Podcasts about hedge funds

The scion of a commodity trading fortune goes missing after his hedge fund implodes.SponsorsKick.co - https://ohmyfraud.promo/kick Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CEDownload the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH CALEBTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Sources:IntroWe had AI analyze 50 hours of sports on TV. t detected gambling ads everywhere. Has the marketing gone too far? [WaPo]Former JAFCU head, husband sued for allegedly embezzling $91M [WLBT3]Filings reveal former JAFCU head likely facing criminal charges [WLBT3]Sam Israel IIISam Israel Jr., a Leader In Coffee Trading, Dies [NYT]A Con Man Who Lives Between Truth and Fiction [NYT]Hennessee Group ~40 Clients/$56M [SEC Admin. Order, IA Release No. 2871] — https://www.sec.gov/files/litigation/admin/2009/ia-2871.pdfBayou 2003 Deposits Exceeded $125M [SEC Complaint, 05-CV-8376] — https://www.sec.gov/files/litigation/complaints/comp19406.pdfBayou Clawback 95 Adversary Proceedings [Bankruptcy Court Filing] — https://www.govinfo.gov/content/pkg/USCOURTS-nysb-7_06-ap-08422/pdf/USCOURTS-nysb-7_06-ap-08422-0.pdfSamuel Israel III [SEC Litigation Release] — https://www.sec.gov/litigation/litreleases/lr19406.htmSamuel Israel III [SEC Press Release] — https://www.sec.gov/news/press/2005-139.htmBayou Group [CFTC Press Release] — https://www.cftc.gov/PressRoom/PressReleases/5121-05Samuel Israel III [DOJ Sentencing Release] — https://www.justice.gov/archive/usao/nys/pressreleases/April08/israelsamuelsentencepr.pdfBayou Victims Forfeiture [DOJ Release] — https://www.justice.gov/usao-sdny/pr/victims-bayou-hedge-funds-receive-another31-million-forfeited-assets-including-millionsJames Marquez Co-Founder [InvestmentNews] — https://investmentnews.com/industry-news/news/bayou-mastermind-gets-20-year-sentence-14877James Marquez Sentencing [InvestmentNews] — https://www.investmentnews.com/industry-news/news/former-bayou-ceo-sentenced-to-jail-13386Samuel Israel III Manhunt [Fox News] — https://www.foxnews.com/story/hedge-fund-swindler-admits-staging-suicide-to-avoid-jailSamuel Israel III Sentencing [Fox News] — https://www.foxnews.com/story/hedge-fund-swindler-gets-more-prison-time-for-trying-to-avoid-20-year-sentence.ampSamuel Israel III Surrender [NBC News] — https://www.nbcnews.com/news/amp/wbna25495609Samuel Israel III Disappearance [CBS News] — https://www.cbsnews.com/news/cops-hedge-fund-swindler-no-suicideThe Search for a Missing Trader Goes Global [New York Times] — https://www.nytimes.com/2008/06/14/business/14bayou.htmlDid Fees at Bayou Overwhelm Diligence? [New York Times] — https://www.nytimes.com/2005/08/30/business/did-fees-at-bayou-overwhelmClues to a Hedge Fund's Collapse [New York Times] — https://www.nytimes.com/2005/09/17/business/clues-to-a-hedge-funds-collapseSeveral Prominent Firms Invested in Bayou Hedge Funds [WSJ] — https://www.wsj.com/articles/SB112536690332726357State May Have $100 Million Of Bayou Funds [WSJ] — https://www.wsj.com/articles/SB112541229967826650Spotting a Bayou Before You Fall Into It [WSJ] — https://www.wsj.com/articles/SB112544063792727124Bayou Is Probed as Investors Seek Their Cash [WSJ] — https://www.wsj.com/articles/SB112493803797122773Suits Target Fund's Early Pullouts [WSJ] — https://www.wsj.com/articles/SB115621287849341876Bayou Investors Who Got Out Early Lose Their Bid [WSJ] — https://www.wsj.com/articles/SB118679292540994807Hedge-Fund Havoc: Missing Cash And a Principal's Suicide Note [WSJ] — https://www.wsj.com/articles/SB112509707359124571Robert Booth Nichols $10M Docket [CourtListener] — https://www.courtlistener.com/docket/4334434/united-states-v-israel-iii/Robert Booth Nichols Deposition [Archive.org] — https://archive.org/stream/RobertBoothNicholsDepositionSamIsraelCase/Robert+Booth+Nichols+deposition+-+Sam+Israel+case_djvu.txtHennessee Group Enforcement Action [SEC] — https://www.se...

Plus: the Securities and Exchange Commission is investigating AI-focused hedge fund Situational Awareness. And an oil tanker in the Strait of Hormuz was struck overnight. Pierre Bienaimé hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Hawk's objection is structural. Kushner holds no government position, which is what keeps him outside security clearance and financial disclosure requirements, and he is simultaneously serving as envoy on Gaza, Iran, and Ukraine while raising money for his own fund from the governments he is negotiating with. The arithmetic is the part worth watching. Steven Rattner's chart work shows the fund is almost entirely foreign capital, including two billion from Saudi Arabia over the objection of the royal family's own advisers. At a 1.25 percent management fee, three billion under management pays Kushner roughly 37 million a year whether he does anything or not. Democratic voters keep telling pollsters they want someone who will fight. Hawk's question is what a private common ground meeting signals about January. SUPPORT & CONNECT WITH HAWK- Support on Patreon: https://www.patreon.com/mdg650hawk - Hawk's Merch Store: https://hawkmerchstore.com - Connect on TikTok: https://www.tiktok.com/@mdg650hawk7thacct - Connect on TikTok: https://www.tiktok.com/@hawkeyewhackamole - Connect on BlueSky: https://bsky.app/profile/mdg650hawk.bsky.social - Connect on Substack: https://mdg650hawk.substack.com - Connect on Facebook: https://www.facebook.com/hawkpodcasts - Connect on Instagram: https://www.instagram.com/mdg650hawk - Connect on Twitch: https://www.twitch.tv/mdg650hawk ALL HAWK PODCASTS INFO- Additional Content Available Here: https://www.hawkpodcasts.comhttps://www.youtube.com/@hawkpodcasts- Listen to Hawk Podcasts On Your Favorite Platform:Spotify: https://spoti.fi/3RWeJfyApple Podcasts: https://apple.co/422GDuLYouTube: https://youtube.com/@hawkpodcastsiHeartRadio: https://ihr.fm/47vVBdPPandora: https://bit.ly/48COaTB

In this episode of the Crypto 101 Podcast, Shiliang Tang, founder and managing partner of Monarch Asset Management, joins from the Out East Summit to explain how crypto market structure is evolving through DeFi, RWAs, derivatives, and 24/7 trading. He breaks down why Monarch uses a multi-strategy approach across derivatives, market making, arbitrage, funding basis trades, and DeFi because no single strategy works in every market environment. Check out Omaha Steaks and use my code BEEF for a great deal: https://www.omahasteaks.comCheck out Scribe and use my code scribe.how/CRYPTO101 for a great deal: https://scribe.comCheck out Quince: https://quince.com/CRYPTO101Check out Shopify: https://shopify.com/crypto101Check out ShipStation and use my code crypto for a great deal: https://www.shipstation.comGet my #1 altcoin pick for this month.Get immediate access to my entire crypto portfolio for just $1.00 today! Get your FREE copy of "Crypto Revolution" and start making big profits from buying, selling,Get immediate access to my entire crypto portfolio.. just $1.00 today! Go here to get access: https://www.crypto101insider.com/cryptnation-directm6pypcy1?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Get your FREE copy of "Crypto Revolution: Your Guide To The Future of Money". In this book, I reveal how to make (and keep) a fortune during this crypto bull run! http://www.cryptorevolution.com/free?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Chapters00:00 Intro01:10 - Monarch's multi-strategy crypto approach02:05 - Where the biggest opportunities are in this bear market03:35 - RWAs, TradeXYZ, and weekend market dislocations04:10 - Derivatives vs true tokenized assets06:00 - Why traditional markets and crypto rails may run in parallel07:55 - How tokenization can improve repo markets12:00 - Why crypto is still stuck in an attention bear market13:55 - Flows, old wallets, ETFs, and key market indicators17:25 - What makes a token worth holding long term19:35 - Prediction markets as portfolio hedges23:40 - Compute trading as a new asset classSubscribe to YouTube for Exclusive Content:https://www.youtube.com/@crypto101podcast?sub_confirmation=1Follow us on social media for leading-edge crypto updates and trade alerts:https://twitter.com/Crypto101Podhttps://instagram.com/crypto_101*This is NOT financial, tax, or legal advice*Boardwalk Flock LLC. All Rights Reserved  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Fog by DIZARO https://soundcloud.com/dizarofrCreative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZAROMusic promoted by Audio Library https://youtu.be/lAfbjt_rmE8▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Our Sponsors:* Check out Omaha Steaks and use my code BEEF for a great deal: https://www.omahasteaks.com* Check out Quince and use my code quince.com/CRYPTO101 for a great deal: https://www.quince.com* Check out Scribe and use my code scribe.how/CRYPTO101 for a great deal: https://scribe.com* Check out ShipStation and use my code crypto for a great deal: https://www.shipstation.com* Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Send us Fan MailDavid Veprek is an 8-figure trader with over 10 millions of verified profits. In this podcast he sits down with 7-figure trader David Capablanca for a discussion on short selling at his office in DTLA. He began trading in 1999 with $2,000 gifted after high school graduation, coinciding with the internet boom. His early strategy involved buying shares prior to announced forward stock splits and selling post-split, capitalizing on increased retail demand due to lowered share prices. He has traded for various hedge funds and is actively sharing his trading journals with the FinTwit community. Book - Short Selling MasterPreorder David Capablanca's book - Short Selling Master Friendly Bear Conference 7Early Bird ticket for Friendly Bear Conference 7 ft. Tom Hougaard on 10/12/26 Friendly Bear UniversityGet Profitable & Master Your Trading - Memberships & Courses Now AvailableCobra TradingClick the link and get 33% off commissions for life as well as one month of free DAS Trader PlatformDavid's InstagramSubscribe for behind the scenes trading related contentDavid's X ProfileFollow David Capablanca on X!EdgeToTradeUse coupon code FRIENDLYBEAR15 for 15% off EdgeToTrade, the financial research platform for tradersAskEdgarUse Code friendlybear for 25% off for AskEdgar, the new standard for researching SEC filingsDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

