Podcasts about liar's poker

Victor Haghani is the author of a new book called The Missing Billionaires: A Guide to Making Better Financial Decisions, which explores why family fortunes like the Vanderbilts' get destroyed in the hands of the heirs. Victor knows a lot about wild swings in wealth. As co-founding partner of the Long-Term Capital Management (LTCM), Victor saw the hedge fund's value soar over the first years of its existence then plummet spectacularly, losing 90% of its value in the first nine months of 1998. It was bailed out by a consortium of banks that injected $3.6 billion under the supervision of the Federal Reserve. In this conversation and his new book, Victor graciously shares candid insights from this harrowing experience, discusses the emotional roller coaster of his fund's very public implosion, and reminds us of some facts many have forgotten: that the banks got their money back as did most of the original investors. Unfortunately, a few investors got washed out, as did the founders. Victor tells Paul how he balanced regret with the need to move forward. Victor graduated from London School of Economics then started his career in 1984 at Salomon Brothers where he eventually became a managing director in the bond arbitrage group made famous by Michael Lewis in Liars Poker. His participation in the failure of LTCM was a life-changing experience that led him to question and revise much of the way he thought about the economy, markets, and investing. Through a careful study of the academic literature on investing and many thought-provoking discussions with friends, colleagues, and investors of all backgrounds,Victor concluded that savers can and should do much better. He founded Elm Wealth in 2011 to help investors, including his own family, manage their savings in a disciplined, research-based, cost-effective manner and to capture the long-term returns they ought to earn.  See more about The Missing Billionaires and Elm Wealth here and connect with Victor here. ⭐ Rate and Review Crazy Money here. (Seriously, do it!)⭐  ✍️ Get Paul's writing to your Inbox here. (Seriously, do this also!) ✍️

The start and the falling apart of my first marriage. Helping to start COMSEC, Commonwealth Bank, private equity, Leveraged finance, CVC, the great dealing room, Brambles, Bond and repo trading. Sitting next to Rachel. Training for the Hero's Journey. Buying and selling real estate. Kerr Neilson. Wall Street, Liars Poker. The death of Scully. ABB and the Wallenberg family. Skiing Engelberg.

On this week's episode, host Colbert Cannon sits down with Faith Rosenfeld, Chief Administrative Officer at HPS Investment Partners. Faith recounts the many roles she took on during her 15-year tenure at Goldman Sachs and how one of those roles led her to taking a “blank sheet of paper” approach. Then, Faith discusses her leap into entrepreneurship as a Founding Partner of The Beacon Group, a private equity and advisory firm later acquired by JP Morgan Chase. She shares how business ownership further broadened her unique set of skills and prepared her to join HPS, then Highbridge Principal Strategies, as one of its first-ever employees. We talk about the evolution of the firm to today – and look ahead to how it is integrating ESG strategies from a private credit perspective and fostering an entrepreneurial spirit in its talent.Learn more about Faith Rosenfeld's tenure at HPS here. Find a link to order Faith's first Best Idea, the memoir Lost and Found by Kathryn Schutz here. And watch her second Best Idea, 14 Peaks: Nothing is Impossible here. You can find Colbert's Best Idea for this week, Michael Lewis' Liar's Poker, here.

Brent Donnelly, President of Spectra FX Solutions and author of, "Alpha Trader" and, "Art of Currency Trading", discusses his attraction to currency trading and the mindset needed to succeed in a field that is both art and science.

This week, Patrick Ceresna and Kevin Muir welcome Jay Newman to the show. Jay has been a developing markets debt trader for Lehman and Morgan Stanley.  He then spent the next two decades working at Elliott Management, being best known as the hedge fund manager who chases dead beat countries for payment on defaulted bonds.  As for the next stage of his life, Jay has written a fiction book - UNDERMONEY which is part James Bond, part Liars Poker.

