In the Company of Mavericks - Global Entropy & Common Derangements with Marvin Barth

In this episode, Progressive's Jeremy McKeown has a conversation with Marvin Barth, author of the Thematic Markets and Seriously, Marvin?! Substacks. Marvin is what Jeremy would call an evolved policy wonk. A PhD economist, Marvin’s career includes working for The Federal Reserve, the Bank for International Settlements, the US Treasury Department and several major Wall Street banks. He has a well-informed and holistic view of the world and its core drivers, which should be interesting to everyone, but particularly those trying to understand how to position long-term investment portfolios in these chaotic and challenging times. Jeremy was keen to speak to Marvin about his Global Entropy framework, which he first outlined on his “paid for” Thematic Markets service two years ago, but has recently republished along with an epilogue on his non-paywalled Substack, Seriously, Marvin! In a wide-ranging discussion, they discussed what Global Entropy is and how it has commonly been interpreted by differing versions of cognitive dissonance or derangements among universalist liberal elites.