To me, being the host of a podcast is way (like, WAYYYYY) easier than being the guest on a show.

I like pulling the thread until the sweater unravels. I start feeling weird when someone is interested in pulling on my thread. I can and will do it. There’s an ever-tempting ego stroke that comes with somebody even wanting to have you on in the first place. But then, as you start thinking about what questions you might be asked, or worse, after you’ve done it and you’re trying to remember or rationalize things you said, it can occupy a little too much headspace.

But, Kevin Muir has let me feature him multiple times, and both his writing at The Macro Tourist and his Market Huddle podcast are some of my personal favorites, so when he asked if I’d come on, I had to say yes.

I told my partner in all things podcast, Jack Forehand, that I had been invited on and he started laughing. In a good way. In a loving friend way. “Why do these macro podcasts invite you on when they know you’ll say nothing? We’re worse than people without takes, we’re people who will admit to not having takes. It’s amazing you can do this and pull it off.” Or something like that.

And he’s right.

I pointed out the obvious detail.

“Maybe this should be part of our strategy. We can guest on shows, not make any predictions or statements of value, tank their results, and - via sabotage, our shows can relatively rise while the competition struggles. It’s kind of brilliant!”

We had a good laugh. And time marched on. I did the show with Kevin.

Kevin’s a great host. He’s aware of his audience. He told me before we started that his fear was we could talk about everything BUT markets and while we’d have fun, the audience would be confused and probably just click off. I promised to do my best of talking about stuff. I want to be a good guest, after all.

So we did talk markets. I did my best not to just say, “I don’t know. Next.” I did my best to think about the ways we talk about this with clients, and also reveal some of the professional tricks of the trade while I did so.

The biggest of which being one I’ve talked about with Jason Buck probably the most - how everybody is full of religion, and the best thing we can do as advisors and allocators is to accept people come to the table with all sorts of beliefs in their ideas that we can’t do anything about.

A person can be as smart and rational as the day is long, but at night, they still might have crazy dreams, or worse, actually act out some crazy stuff that makes no sense in perspective. To me, those are religions, and the magic of working with a broad range of people is learning to co-exist and tolerate all of those religions, while helping people towards their best interest.

I hope I got that across. I may not know where interest rates are headed, or what big IPOs mean for markets in 2026, but I do know that humans are some freaky little pyschos, and that makes markets and human psychology fascinating.

Since I’m fairly certain the average Market Huddle viewer will have no idea what to make of me, do me a favor and give this a click.

Jack and my Excess Returns sabotage strategy depends on it. I will keep guesting on shows until we are the last finance podcast standing. I don’t care if it’s noble or not, I’m having fun.

PS. if you don’t follow him, here’s Kevin on twitter, at his site, and as my guest on Excess Returns, and (my personal favorite, telling his life/career story) on The Intentional Investor.