Neil Finneran returns 3 years after buying a business so small it barely paid him a salary — now on pace for $800k.Register for the webinars: Learn to Avoid the #1 Reason Acquisitions Fail - TODAY!! - https://bit.ly/4qg4P9kLicenses & Regulatory Issues When Buying a Business - Tue, Aug 25 - https://bit.ly/4wTADDfTopics in Neil's interview:Neil's previous appearance on Acquiring MindsHis background in hedge fundsPain of buying smallManaging labor and no-showsImplementing a hybrid-pay model for techsThe acquisition that tripled his revenueChristmas lights services in the off seasonRising customer acquisition costsBarriers to entry in pest controlWhy his outcome diverged from Jesse Sunquist'sReferences and how to contact Neil:LinkedInMosquito Joe of Andover-PeabodyNeil's first appearance on Acquiring Minds: How to Survive Going from Hedge Funds to SMB OwnerJesse's most recent appearance on Acquiring Minds: 3 Years, $80k In: An Honest UpdateJesse's first appearance on Acquiring Minds: How to Widen Your Search to Buy a BusinessWork with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:Pioneer Capital AdvisoryGet a complimentary IT audit for acquisition diligence or post-close transition.Visit inzotechnologies.com/eta.Contact Jenny to learn how Engage can run people operations in your acquisition:Jenny Thear: jthear@engagepeo.comConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton Rohozov and produced by Pam Cameron

Manu Sai Bakshi arrived in New York with $2,500, a new wife, and a degree that wasn't recognized in the U.S. Within weeks, he was applying for a job at Macy's in Herald Square. That humbling beginning eventually led Manu into the hedge fund world, where he spent nearly a decade learning how the industry identifies and hires elite talent before launching Preeminence Advisors during COVID. In this episode, Manu joins Ilana to break down what separates great portfolio managers from mediocre ones, why reputation matters more than a quick fee, and how taking the harder path can become your greatest competitive advantage. Chapters 00:00 – Introduction 04:38 – What Is a Hedge Fund? Breaking It Down Simply 07:26 – From IBM to Macy's: Manu's First Days in New York 11:13 – The Differentiator: Cold Calling When No One Else Would 14:52 – Almost Fired—and Already Planning His Own Firm 18:24 – The Moment That Proved He Could Place Portfolio Managers 22:32 – What Makes a Great Portfolio Manager 25:17 – Why Reputation Is Everything 33:26 – Launching His Own Firm During COVID 37:22 – Building the First Client: Knock Their Socks Off 42:21 – How People Actually Become Portfolio Managers 46:40 – Manu's Favorite Interview Questions and Red Flags 48:48 – The Biggest Hiring Mistakes Hedge Funds Make 53:47 – Q&A: How Do You Keep Going When You Feel Defeated? About Manu Sai Bakshi Manu Sai Bakshi is the Founder and CEO of Preeminence Advisors, a boutique search firm specializing in placing elite portfolio managers at multibillion-dollar hedge funds. After immigrating from India, Manu built his career from the ground up before spending nearly a decade leading recruiting inside a systematic hedge fund. Today, he works with senior hedge fund leaders as both a recruiter and strategic talent advisor. Leap Academy Ready to make the LEAP in your career? There is a new way for professionals to fast-track their careers and leap into bigger opportunities. Get started with Ilana's free career training at leapacademy.com/training.

Michael Wayne grew up in Mississippi, attended the Naval Academy, left after his father died, built a career in business and investments while running a hedge fund for fifteen years, spent twenty-five years as a clandestine CIA contractor operating across some of the most sensitive and most dangerous missions available — and then went to Ukraine after the 2022 Russian invasion to organize humanitarian aid, evacuate women and children from combat zones, train Ukrainian soldiers, and deliver equipment to the front line before discovering widespread corruption tied to Ukraine aid that he says reached powerful US politicians. In this episode of Locked In with Ian Bick, he shares what twenty-five years as a CIA contractor actually looked like from the inside, what changed after 9/11 in the intelligence world, what the Ukraine work actually involved, what the corruption he discovered actually implicated, and what the DOJ prosecution that followed his decision to push back against that corruption actually produced — including a wire fraud conviction, a federal prison sentence at FPC Montgomery, and what he believes was a deliberate government effort to make him a convicted felon before he could become a whistleblower. _____________________________________________  #TrueCrime #espionage #cia #prisonstory _____________________________________________ Thank you to CASH APP for sponsoring this episode: Download Cash App Today: https://capl.onelink.me/vFut/ksjh06pb #CashAppPod Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Discounts and promotions provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosures. _____________________________________________   Connect with Michael Wayne: Instagram: https://www.instagram.com/officialmichaelwayne/ Website: https://officialmichaelwayne.com/ _____________________________________________ Hosted, Executive Produced & Edited By Ian Bick: https://www.instagram.com/ian_bick/?hl=en https://ianbick.com/ _____________________________________________ Timestamps: 00:00 Intro and Guest Introduction 01:31 Family and Entrepreneurship 05:00 The Call to the Naval Academy 12:42 The Challenges of the Naval Academy 15:17 Leaving Annapolis After Two Years 17:51 The Tragic Loss of His Father 21:41 The Funeral and a Call from the Captain 24:23 Choosing Family Over Country 28:55 Rethinking Leaving Annapolis 31:14 The Plan to Return Falls Apart 36:24 The Decision to Stay Out of the Military 37:57 Mississippi State and Running the Family Business 41:17 Sponsor Break: Cash App Security 44:27 College Life and Degrees 55:36 Buying Properties and Developing a Strategy 01:00:20 Moving to Atlanta and Sports Betting 01:03:30 The Unexpected Call from an Agency 01:08:40 The First Interview for a CIA Contractor 01:14:40 The Path to Becoming a Contractor 01:19:03 Interviews and the Training Invitation 01:24:05 Paramilitary Training and Selection 01:29:07 Understanding Classification and Compartmentalization 01:34:55 The Intensity of the Initial Training 01:39:19 Field Exercises and Testing Survival Skills 01:47:26 The Importance of Knowing Your Limits 02:01:20 Working as a Paramilitary Contractor 02:04:20 A Career of Off-the-Books Missions 02:07:09 Getting Shot and the Impact of 9/11 02:12:30 The Post-9/11 World and the War on Terror 02:24:03 A Screenplay That Predicted 9/11 02:31:10 Transitioning to a New Role and Grad School 02:37:50 Living as a NOC (Non-Official Cover) 02:42:10 The Intensity of the NOC World  02:47:51 Running a Hedge Fund as Cover 02:57:21 Making Money and Helping a Nonprofit 03:02:41 Volunteering in Ukraine After the Invasion 03:05:00 The Corrupt Side of Humanitarian Aid 03:10:34 Protecting Aid and Empowering People 03:15:14 The Hidden World of Powerful Elites 03:21:18 Learning You're a Target 03:28:08 The Plan to Discredit Him 03:34:55 A New SEC Inquiry and the Missing Questions 03:39:01 The Target Letter and the DOJ 03:44:37 Attempting to Investigate the Management Company 03:50:59 The Reverse Proffer: The DOJ's Show of Force 03:57:20 Realizing the System Can't Be Beaten 04:01:44 The Threats That Forced His Hand 04:03:42 The Strategic Choice to Plead Guilty 04:08:35 The Courtroom Deal and Sentencing Guidelines 04:12:00 The Aftermath of the Guilty Plea 04:16:08 The Hit to His Reputation 04:18:24 The FBI Agent and the Press Release 04:22:47 Dealing with the PSR and Sentencing 04:27:44 The Leak and the Fallout 04:31:14 The PSR: A Document Full of Falsehoods 04:35:35 The Sentencing Hearing 04:40:20 The Judge's Unusual Statement 04:45:36 Getting a Year and a Day 04:50:00 A Trip to Federal Prison Camp 04:56:30 The Confusing Charges and the Real Crime 05:04:20 The Plea Deal and the Missing Documentation 05:09:30 The Sentencing Hearing and a Shoutout to the Judge 05:12:10 The Camp: A Place for the Forgotten 05:16:08 Life After Prison and the Supervised Release 05:21:01 The CIA and the Burning of Bridges 05:25:20 Finding a New Path Post-Prison

Jesse Sunquist put a GM in charge and stepped back to 5 hours a week — proud of the experience, restless about the outcome.Register for the webinar: Learn to Avoid the #1 Reason Acquisitions Fail - Thu, Aug 13 - https://bit.ly/4wPHY6RTopics in Jesse's interview:Buying a business for flexibilityGeographical search in New JerseyLowering his minimum SDE threshold to $300KAcquiring 2 Mosquito Joe territoriesHis plan to build wealth through franchise roll-upsModest growth followed by shrinkHow other owners handle the off-seasonTaking a W2 with the intent to sellInability to find a buyerHiring a great GM to run itReferences and how to contact Jesse:LinkedInMosquito JoeJesse's previous interviews on Acquiring Minds: Reflections After 1 Year of Searching Full Time A Reward for Widening Search to $300k SDENeil Finneran on Acquiring Minds: How to Survive Going from Hedge Funds to SMB OwnerThe ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:The Acquisition LabGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or hello@systemsix.com and mention Acquiring MindsConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton Rohozov and produced by Pam Cameron

