For a long time, the world has considered China as an example of economic success, but those days may be over. 

In this episode, Cole Smead is joined by Dinny McMahon, author of the book China’s Great Wall of Debt. Dinny takes a deep dive into China’s financial system and gives us a sense of how the country’s complex and “dysfunctional” economy works from the ground up. Dinny also explains why China’s economic growth has slowed down, how the accrual of debt has played a role, and why the “Chinese Miracle” has come to an end.

Subscribe Now

In each episode, we explore investing through an entirely unique lens, bringing in authors to discuss books that have directly or indirectly influenced our investment decisions.

More Episodes

Thomas Morris – The Matter of the Heart

May 9, 2022

Are surgeons psychopaths? In this episode, Cole Smead is joined by Thomas Morris, author of the book The Matter of the Heart: A History of the Heart in Eleven Operations. Thomas’ … Thomas Morris...

⟶ Start listening

Robert Hagstrom – Investing: The Last Liberal Art

April 25, 2022

Knowledge is power. In this episode, Cole and Bill are joined by Robert G. Hagstrom, author of the book Investing: The Last Liberal Art. Robert explains how achieving worldly wisdom can allow investors the opportunity … Robert Hagstrom...

⟶ Start listening

Kevin Coldiron – The Rise of Carry

April 11, 2022

Carry trades have existed since the beginning of time. Rarely have we run into periods like today that have caused so many investors to be seemingly smart. In this episode, … Kevin Coldiron...

⟶ Start listening

Peter Stark- Astoria

March 28, 2022

Financial success and frontier exploration, but at what cost?  In this episode, Cole is joined by Peter Stark, author of the book Astoria, to discuss America’s first millionaire, John Jacob Astor, … Peter Stark-...

⟶ Start listening

Mark Mills – The Bottomless Well

March 14, 2022

As the world becomes more energy efficient, demand will always remain high.  In this episode, Cole and Bill Smead speak with Mark Mills, co-author of the book The Bottomless Well: The … Mark Mills...

⟶ Start listening

Amity Shlaes – The Forgotten Man

February 28, 2022

The stock market crash of 1929 will forever be considered one of the darkest hours of the U.S. economy. Decades later, many economists are still searching for the exact reasons … Amity Shlaes...

⟶ Start listening


Scroll to Top