หนังสือ Liar's Poker ของ Michael Lewis - กลวิธีในการใช้การลวงตาในการเล่นไพ่โป๊กเกอร์คือเรียกไพ่ที่มีค่าสูงขึ้นไปเรื่อย ๆ แล้วไม่ให้ผู้อื่นทายเลขอย่างถูกต้อง - การเดิมพันที่มีแต่ความเสี่ยงทั้งหมด ไม่มีอะไรได้คืนกลับมาเลย คือการทุ่มหมดหน้าตักกับการขายตราสารหนี้ให้กับบริษัท - ถ้าเรารู้ว่าบางบริษัทจ้างพนักงานมาเพื่อเป็นหน้าม้า แล้วนั่นอาจจะหมายถึงความล้มเหลวอย่างแท้จริงภายในองค์กรนั้น ๆ - ชั้นของการทำงานทั้งชั้นอาจจะไม่มีการทำงานที่แท้จริง แค่รับฟังคำสั่งแล้วก็ทำตาม บางทีอาจจะไม่ได้ทำอะไรเลยด้วยซ้ำไป - ภาพของการทำงาน (ก่อน) ที่ได้ทำงานจริง ๆ อาจจะไม่เหมือนกับภาพของการทำงาน (หลัง) เข้ารับทำงานจริง ๆ เลยก็ได้

In today's podcast Patrick Boyle interviews Victor Haghani, former Long Term Capital Management Partner about Salomon Brothers in the days of Liars Poker, What it was like working at LTCM, different approaches to investing, short squeezes, arbitrage and how Victor invests today. We talk briefly about the GameStop short squeeze, Melvin Capital and why Steve Cohen and Citadel might have invested more money.Victor has spent more than 40 years in the world of finance, from the London School of Economics to Salomon Brothers to LTCM and finally to Elm Partners, Victor has a wealth of knowledge to share about indexing, value investing, momentum risk management and international diversification.Subscribe to Victors mailing list: https://elmfunds.com/blog/Victor's Ted Talk: https://www.youtube.com/watch?v=1yJWABvUXiU&t=26sBooks Mentioned in the video: Liar's Poker by Michael Lewis: https://amzn.to/3asrt7NWhen Genius Failed by Roger Lowenstein: https://amzn.to/3pKOrxjInside The Yield Curve by Martin Leibowitz :https://amzn.to/2NVkaxHTriumph of The Optimists by Elroy Dimson: https://amzn.to/2LcixL5 Patrick's Books:Statistics for The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleSupport the show (https://www.patreon.com/PatrickBoyleOnFinance)

When the leader of a drug cartel and one of the world's most wanted men is apprehended by the team, the entire FBI headquarters is put at risk when his henchmen unveil a plot to free him; Isobel must make a difficult decision. Scorecard: 7/10 Feedback : blackgirlcouch@gmail.com Twitter: Black Girl_Couch Tumblr: slowlandrogynousmiracle

I have been reading a lot of financial disaster books lately like Liars Poker, FIASCO, and When Genius Fails and it got me thinking about what in our current financial system could be responsible for a future crash when we look back from a historical view.  I talk about Modern Portfolio Theory about how you are likely exposed to it and why it might be a problem.  I hope you enjoy it.  Thanks for listening. -Brad---Email: bradrykalbrief@gmail.comTwitter: @bradrykalIf you like the show - subscribe, leave a review or tell a friend. 

Twitter: @twpwkPatreonIn this episode we chat with Julian Scurci about the impacts of COVID and the coming recession on the real estate market. What is it like to be a landlord during this time? What rules are in place to protect people who can't pay their rent or their mortgage? How hard with commercial real estate get hit? Julian has been involved in the real estate industry for over a decade. He owns several multifamily properties and used to work for a large commercial REIT. Julian is also a partner in the hedge fund Corona Associates Capital Management.Recommendations3Ms to stay mentally healthyCOVID-19 StatsLiar's Poker by Michael LewisSaudi America by Bethany McLeanShameless PlugsJulian's Fund:Corona Associates Capital ManagementFollow @JulianScurci on TwitterFor coffee drinkers:Mike's coffee company: Bookcase CoffeeFor equity investors:Jeff's software: FolioFollow UsTwitter: @twpwkiTunesSpotifyStitcherGoogle PodcastsPocket CastsOvercast