Il collasso del fondo da 45 miliardi di Leopold Aschenbrenner dimostra che prevedere il trend dell'AI non basta: l'eccesso di leva finanziaria e l'alta correlazione possono azzerare un portafoglio tramite margin call. Comprendi il meccanismo distruttivo della leva finanziaria: come un'esposizione a margine (4x) trasforma un calo di settore del 25% in una perdita letale dell'85% del capitale netto, innescando liquidazioni forzate. -Analizza l'errore sistemico di correlazione: scoprire perché essere in acquisto (long) sull'infrastruttura hardware e in vendita (short) sul software non diversifica il rischio, ma concentra il portafoglio su un'unica scommessa direzionale. -Valuta l'esposizione indiretta del tuo piano di accumulo (PAC): verifica il peso di aziende produttrici di semiconduttori (come SK Hynix) all'interno dei principali ETF azionari globali, distinguendo tra indici che includono o escludono i mercati emergenti. -Scopri come proteggere il capitale implementando strategie di hedging strutturale con le opzioni finanziarie, utilizzando coperture come il "Collar" per limitare il rischio di coda (tail risk) sui singoli titoli. CONTESTO APPROFONDITO Il fallimento di questo hedge fund illustra i pericoli del risk management asimmetrico nelle scommesse iper-concentrate. La volatilità dei singoli asset, unita all'effetto moltiplicatore della leva, invalida qualsiasi tesi fondamentale di lungo termine, costringendo i broker a liquidazioni a cascata (fire sale) nel momento di massima inefficienza dei prezzi. Questo evento ribadisce come la sopravvivenza sui mercati non dipenda dalla precisione predittiva, ma dall'hedging preventivo e dalla corretta misurazione del rischio di rovina. Disclaimer: contenuto informativo ed educativo, non consulenza finanziaria personalizzata. Gli strumenti citati possono essere presenti nel mio portafoglio personale, societario o in portafogli modello. La disclosure aggiornata con ticker/ISIN, strumenti citati, eventuali posizioni e data di aggiornamento è disponibile qui: https://www.marcocasario.com/disclaimer/Vai su https://www.shopify.com/it e scopri come iniziare con Shopify in pochi minuti. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Tevo and Brendan analyze the current crypto market trends, hedge fund positioning, institutional involvement, and macroeconomic factors influencing Bitcoin and Ethereum. They explore the implications of recent data points, regulatory developments, and infrastructure growth for future market movements.Check out Omaha Steaks and use my code BEEF for a great deal: https://www.omahasteaks.comCheck out Scribe and use my code scribe.how/CRYPTO101 for a great deal: https://scribe.comCheck out Quince: https://quince.com/CRYPTO101Check out Shopify: https://shopify.com/crypto101Check out ShipStation and use my code crypto for a great deal: https://www.shipstation.comGet my #1 altcoin pick for this month.Get immediate access to my entire crypto portfolio for just $1.00 today! Get your FREE copy of "Crypto Revolution" and start making big profits from buying, selling,Get immediate access to my entire crypto portfolio.. just $1.00 today! Go here to get access: https://www.crypto101insider.com/cryptnation-directm6pypcy1?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Get your FREE copy of "Crypto Revolution: Your Guide To The Future of Money". In this book, I reveal how to make (and keep) a fortune during this crypto bull run! http://www.cryptorevolution.com/free?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Chapters00:00 Market overview and current sentiment00:34 Hedge fund positioning and historical context02:10 Signs of bullish exhaustion and potential bottoming06:24 Institutional activity: Bitcoin treasury and regulatory outlook08:12 Traditional finance's increasing involvement in crypto10:50 Global regulatory developments and adoption trends17:51 Stablecoin growth and future opportunities21:09 Infrastructure expansion and long-term positioning23:26 Interest rate environment and macroeconomic signals29:01 Housing market dynamics and potential impacts30:32 Interactive visualization of market sentimentSubscribe to YouTube for Exclusive Content:https://www.youtube.com/@crypto101podcast?sub_confirmation=1Follow us on social media for leading-edge crypto updates and trade alerts:https://twitter.com/Crypto101Podhttps://instagram.com/crypto_101*This is NOT financial, tax, or legal advice*Boardwalk Flock LLC. All Rights Reserved  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Fog by DIZARO https://soundcloud.com/dizarofrCreative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZAROMusic promoted by Audio Library https://youtu.be/lAfbjt_rmE8▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Our Sponsors:* Check out Omaha Steaks and use my code BEEF for a great deal: https://www.omahasteaks.com* Check out Quince and use my code quince.com/CRYPTO101 for a great deal: https://www.quince.com* Check out Scribe and use my code scribe.how/CRYPTO101 for a great deal: https://scribe.com* Check out ShipStation and use my code crypto for a great deal: https://www.shipstation.com* Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Hedge funds are back in focus as elevated stock-bond correlations challenge traditional portfolio construction. In this episode, Kumar Panja, EMEA head of Capital Advisory Group at J.P. Morgan, sits down with Joe Dowling, global head of Blackstone's Multi-Asset Investing business (BXMA), and Riad Abrahams, head of Strategy, Risk and Quant Analytics in BXMA. Together, they discuss how Blackstone evaluates and partners with hedge fund managers, how they think about diversification versus “di-worsification” and why drawdown correlation matters as much as headline performance. They also explore the rise of managed accounts and seeding, the role of leverage and crowded positioning and how data and AI could reshape the next era of hedge fund edge. This episode was recorded on June 26, 2026.   The podcast's views do not necessarily reflect those of J.P. Morgan Chase & Co. or its affiliates (together “J.P. Morgan') and are not from J.P. Morgan's Research Department. They do not constitute recommendations or offers to buy or sell securities. Intended for institutional and professional investors, not retail use,  it is for informational purposes only. Products and services mentioned may not suit all investors or be available in all jurisdictions. The information contained in this podcast shall not form the primary basis of any investment decision. It is the user's responsibility to independently confirm the information and to obtain any other information deemed relevant to any investment decision. J.P. Morgan makes no representation or warranty (express or implied) regarding the fairness, accuracy, fitness for purpose, correctness or completeness of the statements, opinions, estimates, conclusions and other information contained in this podcast and J.P. Morgan accepts no responsibility whatsoever for any loss, direct or indirect, arising in connection therewith. J.P. Morgan may make markets and trade in discussed securities and asset classes. Visit www.jpmorgan.com/disclosures/salesandtradingdisclaimer for more disclaimers and regulatory disclosures. External speakers' opinions are personal and not J.P. Morgan's views. @2026 JPMorgan Chase & Company. All rights reserved.

Multicoin Capital's Shayon Sengupta on why crypto is the most underpriced opportunity in tech, the firm's $319 HYPE base case, Solana vs Hyperliquid, and whether DePIN is dead.In one of his first interviews since being promoted to General Partner & Co-Head of Venture, Shayon joins Connor in New York to explain why Multicoin recommitted to crypto while peer funds expand into AI and robotics. They cover the two forces he believes the market is mispricing (infrastructure maturity and regulatory clarity), the everything exchange thesis behind Hyperliquid, why dual token-equity structures fail, the coming financialization of compute, and a candid Helium post-mortem. On DePIN: "You can call me delusional if you want. We are even stronger believers right now."Timestamps:00:00 - Cold Open00:42 - The Pod Returns with a Bang01:38 - What Changed Since the March Promotion03:25 - Inside Multicoin: Tushar, Spencer, Hedge Fund vs Venture06:08 - Favorite Memory: Breakpoint 2021, SOL at $25009:17 - Lessons from Three Cycles13:38 - AI in 2026 Is Crypto in 202114:19 - Why Multicoin Recommitted to Crypto18:35 - The Regulatory Unlock the Market Is Mispricing21:47 - Is Decentralization Still a Core Tenet?24:49 - Token Holder Rights and the Revenue Meta28:16 - The HYPE Thesis: $319 Base Case, the Everything Exchange30:53 - Are 99% Buybacks the New Standard?33:10 - Why Dual Token-Equity Structures Go to Zero37:33 - Solana vs Hyperliquid: Spot vs Perps42:10 - Request for Startups: Financializing Compute46:30 - Shayon Flips the Mic: Is AI Topping?48:53 - The Four-Year Cycle and Where the Bottom Is51:46 - Where the Next Bull Market Flows Go53:08 - Is DePIN Dead?56:40 - The Helium Post-Mortem59:14 - GEODNET, Grass, and DePIN's Next Five Years01:01:45 - Bear Market Wisdom: "Founders Remember"Follow Shayon: https://x.com/shayonsenguptaFollow Multicoin Capital: https://x.com/multicoinFollow Connor: https://x.com/richhomieconFollow Proof of Coverage: https://x.com/Proof_CoverageProof of Coverage is tech's creative agency. We make launch videos, brand films, founder stories, and event recaps for teams like Kalshi, MoonPay, and Solana.Work with us: https://proofofcoverage.xyzAlthough our guest is a General Partner of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin's investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice. The hosts and guest, and the firms they represent, may hold positions in the companies and tokens mentioned in this episode and stand to gain in the event that the price of the tokens increase.  Multicoin's HYPE valuation report discussed in this podcast can be found as a link in the show notes.  The report includes important disclosures concerning the data and assumptions by Multicoin discussed today.Multicoin's Hype Analysis and Valuation report can be found HERE. The report includes important disclosures concerning the data and assumptions by Multicoin discussed today.Multicoin and the host may have interests in companies and tokens mentioned during the episode.

US Treasury Secretary Scott Bessent’s move to prop up the yen was as surprising as its impact was fleeting. By Monday, the yen lost half of its gains since last month’s intervention, raising questions about what comes next. On today’s Big Take podcast, Bloomberg’s Daniel Flatley and Chris Anstey join David Gura to break down Bessent’s unorthodox currency strategy and to explore how far Bessent might be willing to go to support another country’s currency. Read more: How Bessent Brings a ‘Buy-Side’ Mindset to Economic Statecraft Behind Bessent Moves, Wall Street Sees a Bond-Market Angst Listen More: Why a Weak Yen Is America’s Problem Carry Trades, Explained Hosted by David Gura; Produced by Laura Newcombe and David Fox; Reported by Daniel Flatley and Chris Anstey; Edited by Jeffrey Grocott. Fact-checking by Victor Swezey and Brunella Tipismana Urbano; Engineering by Emma Munger. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

 Chris Markowski, the Watchdog on Wall Street, discusses the harsh realities of the financial world, focusing on the recent collapse of hedge funds, the dangers of leverage, and the importance of accountability in investing. He emphasizes the need for patience and diligence in financial planning, warning against the allure of shortcuts and speculative investments. Markowski also critiques the role of special purpose vehicles in the market and advocates for a more responsible approach to wealth building.

Amid rising market volatility and a shift beyond the dominant AI-driven rally, investor interest is turning to hedge funds. In this episode, we examine the appeal of market-neutral, Asia-focused multi-manager hedge funds and how institutional investors are incorporating them into diversified portfolios to pursue resilient outcomes. William Fong, Head of Alternatives Specialists for Asia and the Middle East at Julius Baer, sits down with Angus Wai, Founder, CEO and CIO of Polymer Capital Management, to discuss the evolution of the multi-manager model, the importance of risk management, and the opportunities he sees across Asia's dynamic investment landscape.

A 22-year-old former OpenAI researcher built one of the hottest AI-focused hedge funds on Wall Street, generated extraordinary returns, then watched it unravel in spectacular fashion after a leveraged bet went wrong. Citadel stepped in to buy the portfolio, markets rebounded, and the episode raised important questions about AI investing, risk management and whether today's market is repeating the mistakes of the past.In this episode of Market Maker, Anthony Cheung and Piers Curran explain what really happened to Leopold Aschenbrenner's fund, why leverage can turn winning trades into disasters, how margin calls work, and why Ken Griffin and Citadel emerged as the biggest winners. They compare the story with the collapse of Long-Term Capital Management in 1998, showing why human psychology often matters more than intelligence in financial markets.They also break down why the S&P 500 has returned to record highs, what blockbuster earnings are telling us about the AI trade, whether semiconductor stocks have found a bottom, what falling oil prices mean for interest rates, and whether today's rally is built on solid foundations or growing optimism.Whether you're investing in AI, preparing for a career in finance, or simply trying to better understand global markets, this episode explains the biggest stories shaping Wall Street and what they could mean for investors next.(00:00) The AI Hedge Fund That Blew Up(02:00) Who Is Leopold Aschenbrenner?(05:30) 439% Returns... Then Disaster(08:04) How Leverage Really Works(14:28) Margin Calls Explained(19:45) Why Citadel Bought the Portfolio(24:11) The Ken Griffin Playbook(27:00) The LTCM Crash Comparison(31:08) The Psychology of Greed(37:22) Why the S&P 500 Hit Record Highs(41:53) Is the AI Trade Back?

