Stephen Diggle – Master Class, Part Two

Featuring Stephen Diggle

In the second of this month’s two-part Master Class, Stephen Diggle, founder of Vulpes Investment Management, discusses managing the credit default swaps of 2008, the political treadmill’s effect on a nation’s economy, and the rigged markets revealed in post-2008 austerity.

Published on
20 March, 2015
Topic
Positioning
Duration
67 minutes
Asset class
Commodities, Real Estate
Rating
13

Comments

  • JW

    James W.

    6 8 2017 06:51

    5       0

    Found this only because Grant mentioned it on the Adventures in Finance podcast. This is just an amazing interview . Mr. Diggle's incredibly forthright and understated manner or communicating is exceedingly commendable, especially as he conveys insights that go well beyond the markets. Thank you, Grant and thank you, Stephen.

  • DS

    David S.

    22 5 2016 06:02

    1       0

    Solid wisdom. Practical experience. Energizing mind. Thank you. Capital gains are income if harvested. Taxes and reinvestment the variables. Strategy must defeat greed. A better man than I ...

  • MH

    Michael H.

    21 1 2016 05:25

    2       0

    Awesome quote from this interview: “The great trick of keeping confidence in the system is that people have been satisfied that a lack of income is compensated by capital gain."

  • RM

    Richard M.

    28 6 2015 22:09

    1       0

    Fantastic discussion! Fascinating behind the scenes look at the GFC by a player that lived thru that turmoil. Excellent job Grant, and thanks for the insight Steve!

  • DP

    Daniel P.

    13 4 2015 10:13

    0       0

    Excellent interview, thanks again realtv! Stephen has me sold on agriculture and German property now!

  • SD

    Stephen D.

    9 4 2015 05:05

    12       0

    Steve Diggle here. I'd like to thank everyone who perservered witrh this marathon interview. If you had any questions or comments plse direct them to info@vulpesinvest.com
    Thanks Simon for the idea.

  • JS

    James S.

    7 4 2015 06:23

    2       1

    Absolutely riveting intetview. Mr. Digge manages to express what so many investors instinctively feel but can't quite articulate. The concept of starting over from "first principles" is brilliant

  • WM

    Will M.

    5 4 2015 21:17

    5       1

    Part 1 a little slow, riveted by part 2. "Having a great deal of fiat currency in a bank account is not money"; has me thinking hard about my 401k & personal cash in money market funds! Great stuff.

  • KS

    Kashyap S.

    28 3 2015 06:52

    0       0

    I sat through this spell-bound, something I fail to do even while watching an entertaining (so-called) movie.

  • JR

    Jon R.

    27 3 2015 22:45

    1       0

    Great interview. Elle Hawkins made the same recommendation that investing in private business might be some of the best opportunities right now for protecting wealth.

  • LM

    Leland M.

    25 3 2015 00:49

    9       0

    "The graveyards are full of indispensable men" . The ending to an enlightening interview that reminds us that as important as our search is to protect wealth it should not consume all of our time.

  • TJ

    Terry J.

    24 3 2015 10:43

    4       0

    Fascinating interview, and very thought-provoking.

  • JA

    John A.

    23 3 2015 08:10

    6       0

    So, money does grow on trees. All time classic interview.

  • JW

    J W.

    22 3 2015 00:48

    12       0

    These interviews were amazing-while having a similar view on real estate for income reasons, I have never heard a more cogent explanation of why income is more important than absolute return...

  • BL

    Bruce L.

    21 3 2015 18:06

    8       0

    need a Vulpes for the smaller investor. Going to be bloody when the momentum mkts flip.

  • GC

    Gary C.

    21 3 2015 17:02

    1       0

    The Dibble tour thru recent WFC from inside sweating counterparty risk.truely spellbinding esp with a sequel shortly,I see myself resembling negative bias with daily ZH,KWN,Sprott,PCRoberts < good

  • BD

    Bruce D.

    21 3 2015 14:08

    7       0

    A refreshing global outlook out what is truly important in life....Income to survive! The Capital gain trap was also right on task, and a reminder to all that liquidity is fleeting, and not permanent!

  • JS

    John S.

    21 3 2015 09:29

    10       0

    The great interviews come faster than the Fed can print money!

  • FS

    Fred S.

    21 3 2015 06:03

    22       0

    "Capital Gain is not the same as Income." No truer words were ever spoken. I would work for free along side the likes of Grant and Stephen just to learn how to do the things they do.

  • AA

    Ali A.

    20 3 2015 16:30

    11       0

    Touches upon a great failure of democracy, the short-sighted behaviour of politicians held to ransom by election cycles and their fickle voters

  • AA

    Ali A.

    20 3 2015 16:20

    0       0

    Artradis (Like Paulson et al) did great job being positioned for 2008, biggest failing (if any) was not cutting exposure fast enough in 2009, hence losses and closure in this case