In this episode, geopolitical strategist and macro investor David Murrin joins host Steve Yang to break down the world through the lens of long term war and empire cycles. Murrin explains why he believes the West is in the late stages of its current cycle, why entropy is rising across political, financial, and social systems, and how that translates into real world risk for investors and citizens. Drawing on four decades of professional investing, Murrin challenges the idea of true black swans. He argues that so called surprises are usually the result of bad models and missed signals. Using his…

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