This episode is a compilation of answers to YOUR questions that were asked directly from my listeners who attend my weekly business education YouTube live webcast. I'll be covering the topic on: Feeling Behind, China's Growth, Best MBA programs and more.  Refer to chapter marks below for a complete list of topics covered and to jump to a specific section. Get mentored by Chris: Book a Zoom call to discuss joining my Business Academy, Finance Bootcamp (to get a job in finance) or MBA Degree Programs or for investing/business/personal development coaching: https://haroun.short.gy/1on1CallYTWDownload my free "Networking eBook": www.harouneducation.comAttend my weekly YouTube Live every Thursday's 8am-11am PT. Subscribe to my YouTube Channel to receive notifications. Chapter Marks: 0:25 Welcome1:59 Gulf States Switching from USD to Yuan3:59 Iran War5:38 Oil at $1606:49 Sales Careers9:56 Feeling Behind13:23 Tariffs and US Debt17:34 Business Plan Forecasts19:04 Korea's Economy21:48 China's Growth27:09 Online Courses29:35 Socialism and Younger Generations32:05 Biggest Macro Risk32:42 Equity Analysts34:28 Investment Process37:05 AI and Jobs38:35 DAX Valuation39:45 Micron and SanDisk41:25 Finding Your Investing Edge43:10 Researching Investors45:55 Investor Checklist47:57 Relationship Focused Careers50:20 Hedge Funds in Africa51:13 Equity Research Careers53:05 Comparison and Success56:05 Master's in Finance59:42 Ideas vs Execution1:00:55 AI and Intelligence1:01:35 SaaS and AI1:04:16 US Dollar Reserve Currency1:04:54 Cash for Opportunities1:06:45 Favorite University Course1:07:15 Businesses Adapting to AI1:07:53 SpaceX and Tesla Merger1:08:35 Why Write a Business Plan First?1:12:55 BYD's Future1:16:04 GTA 61:17:36 China's Rise1:18:57 Learning Business in GTA 61:19:54 ACCA vs CFA1:20:36 Korea's Economy1:21:11 Using Your Background1:24:19 Dating Androids1:25:53 Ray Dalio1:27:18 College in 20301:29:02 Cuban Invasion1:29:59 Three Political Parties1:34:03 Creativity in Finance1:35:50 More Udemy Courses1:36:26 Keeping an Empty Mind1:40:11 AI Risks1:42:01 Law to Finance and MBA1:44:25 Humanities to Finance1:47:11 Credit Default Swap Hedge Funds1:49:42 My Background1:51:29 Options Course1:54:02 Best MBA ProgramsConnect with me: Schedule a 1:1 call with Chris: https://haroun.short.gy/1on1CallYTWYouTube: ChrisHarounVenturesCompleteBusinessEducationInstagram @chrisharounLinkedIn: Chris HarounTwitter: @chris_harounFacebook: Haroun Education Ventures  TikTok: @chrisharoun Connect with me: Schedule a 1:1 call with Chris: https://haroun.short.gy/1on1CallYTWYouTube: ChrisHarounVenturesCompleteBusinessEducationInstagram @chrisharounLinkedIn: Chris HarounTwitter: @chris_harounFacebook: Haroun Education Ventures  TikTok: @chrisharoun

About Tom Hayes: ⁠⁠https://www.hedgefundtips.com/about-tj-hayes/⁠⁠Hedge Fund Tips Merchandise Store:https://hedgefundtips-shop.fourthwall.com/Contact Us/Tom: ⁠https://www.hedgefundtips.com/contact-us/⁠Great Hill Capital (Money Management) Contact: https://www.hedgefundtips.com/money-management/Free Stock Market Newsletter and Book: ⁠⁠https://www.hedgefundtips.com/free/⁠⁠Not Investment Advice - See Terms: https://www.hedgefundtips.com/terms-of-use

In this episode of Money Matters, brought to you by The Greenberg Financial Group, we unpack one of the strangest weeks the market has handed us in a while. The Dow dropped 1,000 points on Wednesday and took it all back over the next two days, and if you only checked your account on Friday you would think nothing happened at all. The Fed got the blame in the headlines, but the real story was a 25 year old former OpenAI employee whose hedge fund was up roughly 1,500% in two years, ran four times leverage into the memory and data center trade, and got picked apart by other funds once his book became visible. A $40 billion valuation became an $8 billion sale to Citadel. We walk through how forced selling moves an entire market, and why the lesson is not about being right but about staying solvent long enough to find out. Dean opens the show on volatility and why selling into weakness leaves you with the hardest question in investing, which is when you plan to get back in. He also lays out something that separates how we work from most firms. We do not plan for your retirement. We plan for your lifestyle changes, whether that means a $40,000 family vacation every year, a remodel, more travel, or simply never stopping work at all. He walks through what that planning actually covers, from Social Security timing to Medicare costs to how much you can spend each year without running out, and why we hand you the completed plan for free whether or not you ever do business with us. We also get into the capital expenditure fear that has dominated the tape. Meta's free cash flow collapsed and the stock got clobbered 10% despite revenue up 28%. Google went negative on free cash flow for the first time in its history. Then Amazon reported and its CEO talked openly about the profitability of data centers, and suddenly Google popped 7% on Friday. Every hyperscaler CEO is saying go, and investors keep saying stop, which means somebody is wrong. We look at Apple's 9% drop on a memory shortage that is now showing up in laptop and iPad prices, Microsoft's 24.6% month, the buyback restriction lifting at the end of 2026, and why the 30 year Treasury at a 19 year high and mortgage rates at 6.66% may matter more to this market than any earnings report. The second hour takes a different turn. Dean brings in attorney Mike Story, who represents Tucson police officers through their unions and responded at 2:30 in the morning to the mass shooting outside Empire Pizza in downtown Tucson. Mike walks through what actually happened that night, why a single shot from a seven year veteran ended the threat without endangering the crowd behind the gunman, and the question that officer asked him first. Am I going to prison for this. We talk about the shooter's prior gun offense, how that case was handled, what a 30% smaller police force means for a downtown everybody says they want to save, and what it would take to bring it back. We close with SpaceX heading into its first earnings report and the insider lockup expiring days later with 35% of the float sold short, energy leading all S&P sectors with XLE up 35% on the year, an options based income strategy that Todd and Dylan have been researching directly with the portfolio managers for its 60/40 tax treatment, and why Trump accounts may be the most powerful generational wealth tool available to a grandparent right now. Plus a Tucson fun fact about how the University of Arizona ended up here in 1885 because our representative showed up late. Our next free interactive financial planning seminar is Friday, August 21st from 11:30 to 2:00 at La Paloma Country Club. Lunch is included and you will see our full financial planning process start to finish. Register at www.GreenbergFinancial.com under the resource tab. If you have been thinking about taking us up on the free financial plan, this is the kind of clarity it brings. If you would like to contact us to learn more about our firm, our seminars, and our process - call us at 520.544.4909 or go to our website at www.Greenbergfinancial.com or email us at Contact@Greenbergfinancial.com Disclaimer: This show discusses different investment products and strategies. Every product and strategy has some type of inherent risk and we strongly encourage our listeners to properly understand these risks. Past performance is no guarantee of future performance. The information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. The material covered on this program does not involve the rendering of personalized investment advice, but is for general information purposes only. A professional advisor should be consulted before implementing any of the options presented. Greenberg Financial Group is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

