PODCAST · business
Bonner Private Research Podcast
by Bonner Private Research
The Fatal Conceits Podcast is show about money, markets, mobs, and manias. www.bonnerprivateresearch.com
Episodes
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The Preparation: How to become Confident, Competent, and Dangerous
Monday, September 1st, 2025 Chiswick, West London By Tom Dyson I spoke with Matt Smith this week about the new book he’s published along with Doug Casey and his son, Maxim. It’s called The Preparation: How to Become Competent, Confident and Dangerous. We don’t discuss investing. This is something...
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Private Briefing on Silver, with Rick Rule
This is a free preview of a paid episode. To hear more, visit www.bonnerprivateresearch.com Tuesday, May 6th, 2025 Laramie, Wyoming Well this is awkward. Yesterday, on short-notice, I had a 45-minute Private Briefing with BPR stalwart Rick Rule. It was, by popular demand, almost entirely about...
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Live with Tom Dyson
Thank you Giles Rowe, Stuart P. Swilley, Dean, Stephen Lindsay, David Unti, and many others for tuning into my live video with Tom Dyson! Join me for my next live video in the app. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes…
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The Mar-a-Lago Accords and Gold
Tuesday, February 18th, 2025 Laramie, Wyoming Earlier today I hosted a live call with Matt Smith from Doug Casey’s Crisis Investing. During the chat, the gold price made an intra-day high of over $2,950/oz. Later in the chat, Matt made the case for why gold could go as high as $21k/oz. Why? How?...
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market forecast 2025
Thank you George Atuan, CFA, TMacro06, Andrey, Lux et Libertas, and many others for tuning into my live video with Dr Pippa! Join me for my next live video in the app. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit...
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Ronan McMahon on the Post Pandemic Property Boom (you probably haven't heard of...)
Welcome to another Fatal Conceits Podcast… In Episode #78 (yes, it really has been that many…) we catch up with our nominee for “Man with Coolest Ever Job Title”… Ronan McMahon, International Real Estate Scout. We’ve known Ronan for almost twenty years now and only a couple of times caught up…
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MN Gordon on the California Exodus
Welcome to Episode #78 of the Fatal Conceits Podcast… They’re sometimes called “California refugees.” But they hail from New York and Illinois, too… You’ll find them in sleepy little towns in Florida… Texas… Arizona… Nevada… and across the sunbelt… basically anywhere that doesn’t suffer…
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Vitaliy Katsenelson on Real Estate, Real Value and having "Soul in the Game"
Welcome to Episode #77 of the Fatal Conceits Podcast... In today’s conversation, I’m joined by author, value investor, student of life and editor of the popular ContrarianEdge newsletter, Mr. Vitaliy Katsenelson. I’ve been reading Vitaliy’s work, on and off, for over a decade now. In fact, we…
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Dan Denning on The Fed's Dilemma
And now for some more Fatal Conceits… Welcome to Episode #76 of the Fatal Conceits Podcast, dear listener, a show about money, markets, mobs and manias. All eyes were on the Jay Powell’s Fed this week, specifically the chairman’s remarks following the much-expected 75-basis point rate hike. Word...
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Robert Marstrand on the Britshow
And now for some more Fatal Conceits… “I mean, look, you seriously couldn't make this stuff up and it really is banana republic stuff, frankly. It's embarrassing and they just need to get a grip.” ~ Robert Marstrand on the sorry state of British politics. Welcome to another episode of the Fatal...
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Bill Bonner on Ben Bernanke's Bubbles
And now for some more Fatal Conceits… “I think those people at the Nobel Committee must have a sense of humor,” quipped Bill Bonner, in response to the questionable judgement that resulted in Ben Shalom Bernanke being awarded the Nobel Prize for economics earlier this week. “They're either very...
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Byron King on Europe's Energy Nightmare
And now for some more Fatal Conceits… When the Nord Stream pipelines were sabotaged last week (Sept. 26), we immediately fired off an email to energy and resource investor, geopolitical expert and all round man of letters, Byron King. Regular listeners (and readers) will recognize Byron as the…
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Doug Casey on America's Rude Awakening
And now for some more Fatal Conceits… “Let me take this opportunity to antagonize those of our listeners that I haven’t already antagonized…” There are some people who go out of their way to appease others, to say what they think the majority wants to hear, to mollycoddle their audience and make...
