Sy Jacobs

Published on
November 29th, 2019
Duration
66 minutes

Sy Jacobs

The Jim Grant Series ·
Featuring Sy Jacobs

Published on: November 29th, 2019 • Duration: 66 minutes

Are leveraged loans the next major threat to the global economy? Sy Jacobs, managing partner of Jacobs Asset Management, joins forces with Jim Grant to scrutinize the “leveraged loan,” an asset class that is increasingly raising eyebrows on Wall Street. Jacobs and Grant tackle the efficient market hypothesis, negative yielding debt, and our current place in the business cycle. Filmed on November 7, 2019 in New York.

Comments

Transcript

  • VS
    Victor S. | Contributor
    5 December 2019 @ 12:53
    Well done but gents you are GREATLY UNDERESTIMATING THE POLITICS OF THE US AND THE WORLD -THE FED WILL BE FAR LESS AN INFLUENCE ON MARKETS?
  • MN
    Michael N.
    3 December 2019 @ 12:44
    Good content and I enjoy the historical context, but do yourself a favor and listen at 1.25x speed.
  • GB
    Gary B.
    3 December 2019 @ 08:04
    Grant interrupts guest so often the flow is ruined
  • DC
    Dan C.
    3 December 2019 @ 07:50
    Jim seems like a very nice guy but I'm 15 minutes in and they're still touching on things that happened before I was born. History can be very useful but this is just trivia. If Jim is going to talk about the past, I think he needs to have a reason and a plan. Strolls down memory lane don't resonate with me, personally. Maybe it's because I don't work on Wall Street but I'm not sure how this info helps me understand markets any better. Tell me about events, the conditions at the time, and how markets reacted. Naming Mr Whosit running a desk on a company that's been out of business for decades ain't helpful. I love the title. I'd REALLY like to know about leveraged loans but put a timestamp in there next time. Throw a guy a bone... I'm busy! I might try again later, but I'm done.
  • BE
    Benjamin E.
    3 December 2019 @ 02:45
    Jim Grant is incredible--witty, funny, insightful, engaging. Every one of his interviews are fantastic.
  • JW
    James W.
    2 December 2019 @ 05:28
    I like the fact that we got some specific current markets outlook in this one. I love listening to Mr. Grant but his interviews have been generally short on any currently relevant calls.
  • SS
    Shanthi S.
    2 December 2019 @ 04:28
    I absolutely love Jim and all of the potent little insights he drops into these conversations. Great discussion.
  • KK
    Kevin K.
    1 December 2019 @ 07:52
    Which Puerto Rican banks was he referring to?
  • EO
    Elena O.
    1 December 2019 @ 03:16
    Jim asks great and provocative questions which make the respondent think and go deep. However, to make that skill to benefit listeners, I think he needs to adjust the following: 1) Let the respondent finish the thought and expand in depth on that and allow the conversion to move naturally from the point discussed to the next point - now it is a bit abrupt and jumpy without respondent fully exhausting the the topic 2) Use more follow up questions to help respondent to drive deeper into the topic 3) Use a sum up technique after each major topic covered to allow for transition to be soomether.
  • JA
    Jerram A.
    30 November 2019 @ 21:41
    Jim grant needs to learn how to listen and let the speaker finish on a topic.
  • VP
    Vincent P.
    30 November 2019 @ 16:53
    Given how spectacular the Tech and Housing Bubbles have been, it appears almost every single analyst, economist, prognosticator and financial professional wants to be the one to predict what triggers the Mother of All Bubbles that will "end badly". Frankly, this can go on for another 100 years and we'll be paying fees, muddling through the regurgitation of the same BS while most of us are likely well invested and riding the perpetual wave to serfdom. Whatever,,,, Be well and happy holidays to all.
    • DS
      David S.
      30 November 2019 @ 17:34
      Recent history has proven your point. We are in a new paradigm, however, where major countries, with the power of the printing press, have increased the money supply so greatly that there is a huge amount of capital around the world just buying financial assets. Mr. Jacobs is investing and making money now. He is also cognizant of the financial risks, but he is still in the game. I am not that smart nor do I want to put my savings at risk. At 73, I am mostly liquid until I understand how to invest in this new paradigm or the market pulls back. Happy Holidays to you also. DLS
  • VP
    Vincent P.
    30 November 2019 @ 16:34
    Jim is a real smart guy but loves to listen to himself talk and cut off the interviewee. No change. Good guy though and always makes his usual case about how ridiculous central banks are.
    • AR
      Anthony R.
      1 December 2019 @ 21:09
      Whatever the shortcoming of Jim Grants's interview execution nuances - his upside is 10x. Easily. Great conversation. Actually - that's what it is; a conversation not an interview.
  • TJ
    Terry J.
    29 November 2019 @ 18:26
    Fascinating discussion between Grant and Sy on the markets and economy and most especially how an increasing number of canaries in the at risk sectors of the leveraged loan mine(field)s are starting to sing! Most informative!
  • la
    luis a.
    29 November 2019 @ 10:00
    way too long, just get to the point
  • la
    luis a.
    29 November 2019 @ 09:59
    jim grant is too boring to conduct interesting interviews
    • PJ
      Peter J.
      29 November 2019 @ 15:29
      You may not like his style (I do), but underneath his jocular patter he asks incisive and very pertinent questions that often challenge his interviewee IMHO. If he is marmite I like it!!
    • MV
      Matt V.
      29 November 2019 @ 17:56
      Peter, although you may be correct, there's a certain flow to interviewing. Jim is great at a lot of things, and incredibly smart, but in my opinion, he needs to allow things to "breathe" during the interview to allow the process of thought for the person being interviewed to expand on what they have to say.
    • MV
      Matt V.
      29 November 2019 @ 18:23
      In fairness, he did a much better job after the `1st 30 minutes.
    • SK
      Sebastian K.
      30 November 2019 @ 03:06
      Agreed - Jim is smart, but it too often becomes a long sermon without him showing too much interest into what the other person has too say. Other interviewers at RV do a much better job and seem more genuinely interested in their interviewees. Hopefully he picks up on these comments and changes his style at least a bit, because the format is great and could be so much more than it is right now.
    • tc
      t c.
      30 November 2019 @ 08:46
      I agree that Jim needs to let the interviewee express his idea more before moving it along.
    • DL
      Darryn L.
      3 December 2019 @ 05:51
      Disagree.