Dupree Financial Group Blog  ·  The Tom Dupree Show From This Week’s Episode Retirement Investing  ·  August 1, 2026 Is Your Retirement Portfolio Too Concentrated? A 25-year-old hedge fund manager lost roughly $35 billion in a matter of days this week. Here’s what his leverage and the market’s concentration in seven stocks have to do with your retirement account. By Tom Dupree, Founder, Dupree Financial Group  |  dupreefinancial.com  |  859-233-0400 This week, a 25-year-old former OpenAI researcher named Leopold Aschenbrenner watched roughly $35 billion disappear from his hedge fund in a matter of days. Two years ago, he wrote a 165-page essay predicting the future of artificial intelligence with such confidence that Silicon Valley treated it like scripture. This week, his fund — built on borrowed money layered on top of a handful of AI stocks — got forced into a fire sale to Ken Griffin’s Citadel at a steep discount. It’s a dramatic story. But here’s the direct answer to the question that actually matters for your retirement: if most of your money sits in a plain S&P 500 index fund, you may be more concentrated in a handful of the same stocks than you realize — and that concentration, not any single hedge fund’s collapse, is the real thing worth understanding before your next portfolio review. You don’t need borrowed money or a 165-page manifesto to be exposed to this. You just need to own “the market” and assume that means you’re spread across 500 different companies. Key Takeaways Leverage magnifies both directions. Borrowing money to buy investments can boost gains on the way up, but it can wipe out capital just as fast on the way down. That’s the entire story of this week’s hedge fund collapse. Seven stocks now make up a large share of the S&P 500. Depending on the week you check, the “Magnificent Seven” technology stocks account for somewhere between a third and roughly 40% of the entire index’s value. Owning an index fund is not automatically owning a diversified portfolio. A market-cap-weighted index gives its biggest companies the biggest influence — so when those companies wobble, so does “the market.” Know what you own and why you own it. That’s not a slogan — it’s the single most useful question a retiree can ask before the next headline-grabbing selloff. Why This Week’s Story Is Bigger Than One Hedge Fund Every generation produces an investor who seems untouchable — brilliant, early to a trend, riding a wave everyone else is still arguing about. Aschenbrenner’s fund, Situational Awareness, reportedly grew from roughly $200 million to as much as $45 billion in under two years, largely on concentrated bets in AI infrastructure names. Then, using leverage reported as high as 400% — meaning roughly four borrowed dollars for every dollar of the fund’s own capital — a sharp pullback in a handful of semiconductor and AI stocks triggered margin calls his prime brokers couldn’t ignore. That’s the mechanical part, and it’s worth understanding in plain English: when you borrow against an investment and that investment drops in value, your loan doesn’t shrink with it. At some point the lender requires more collateral — a margin call — and if you can’t provide it, your shares get sold for you, often at the worst possible moment. There’s no easy way around that math. It requires diligence, not confidence. Most retirees reading this aren’t using 400% leverage. But there’s a quieter version of the same concentration problem sitting inside a lot of 401(k)s and IRA rollovers, and it doesn’t require a single dollar of borrowed money to hurt you. What the Numbers Actually Show According to CNBC’s reporting on the collapse, Aschenbrenner’s fund held roughly $45 billion in assets at its peak, before margin calls forced the sale of its leveraged public stock positions — including major holdings like SK Hynix and CoreWeave — to Citadel at a discount, with the fund’s overall assets falling to around $10 billion within about 30 trading days (CNBC). TechCrunch’s coverage confirms Aschenbrenner had no prior professional trading experience before launching the fund in 2024, and that the losses came from both AI stocks falling and short positions in software companies moving the wrong way at the same time (TechCrunch). Meanwhile, the broader market has its own version of this concentration story. Reporting from Forbes notes that the “Magnificent Seven” technology stocks made up roughly a third of the S&P 500’s total market capitalization heading into 2026, with some advisors calling the resulting concentration risk a “legitimate concern” (Forbes). Separate reporting from CNBC put the figure as high as 35% to 40% of the index in recent trading, prompting some strategists to recommend equal-weighted alternatives to reduce that concentration (CNBC). The SEC’s own investor education office has published plain-language guidance on why borrowing to invest carries risks that go beyond the investment itself — including the fact that a broker can sell your securities to meet a margin call without waiting for you to act, and can do so without advance notice (SEC Investor.gov). It’s the kind of guardrail worth reading once, even if you never plan to use margin yourself. “Leverage is a thing to be used very judiciously and very carefully, because if you use it in a way that’s irresponsible, it can cost you everything.” — Tom Dupree The Reframe: This Isn’t a Bet on Whether AI Wins or Loses Dupree Financial Group’s Take Most of the commentary this week has been framed as a debate: Is AI spending going to pay off, or is it a bubble? That’s an interesting argument, and reasonable people disagree about it — Microsoft’s stock jumped double digits on one earnings report this year, while Oracle’s bonds have drawn scrutiny over its own AI-related spending. But that debate is largely beside the point for a retiree building income for the next 40 or 50 years. The actual lesson isn’t “buy AI stocks” or “avoid AI stocks.” It’s that when a market’s returns get concentrated in a small number of companies, your risk gets concentrated right along with it — whether you meant it to or not. That’s exactly why our approach starts with cash flow analysis, not headlines: dividend-paying companies across sectors like insurance, telecommunications, and financials keep generating income whether or not seven technology companies are having a good month. You get paid to wait, in good markets and choppy ones, instead of hoping a narrow slice of the market keeps carrying the whole index. What This Looks Like in Practice We build separately managed accounts around companies with a history of paying and growing their dividends, purchased when they’re out of favor and less expensive — not around chasing whichever seven stocks are dominating the headlines that quarter. Bonds play a role too: current income, lower volatility, and dry powder to buy good companies when the market temporarily marks them down for reasons that have nothing to do with their underlying business. None of this means avoiding growth, and it doesn’t mean the S&P 500’s biggest companies are bad businesses — several of them are genuinely excellent. It means not letting one basket, however impressive, decide the outcome of your retirement. All investing involves risk, including the possible loss of principal, and no strategy removes that risk entirely. The goal is to understand it, size it appropriately, and build income you don’t have to sell into a downturn to access. Five Things to Check in Your Own Portfolio 1Pull up your 401(k) or IRA’s top ten holdings. Most plan providers list this on your statement or online dashboard. If you don’t see it, call and ask — it’s your money, and you’re entitled to know. 2Add up what percentage those top ten represent. If it’s a plain S&P 500 index fund, expect a meaningful chunk of your total to be concentrated in a handful of names, most of them technology companies. 3Ask whether that concentration matches your risk tolerance at your stage of life. A 35-year-old accumulating wealth can absorb more concentration risk than someone drawing income in retirement. 4Check whether you’re using any form of leverage or margin, even indirectly through certain funds or products, and make sure you understand exactly what happens if those positions move against you. 5Get a second set of eyes on the whole picture. It’s easy to know your account balance and much harder to know what’s actually driving it. That’s the gap a complimentary portfolio review is built to close. Frequently Asked Questions What is “concentration risk” in a stock market index? Concentration risk means a large share of an index’s total value — and therefore its performance — comes from a small number of companies. In a market-cap-weighted index like the S&P 500, the biggest companies carry the most influence, so a downturn in just a handful of names can drag down the whole index. Why did Leopold Aschenbrenner’s hedge fund lose so much money so quickly? Reporting indicates the fund used leverage as high as 400% on concentrated AI stock positions. When those stocks declined, the borrowed money amplified the losses, triggering margin calls that forced a distressed sale of the fund’s holdings within about a month. Should retirees stop investing in S&P 500 index funds? Not necessarily — index funds remain a legitimate, low-cost building block. The point is to understand what you actually own inside that fund, including how concentrated it has become, rather than assuming “index fund” automatically means “diversified.” What does “leverage” mean in plain English? Leverage means borrowing money to increase the size of an investment beyond what your own capital could buy. It can amplify gains, but it amplifies losses the same way — and if the investment’s value drops enough, the loan doesn’t shrink to match it. How can I tell how concentrated my own retirement portfolio really is? Start by looking up your fund’s top ten holdings and what percentage of the total they represent — most providers publish this. If you’re unsure how to interpret it, a portfolio review with an advisor can walk through what you actually own and why. The Close By the time you read this, Leopold Aschenbrenner’s fund will likely have faded from the headlines, replaced by whoever’s turn it is next — because, as history keeps showing us, there’s always a next one. But the question his week left behind isn’t really about him. It’s about whether you know what you own, and whether you’d be able to answer calmly if your own portfolio had a bad week. That’s the whole point of retiring on income instead of hope: you don’t need to guess right about which seven stocks win. You need a plan that keeps paying you regardless. Keep Learning Listen to the full episode — hear Tom, James Dupree, and Michael Dawahare walk through the Mag Seven earnings debate and this week’s market moves in more detail. Learn more about Dupree Financial Group — our fee-only, fiduciary approach and the team behind it. Schedule a complimentary portfolio review — see exactly how concentrated your own accounts are today. Tom Dupree Tom Dupree is the founder of Dupree Financial Group, a fee-only, fiduciary Registered Investment Advisory firm based in Lexington, Kentucky. He has spent 48 years in the investment business, starting as a municipal bond salesman in the late 1970s, and hosts The Tom Dupree Show, a weekly radio and podcast program covering the financial topics that matter most to retirees. About The Tom Dupree Show The Tom Dupree Show is hosted by Tom Dupree, founder of Dupree Financial Group and a 47-year veteran of the investment business. Each episode covers the financial topics that matter most to retirees and those approaching retirement — in plain English, without the Wall Street spin. Dupree Financial Group is a fee-only, fiduciary Registered Investment Advisory firm based in Lexington, Kentucky. The firm manages separately managed accounts focused on income-generating, dividend-paying portfolios — no products sold, no commissions, no conflicts of interest. Past episodes are available at dupreefinancial.com under the Radio tab. Schedule a Complimentary Portfolio Review If you’re not sure whether your retirement account is more concentrated in a handful of stocks than you’d like — we’ll take a look. No charge. No pressure. Just an honest conversation about what you own and whether it’s working for you. Call: 859-233-0400  |  Visit: dupreefinancial.com All investing involves risk, including the possible loss of principal. Past market performance discussed above refers to historical index and company data, not to the performance of any Dupree Financial Group account. Dupree Financial Group  ·  Fee-only. Fiduciary. Lexington, KY  · dupreefinancial.com  ·  859-233-0400 { "@context": "https://schema.org", "@type": "PodcastEpisode", "name": "Is Your Retirement Portfolio Too Concentrated?", "url": "https://www.dupreefinancial.com/sp500-concentration-risk-retirement-portfolio/", "datePublished": "2026-08-01", "description": "Tom Dupree, James Dupree, and Michael Dawahare discuss this week's hedge fund collapse, Magnificent Seven earnings, and what S&P 500 concentration risk means for retirement portfolios.", "partOfSeries": { "@type": "PodcastSeries", "name": "The Tom Dupree Show" }, "author": { "@type": "Person", "name": "Tom Dupree" } } { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is "concentration risk" in a stock market index?", "acceptedAnswer": { "@type": "Answer", "text": "Concentration risk means a large share of an index's total value comes from a small number of companies. In a market-cap-weighted index like the S&P 500, the biggest companies carry the most influence, so a downturn in just a handful of names can drag down the whole index." } }, { "@type": "Question", "name": "Why did Leopold Aschenbrenner's hedge fund lose so much money so quickly?", "acceptedAnswer": { "@type": "Answer", "text": "Reporting indicates the fund used leverage as high as 400% on concentrated AI stock positions. When those stocks declined, the borrowed money amplified the losses, triggering margin calls that forced a distressed sale within about a month." } }, { "@type": "Question", "name": "Should retirees stop investing in S&P 500 index funds?", "acceptedAnswer": { "@type": "Answer", "text": "Not necessarily — index funds remain a legitimate, low-cost building block. The point is to understand what you actually own inside that fund, including how concentrated it has become, rather than assuming an index fund is automatically diversified." } }, { "@type": "Question", "name": "What does "leverage" mean in plain English?", "acceptedAnswer": { "@type": "Answer", "text": "Leverage means borrowing money to increase the size of an investment beyond what your own capital could buy. It amplifies gains, but it amplifies losses the same way, and the loan doesn't shrink if the investment's value drops." } }, { "@type": "Question", "name": "How can I tell how concentrated my own retirement portfolio really is?", "acceptedAnswer": { "@type": "Answer", "text": "Start by looking up your fund's top ten holdings and what percentage of the total they represent. If you're unsure how to interpret it, a portfolio review with an advisor can walk through what you actually own and why." } } ] } The post Is Your Retirement Portfolio Too Concentrated? A $35B Hedge Fund Lesson | Dupree Financial Group appeared first on Dupree Financial.

Jordi Visser is a veteran macro investor with 30+ years of experience and the author of the VisserLabs Substack. In this conversation, we break down the Leopold Aschenbrenner hedge fund unwind, the market crashes in South Korea and Japan, Kevin Warsh and the Fed's next move, and the case for compute scarcity as AI demand outpaces supply. We also discuss tokenization and why bitcoin remains the ultimate hedge and store of value in a world being reshaped by AI.======================Arch Public is an agentic trading platform that automates investment strategies across Stocks, Commodities, ETFs and Crypto. Whether you're rotating into AI & Gold, allocating to the S&P 500, or accumulating Bitcoin, Arch Public executes your plan 24/7 without ever taking custody of your assets or funds. Sign up today at https://www.archpublic.com, and start your FREE automated trading strategy! ======================Figure's $160k Community Appreciation (https://www.figure.com/crypto-community-appreciation/T&Cs (https://www.figure.com/crypto-community-appreciation/disclosures/) Need liquidity without selling your crypto? Take out a Figure Crypto-Backed Loan, allowing you to borrow against your BTC, ETH, or SOL with 12-month terms, 8.91% interest rates, and no prepayment penalties. Or check out Democratized Prime (https://figuremarkets.co/pomp) and earn ~8.5% APY on real world assets.Unlock your crypto's potential today at Figure! https://figuremarkets.co/pomp Figure Lending LLC dba Figure (NMLS 1717824). Loans subject to approval. Crypto collateral may be liquidated. Terms apply - see full disclosures at http://figure.com/disclosures/======================0:00 - Intro0:48 - Leopold's fund unwind & lessons from past blowups 9:21 - Hedge fund leverage & how AI is reshaping market structure11:45 - Korea & Japan's market collapse13:56 - AI will destroy all public companies?15:20 - The bull case for hyperscalers & compute scarcity27:44 - Why bitcoin is the best hedge fund ever29:12 - Kevin Warsh & the Fed33:48 - Does this help Wall Street or Main Street?36:47- Advice for a 25-year-old starting their career today41:18 - Bitcoin & the rest of crypto industry48:52 - Migration, digital money & the breakdown of borders57:56 - What Jordi is covering in his next video

Dylan Maltman of Apex Capital Management (Cape Town) joins the show to break down how he went from a banned retail prop trader to running an AI-native futures hedge fund. He details Apex's origin story, the difference between proprietary trading and challenge-based prop firms, and how Apex structures capital raising through SMAs vs. LPGP vehicles.