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Federico Tessore - Lessons from the Fin del Mundo
And now for some more Fatal Conceits… In today’s episode, we welcome serial entrepreneur, investor, author and founder and CEO of Inversor Global , Sr. Federico Tessore. Over the past two decades, Fede has built his financial research business into one of the most successful in the Spanish…
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Chris Mayer talks Deals from Hell, Reveries with Rousseau and his own take on General Semantics
Welcome to another Fatal Conceits Podcast. In today’s episode, we’re joined by our good friend and regular favorite on the show, Christopher Mayer. Long time listeners will know Chris as the portfolio manager and co-founder of the Woodlock House Family Capital Fund, which he began with Bill…
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Dan Denning on Where to From Here?
Welcome back to the Fatal Conceits podcast, a show about money, markets, mobs and manias… not necessarily in that order. In today’s episode, we’re joined by Bonner Private Research’s macro analyst, Mr. Dan Denning, who’s been monitoring the markets from his “fortress of solitude” up on the high...
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TRANSCRIPT: Byron King on Russia, Energy and Gold - Part II
And now for some more Fatal Conceits… Last week we brought you Part I of our conversation with Harvard trained geologist and natural resources expert, Byron King. There was a lot on the table for discussion. For instance… Have you noticed news from the Ukraine seems to have dwindled over recent...
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Byron King on Russia, Energy and Gold - Part II
And now for some more Fatal Conceits… Last week we brought you Part I of our conversation with Harvard trained geologist and natural resources expert, Byron King. There was a lot on the table for discussion. For instance… Have you noticed news from the Ukraine seems to have dwindled over recent...
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Byron King on Russia, Energy and Gold - Part I
And now for some more Fatal Conceits… In today’s episode of the Fatal Conceits podcast, we speak with energy and resources expert and Harvard-trained geologist, Mr. Byron King. In Part I of our conversation, Byron gives us his impressions of the recent PDAC miner’s conference up in Toronto,...
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Fatal Conceits with Charlie Morris
Dear Listener, It’s been a wild year in the world of finance… and no place more so than in Bitcoinlandia. When we spoke to today’s guest, back in February of 2021, Bitcoin had just crested the $40k mark. It since rallied to $60k… plummeted to $30k… catapulted to $70k… and collapsed back to where…
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Fatal Conceits Podcast with Ronan McMahon
In this week’s Fatal Conceits Podcast, we’re joined by globetrotting editor of the Real Estate Trend Alert, Ronan McMahon... If the past few years have taught us anything, it’s that the “new normal” is unlikely to look anything like the “old normal.” That goes for the financial world as much as…
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Fatal Conceits Podcast with Dan Denning
In this week’s Fatal Conceits Podcast we are joined by Bonner Private Research’s own macro man, Dan Denning... When we last touched base with Dan, back in late March, markets were enjoying (what hindsight now reveals was) something of a bear market bounce off their mid-month lows. But Dan was not...
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Fatal Conceits Podcast with Byron King
In this week’s Fatal Conceits Podcast, we are joined by long time friend of the Bonner Private Research group, Mr. Byron King... A Harvard-trained geologist, ex navy pilot and nuclear weapons expert, Byron lends us his unique insights into the unfolding situation in the Ukraine… including…
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Rob Marstrand on Inflation and Capital Controls
“So there are a lot of lessons to be learned here about how governments can really clamp down. So when their policies and their central bank policies are failing, they'll try all sorts of tricks to stop people protecting themselves. You've got to essentially try and get ahead of them.” ~ Robert...
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Chris Mayer on Information Overload
“Try to resist labeling yourself, resist taking on any label because that hems you in. Suddenly, you think yourself as an X. And there's some internal pressure to believe everything that an X believes. And it makes you take sides just based on a label rather than reasoning your way through the...
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Joel Bowman and Eric Fry on the (New) Made In America
“Wall Street focuses on earnings or quarterly earnings per share, adjusted earnings, adjusted EBITDA. All this garbage. And it's garbage because it's all adjusted and it's all in the hands of the wizards called CFOs, chief financial officers, and their departments. It's wizardry, it's not...
