Impact Theory
Felix Prehn in conversation with Tom Bilyeu
A former investment banker's reading of capital flow, risk, and the decisions that precede a position.
The Felix Prehn Podcast
The Felix
Prehn Podcast
Tune in to the Felix Prehn Podcast for a former investment banker’s perspective on the latest market moves.
Available on
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Featured conversations
In conversation.
Kitco News
Felix Prehn on Kitco News
Dollar weakness, commodity positioning, and where institutional capital moved during the drawdown.
The Felix Prehn Podcast
Felix Prehn and Jim Rogers in conversation
Jim Rogers on commodities, currency cycles, and the conditions he watches before committing capital.
Recent episodes
Published weekly.
Episodes are released on YouTube and every major podcast platform.
Watch on YouTubeThe Global Collapse of 2026 — Iran, Dollar, and Defence Stocks
Felix Prehn on why dollar weakness reduces purchasing power and what sectors absorbed institutional capital while broad indices fell.
The Sunday System
How Felix Prehn structures a week of positioning from a single hour of chart review. Risk sizing before entry. The heartbeat pattern.
Follow Institutional Money: Five Positions
Chart structure first. The sideways consolidation pattern. A breakout above the 50-day moving average on rising volume.
AI Debt and the 401(k) Risk
Felix Prehn on vendor financing at scale inside the AI infrastructure build-out, and the exposure sitting inside retirement accounts and index funds.
Reading a Central Bank Statement
What the wording of a rate decision indicates about the conditions a position will be held in.
Position Sizing When Volatility Rises
Adjusting exposure as conditions change, and the arithmetic institutional desks apply before they add risk.
The podcast is produced by Goat Academy and presented by Felix Prehn, economist and former investment banker, trained in London and Hong Kong.
Episodes are published for education and general information only and do not constitute financial, investment, or tax advice. Guests appear in conversation and do not endorse Goat Academy or any Goat Academy programme, and no outlet on which an episode appears endorses Goat Academy. Trading and investing carry the risk of loss, and no result or income is promised.