This is NOT 2008 | Harris Kupperman

Published: March 17, 2023, 1:25 p.m.

Harris \u201cKuppy\u201d Kupperman, chief investment officer of Praetorian Capital, returns to Forward Guidance to explain why he doesn\u2019t think the ongoing turmoil in the regional banking system will have much effect outside on the economy or markets. He explains why he thinks the banking businesses do not make great investments. When Jack Farley asks what he does like, Kuppy\u2019s answer is simple: oil. He explains why he remains exceptionally bullish on \u201cblack gold\u201d and also shares a stock which he has invested in: Journey Energy. Lastly, Kuppy shares his \u201cdo\u2019s and don\u2019ts\u201d of investing. Filmed the afternoon of March 16, 2023.\n\nFollow Harris \u201cKuppy\u201d Kupperman on Twitter: https://twitter.com/hkuppy\nKuppy\u2019s Event Driven Monitor (KEDM): https://kedm.com/\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n\nUse code GUIDANCE10 to get 10% off Permissionless 2023 in Austin:\nhttps://blockworks.co/event/permissionless-2023\n\nResearch, news, data, governance and models \u2013 now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/\n____\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\nhttps://rb.gy/5weeyw\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \u201cDaily Debrief\u201d Newsletter: https://rb.gy/feusos\n____\nTimestamps:\n(00:00) Intro\n(01:58) The Run on Silicon Valley Bank\n(03:49) Will Measures By Fed Treasury & FDIC Be Enough To Prevent Future Panics?\n(05:55) Kuppy on Bank Stocks\n(10:26) Are Rising Rates Good Or Bad For Banks?\n(15:05) Blockworks Research\n(16:04) Kuppy Is Very Bullish On Oil\n(25:34) Natural Gas\n(29:10) Journey Energy\n(31:41) How To Value Oil Companies\n(36:14) Hedging At Oil Companies\n(37:33) Permissionless\n(38:36) Kuppy's Shorter-Term Market Views\n(44:19) Kuppy's "Dont's" of Investing\n(49:55) KEDM\n____\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.