The Last Great Commodity Bull Run Dwight Anderson Master Class

Published on
September 16th, 2016
Duration
48 minutes

The Last Great Commodity Bull Run Dwight Anderson Master Class

Master Class ·
Featuring Dwight Anderson

Published on: September 16th, 2016 • Duration: 48 minutes

Legendary commodities investor Dwight Anderson sits down with veteran macro manager. Dan Tapiero for a ‘Master Class’ of commodity hedge fund investing, with actionable insights into some of Dwight’s favored trades. There’s also a rare glimpse into his incredible backstory and the contrasting philosophies of mentors, Julian Robertson and Paul Tudor Jones, who he partnered with to launch Ospraie, which became the world’s biggest commodity hedge fund firm.

Comments

  • AR
    Anthony R.
    20 November 2018 @ 21:18
    I am a commodity trader and farmland investor. The tail end of this interview speaks toward farmland investing and agriculture in the U.S. This is such an under appreciated asset class. Great interview.
  • my
    markettaker y.
    14 October 2018 @ 21:55
    Oh my goodness; I'm five minutes in and I'm having one of those 'this five minutes just justified my annual subscription' moments.
  • LA
    Lewis A.
    11 September 2018 @ 05:00
    Would love an updated interview with Dwight
  • CT
    Christopher T.
    25 August 2018 @ 23:33
    Why hasn't this guy been asked back?????
  • VS
    Valeriy S.
    17 October 2017 @ 10:53
    It was great! Thanks. But I suspect there was mistake in the chart of Palladium/Platinum. The chart that was presented in the video is actually Platinum/Palladium. Am I wrong?)
  • vP
    vince P.
    25 June 2017 @ 00:24
    Forgot feedback
  • vP
    vince P.
    25 June 2017 @ 00:23
    Very informative. Great!!
  • JU
    Jay U.
    22 May 2017 @ 10:24
    Can we get these two back sometime soon?? Dan was an amazing interviewer, and Dwight has awesome knowledge of the commodity space. Probably the most interesting viewpoint on oil I've heard, about EV adoption -> large oil project capex delays -> higher prices.
  • PS
    PD S.
    13 February 2017 @ 17:00
    This was a great interview with Dwight Anderson of Ospraie, one of the true pioneers of the commodities trading hedge fund biz. Great job guys. :)
  • SC
    Shane C.
    24 January 2017 @ 04:43
    Pure carbon+new refining graphite refining will generate silly returns, both on the demand side and the supply ...extremely rare
  • AC
    Andy C.
    27 December 2016 @ 04:52
    Brilliant. I hope to someday have half the depth of insight that they have and share. Thank you Real Vision
  • KC
    Klendathu C.
    24 September 2016 @ 20:08
    I appreciate his comment on oil. So funny how he leans in. I see what he's saying, but it takes a decade for an oil project to come online. Not sure how that really matters to the oil price for the next 3-4 years. Not to mention, medium size projects are coming online in the gulf of mexico. Russia is pumping out extra oil from its wells using fracking. Iraq building as well as Iran. US shale coming back online. Barring a major supply shock, oil shouldn't break 50 till at least the end of 2017. IMO.
  • JC
    John C.
    24 September 2016 @ 04:04
    really enjoyed this interview. Dan does a good job of asking the questions and keeping it interesting.
  • AS
    Andrew S.
    24 September 2016 @ 01:24
    I run an investment firm that's wholly unrelated to commodities and I'll never be involved in global macro. So while I always enjoy learning about those markets, there is tremendous value in hearing how Mr. Tapiero and Mr. Anderson developed their investing style as well as the differences among the firms for which they've worked. Getting a sense for how Tudor manages talent versus Tiger was very valuable for how I might grow my own firm. Thanks, RV.
  • PP
    Peter P.
    23 September 2016 @ 16:45
