The link below is an interview with Anthony Pompliano, host of the Pomp Podcast, and our co-founder, Peter Doyle.  Peter discusses, among other things, inflation beneficiaries, bitcoin and risks associated with passive index investing.

0:00 – Background of Peter Doyle, Horizon Kinetics, and the Firm’s Investment Thesis
3:44 – Value investing in the Current Macro Environment
7:10 – Hard Asset and Asset-Light Focus (Texas Pacific Land Trust)
10:00 – Inflation (Monetary and Fiscal Stimulus)
18:55 – Fixed Income and Equity as Part of a 60/40 Portfolio
23:30 – Energy
25:50 – Bitcoin and Mining
39:15 – Financial Exchanges
40:20 – Venture Capital, Private Investments, and International Markets
43:10 – Bitcoin – Institutional Acceptance
46:08 – Final Questions