Lawrence Lepard
Fix The Money, Fix The World
Lawrence (Larry) Lepard is a seasoned investment manager, venture capitalist, and vocal advocate for sound money principles, with a career spanning over four decades. He is the founder and managing partner of Equity Management Associates (EMA), an investment firm established in 2006 that focuses on "Monetary Debasement Insurance" through investments in gold, silver, precious metals mining companies, and Bitcoin. His investment philosophy is rooted in protecting wealth from inflation and economic instability, which he attributes to flawed monetary policies.
Early Life, Education & Career
Larry earned a Bachelor of Arts in Economics from Colgate University and later an MBA with Academic Distinction from Harvard Business School. His academic background in economics laid the foundation for his deep interest in monetary systems and financial markets.
In 2003, he shifted his focus to growth-at-a-reasonable-price investing. The 2008 Global Financial Crisis (GFC) was a pivotal moment, radicalizing his views on monetary policy due to government bailouts, quantitative easing (QE), and zero interest rate policies (ZIRP). Since then, he has concentrated on hard assets—gold, silver, and, more recently, Bitcoin—as hedges against inflation and currency debasement.
At EMA, Larry manages funds that invest in precious metals miners and Bitcoin related opportunities. In addition, he is a Director at several gold mining companies, including Lavras Gold Corp., Cabral Gold Inc., and Zodiac Gold Inc. – including a position on its advisory board. His expertise in precious metals and capital markets has made him a respected figure in the industry.
Sound Money Advocacy
A prominent advocate of the Austrian School of Economics, Lawrence Lepard, an experienced investment manager, champions a philosophy rooted in free markets, limited government intervention, and sound money backed by tangible assets like gold and silver.
Larry argues that central banks’ ability to issue unbacked currency undermines purchasing power, fuels persistent inflation, widens wealth inequality by benefiting asset holders over wage earners, and sets the stage for recurring economic crises. He passionately calls for a return to sound money—whether through gold, silver, or decentralized assets like Bitcoin—as both a moral imperative and a practical solution to promote economic stability, safeguard individual wealth, and create a fairer financial system.
Bitcoin & Decentralization
Since embracing Bitcoin post-2008, Lepard has become a vocal supporter, viewing it as a decentralized alternative to fiat currencies. He believes Bitcoin, alongside gold, can protect against the “debt doom loop” and restore economic fairness by bypassing centralized financial systems. His discussions on Bitcoin’s potential often highlight its alignment with sound money principles and its ability to empower individuals against inflationary policies.
Public Presence
Larry is highly active on X under the handle @LawrenceLepard, where he has amassed over 200,000 followers. He uses the platform to discuss sound money, inflation, Bitcoin, and macroeconomic trends, often engaging with both supporters and critics. He frequently appears on podcasts, including What Bitcoin Did, The Investor’s Podcast Network, and Kitco News, where he elaborates on monetary policy, gold, and Bitcoin’s role in portfolios.
Legacy & Impact
Larry Lepard’s work bridges traditional finance with emerging decentralized systems. His book and public commentary aim to educate people on the risks of unsound money and the potential of alternatives like gold and Bitcoin. He warns of an impending economic crisis due to unchecked money printing but remains optimistic about technological advancements and sound money solutions restoring stability.