives it? The answer will help explain why Kit doesn’t debate politics with friends.
Sam Volkering and Kit Winder