Harris Kupperman, founder and president of Praetorian Capital, presents his views on investing in a potentially recessionary environment and what he describes as a heavily saturated stock market. Kupperman doesn't pull any punches addressing the Silicon Valley venture capital space, calling the mantra of growth over profit, "Ponzi finance." He reveals his process for a "long/short" approach and details several of his recent plays — including beaten down shipping stocks, for-profit colleges, and uranium mines. He also explains why investors are passing on otherwise solid industrials and energy stocks - pointing out to the excessive stock growth of large tech companies, which he comically calls "ESG." Filmed October 9, 2019 in New York.