  If you like global intrigue, financial crime, wealth porn, and absurdity, “Billion Dollar Whale,” by Tom Wright and Bradley Hope, is for you. It’s the story of Jho Low, an enterprising businessman from Malaysia who used his social connections to the country’s former Prime Minister Najib Razak to transform himself into an international financier. According to Wright and Hope’s account, Low persuaded Razak to create an investment fund, 1MDB, financed with government money, which Low managed behind the scenes. Goldman Sachs and other banks helped raise ten billion dollars for the fund. Then approximately five billion dollars of the money disappeared, prompting an international scandal. Sheelah Kolhatkar; September 28, 2018; The New Yorker "I met these guys, and said to my girlfriend Anne, ‘these guys are #@&%ing criminals… this is a #@&%ing scam, anybody who does this has stolen money.‘ You wouldn't spend money you worked for like that." Jordan Belfort; January, 2017; com "I am very pleased to confirm that a landmark comprehensive, global settlement has been reached with the United States government." Jho Low; October, 2019   This week on InSecurity, Matt Stephenson welcomes Pulitzer Prize nominated journalist Bradley Hope for a conversation detailing the mindboggling saga of Jho Low and his jaw dropping tale of theft and debauchery. How do you break into Hollywood, New York society and Global Financial Markets? Having $5 BILLION in purloined money in your pocket certainly helps. Stick around…   About Bradley Hope   Bradley Hope (@bradleyhope) has worked for the Wall Street Journal for the last four years, covering finance and malfeasance from New York City and London.   Before that, he spent six years as a correspondent in the Middle East, where he covered the Arab Spring uprisings from Cairo, Tripoli, Tunis, and Beirut. He was detained by authorities in Bahrain, reported from the front lines of the Libyan civil war, and has been teargassed in raucous Egyptian protests.   Bradley is a Pulitzer finalist and a Loeb winner, and also author of Last Days of the Pharaoh, a chronicle of the final days and hours of the presidency of Hosni Mubarak.     “Billion Dollar Whale,” an Absurd Tale of Financial Fraud     The definitive inside account of the 1MDB scandal, a true life thriller about a modern Gatsby who managed to swindle over $5 billion with the aid of Goldman Sachs and others.   Billion Dollar Whalre is an epic tale that exposes the secret nexus of elite wealth, banking, Hollywood, and politics from two award-winning Wall Street Journal reporters.   In 2009, with the dust yet to settle on the financial crisis, a baby-faced, seemingly mild-mannered Wharton grad began setting in motion a fraud of unprecedented gall and magnitude--one that would come to symbolize the next great threat to the global financial system. His name is Jho Low, a man whose behavior was so preposterous he might seem made up.    An epic true-tale of hubris and greed, Billion Dollar Whale reveals how this young social climber pulled off one of the biggest heists in history--right under the nose of the global financial industry. Federal agents who helped unravel Bernie Madoff's Ponzi scheme say the 1MDB affair will become the textbook case of financial fraud in the modern age--and its fallout is already being credited for taking down the prime minister of Malaysia.    For readers of Liar's Poker, Den of Thieves, and Bad Blood, Billion Dollar Whale will become a classic, harrowing parable about finance run amok.    About Matt Stephenson   Insecurity Podcast host Matt Stephenson (@packmatt73) leads the Security Technology team at Cylance, which puts him in front of crowds, cameras, and microphones all over the world. He is the regular host of InSecurity podcast and video series at events all over the world.   Twenty years of work with the world’s largest security, storage, and recovery companies has introduced Stephenson to some of the most fascinating people in the industry. He wants to get those stories told so that others can learn from what has come   Every week on InSecurity, Matt interviews leading authorities in the security industry to gain an expert perspective on topics including risk management, security control friction, compliance issues, and building a culture of security. Each episode provides relevant insights for security practitioners and business leaders working to improve their organization’s security posture and bottom line.   Can’t get enough of Insecurity? You can find us at ThreatVector InSecurity Podcasts, Apple Podcasts and GooglePlay as well as Spotify, Stitcher, SoundCloud, I Heart Radio and wherever you get your podcasts!   Make sure you Subscribe, Rate and Review!

The boys are back in town! Three friends debate all the pressing issues of the day. From politics, to movies, to the problems of finding love in contemporary America. 20-30-40 is a cross generational examination of culture. Tune in to find out what happens when a bi-sexual 20 something, straight 30 something and gay 40 something get together for an hour of lively debate. Will they ever find a solution to their problems? Or will they simply continue to argue until they grow sick of each other.

Whether writing about the business of baseball, or the strange and surprising subcultures of the financial world, Michael Lewis has a penchant for iconoclasts of industry, and characters so fascinating they seem imagined. Several of his bestselling books, including “Moneyball” and “The Big Short,” have been made into movies. On April 11, 2019, Michael Lewis came to the Sydney Goldstein Theater to talk with Jacob Weisberg about his career in journalism, from reading Tom Wolfe on the floor of his childhood home to the overnight success of his debut publication “Liars Poker.” The conversation was interspersed with clips from Lewis’ new podcast “Against the Rules.”  

