Sara Menker, founder of Gro Intelligence and former Morgan Stanley commodities trader, reflects on Wall Street colleagues hoarding gold during the 2008 financial crisis.
0:00 / 0:04exact quote · 4.5s
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“Like if you think the world's coming to an end, like that just gold seems like the worst investment idea.”
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More from Sara Menker
Opinion
Menker: The Russia-Ukraine war exacerbated, but did not start, the food crisis
“The Russia-Ukraine war didn't start a food security crisis. It added fuel to an already, like, long burning fire. And I think it's really, really important to sort of highlight that, because if the war went away tomorrow, the crisis we're in doesn't go away, r…”
Sara MenkerDec 8, 2022▶ 16:55HIBT Lab! Gro Intelligence: Sara Menker
AssertionNot checkable as stated
Menker: Gro predicts data months before the USDA with near-perfect accuracy
“Even in the U.S., our models are predictive and accurate four to six months in
In advance of when the USDA comes out with its numbers within like, 98 to 99% accuracy.”
Sara MenkerDec 8, 2022▶ 31:09HIBT Lab! Gro Intelligence: Sara Menker
AssertionNot checkable as stated
Menker: Gro insights outpace foreign government agricultural reports by two years
“In places like India, in places like Russia, in places like China, in places like Africa, our lead time for sort of our insights is one to two years at times.”
Sara MenkerDec 8, 2022▶ 31:26HIBT Lab! Gro Intelligence: Sara Menker
AssertionPartly supported
Menker: China transitioned into a structural importer of core grains in 2020
“In twenty-twenty, it turned into a structural importer of grains. That means that the world's sort of largest economy went from being self-sufficient in some of these core grains to being insufficient.”
Sara MenkerDec 8, 2022▶ 17:53HIBT Lab! Gro Intelligence: Sara Menker
PredictionNot checkable as stated
Menker: Nitrogen shortages will cut global food supply by 216 trillion calories
“What we see now is that basically just the nitrogen problem alone is going to lead to a reduction of 216 trillion calories around the world. And that's just simply due to the fact that using less fertilizer is going to lead to a reduction in yield.”
Sara MenkerDec 8, 2022▶ 21:47HIBT Lab! Gro Intelligence: Sara Menker
Insight
Menker: Global food security requires understanding complex agricultural systems first
“At some point it became clear to me, we were like trying to fix a system we didn't even understand.”
Sara MenkerDec 8, 2022▶ 6:30HIBT Lab! Gro Intelligence: Sara Menker
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