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Joel Bowman and Dan Denning on Allocation Strategy
“[T]here are serious problems with our money system. You can either solve them in the way governments have solved them in the past, which is inflating away the debt, which is a huge quality of life issue for people right now on fixed incomes whose costs have gone up, whose rent has gone up, whose...
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Joel Bowman and Dominic Frisby on Liberty vs. Authority
“I don't actually see the world through the prism of left and right, I see it more as authoritarian versus libertarian.” ~ Dominic Frisby TRANSCRIPT Joel Bowman:Welcome to the Bonner Private Research podcast. I'm your host, Joel Bowman. Each week we bring you exclusive conversations with members…
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Joel Bowman and Adam Sharp on Censorship and the Parallel Economy
“I actually find myself pretty optimistic just to see people out in the streets because realistically, this stuff has been going on for a while, like financial censorship, speech censorship. So just seeing people out in the streets is encouraging because ultimately, I don't think the people's…
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Joel Bowman and Byron King: If we only knew what we know
“Much of the world's oil doesn't go to people just driving their cars to the mall. I mean, a big part of it goes to the trucks that pull everything around, to the ships that sail everything around, to the airplanes that fly everything around, to the plastics and to the precursor materials that go...
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Joel Bowman and Tom Dyson on hobo investing
“I'm not a gold bug. I'm not a gold guy. I don't buy gold out of some philosophical distrust of the system or anything like that. I'm actually an investment guy. I like stocks. I like investments. And I intend to have our savings in the stock market most of the time.” ~ Tom Dyson, Investment...
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Joel Bowman and Dan Denning on A New Beginning
“This is now the greatest financial crisis in American history. We don't know how long it'll last, whether it'll be something like the 1930s or whether it will be something more volatile and violent, but let's not be afraid to call it what it is.” ~ Dan Denning, Bonner Private Research…
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The Winter Catastrophe of 2022
If you missed the energy briefing earlier today from Bill Bonner, Rick Rule, and Byron King, hosted by our Managing Editor Joel Bowman, we’ve uploaded the audio recording for you to replay at your leisure (it’s just over an hour and five minutes). It was a high-level discussion of the entire…
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The Night Before Christmas
Bill Bonner, reckoning today from Poitou, France... It’s Christmas Eve… Time for a break… We recorded “The Night Before Christmas” to send to our grandchildren. We pass it along to you, too, in case you can use it. And we’ll be back on Monday; there are dots to connect! In the meantime, we wish…
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Joel Bowman and Addison Wiggin discuss The Idea of America
Time stamps - A rough guide... (00:50) - Intro (01:30) - Addison’s intro... (02:50) - Omicron and the wrong way to learn the Greek alphabet (03:50) - Morris, Alive - A novel investigation into the “Idea of America” (04:50) - All fiction is, in the end, autobiographical - Jorge Luis Borges (05:50)…
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#44 - Bill Bonner on COP26 Glasgow, the Fed’s hypothetical 3rd Mandate and more...
Time stamps - A rough guide... (03:00) - “Helllloooooo Bill...” (04:00) - Bill chimes in on the cult of St. Greta and the COP26 gabfest in Glasgow (06:10) - “A lot of people are making a lot of money out of this green stuff,” Bill Bonner (09:55) - Bill’s take on climate change: It’s a whole lot...
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#43 - Dan Denning On Supply Chain Disruptions
01:30 - Exercise-induced boredom and economic life after the Fed’s tapering... 01:00 - Auditory enlightenment and the antidote to boredom... 02:30 - Life by subscription and the challenge of valuations in the ‘New Normal’ 05:30 - Building narratives to justify any old theory... 06:30 - The Great...
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Joel Bowman and Bill Bonner discuss How Economic Policies Are Eroding Two Millennia of Progress
Time stamps - A rough guide... (00:50) (02:50) - Bill Bonner (03:00) - Advice from father of the bride - Start saving now (04:00) - What to do when inflation hits 50% (Learn mental math!) (05:00) - Trends in motion accelerated by a pandemic (06:30) - The US follows Tokyo... all the way to Buenos...