    Loved this interview & disagree w/ those who say first part is not relevant. No one on RV, much less someone who has had success as Mr. Anderson has, needs to open up on their background & past. Showed humility, planning, and tenacity to get to where he wanted to be, and should be of value to young people starting out - dream big but have a plan and follow through on your career (no one seems to have parachuted this man into a HF job out of college)....Maybe sets the bar for others to also talk career background (& use Milton's new chapters tabs if you care to skip)...On the two investment ideas - prefer the idea of a death of diesel trade in +Pd/-Pt (if correct that Pt is in oversupply & Pd not just lower priced in oz, but I believe more rare & lower yield/ton mined) - Thank you RV, Dan, & Dwight
  • JH
    Joakim H.
    22 September 2016 @ 07:47
    Great interview!
  • JA
    J A.
    21 September 2016 @ 16:01
    Very good interview, lots of depth. Dan is a great interviewer. Not an easy thing to do, but he made it look easy.
  • MB
    Matthias B.
    20 September 2016 @ 19:41
    sry. does not seem to work.
  • MB
    Matthias B.
    20 September 2016 @ 19:40
  • MB
    Matthias B.
    20 September 2016 @ 19:37
  • MB
    Matthias B.
    20 September 2016 @ 19:35
    I would like to disagree with part of his gold statement: the "horrible" demand situation in China
  • CH
    Calvin H.
    20 September 2016 @ 01:35
    Gets moving at 20min mark. I'm work in oil (drilling) and I think I will go shoot myself - 10-15yrs of low prices! :( I agree Demand is key, but it can't take that long to recover. please? Gold - How can he not see the debt levels are unsustainable and paper currencies will collapse.? Too biased with gold as a commodity. He contradicts himself several times - low oil demand, due to weak productivity - why is is it weak? -- too much debt, hence gold. At 14min, what was the point about low CAPEX and oil? Is this the coming supply shock he dismissed earlier? How do u get a 200% reduction ? Uh, if it takes 30 days to drill and complete initially and now takes 10? On Ag - interesting.
  • KC
    Kevin C.
    18 September 2016 @ 23:32
    As an EV owner (2016 Nissan LEAF SL) I think non-EV owners misunderstand / overstate the range and charge time issues. Neither of those have been a problem for our family. We drive ours about 80 miles per day. Here is what I think will happen: Multi car families will buy an EV for one of thier cars, to save money once gas prices eventually rise again. When they buy that EV they won't think it will be used much. But once they get it, it will become their most driven car by far. That's what happened in our family. And if you talk to other EV owners you'll find the same story. So the eventual bump is gas prices will cause a bump in EV sales, and once people see how well EVs fit thier life style then they will really take off.
  • JM
    James M.
    18 September 2016 @ 10:52
    Useful interview, but agree the 1st half is of little value (but maybe of interest) to amateurs who dont know who "Bob" and "Steve" at XYZ firm are. Thanks RV for the fast turnaround from filming to publishing!!! Nice to see.
  • RM
    Russell M.
    18 September 2016 @ 06:58
    The interviwer has a good style of questioning. Suggest making further use of him going forward.
  • JR
    Jared R.
    17 September 2016 @ 22:54
    Amsterico! I drive by those abandoned manufacturing plants all the time. What a trip. Great interview thanks Dwight and Dan
  • MS
    Mark S.
    17 September 2016 @ 22:01
    I appreciated hearing how both Dan and Dwight think about markets. I won't get this anywhere else. Having spent a lifetime in US E&P business, I will say Dwight's views of oil and gas supplies, and markets are spot on. He gets how prices and their projections into the future drive capex, thus affecting future production levels.
  • MD
    Matt D.
    17 September 2016 @ 20:40
    Wow, 13 people didn't like the interview ( the thumbs are down) - not sure what they are looking for !
  • MD
    Matt D.
    17 September 2016 @ 20:39
    Simply awesome interview. Well done real vision.
  • RC
    Ryan C.
    17 September 2016 @ 14:45
    Ooze advice !2? Z w2: trxav
  • RC
    Ryan C.
    17 September 2016 @ 14:44
