In this episode of Excess Returns, Matt Zeigler sits down with Rupert Mitchell—founder of Blind Squirrel Macro—for an insightful, opinionated, and often humorous discussion on global market dynamics, the Mag 7, structural portfolio shifts, and what it takes to be a successful generalist investor. From the “Chart of Truth” to the hidden value in tire stocks, Rupert brings decades of experience and a distinctive lens to markets, risk, and opportunity.
🔍 Topics Covered:
Why European pension funds are rethinking U.S. equity exposure
The “Chart of Truth” and its implications for global allocations
The unexpected strength of retail investors in recent rallies
Mag 7 dominance, Nvidia’s market impact, and AI euphoria
Why Apple might be the ultimate funding short
A deep dive into the “Bushy” portfolio and why 60/40 is broken
How inflation volatility shapes asset choices and international diversification
The case for owning Goodyear and Korean utilities
The problem with adjusted EBITDA and financial storytelling
How being a generalist can be a competitive investing edge
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