Guests on @m_jylha’s Pörssipodi were Chief Economist Pasi Kuoppamäki from Miltton and CEO Charly Salonius-Pasternak from Nordic West Office
In the International Monetary Fund’s bleakest assessment, global economic growth slows to two percent as a result of the war in Iran, which according to the IMF’s definition means a recession. At the same time, inflation would rise to over six percent. Employment and inflation targets are pulling monetary policy in different directions, and there is no end in sight for the conflict. Did Donald Trump make his biggest mistake yet by attacking Iran? Discussing the topic are Chief Economist Pasi Kuoppamäki from Miltton and CEO Charly Salonius-Pasternak from Nordic West Office. Hosted by Mikko Jylhä.
Topics:
00:29 Introduction 01:38 Trump and the war in Iran 19:23 NATO unity? 22:48 AI in defense 34:15 Economic impacts of war 45:32 Breaking free from imported energy 50:40 Finland’s economy, AI 59:03 Hungarian election result 1:07:10 Conclusion
Sijoituskästi had an interesting guest, Ville Leino. The episode covered topics such as entrepreneurship, elite sports, and transferring lessons learned from it to business, etc.
Topics:
0:00 Intro 2:20 How did you fit into hockey culture? 7:54 Shouting at Raipe during a game 11:47 First NHL contract and game 14:24 From the AHL straight to the NHL’s first line 17:33 Pressures of being a late bloomer 23:52 Finest memories of the NHL career 27:52 What did rising to stardom in the NHL do to your mind? 31:22 Is it true that the first shot of every game went in? 33:17 Buffalo contract (27 million) 34:42 What were you thinking when Buffalo offered the contract? 41:04 Did the Buffalo contract create pressure? 43:49 Why wasn’t Leino played in prime time in Buffalo? 45:44 How much did public salary figures and the media affect you? 47:15 How can a lung collapse? 49:52 Which led to the career decline – injuries or mental toughness? 51:11 Your NHL career was laughed at in meme videos 52:56 How did you hear that your NHL career was ending? 54:56 What was the drive from Boston like when you knew it was all over? 56:44 You were bought out of the NHL? 58:54 Were you a big spender? (Louis Vuitton trunk) 1:04:45 What has been your dumbest purchase? 1:07:50 How did you end up founding Billebeino? 1:12:01 How fast did Billebeino start growing? 1:14:28 What was the transition from athlete to entrepreneur like? 1:17:33 How have you utilized lessons from your hockey career in entrepreneurship? 1:20:24 What concrete things have you taken from NHL team lessons to Billebeino? 1:24:08 Billebeino’s corporate restructuring 1:43:08 What next after the restructuring? 1:50:01 What’s left of the NHL career money? 1:53:08 Do you invest money in anything? 1:56:33 Opinion on cryptos?
Exactly. It’s mainly a sports and social media star podcast nowadays. If there’s no more talk to be had about stocks and funds, I would have liked to hear about more unusual investment targets and countries instead. I’m sure there are experts from very niche fields who would have plenty to say about the most curious topics. The first thing that comes to mind is the trendy energy sector, for example. Things like the power exchange and electricity trading are so poorly understood that I’d love to hear a segment on them.
In terms of investment podcasts, the interesting guests have significantly decreased for me. Initially, I was completely their target audience, but I guess as investors we have to understand that the market economy dictates the terms. If social media stars and celebrities bring in more listeners, why force a podcast for a niche of a few thousand people out of cash flow.
Listeners are what matters in that industry, so I completely understand why the format has changed. Despite my understanding, my own listening has decreased to maybe about 5% of the episodes.
This is also not a critique or a “hater” comment. I wish the guys a long career and a fat paycheck on their chosen path!
Vesku Puttonen was a guest of @Karo_Hamalainen. The brothers, familiar from the “Alokas haastattelee” (Rookie Interviews) thread, discussed interesting topics, especially energy drinks!
“Transforming from an ant into a grasshopper is certainly no easy task, but now that I’ve been practicing it for a while, the dancing and singing do feel quite good,” says Vesa Puttonen, Professor of Finance.
He is referring to the fact that in recent years he has actively sought to change his spending habits. Instead of constantly accumulating wealth, he has made spending money a programmatic task and has drawn up a consumption budget for himself, just as savers are advised to budget their savings.
”At the end of the year, I’m satisfied when I’ve fulfilled my consumption budget.”
Switching to consumption mode doesn’t, of course, mean that Puttonen isn’t seeking returns on his investments. After all, that’s essentially the point of the investment game.
”It’s incredibly interesting to follow what’s happening in companies. How good it feels to succeed in an investment! Whether the investment portfolio drops by 10 percent today has no impact on my life now or in the future.”
At the “Grill,” they also talk about current phenomena in the investment world, such as markets becoming less efficient. Vesa Puttonen also explains why he has invested in F-Secure and why he has reduced his stake in Eagle Filters.
The episode also answers a question that has stirred up the social media audience: Why is ED energy drink specifically the finance professor’s favorite?
Portfolio manager Pasi Havia has allocated most of his fund’s portfolio to AI and technology.
The episode covers the entire AI value chain: from data center power generation to Nvidia’s chips and memory bottlenecks. Additionally, Havia explains why software companies should currently be avoided as investment targets.
Havia also reveals how he vibe-codes his own investment tools using AI.
@m_jylha’s latest episode of Pörssipodi is here for you in honor of Friday.