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Joel Bowman and Chris Mayer On Quality
(00:50) - INTRO (02:30) - [START] Let’s get to our program... (03:00) - Chris Mayer’s Investment Book Recommendation: Silent Investor, Silent Loser - by Martin Sosnoff (03:30) - The case against custodial management and the concept of “skin in the game” (03:00) - Inside ownership over time and…
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Joel Bowman and Ronan McMahon On The Path Of Progress
00:50 - Intro 03:00 - Ronan McMahon 04:55 - The lure of Cabo... 05:55 - Zoom Towns - Ronan’s update on a long held trend 07:10 - Trends already in motion: The great COVID accelerator 09:10 - The global migration of the Digital Nomad generation 12:10 - International Living - The advantage of...
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#39 - Dan Denning on Lockdowns, Lockouts and the End of Financial Privacy as We Know It...
(00:50) - INTRO (05:30) - Interview with Dan Denning (06:00) - Told to disembark... (07:00) - Joel’s ESTA visa revoked... or canceled... or suspended... or....not? (09:00) - Please, sir! Don’t send me to the once and future penal colony! (10:30) - Dan’s move to Laramie and the best DMV in the...
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#38 - Robert Marstrand - Crisis Vacationing for Your Money
Time stamps - A rough guide... 02:30 - Interview with Rob Marstrand 03:00 - Argentina, Peru and the ongoing Latin American COVID-19 disaster 05:00 - Lockdowns and military rule in Australia 07:00 - Argentina as a leader in terms of day-to-day freedoms 08:45 - De facto vs. de jour rules down on…
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#36 - Anya Leonard on the Fall of Nations and End of Empires: lessons in hubris and destruction
Time stamps - A rough guide... (00:50) - Intro (02:00) - START (02:15) - A marital disclaimer from Athens, Greece (03:05) - Don’t believe everything you hear (or read in the newspapers) (04:05) - Greece is open for business... Come visit! (04:45) - Exploring the ancient Greek concept of Xenia...
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#35 - Dan Denning On No Buy Lists
Welcome to the No Buy List You’ve heard of the No Fly list before, no doubt... where people are flagged by the government as potential terror threats and denied their right to travel. As with all government programs, this one is rife with inefficiencies and wrongful accusations and plenty of...
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#34 - Eoin Treacy on Life by Subscription, the Chinese Real Estate Bubble, and the Exodus in America
Eoin Treacy, our guest on this week’s BPR Podcast, reckons part of it has to do with our all being reduced to “mere cash flows.” Where our forefathers were typically asset oriented, younger generations tend to embrace a kind of “Life by Subscription” model, which is packaged and sold to them as...
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#32 - Dan Denning on Rocketing Inflation, Private Space Travel and Forever Lockdowns Down Under...
Up, Up and... away! Prices are on the move again, Dear Listener. Latest official figures (such as they are) tell us that Producer Prices rose 7.3% for the month of June. Consumer Prices were up 5.4% over the same period, the biggest CPI gain since August, 2008. Core producer prices were up 5.6%...
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31 - Bill Bonner on the Real Asset Economy
What can the average salary earner do to prepare for the triple specter of rising inflation, rising interest rates and rising taxes? What business do world-improvers and do-gooders have predicting the needs of the world 50 years out... while imposing their plans in the here and now? What happens…
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30 - Dan Denning On Climate Lockdowns, Rising Prices, Political Unrest And Universal Basic Income
There was plenty to discuss earlier this week when I caught up with my good mate and co-author of the Bonner Denning Letter, Dan Denning. From my temporary digs in Sarasota, FL. and his Rocky Mountain bolthole in Colorado, we looked at rising prices across the land, compared past recessions to…
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29 - Chris Mayer on Headline Distractions, Investing for the Long Haul and the “Cicada Portfolio”
Time stamps - A rough guide... (00:50) - Intro (05:13) - Talking with Chris Mayer (08:15) - American hospitality - how the travel industry is rebounding after a dreadful 2020 (09:30) - TSA throughput numbers approach pre-COVID levels again (11:20) - Consumerism rebounds - high end stores see...
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27 - Addison Wiggin on The Examined Life, I.O.U.S.A. (Redux) and Fist Fights at 40,000ft...
In this, Episode #27 of the BPR Podcast, I caught up with my old friend and founder of Agora Financial, Addison Wiggin. Over the course of an hour or so, Addison and I talked about the books that matter to him, why we should resist growing calls to “cancel” the western canon, how politics has...
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