Hidden Forces podcast host Demetri Kofinas interviews Patrick Boyle, a founding partner of quantitative hedge fund Palomar Capital, a finance professor, and the host of "Patrick Boyle on Finance." The episode covers a range of topics, including market turmoil, economic forces, the potential need for a new industrial policy in the US, and the challenges of social media regulation.

👨‍🏫 **Patrick Boyle's Finance Career:** The episode begins with Patrick Boyle sharing stories from his career in finance, including his time working for Victor Niederhoffer. He discusses his experiences in the industry and the insights he has gained over the years.

📉 **Market Turmoil and Economic Forces:** Demetri and Patrick delve into the market turmoil seen at the beginning of August 2024. They explore potential causes, implications, and whether the secular economic forces facing Western economies are more likely to be inflationary or deflationary in the future.

🇺🇸 **Industrial Policy and Innovation:** The discussion then shifts to the potential need for a new industrial policy in the US. Patrick and Demetri debate the potential benefits and drawbacks of such a policy, considering its impact on innovation and the broader economy.

🌐 **Social Media Regulation and Ethical Concerns:** The episode explores the challenges of regulating social media, examining the potential impact on freedom of expression, the spread of misinformation, and the erosion of privacy.

🤝 **Immigration and Global Backlash:** Patrick and Demetri discuss the growing backlash against immigration in various parts of the world, analyzing the underlying causes and potential consequences.

summary In Episode 377 of Hidden Forces, Demetri Kofinas speaks with Patrick Boyle. Patrick is a founding partner of quantitative hedge fund Palomar Capital, a professor of finance at King’s College London, and the host of “Patrick Boyle on Finance.”In the first hour, Patrick shares stories from his career in finance, including his time working for Victor Niederhoffer. He and Demetri discuss the market turmoil seen at the beginning of August, including potential causes and implications, and whether the secular economic forces facing Western economies are more likely to be inflationary or deflationary in the years ahead.In the second hour, Patrick and Demetri discuss whether the U.S. economy needs a new industrial policy, what that would look like in practice, and how it may backfire by stifling rather than promoting innovation. They also discuss the challenges of social media regulations, the deterioration in business ethics, the transatlantic backlash against immigration, and much more.You can subscribe to our premium content and access our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe.If you want to join in on the conversation and become a member of the Hidden Forces Genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page at HiddenForces.io/subscribe.If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following:Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS FeedWrite us a review on Apple Podcasts & SpotifySubscribe to our mailing list at https://hiddenforces.io/newsletter/Producer & Host: Demetri KofinasEditor & Engineer: Stylianos NicolaouSubscribe and Support the Podcast at https://hiddenforces.ioJoin the conversation on Facebook, Instagram, and Twitter at @hiddenforcespodFollow Demetri on Twitter at @KofinasEpisode Recorded on 08/08/2024 bio Patrick Boyle is a Founding Partner at Palomar Capital Management, a quantitative hedge fund, which he sold in 2018, and remained a Director of until 2020. He began his finance career in 1997 and has worked with Victor Niederhoffer, a former partner of George Soros’ and has been a Portfolio Manager at RBS, Millennium and Nomura.Patrick is a visiting professor of finance at King’s College London and Queen Mary University of London. He has written three finance textbooks and runs a popular YouTube channel where he uploads weekly educational finance videos. He appears regularly on financial news television, writes occasional op-ed pieces for The Financial Times and speaks at financial conferences. transcript content locked Login or Subscribe to Access Premium Content Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events. Full Episode content locked Login or Subscribe to Access Premium Content Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events. intelligence report content locked Login or Subscribe to Access Premium Content Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events. extra material content locked Login or Subscribe to Access Premium Content Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events. Demetri's Key Takeaways content locked Login or Subscribe to Access Premium Content Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.