Twitter: https://twitter.com/pgbovineSupport with PayPal, Patreon, credit/debit: http://pgbovine.net/support.htmhttp://pgbovine.net/PG-Podcast-Hour-18.htm- [Berkshire Hathaway Inc.: Shareholder Meeting Information](http://www.berkshirehathaway.com/sharehold.html)- [PG Vlog #226 - media swarming](http://pgbovine.net/PG-Vlog-226-media-swarming.htm)- [Living in NYC during a Crisis](https://www.youtube.com/watch?v=KcyPbfAFw4A) by Casey Neistat- [Liar's Poker](https://www.amazon.com/Liars-Poker-Norton-Paperback-Michael-dp-039333869X/dp/039333869X/) by Michael Lewis- [Why books don't work](https://andymatuschak.org/books/) by Andy Matuschak- [Thinking, Fast and Slow](https://www.amazon.com/dp/B00555X8OA) by Daniel Kahneman- [Make It Stick: The Science of Successful Learning](https://www.amazon.com/Make-Stick-Science-Successful-Learning-dp-0674729013/dp/0674729013/) by by Peter C. Brown, Henry L. Roediger III, Mark A. McDaniel- [The Ph.D. Grind](http://www.pgbovine.net/PhD-memoir.htm)- [Watch Me Play](http://watchmeplay.cc/book/) by T.L. Taylor- [Essentialism: The Disciplined Pursuit of Less Paperback](https://www.amazon.com/Essentialism-Disciplined-Pursuit-Greg-McKeown/dp/0753555166/) by Greg McKeown- [What I would've wanted to know as a 3rd/4th-year assistant professor](http://www.pgbovine.net/third-fourth-year-assistant-professor.htm)- [Overcooked game](http://www.ghosttowngames.com/overcooked/)- [WWF attitude era](https://en.wikipedia.org/wiki/Attitude_Era)Recorded: 2019-05-12

Bloomberg Opinion columnist Barry Ritholtz interviews acclaimed journalist Michael Lewis, whose best-selling books include "Flash Boys: A Wall Street Revolt," "The Big Short: Inside the Doomsday Machine," and "Moneyball: The Art of Winning an Unfair Game." After graduating from Princeton and the London School of Economics, Lewis worked on the bond desk at Salomon Brothers, an experience he recounted in his first book, "Liar's Poker." He went on to pen more than a dozen books and currently contributes to Bloomberg Opinion; his first podcast series, "Against the Rules," launched in April. 

Welcome to the inaugural Equity Mates Book Club! As we speak to more and more expert investors, we keep hearing the same thing - the importance of reading. So we've started our own Equity Mates Book Club so you can join us in reading and discussing some of the best investing books around. Hopefully it makes the task of learning about investing just that little more enjoyable. First up, we have Liar's Poker by Michael Lewis. Lewis is the best-selling author of Moneyball and The Big Short. This is his first book, about his time at Salomon Brothers - a bond trading firm in the 1980's. Salomon was a high-flying firm that lived up to a lot of stereotypes of Wall Street in the 1980's until it all came crashing down. To keep up with the Book Club, see past and future month's reads and to buy any of the books we discuss - check out our Book Club link below. https://equitymates.com/bookclub