Gene and Alyssa answered questions and explored important topics: He asks what happens to the assets in a revocable trust when he passes? She asks if the new RMD age is 75?  (Spoiler – the answer is ‘it depends') He asks if he can use a reverse mortgage to fund the purchase of a new home? She asks how to handle RMDs from (3) 401(k)s? Free Second Opinion Meetings Meet with a More than Money advisor to review your entire financial picture or simply project your retirement Meet with our Social Security partner to plan the best S/S strategy for you Meet with our estate planning attorney partner to review your estate plans – if you have any Meet with our insurance partner to review your life or long term care coverages Discover how to have your 401(k) professionally managed without leaving your company plan Schedule a free second opinion meeting with a More than Money advisor? Call today (610-746-7007) or email (Gene@AskMtM.com) to schedule your time with us.

Stocks ended the week on a high as strong Big Tech earnings outweighed rising bond yields and renewed inflation concerns. Meanwhile, one of the most talked-about AI hedge funds collapsed, highlighting the risks of excessive leverage even during powerful technology trends.>>> Follow me on LinkedIn:https://www.linkedin.com/in/endrit-cela/>>> Follow me on Instagram:https://www.instagram.com/endritcela_official/Disclaimer for "Capital Markets Quickie" Podcast:The views and opinions expressed on this podcast are based on information available at the time of recording and reflect the personal perspectives of the host. They do not represent the viewpoints of any other projects, cooperations, or affiliations the host may be involved in. "Capital Markets Quickie" does not offer financial advice. Before making any financial decisions, please conduct your own due diligence and consult with a financial advisor.

“Have algorithm, will side hustle”: These financial traders applied their career know-how to a completely different industry. They're now earning $5,000/month in affiliate commissions.Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.Show notes: SideHustleSchool.comEmail: team@sidehustleschool.comBe on the show: SideHustleSchool.com/questionsConnect on Instagram: @193countriesVisit Chris's main site: ChrisGuillebeau.comRead A Year of Mental Health: yearofmentalhealth.comIf you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes.

#901: The US economy grew more slowly in Q2 as the Iran war weighed on prices and supply chains. AI investor Leopold Aschenbrenner seeks new funding after massive losses. Jersey Mike's raises $1 billion in its IPO. Tim Cook reports his last earnings call. Amazon's cloud business stays strong. Trump unveils renovations to Dulles airport. Finally, LinkedIn wants you to snuff out AI slop. Got difficult questions? Head to https://www.claude.ai/mbd to answer them.  Grab tickets to our Performance Revue show! https://www.morningbrew.com/events/brew-performance-revue-2026?utm_campaign=performance_revue_2026&utm_source=mbd Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here:⁠ ⁠⁠https://www.swap.fm/l/mbd-note⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

OpenAI and Anthropic revenues are soaring, hyperscalers say demand continues to exceed capacity, and yet AI stocks have suffered a brutal drawdown—culminating in the collapse of Leopold Aschenbrenner's highly leveraged $30 billion hedge fund. NLW explains what actually caused the implosion, and why market turmoil doesn't necessarily signal weakening AI fundamentals.AIDB's AI Summer Adventure: ⁠⁠⁠⁠⁠https://summeradventure.ai/⁠⁠⁠⁠Brought to you by:KPMG – Research from KPMG and the University of Texas at Austin shows the highest-impact AI users treat AI like a reasoning partner — and those skills can be taught at scale. Learn more at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠kpmg.com/us/Sophisticated⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Hyperagent - Hire a fleet of always-on agents. New users get $1,000 in inference. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠hyperagent.com/aidailybrief⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Retool - Secure your vibecoded apps. New enterprise customers get up to $10,000 in AI credits per year. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠retool.com/aidaily ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Rackspace Technology- One accountable partner to build, operate and run your full enterprise AI stack ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.rackspace.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Section - Section turns AI investment into workforce transformation and ROI - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.sectionai.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Scrunch - The AI customer experience platform - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://scrunch.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Blitzy - Want to accelerate enterprise software development velocity by 5x? ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blitzy.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠AssemblyAI - The best way to build Voice AI apps - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.assemblyai.com/brief⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Robots & Pencils - Cloud-native AI solutions that power results ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://robotsandpencils.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The AI Daily Brief helps you understand the most important news and discussions in AI. Subscribe to the podcast version of The AI Daily Brief wherever you listen: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://pod.link/1680633614⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Our Newsletter is BACK: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aidailybrief.beehiiv.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Interested in sponsoring the show? sponsors@aidailybrief.ai

What took Situational Awareness from a $45bn hedge fund down to a $10bn hedge fund in less than a month? Two years ago Leopold Aschenbrenner was a researcher at OpenAI who wrote a 165-page essay about superintelligence. Since then, he raised $225 million seed funding from Stripe co-founders, Jane Street, and GitHub's CEO, which he proceeded to turn into an AI hedge fund called Situational Awareness worth about $45bn as of the beginning of July. He did this with no prior trading experience, 4-5x leverage on a concentrated bet in AI names. By Thursday the fund was down to about $10 billion. Neither Millennium nor Jane Street were willing to step in to catch a falling knife. Ultimately Citadel stepped in to buy the flagging portfolio. Here is the crazy part though: Aschenbrenner wasn't wrong. He is reportedly still up around 80% on the year and "he only sold enough to cover his losses". But what caused a massive drop in the global markets was that a prime broker does not care what happens in 2030. And because half the market was crowded into the exact same names, his exit was everyone else's problem. SK Hynix and CoreWeave cratered. Korea's Kospi tripped circuit breakers. Over a million retail accounts got margin called. All of July's violence, the moves that had traders questioning their own sanity, was one book being taken apart in public. So the question this episode actually asks is whether this was one overlevered fund or the first crack in the AI trade itself. Because the market's answer this week was a shrug. Microsoft just posted the largest single-day market cap gain in history and credit spreads snapped back tighter, as if the whole thing was somebody else's accident. Kristen and Jen have both traded through cycles that ended this way, and they have seen exactly how comforting that shrug feels right before it stops being true.

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Chris examines the spectacular collapse of a high-profile AI hedge fund and explains why chasing extraordinary returns often ends in extraordinary losses. He argues that leverage, speculation, and "genius" investing are no substitute for disciplined risk management, urging investors to focus on proven long-term strategies instead of the latest Wall Street sensation.

Ali Horriyat is working to bring more compassion to the world. He is a former hedge fund owner who sold his $3 billion dollar fund to go all in on mental health and compassion. He is the founder of Compassiviste, a global network of humanitarian projects and philanthropic networks. He is also the author of 13 books on a wide range of topics, including poetry and personal essays. Ali joined host Robert Glazer to talk about giving up on his finance career, rededicating his life to mental health and wellness, and much more. Thank you to the sponsors of The Elevate Podcast Shopify: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠shopify.com/elevate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Masterclass: ⁠⁠masterclass.com/elevate⁠⁠ Framer: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠framer.com/elevate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Indeed: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠indeed.com/elevate⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Northwest Registered Agent: ⁠⁠⁠⁠⁠⁠⁠⁠northwestregisteredagent.com/elevate⁠⁠⁠⁠⁠⁠⁠⁠ Whatnot: Search "Whatnot" in the app store to download Fanvue: ⁠⁠⁠⁠fanvue.com⁠⁠⁠ Wealthfront: ⁠wealthfront.com/elevate⁠ More about Wealthfront This experience may not be representative of other Wealthfront clients, and there is no guarantee of future performance or success. Experiences will vary. Elevate with Robert Glazer podcast (collectively "Media Partner") are not clients of Wealthfront. The Media Partner receives cash compensation from Wealthfront Brokerage for this paid endorsement placed in their podcast, creating a conflict of interest. More details available via the referral link. The Direct Deposit Plus Investing Program from Wealthfront Advisers LLC and Wealthfront Brokerage LLC provides eligible clients a 0.25% APY increase above the base APY on eligible Cash Account balances (up to an overall boosted rate of 4.30% for a limited time when including the three month 0.75% APY boost for new clients) when you direct deposit $1,000 a month, plus open, fund, and maintain an investing account. Wealthfront may change or end the program at any time and determine eligibility at its discretion. Terms apply. Full details at wealthfront.com/promo-terms. The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC, member FINRA/SIPC. Wealthfront Brokerage is not a bank. The base APY is 3.30% on cash deposits as of January 30, 2026, is representative, subject to change, and requires no minimum. Funds in the Cash Account are swept to program banks, where it earns the variable APY. Same-day withdrawal or instant payment transfers may be limited by destination institutions, daily transaction caps, and by participating entities such as Wells Fargo, the RTP® Network, and FedNow® Service. New Cash Account deposits are subject to a 2-4 day holding period before becoming available for transfer. Investing involves risk, including the possible loss of principal. Securities investments are not bank deposits, bank-guaranteed or FDIC-insured, and may lose value. Investment advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Faber reports that one of AI's most closely watched voices, Leopold Aschenbrenner's hedge fund Situational Awareness, has sold its entire portfolio of public investments. We examine what the move could signal for AI investors. Plus, Jersey Mike's CEO joins along with Danny DeVito and Eli Manning to discuss the company's public market debut. And we break down Wall Street's reaction to earnings from Microsoft and Meta as investors assess the next phase of the AI trade.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

About Tom Hayes: ⁠⁠https://www.hedgefundtips.com/about-tj-hayes/⁠⁠Hedge Fund Tips Merchandise Store:https://hedgefundtips-shop.fourthwall.com/Contact Us/Tom: ⁠https://www.hedgefundtips.com/contact-us/⁠Great Hill Capital (Money Management) Contact: https://www.hedgefundtips.com/money-management/Free Stock Market Newsletter and Book: ⁠⁠https://www.hedgefundtips.com/free/⁠⁠Not Investment Advice - See Terms: https://www.hedgefundtips.com/terms-of-use

