Small caps podcast with Paul Scott – Episode 14 (part 2 of 2) for 2023 – markets & macro
Paul Scott’s usual stream of consciousness for the week’s news & views on macro and markets topics.
In particular, I’m worried about highly geared companies, with lenders not likely to be as accommodating as they were during the 14-year 0% interest rate period. With higher interest costs mounting up, zombie companies may face administration – as we saw this week from INCE being pushed into administration by a major creditor. We’ve been warning people against INCE for years in the SCVRs, so I hope no listeners were caught out on this one.
great podcast paul cant you record on too mobile phone at same time in case pc does not play ball
Hi Paul, really appreciate your thoughts and comments, whether general or specific (macro / micro), please keep up the good work
Brilliant, love these podcasts. Insightful whilst making you smile, can’t beat that
I loved the cross-dressing story, and the swearing. More please!
LOL thanks zho! When my second attempt at recording the part 2 podcast crashed again near the end, I lost it briefly, sorry about that. With no editing software here on my chromebook in Gozo, I just had to publish and be damned, as they say! If there’s an uproar (rather unlikely) then I can edit it out on my return to the UK in a fortnight or so. Best wishes, Paul.
You reacted exactly as I would have done, and in the same disgusted tone of voice. I could have been listening to a recording of myself.
My own contribution to cross-dressing: When I was 5 or 6 I wanted to wear a bow in my hair, like my sister. I think my Mum probably said that bows were for girls but I was insistent, so she gathered my (short) hair into a little topknot and tied a bow round it. I queened up and down the street for a while but nobody was around – it was probably a week day – so I got bored and went home. Er … that’s it. The end.
Hi Paul, you mentioned ChatGPT. One thing to beware of with ChatGPT is that it sometimes makes things up. Eg it might in a given conversation say that Buffett has bought shares in a given company when he has not. The computer people call this making-things-up “hallucination”. Disclaimer: I’ve used ChatGPT but not to do investment research.
Hi Paul,
Just want to say how much I appreciate these podcasts.
I have a long commute (perfect for listening to them) and work long hours so don’t get chance to read all of the SCVRs, but the podcast is so useful to hear a summary for me to go off an read the ones I like in detail.
Also appreciate the macro views one too and areas to think about.
Thanks J
Thanks J! It’s good to get some feedback 🙂