Rob and Jacob take a step back from a crazy week to talk about some of the other stories that have been outshone by the explodey events of the week: port strikes in the U.S., the pitfalls of protectionism, Brazilian success, insurance markets, and more. The podcast delves into the significant labor unrest currently affecting ports on the Gulf and East Coast of the United States, marking the first major strike since 1977. Jacob Shapiro and Rob Larity explore the implications of this strike, particularly its potential impact on the supply chain during the crucial holiday shipping season and the broader economic consequences, including inflationary pressures. They draw parallels to past labor movements and discuss the evolving dynamics of labor and production in the U.S., highlighting the challenges posed by automation and protectionist policies. The conversation also touches on the geopolitical context, emphasizing how current events in the Middle East and elsewhere are intertwined with domestic labor issues. Furthermore, they reflect on the inadequacies of insurance coverage in light of recent flooding in North Carolina, illustrating the hidden vulnerabilities within both personal and corporate risk management.

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Timestamps:

• 00:01 - Intro
• 00:47 - Port Strikes in the US and Historical Context
• 09:50 - Impact of Port Strikes on Supply Chains
• 39:57 - Insurance and Risk Management Insights
• 53:25 - Brazil's Economic Situation and Credit Ratings
• 54:55 - Conclusion and Final Thoughts

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Jacob Shapiro Site: jacobshapiro.com

Jacob Twitter: x.com/JacobShap

CI Site: cognitive.investments

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Cognitive Investments is an investment advisory firm, founded in 2019 that provides clients with a nuanced array of financial planning, investment advisory and wealth management services. We aim to grow both our clients’ material wealth (i.e. their existing financial assets) and their human wealth (i.e. their ability to make good strategic decisions for their business, family, and career).

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Disclaimer: Cognitive Investments LLC (“Cognitive Investments”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Cognitive Investments and its representatives are properly licensed or exempt from licensure.

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor

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