Jurgis, too, had heard of America. That was a country where, they said, a man might earn three roubles a day; and Jurgis figured what three roubles a day would mean, with prices as they were where he lived, and decided forthwith that he would go to America and marry, and be a rich man in the bargain. In that country, rich or poor, a man was free, it was said; he did not have to go into the army, he did not have to pay out his money to rascally officials—he might do as he pleased, and count himself as good as any other man. In this episode of Made You Think, we discuss The Jungle by Upton Sinclair It is a novel that portraits realistically the life at the time of immigrant families. Aimed to promote socialism, it ended conceiving the first laws of consumer protection in the United States after the scandal created by the revelation of meat packing malpractices. “Leave it to me; leave it to me. I will earn more money—I will work harder. Jurgis.” We cover a wide range of topics, including: The 3-day weekend A list of malpractices in the meatpacking industry that ended Embalmed meat killing soldiers in Spain Children labor in tech startups Monstrous sized apples and food stamps diets Businesses taking advantage of illegal immigrants Fiverr ads in NY and the Gig economy And much more. Please enjoy, and be sure to grab a copy of The Jungle by Upton Sinclair! If you enjoyed this episode, be sure to check out our episode on Atlas Shrugged by Ayn Rand, counterpoint to The Jungle, a book that vows for Capitalism, as well as our Recap episode, where we summarize our first 20 books, all under the effects of alcohol :). Be sure to join our mailing list to find out about what books are coming up, giveaways we're running, special events, and more.   Links from the Episode Mentioned in the show Lacroix [0:41] Pure Food and Drugs Act [2:46] Meat Inspection Act [2:46] Kettle & Fire [48:26] Food stamps don’t cover the cost of healthy eating [49:01] Costco [50:43] Peter Attia at the Joe Rogan experience - Cocaine Revolutionized Surgery [59:19] Snus – Chewing Tobacco [1:01:28] Lindy Effect [1:02:34] Verizon AT&T-Time Warner Trust [1:14:17] Interstellar [1:15:52] North Star Podcast [1:17:29] Foxconn [1:19:50] Nike [1:19:50] Patreon [1:38:19] Distracted Boyfriend meme - Socialists vs. reality [1:42:17] Uber [1:50:25] Fiverr Ads in NY [1:50:25] UpWork [1:51:28] Hinge [2:01:55] Books mentioned The Jungle by Upton Sinclair (Nat's notes) Uncle's Tom Cabin by Harriet Beecher Stowe [3:20] Seeing Like a State by James C. Scott [3:52] Atlas Shrugged by Ayn Rand [4:11] The Denial of Death by Ernest Becker [24] (Nat’s notes) (book episode) Liar's Poker by Michael Lewis [25:] Sapiens by Yuval Noah Harari [37-42] (Nat’s notes) (book episode part 1 & part 2) Skin in the Game by Nassim Taleb [1:03:18] (Nat’s notes) (book episode) Leverage Points by Donella Meadows [1:22:15] (article episode) The Elephant in the Brain by Kevin Simler and Robin Hanson [1:23:32] Animal Farm by George Orwell [1:44:49] The Power of Myth by Joseph Campbell [1:48:12] (Nat’s notes) (book episode) The Sovereign Individual by James Dale Davidson [1:49:38] (Nat’s notes) (book episode) Das Kapital by Karl Marx [2:04:37] War and Peace by Leo Tolstoy [2:05:22] Zen and Art of Motorcycle Maintenance [2:05:35] People mentioned Upton Sinclair Adil Majid [37:42] Nassim Nicholas Taleb [56:01] (Antifragile episode) (Skin in the Game episode) Chris Christie (sports betting in New Jersey) [56:52] Neil deGrasse Tyson [1:17:02] David Perell from the North Star podcast [1:17:29] George Orwell [1:44:21] Jordan B. Peterson [1:45:16] (on Twitter) (12 Rules episode) Warren Buffet [1:46:23] Elon Musk [2:04:05] (on this podcast) Jeff Bezos [2:05:06] Show Topics 0:00 – The Jungle It is a book commonly read in High School, but probably the intention gets missed when read young. The content of the story is very dark. At first it seems to be a book about the terrors of the meat industry, but Sinclair aimed at the perils of Capitalism. It shows the problems with pure Laissez-faire economic systems (while other books as Atlas Shrugged critique Top-Down economies). 4:28 –  Sinclair was upset that his book didn’t meet the goal to promote socialism, all it had was the effect of changing how the US regulates the meat industry.  The value of safety nets and consumer protection laws. 7:14 – We didn't had weekends as we know them today. Some people suggest we will be able to mitigate some of the effects of automation by shortening the work week even more. Some startups and companies already offer Summer Fridays, where employees take Friday off. This is backed by noticing that does not affect productivity. 11:47 – Sinclair disavowed Socialism, he said it was not well implemented. Also, that Unions are an equally corrupt part of the system too. However, the book seems quasi religious, as lacks critics to Socialism. 14:39 – The book tells the story of Jurgis, who decides to move from Lithuania to Chicago with his family. He first feel betrayed with his friend, which he thought was rich. At that time, moving was one-way, people didn't have the money to travel back. The experience to moving to a completely extraneous place you never saw and with different language. Practically there is no culture living in complete isolation today, given the spread of the Internet and the English language. 