On this episode of Chit Chat Stocks, Brett and Ryan continue their study of super investors by looking at David Tepper. We discuss: (00:00) Introduction (07:40) Founding of Appaloosa and initial investment philosophy (10:01) Tepper's track record and notable returns (18:48) Case study: Russian 1998 financial crisis (24:09) Investing during the Enron and dot-com busts (32:07) The GFC rebound: Tepper's boldest move (40:22) Recent macro bets: China (46:19) Lessons from Tepper's investment approach and philosophy (52:29) Portfolio overview ***************************************************** Subscribe to our newsletter, Emerging Moats: emergingmoats.com  ********************************************************************* Chit Chat Stocks is presented by Interactive Brokers. Get professional pricing, global access, and premier technology with the best brokerage for investors today:  https://www.interactivebrokers.com/  Interactive Brokers is a member of SIPC.  ********************************************************************* Fiscal.ai is building the future of financial data. With custom charts, AI-generated research reports, and endless analytical tools, you can get up to speed on any stock around the globe. All for a reasonable price.  Use our LINK and get 15% off any premium plan: ⁠https://fiscal.ai/chitchat  ********************************************************************* Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation. Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens when a seasoned hedge fund executive applies decades of institutional investing experience to building AI-powered software for the world's most sophisticated financial firms? In this episode of Silicon Valley Successes, host Shawn Flynn sits down with Jan Szilagyi, Founder and CEO of Reflexivity, to explore the intersection of artificial intelligence, capital markets, and enterprise software. Drawing from his unique career spanning both hedge funds and technology startups, Jan shares what it takes to build software for one of the most demanding customer bases in the world—professional investors managing billions of dollars. He explains why today's competitive advantage is shifting from simply having access to information to asking better questions, and how AI is transforming the investment process. The conversation explores how hedge funds are evolving in the age of generative AI, what institutional investors are actually looking for from AI platforms, and how founders can avoid common mistakes when building and pricing AI-driven software products. Jan also discusses the realities of selling enterprise AI solutions in an increasingly crowded market, why customer education has become one of the biggest challenges for AI startups, and how Reflexivity helps investment firms uncover insights that traditional research methods often overlook. Whether you're building an AI company, investing in technology, or simply curious about how artificial intelligence is reshaping financial markets, this episode offers practical insights from someone who has successfully navigated both Wall Street and Silicon Valley. In This Episode Jan Szilagyi's journey from hedge funds to technology entrepreneur What life inside a modern hedge fund is really like How AI is changing institutional investing Why asking better questions is becoming more valuable than having more data Identifying investment opportunities with AI Building versus buying enterprise software The future of AI-powered investment research Educating enterprise customers on AI adoption Converting AI curiosity into measurable business value Pricing strategies for early-stage AI software companies Lessons learned selling into sophisticated financial institutions How Reflexivity helps investors uncover hidden market insights Key Takeaways AI is becoming a force multiplier rather than a replacement for human judgment. The firms that ask better questions will outperform those with simply more data. Enterprise AI adoption depends as much on trust and workflow integration as model performance. Pricing AI software should evolve as customer value and product intelligence increase. Building for institutional investors requires exceptional reliability, transparency, and measurable outcomes. About Jan Szilagyi Jan Szilagyi is the Founder and CEO of Reflexivity, an AI-powered platform designed to help institutional investors and financial professionals extract deeper insights from vast amounts of information. With a background spanning hedge funds and technology entrepreneurship, Jan combines expertise in investing, data analysis, and artificial intelligence to build tools that improve investment research and decision-making. Who Should Listen This episode is ideal for: Startup founders Venture capital and private equity professionals Hedge fund and asset management executives AI founders and product leaders Financial technology entrepreneurs Enterprise software executives Investors interested in AI applications Anyone curious about the future of intelligent investing Connect with Jan Szilagyi LinkedIn: https://www.linkedin.com/in/jan-szilagyi-12284ab/ Website: https://reflexivity.com/ Disclaimer: The views expressed in this podcast are for informational purposes only. They do not constitute financial, legal, tax, or investment advice, nor do they necessarily reflect the views of Finalis Inc. or Finalis Securities LLC, Member FINRA/SIPC. Any discussion of investment strategies, artificial intelligence, financial markets, or specific technologies is intended solely for educational purposes and should not be considered investment advice or a recommendation to buy or sell any security. #SiliconValleySuccesses #ArtificialIntelligence #AI #GenerativeAI #FinTech #HedgeFunds #EnterpriseAI #InvestmentResearch #MachineLearning #VentureCapital #AssetManagement #SaaS #StartupFounder #TechnologyLeadership #Innovation

Tech stocks been buffeted by a reversal of momentum in US equities, but hedge funds are still fundamentally bullish on AI stocks, according to Vincent Lin, co-head of Prime Insights and Analytics in Global Banking & Markets. In this conversation with Chris Hussey, he explains why the greatest cumulative selling of tech stocks in the history of his data set looks more like a “healthy reset” amid crowded trades and high volatility rather than a loss of conviction in the AI trade.  Date of recording: July 22, 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at ⁠http://www.gs.com/research/hedge.html⁠ Goldman Sachs does not endorse any candidate or any political party. Copyright 2026. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices

About Tom Hayes: ⁠⁠https://www.hedgefundtips.com/about-tj-hayes/⁠⁠Hedge Fund Tips Merchandise Store:https://hedgefundtips-shop.fourthwall.com/Contact Us/Tom: ⁠https://www.hedgefundtips.com/contact-us/⁠Great Hill Capital (Money Management) Contact: https://www.hedgefundtips.com/money-management/Free Stock Market Newsletter and Book: ⁠⁠https://www.hedgefundtips.com/free/⁠⁠Not Investment Advice - See Terms: https://www.hedgefundtips.com/terms-of-use

About Tom Hayes: ⁠⁠https://www.hedgefundtips.com/about-tj-hayes/⁠⁠Hedge Fund Tips Merchandise Store:https://hedgefundtips-shop.fourthwall.com/Contact Us/Tom: ⁠https://www.hedgefundtips.com/contact-us/⁠Great Hill Capital (Money Management) Contact: https://www.hedgefundtips.com/money-management/Free Stock Market Newsletter and Book: ⁠⁠https://www.hedgefundtips.com/free/⁠⁠Not Investment Advice - See Terms: https://www.hedgefundtips.com/terms-of-use

Are you looking to save time, make money, and start winning with less risk? Then head to https://www.ovtlyr.com.Learn more about OVTLYR: https://youtu.be/TUCbD5KovlcOne of my direct mentors was Larry Hite, the first billion-dollar hedge fund manager… and today, I'm breaking down one of the most powerful options lessons he ever taught me.In this deep dive, we explain how rolling deep-in-the-money options can create futures-like leverage on individual stocks, while keeping risk controlled through position sizing, ATR, and strict exit rules. This is the same core idea behind using options for capital efficiency: control more stock exposure without tying up your entire portfolio.We walk through exactly how rolling works using real trades in Apple, Everpure, Okta, and Zscaler. Instead of selling winners too early or shrinking position size as a trade works, rolling lets you take partial profits, free up capital, reduce risk, and keep the trade alive at full size.That's the ninja hack.We compare what would have happened if the original options were never rolled versus what actually happened after rolling. The result? Similar or better profits in several cases, but with significantly less risk still left on the table.✅ Larry Hite's deep-in-the-money options lesson✅ Why rolling options can reduce risk without cutting position size✅ ATR position sizing and consistent dollar risk per trade✅ Apple, P, OKTA, and ZS roll examples✅ Bank and Ride, roll credits, extrinsic value, delta, and spreads✅ Sector Intelligence Map and VEEE's explosive moveIf you've ever wondered how professional traders stay in big winners without panicking out too early, this episode shows the math, mechanics, and psychology behind it.Subscribe to OVTLYR for disciplined trading strategies that actually make sense.

Outline00:00 - Intro02:25 - Bachelier and the Théorie de la Spéculation03:05 - Stochastic processes, Brownian motion, and the heat equation09:45 - Poincaré's verdict, obscurity, and rediscovery13:50 - Robert C. Merton: from hot rods to MIT19:25 - Dynamic programming and Itô calculus24:35 - Merton's portfolio problem as stochastic optimal control31:10 - Options, dynamic hedging, and the Black–Scholes–Merton equation39:50 - LTCM: the dream team46:30 - August 1998: the crash49:00 - Fat tails and the ten-sigma defense51:40 - The ghosts of 2008 and echoes in the AI boom54:00 - Robustness embraced at last: Hansen and Sargent57:45 - OutroLinksBachelier's thesis, "Théorie de la Spéculation" (1900): https://www.numdam.org/item/10.24033/asens.476.pdfCourtault et al., "Louis Bachelier on the Centenary of Théorie de la Spéculation": https://doi.org/10.1111/1467-9965.00098Merton's Nobel autobiography: https://www.nobelprize.org/prizes/economic-sciences/1997/merton/biographical/Merton's MIT "Infinite History" interview: https://infinite.mit.edu/video/robert-c-merton-phd-%E2%80%9970/Mandelbrot, "The Variation of Certain Speculative Prices": https://doi.org/10.1086/294632Merton, "Optimum Consumption and Portfolio Rules in a Continuous-Time Model": https://doi.org/10.1016/0022-0531(71)90038-XMoehle & Boyd, "A Certainty Equivalent Merton Problem": https://doi.org/10.1109/LCSYS.2021.3111534Brigo & Mercurio, "Interest Rate Models: Theory and Practice": https://doi.org/10.1007/978-3-540-34604-3Armstrong, Brigo & Hanzon, "Optimal Projection Filters with Information Geometry": https://doi.org/10.1007/s41884-023-00108-xHu & Zhou, "Constrained Stochastic LQ Control with Random Coefficients, and Application to Portfolio Selection": https://doi.org/10.1137/S0363012904441969Black & Scholes, "The Pricing of Options and Corporate Liabilities": https://doi.org/10.1086/260062Merton, "Theory of Rational Option Pricing": https://doi.org/10.2307/3003143Merton, "Option Pricing When Underlying Stock Returns Are Discontinuous": https://doi.org/10.1016/0304-405X(76)90022-2Scholes' Nobel lecture: https://www.nobelprize.org/prizes/economic-sciences/1997/scholes/lecture/Merton's Nobel lecture: https://www.nobelprize.org/prizes/economic-sciences/1997/merton/lecture/Markowitz, "Portfolio Selection": https://doi.org/10.2307/2975974Michael Lewis, "Liar's Poker": https://en.wikipedia.org/wiki/Liar%27s_PokerEdwards, "Hedge Funds and the Collapse of Long-Term Capital Management": https://doi.org/10.1257/jep.13.2.189Lowenstein, "When Genius Failed": https://en.wikipedia.org/wiki/When_Genius_FailedTaleb, "Statistical Consequences of Fat Tails": https://arxiv.org/abs/2001.10488Taleb & West, "Working with Convex Responses: Antifragility from Finance to Oncology": https://doi.org/10.3390/e25020343Taleb, "The Black Swan": https://en.wikipedia.org/wiki/The_Black_Swan:_The_Impact_of_the_Highly_ImprobableTaleb, "Fooled by Randomness": https://en.wikipedia.org/wiki/Fooled_by_RandomnessMan Group, "The AI Bubble: Hidden Risks and Opportunities": https://www.man.com/insights/the-ai-bubbleSen. Warren's remarks at the Vanderbilt Policy Accelerator: https://www.banking.senate.gov/newsroom/minority/warren-remarks-at-vanderbilt-policy-accelerator-event-highlighting-economic-and-financial-risks-of-potential-ai-crashMeng & Chen, "Artificial Intelligence and Systemic Risk": https://arxiv.org/abs/2604.03272Doyle, "Guaranteed Margins for LQG Regulators": https://doi.org/10.1109/TAC.1978.1101791Safonov & Athans, "Gain and Phase Margin for Multiloop LQG Regulators": https://doi.org/10.1109/TAC.1977.1101470Hansen & Sargent, "Robust Control and Model Uncertainty": https://doi.org/10.1257/aer.91.2.60Hansen & Sargent, "Wanting Robustness in Macroeconomics": http://www.tomsargent.com/research/wanting.pdfSupport the showPodcast infoPodcast website: https://www.incontrolpodcast.com/Apple Podcasts: https://tinyurl.com/5n84j85jSpotify: https://tinyurl.com/4rwztj3cRSS: https://tinyurl.com/yc2fcv4yYoutube: https://tinyurl.com/bdbvhsj6Facebook: https://tinyurl.com/3z24yr43Twitter: https://twitter.com/IncontrolPInstagram: https://tinyurl.com/35cu4kr4Acknowledgments and sponsorsThis episode was supported by the National Centre of Competence in Research on «Dependable, ubiquitous automation» and the IFAC Activity fund. The podcast benefits from the help of an incredibly talented and passionate team. Special thanks to L. Seward, E. Cahard, F. Banis, F. Dörfler, J. Lygeros, ETH studio and mirrorlake . Music was composed by A New Element.

