Part 2 of 2

In Part 2 of our interview with renowned historian Niall Ferguson, we discuss the new challenges facing America’s economic and military dominance, as well as what they mean for investors.

WEALTHTRACK Episode #2152 broadcast June 27, 2025

Listen to the audio-only version here:

Niall Ferguson

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NIALL FERGUSON

Senior Fellow, Hoover Institution, Stanford University

ACTION POINT

THINK DEFENSIVELY IN A PORTION OF YOUR PORTFOLIO

Global shocks: tariff wars and geopolitical shifts have consequences

not always immediate
not always predictable

What works in periods of heightened uncertainty?

Cash
Short-term bonds
Gold

BOOKSHELF

Colossus: The Rise and Fall of the American Empire by Niall Ferguson

The Ascent of Money: A Financial History of the World by Niall Ferguson

Doom: The Politics of Catastrophe by Niall Ferguson

Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb

ONE INVESTMENT

FERGUSON: INTERNATIONAL DIVERSIFICATION

Exciting opportunities outside of US:

Argentina’s economic turnaround under President Javier Milei
Rollout of internet and mobile telephony in emerging markets
Financial technology, including financial services internationally

FROM THE WEALTHTRACK ARCHIVES

Niall Ferguson’s previous appearances on WEALTHTRACK