Podcasts have become an important source of information for investors. Nordnet’s Rahapodi and Traders’ Club have established their place in the investment discussion. Kesko utilizes podcasts and influencer communication through commercial partnerships. Mimmit sijoittaa has grown into a multi-channel media outlet that produces podcasts, organizes events, and writes about finance. How to utilize podcasts in your own communication? At the Miltton Phenomenal event, the topic was discussed by Investor Relations Director Hanna Jaakkola from Kesko, Chief Operating Officer Evita Lestinen from Mimmit sijoittaa media, and Country Manager Suvi Tuppurainen from Nordnet Finland. Hosted by Mikko Jylhä.
Topics:
00:15 Introduction 03:12 Nordnet’s branded products 08:29 Investor sentiment 11:37 Hanna on IR work 13:00 Kesko: podcasts and influencers 22:15 Mimmit sijoittaa media 31:23 Importance of personal brands 39:27 About listener profiles 41:01 Supply and competition 43:27 Can a podcast replace text? 48:31 AI-generated content 53:05 When to start your own podcast?
@m_jylha:n’s guest was portfolio manager Petter Langenskiöld from Evli
The most important market themes are currently AI, energy, and national indebtedness, lists portfolio manager Petter Langenskiöld from Evli. In his work, he manages three funds, of which Evli Silver and Gold, which invests in gold and silver mining companies, returned over 150 percent last year. The fund was established in 2016 on the assumption that national over-indebtedness and central banks’ record-breaking indirect financing of their own states would significantly strengthen gold and silver prices. Langenskiöld utilizes contrarian investing, and in addition to AI sufferers, he is currently interested in, for example, the European automotive industry. Interviewed by Mikko Jylhä.
Topics:
00:24 Indebtedness and central banks 27:07 Gold mining companies and precious metals 40:24 Cryptos, the dollar’s dominance 54:18 AI sufferers, Evli Hannibal 1:12:17 British stock market 1:16:46 Investment environment now? 1:24:11 Real estate investment companies 1:31:11 The most important market themes 1:38:24 Warsh starts at the Fed
This guest’s delivery was somehow difficult for me to follow. I’m not sure, it could be that Finnish is a second language for them, but it was somewhat challenging
Guest starring on @m_jylha’s Pörssipodi this time was Aaron Kaartinen
Investor Aaron Kaartinen worked for years as an equity analyst but left his day job in 2021. This life change was made possible by a stock portfolio that included both Revenio Group and Qt Group. Recent years have been difficult for small-cap companies, but Kaartinen still trusts them. He searches for targets in the Nordics and Europe and is interested in turnaround cases in addition to growth companies. How many small turnaround companies actually end up turning around? What is the weight of macroeconomic events in Kaartinen’s investment decisions? Interviewed by Mikko Jylhä.
Topics:
00:26 Leaving the day job 10:51 Importance of macro 18:09 Exiting Duell 21:52 AI progress 28:01 Turnaround companies 37:30 The past small-cap boom 49:03 Revenio Group, Qt 58:31 Lindex Group 1:01:06 Coffee Stain and gaming 1:08:27 Shelly Group 1:13:27 Dellia, the largest in the portfolio 1:21:40 Conclusion
Verneri was a guest on Sijoituskästi (Investment Podcast)!
In this episode, our guest is Verneri Pulkkinen, with whom we dive into the intersections of history, economics, and investing. The discussion explores why history often helps us understand the modern world better than the hectic news cycle, and in what ways today’s globalization, superpower tensions, and alliances resemble previous turning points in history. The episode covers lessons from World War I, the slow maturation of technologies, the recurring psychological patterns of stock market bubbles, and how wars and crises have historically impacted the stock markets. Finally, we discuss long-term assumptions for stock returns, the difficulty of market timing, the role of saving and debt in the economy, and how an investor should approach history: not as a prediction machine, but as a tool for thinking.
Topics:
0:00 Intro 2:03 If you want to understand the present: History vs. news media 7:05 In what way does history flirt with the past? 10:32 Inventions that were already invented 100 years ago 12:24 Current situation vs. WW1 14:55 Why did World War I break out? 20:47 Do wars and the stock market tend to follow the same pattern? 26:11 Do the 9% returns of the past and future hold true? 30:59 How did the economy react to WW1 and how did it recover? 33:49 Is deflation a serious matter? 39:45 Claim: “A wealthy person’s earnings are taken from others” 45:07 Did anything good come out of WW1 for people? 46:53 How did we move into an even more terrible conflict 20 years later – WW2? 50:47 How did the Nazis rise to power and gain such popularity? 52:15 How did WW1 and WW2 differ from each other? 54:51 Was WW2 the worst time to invest? 57:40 What good did WW2 bring? 1:00:39 Most significant wars after WW2 1:04:17 Raw materials and innovation 1:08:02 Cause-and-effect relationships of the Middle East conflict to Finland 1:13:29 Under-reported issues in relation to their importance 1:16:55 Has the US stock market always been sustained by just a few companies? 1:21:35 On what day will the stock market crash? 1:23:29 Historical indicators of a stock market bubble 1:28:15 How would you characterize the present moment – what is relevant? 1:40:43 Opinion on cryptos?
Exactly. It’s mainly a sports and social media star podcast nowadays. If there’s no more talk to be had about stocks and funds, I would have liked to hear about more unusual investment targets and countries instead. I’m sure there are experts from very niche fields who would have plenty to say about the most curious topics. The first thing that comes to mind is the trendy energy sector, for example. Things like the power exchange and electricity trading are so poorly understood that I’d love to hear a segment on them.