About Tom Hayes: ⁠⁠https://www.hedgefundtips.com/about-tj-hayes/⁠⁠Hedge Fund Tips Merchandise Store:https://hedgefundtips-shop.fourthwall.com/Contact Us/Tom: ⁠https://www.hedgefundtips.com/contact-us/⁠Great Hill Capital (Money Management) Contact: https://www.hedgefundtips.com/money-management/Free Stock Market Newsletter and Book: ⁠⁠https://www.hedgefundtips.com/free/⁠⁠Not Investment Advice - See Terms: https://www.hedgefundtips.com/terms-of-use

The Moneywise Radio Show and Podcast Monday, July 6th  BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Radio Show & Podcast" call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Management LinkedIn: Moneywise_Wealth_Management The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.  

SPONSORED BY NURP Nurp is algorithmic trading designed specifically for busy professionals who don't have time to watch markets. Check out http://www.start.nurp.com/doctors  to learn more. --- Physicians are constantly pitched the next "can't miss" investment opportunity—but how do you separate legitimate strategies from financial hype? In this sponsored episode, Drs. Tim and May Hindmarsh sit down with Jeff Sekinger, founder of NURP, to unpack algorithmic trading, quantitative investing, and where alternative investments may fit into a physician's overall financial strategy. Jeff explains how institutional-style trading technology differs from traditional investing, why emotional investing often hurts long-term returns, and how busy professionals can explore quantitative trading without actively managing every trade themselves. As always, this conversation is educational—not financial advice—and encourages listeners to ask questions, do their own research, and make informed decisions.   In This Episode Why physicians are frequently targeted by investment marketers What algorithmic (quantitative) trading actually is How institutional investors use automated trading systems The difference between hedge funds and licensed trading technology Why diversification goes beyond stocks and bonds Understanding alternative investments Managing risk with predefined controls Liquidity versus locked-up investments Tax considerations for active trading Using demo accounts before investing real money Where algorithmic trading may fit within a long-term portfolio Key Takeaways Algorithmic trading removes emotion. Trading decisions are based on mathematical models and historical testing rather than fear, hype, or headlines. Alternatives should remain a small allocation. Rather than replacing traditional retirement investing, alternative strategies may serve as a complement within a diversified portfolio. Risk management matters. The discussion emphasizes setting predefined loss limits, adjusting position sizing, and understanding volatility before investing. Education comes first. Listeners are encouraged to learn how any investment works before committing capital—and to test strategies using demo accounts whenever possible. Physicians deserve better financial education. Medical training prepares physicians to care for patients—not necessarily to manage wealth. Understanding investment basics can lead to better long-term financial decisions.   Resources Mentioned NURP Demo Platform Modern Portfolio Theory (MPT) Efficient Frontier Quantitative (Algorithmic) Trading Gold Momentum Trading Strategies Section 1256 Tax Treatment Roth IRA vs. Taxable Brokerage Accounts Sponsor Disclosure   This is a sponsored episode featuring NURP. Sponsorship does not influence the hosts' questions or opinions. Nothing discussed in this episode should be considered financial, legal, or tax advice. Always conduct your own research and consult qualified professionals before making investment decisions Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

About Tom Hayes: ⁠⁠https://www.hedgefundtips.com/about-tj-hayes/⁠⁠Hedge Fund Tips Merchandise Store:https://hedgefundtips-shop.fourthwall.com/Contact Us/Tom: ⁠https://www.hedgefundtips.com/contact-us/⁠Great Hill Capital (Money Management) Contact: https://www.hedgefundtips.com/money-management/Free Stock Market Newsletter and Book: ⁠⁠https://www.hedgefundtips.com/free/⁠⁠Not Investment Advice - See Terms: https://www.hedgefundtips.com/terms-of-use

In this episode, Liz Ann Sonders sits down with Keith McCullough, founder of Hedgeye, to revisit his “quads” framework—a model that categorizes market environments based on the direction of economic growth and inflation. McCullough emphasizes process over prediction, arguing that investors should focus on the momentum of these variables to adapt to rapidly shifting market conditions. The conversation explores a volatile macro backdrop marked by geopolitical shocks, leadership changes at the Fed, and evolving market structure. McCullough explains how increased instability has accelerated market cycles, requiring a more nimble, data-driven approach. He outlines his view that inflation likely peaked and is set to decelerate, setting up a shift toward disinflation, and potentially slower growth, over the coming quarters. They also discuss implications for asset allocation, including declining bond yields globally, a rotation away from mega-cap dominance, and opportunities in under-owned, rate-sensitive sectors like housing and real estate. McCullough highlights growing risks tied to market concentration, new equity supply (including major IPOs), and speculative activity, while stressing the importance of disciplined, rules-based investing. The episode concludes with a discussion of investor behavior, with McCullough urging listeners to detach from narratives and emotions, and instead rely on process, data, and adaptability in an increasingly fast-moving market environment. Finally, Collin and Liz Ann look ahead to next week's upcoming macroeconomic indicators and key data releases.  To keep up with Keith McCullough, you can follow him on X: @KeithMcCullough On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures The comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab. Investors in ETFs should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus via 1-800-435-4000.  Please read the prospectus carefully before investing. This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal.  Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets. Currencies are speculative, very volatile and not suitable for all investors. Investing in cryptocurrencies involves risk, including the risk of total loss of principal invested. Cryptocurrencies such as bitcoin and ethereum are highly volatile, are not backed or guaranteed by the bank, any central bank or government; are not deposits; are not FDIC insured; are not SIPC protected; and lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have.  Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.  All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. Schwab does not recommend the use of technical analysis as a sole means of investment research. Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction.  The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions  The book Diary of a Hedge Fund Manager is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Schwab has not reviewed the book and makes no representations about its content. The PHLX Semiconductor Sector Index (SOX) is a capitalization-weighted index composed of 30 semiconductor companies. (0626-2U7S) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

About Tom Hayes: ⁠⁠https://www.hedgefundtips.com/about-tj-hayes/⁠⁠Hedge Fund Tips Merchandise Store:https://hedgefundtips-shop.fourthwall.com/Contact Us/Tom: ⁠https://www.hedgefundtips.com/contact-us/⁠Great Hill Capital (Money Management) Contact: https://www.hedgefundtips.com/money-management/Free Stock Market Newsletter and Book: ⁠⁠https://www.hedgefundtips.com/free/⁠⁠Not Investment Advice - See Terms: https://www.hedgefundtips.com/terms-of-use

John is joined by Shawn Fagan, the Chief Legal Officer of Citadel LLC and a key legal figure at Citadel Securities. Citadel is the most profitable hedge fund globally, while Citadel Securities is a leading market maker, processing nearly one-third of U.S. equities and options trades. They discuss Shawn's insights into the unique legal challenges of these rapidly growing organizations.Shawn has essentially four clients: Citadel, Citadel Securities, founder Ken Griffin, and Griffin's family office. His responsibilities extend beyond legal oversight to include regulatory affairs and compliance, reflecting the complexities of modern finance.Shawn's journey to Citadel was unconventional. He started as a litigator at Bartlit Beck, a boutique trial firm, where he spent nearly half his time in trial. He participated in high-profile cases, including Bush v. Gore, but ultimately realized that trial work was not his passion. A chance meeting with Ken Griffin led to an in-house opportunity at Citadel, where he has now been for 20 years.During that time, Citadel has grown from 1,000 employees and $12 billion in assets under management to 4,900 employees and $65 billion in assets under management. The focus of Shawn's role at Citadel is building the right teams to meet the demands of rapidly growing markets around the world, developing technology to ensure regulatory compliance across billions of transactions every day, and maintaining consistent standards in an organization that continues to grow at an extraordinary pace.Citadel has engaged in several high-profile legal battles, including lawsuits against the SEC and IRS, reflecting the firm's willingness to challenge regulations it views as unreasonable and unduly burdensome. When retaining outside counsel, Shawn looks for lawyers with strategic vision who can articulate a clear path to winning cases.Podcast Link: Law-disrupted.fmHost: John B. Quinn Producer: Alexis HydeMusic and Editing by: Alexander Rossi

Ben turns a family trip to an amusement park with nephew Jude into a full-blown game of Mortal Kombat! Along the way, there's elementary-school pizza courtesy of "Doris," lemonade with no lemons, and an Apple Watch-fueled adventure. Ben transforms into an artificially flavored Robin Hood, taking down Bernie Madoff at the Hedge Fund game, before embarking on a scavenger hunt to save the 2026 NFL Book'em. Add in Hollaring James breathing, wheezing, and farting simultaneously, and you've got peak Benfoolery. Subscribe, like, and enjoy! Follow, rate & review "The Fifth Hour!" https://podcasts.apple.com/us/podcast/the-fifth-hour-with-ben-maller/id1478163837 Engage with the podcast by emailing us at RealFifthHour@gmail.com ... Follow Ben on Twitter @BenMaller and on Instagram @BenMallerOnFOX ... #BenMaller #FSRWeekendsSee omnystudio.com/listener for privacy information.

These New Betting Laws are already getting pushback after Massachusetts introduced a rule requiring sportsbooks to notify bettors when their accounts are limited and provide a reason. On paper, it's framed as transparency for consumers, but early reactions from bettors suggest it doesn't actually explain much—just a polished way of saying winning action isn't welcome. The debate has quickly turned into whether this is real protection for bettors or just another layer of messaging that changes nothing about how limits are applied. Also on today's show, the ongoing Haralabob vs Matt Kalish feud continues to escalate, with Haralabos Voulgaris challenging the consistency and fairness of industry narratives around prediction markets and sportsbook growth strategies. The discussion has spilled into broader questions about hypocrisy, market evolution, and how legacy betting companies justified their early expansion tactics. On top of that, hedge funds and trading firms like SIG are reportedly struggling to retain or recruit top-tier traders, as prediction markets and independent trading opportunities give sharp talent more freedom than ever before. On today's LIVE Circle Back, host Jacob Gramegna is joined by Porter of BA Analytics, pro sports bettor Chinamaniac, and sharp bettor Isaac Rose-Berman. The show goes live Thursdays at 4 PM ET on Circles Off, part of The Hammer Betting Network.