    Mup
  • RC
    Ryan C.
    17 September 2016 @ 14:43
    Jbbgj X
  • RC
    Ryan C.
    17 September 2016 @ 14:42
    N
  • RC
    Ryan C.
    17 September 2016 @ 14:42
    Bought Jpp
  • db
    don b.
    17 September 2016 @ 13:27
    This interview gives me confidence that anyone can compete with the "so called" best in the world if they are willing to put in the time.
  • KB
    Kreso B.
    17 September 2016 @ 11:46
    He's wrong on agriculture being inflation protection. The only protection against inflation are self-reliance, knowledge and social contacts. He's very wrong on hybrids and palladium. He might be wrong on oil (check Ray Kurzweil).
  • FC
    Fractal C.
    17 September 2016 @ 00:29
    You are so right, Raoul. I got an interesting perspective on how Dwight is looking at commodity markets. Also, perspective on PTJ's style of trading as contrasted with Tiger's style was very informative. Even on trade recommendation front, that Cocoa trade is worth taking a look at. BTW, we should bring in Dan Tapiero again - brilliant mind.
  • RP
    Raoul P. | Founder
    16 September 2016 @ 23:10
    Nowhere else in the world will you get content like this. Two legends shooting the breeze. Again, its not all about trade recommendations. The worlds best investors have a story to tell and their story is what we should all learn from, not just their trade ideas...
  • J
    John .
    16 September 2016 @ 22:56
    Dwight is not just well-informed and prepared, but he's also both confident and humble. He's smart, prepared, confident yet humble.Strong combo. Thank you Dwight , and you too....Julian Robertson.
  • JW
    J W.
    16 September 2016 @ 22:53
    Excellent-I also especially liked the contrarian view on oil demand and electric vehicles. Lots of food for thought throughout.
  • EL
    Elizabeth L.
    16 September 2016 @ 21:43
    Dan, really good job.
  • NW
    Noah W.
    16 September 2016 @ 21:15
    Very good piece - not sure if it's my browser or how the video was recorded but the frame rate is quite low.
  • WE
    William E.
    16 September 2016 @ 21:03
    Good interview... I believe the truth, not surprisingly, is somewhere between John N and Richard M's comments!
  • AH
    Andreas H.
    16 September 2016 @ 18:59
    Great!
  • NG
    Nicolas G.
    16 September 2016 @ 18:58
    Fire the presenter please...
  • GG
    Gerald G.
    16 September 2016 @ 18:16
    Disappointing! I'm really not interested in getting a traditional supply/demand perspectivein in a world where markets are being fundamentally distorted by CBs?
  • RS
    Roger S.
    16 September 2016 @ 18:11
    Lots of good investment ideas with great explanations to back them up. I especially appreciate his contrarian view on oil and EVs.
  • AL
    Alexander L.
    16 September 2016 @ 16:52
    Great presentation. It gives me insight into soft commodities. I am long gold and silver miners for the last two years. Although I was early and lost 40%, now I am up about 20%. Going forward, I have to think of diversification through agriculture
  • HS
    Hubert S.
    16 September 2016 @ 16:36
    This was as good as it can get. Interesting takes on gold and oil.
  • PV
    Peter V.
    16 September 2016 @ 15:29
    A great interview. Dwight is top class.
  • RM
    Richard M.
    16 September 2016 @ 15:10
    Fantastic interview. Who knew Dan was such a good interviewer! It was like 2 friends just shooting the breeze, very casual but very, very informative! Really enjoyed Dwight's trip down memory lane as to his earlier formative years and all the "greats" that he got to work with (and their methodologies). Very useful info on the metals, grains and the surprising insight on EV's impact on oil prices down the road (pun intended )!
  • jn
    john n.
    16 September 2016 @ 13:57
    too much early in interview about his background. views about investment opportunities more important
  • AZ
    Abbas Z.
    16 September 2016 @ 13:24
    Very thoughtful presentation
  • NR
    Nuno R.
    16 September 2016 @ 12:08
    Brilliant, thank you RVT!