{"podcast":{"title":"Less Noise, More Signal","slug":"less-noise-more-signal-7015424","podcast_index_feed_id":7015424,"rss_url":"https://feeds.fountain.fm/Tkp8ve9N2p86ZGOVfvrw","website_url":"http://www.lessnoise-moresignal.com","image_url":"https://feeds.fountain.fm/Tkp8ve9N2p86ZGOVfvrw/files/COVER_ART---DEFAULT---432e0179-9b61-4c8d-9e34-6325f646bf05.jpg","author":"Less Noise, More Signal","episode_count":135,"summary":"Welcome to Less Noise, More Signal. In a world saturated with news, hype, and endless chatter, finding clarity can seem like searching for a needle in a haystack. I’ve taken on this challenge and made it my mission to cut through the noise by amplifying the signal. Who am I? I’m Pascal Hügli. With a background in political philosophy, a career in investment management, and a deep expertise in Bitcoin and digital assets, I’m here to explore the ideas and connections that others do not bother to see. It’s not just about finding the right answers; it’s about asking the right questions. In each episode, I interview the most insightful thinkers in their respective fields. Every guest contributes a vital piece to the puzzle, helping us form a clearer picture of the forces shaping our world of macro, finance, and money. Listen in as my guests and I tilt the balance from noise to signal, one podcast episode at a time. Ready to elevate your understanding? Let’s dive in.","last_synced_at":"2026-06-18T06:17:33.404992+00:00","page_url":"https://stenobird.com/podcast/less-noise-more-signal-7015424"},"episode":{"title":"The Hidden Fragility Inside Every Portfolio","slug":"the-hidden-fragility-inside-every-portfolio","published_at":"2026-05-28T16:00:29+00:00","page_url":"https://stenobird.com/podcast/less-noise-more-signal-7015424/the-hidden-fragility-inside-every-portfolio","show_page_url":"https://stenobird.com/podcast/less-noise-more-signal-7015424","url":"https://feeds.fountain.fm/Tkp8ve9N2p86ZGOVfvrw/items/6NFFSwUXYKn2ewZApxaz/files/VIDEO---DEFAULT---c770b5f6-9130-4b31-90f1-b375c8070d7b.mp4/ORIGINAL.mp3","audio_url":"https://feeds.fountain.fm/Tkp8ve9N2p86ZGOVfvrw/items/6NFFSwUXYKn2ewZApxaz/files/VIDEO---DEFAULT---c770b5f6-9130-4b31-90f1-b375c8070d7b.mp4/ORIGINAL.mp3","summary":"▬▬▬ DISCUSSION ▬▬▬▬▬▬▬▬▬▬ 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk ▬▬▬ EPISODE ▬▬▬▬▬▬▬▬▬▬ In this in-depth interview, risk expert David Dredge shares insights on market fragility, risk management, and the future of global finance. Discover how convexity, volatility, and systemic risks shape investment strategies in today's complex economic landscape. Follow David Dredge 👉 https://x.com/convexitydredge ▬▬▬ SUPPORT ▬▬▬▬▬▬▬▬▬▬ ⚡️LNMS on Lightning: lnms@ln.mtpelerin.com ₿ BTC-Address: bc1qmk7gfdnrdegnmnrtnacj6rslan0y6v29kdlf9p 💵 https://buy.stripe.com/9B600k5Tscv33Ue4zRdby00 Twint: https://go.twint.ch/1/e/tw?tw=acq.Z7L1opJwS72nbGgEMY4w3ILkf67JAEyEFmXrtoKoUbONWSsjLDDQIhNx5ReanPy7 . ▬▬▬ LINKS ▬▬▬▬▬▬▬▬▬▬ 📰 LNMS Newsletter: https://lessnoisemoresignal.substack.com/ 🎧 LNMS on Apple: https://tinyurl.com/4apksnyn 🎧 LNMS on Spotify: https://tinyurl.com/ttha8kku 🎧 LNMS on Rumble: https://tinyurl.com/4k96c7tw 🎧 LNMS on Fountain: https://tinyurl.com/5dsbbj5p 🌐 LNMS Website: https://www.lessnoise-moresignal.com/ 📖 Bitcoin Book: https://www.amazon.de/dp/1967693013 🎧 LNMS on YouTube: https://tinyurl.com/4jfhr4zn ▬▬▬ SOCIALS ▬▬▬▬▬▬▬▬▬▬ Follow on X👉 https://x.com/pahueg Follow on Nostr 👉 https://primal.net/pascal Follow on LinkedIn 👉 https://www.linkedin.com/in/pascal-huegli/ ▬▬▬ CHAPTERS ▬▬▬▬▬▬▬▬▬▬ 00:00 Intro 01:58 Understanding Market Dynamics and Risk 07:47 The Importance of Convexity in Investment Strategies 15:47 Navigating Volatility and Risk Management 23:29 The Fragility of the Bond Market 29:40 Future Implications and Market Predictions 37:48 Inflation and Interest Rates: A Fragile Balance 40:58 The Hunger Games of Bond Issuance 45:34 Global Competition and Resource Wars 51:54 The Shift in Economic Dynamics 56:40 The Declining Taxpayer Base and Its Implic…","meta_description":"▬▬▬ DISCUSSION ▬▬▬▬▬▬▬▬▬▬ 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk ▬▬▬ EPISODE ▬▬▬▬▬▬▬▬▬▬ In this in-depth interview, risk expert…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4443,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/less-noise-more-signal-7015424/episodes/the-hidden-fragility-inside-every-portfolio/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/less-noise-more-signal-7015424/the-hidden-fragility-inside-every-portfolio.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}