20:02 – Jurgis gets his first job is sweeping guts and parts of cattle into a pit. The joy of having a job and the feeling of being settled. Not being paid for partial clock ours or waiting ours. Investment banking seems like a modern upper middle class version of the same problem. 25:44 – No security. Jurgis get injured and rests at home, without being paid. Hard work spirit. “Leave it to me; leave it to me. I will earn more money—I will work harder.” 26:05 – Sinclair attacks meritocracy. It's not those who work hard that are the ones who are wealthy. The people who had made it are not the people who'd done a good job, it's the people who'd figured out how to rig the system. Meritocracy, honesty (or dishonesty), conditions at birth and luck as the shapers of one's future. Reconciling the victim mentality with the meritocratic attitude. 28:45 – White privilege is probably true, but people started very poor and developed wealth through generations. The leap from "making money to stay alive" to "making money and build wealth". College funds compounding. 32:52 – Part of why we create wealth is to pass it to our children. Taking out inheritance plus giving immigrants upper-middle class quality of life from the start, as Socialism suggest, would take out incentives to create wealth. Socialism as the evolution of King-and-Serve model, in the way that somebody else take care of you once you pay the access to the system. 35:30 – Parents that bring their kids to America but want them to maintain their customs of origin. Contingencies buying a house. Having to send the kids to sustain the mortgage payment. Our senses ignore the static, concentrate on changes. 38:45 – Child labor was common 100 years ago. Is it OK to forbid child labor? Imposing modern values to pre-modern societies. China negating climate protocols. What if children work in tech positions at startups? 43:36 – How bad the meat packing industry was in terms of what went into the final product. A list of malpractices in the meat industry. Embalmed meat killing soldiers in Spain. Poisoned bread for rats. Sausages diluted with potato flour. Diluted or doctored food. The bargain of the peasant and hunter-gatherer lifestyle vs modern society. 49:01 – Optimizing food stamps to get the best diet. Why produce are not nutritious any more. Charging crops by weight as a bad incentive to produce nutritious crops. Size difference between wild and domesticated fruit species. Comparing fruits with candies and soda. Coca tea good for altitude sickness. 56:00 – Drugs and gambling becoming ubiquitous in the US. Libertarian trend legalizing gay marriage, suicide, drugs, poker and weed, MDMA. Cocaine and marijuana schedules for trials for medical treatments. Consuming opioids and tobacco in natural form, reducing cancer and other unwanted long term effects. Overdosing sugar. 1:03:18 – Jurgis back to the job market at Packagetown, finds a job in the fertilizers plants. 1:05:27 – Scentbird: monthly subscription for premium perfumes and colognes, delivered at your door in convenient packaging and at incredible rates! Nat's favorite is Blue by Chanel, Neil's using Dolce & Gabbana's Light Blue. Use our code to get 50% off the first month. 1:08:43 – Jurgis passes through jail. Spoiler alert! Jurgis is blacklisted from all jobs and becomes a bum. Parallel between the beef trust and the communications trust. Jurgis finally gets a better job in Downtown. 1:18:09 – When the supply of work is much greater than the demand. Working by the day. Immigrants taking US jobs working in illegal conditions. Unfair systems that can't be fixed by just replacing the pieces at the top. Businesses aren't much penalized, individuals are, when talking about illegal immigrants. 1:24:24 – The Government job to protect citizens. Markets can take care of most of their problems, but sometimes rules are needed. GMOs at Walmart. 1:26:24 – Jurgis loses all his family and becomes a bum, a modern version of the hunter gatherer. Jurgis gets into the underground. Suggestion that the only way to get rich in America is by breaking the law. 1:32:52 – Jurgis gets back in a meat packing business, but in a better position. Finally gets out of Chicago. 1:35:35 – The book slides down into Socialism. Blind political speeches. Distinguishing Socialism from Communism. Free associations and Patreon. Degrees of Libertarianism. Anarchism. Countries not implementing Socialism properly argument. 1:42:17 – Is Socialism impossible because of Human nature? Strong man arguments for and against Socialism. Orwell and Peterson common background at the Socialist Party. Socialism as a satisfying and seductive system for the intellectual part of our brains. 1:46:00 – Top-down beats Bottom-up messy chaos on paper, but the opposite happens in reality. We tend to give more importance to things that can be measured, but that doesn't mean unmeasured things doesn't exists. Argumentative tactics. The miss of a Socialist hero in the plot. The Gig economy. 1:53:14 – Sinclair shows that each individual who is involved in the system is following the incentives they have. Seeing a true need for government. 1:54:08 – Sponsors! Scentbird. Only $7.50 for your first month subscription using our code. Kettle & Fire’s grass fed bone broth to reconstitute your gut health, up to 28% discount plus free shipping using our code. We highly recommend the mushroom chicken and mushroom flavor. Get 20% off for your keto related products on Perfect Keto. Exogenous ketones supplements, and MCT oil to supplement your good fat needs. Drink Four Sigmatic, delicious mushroom coffee. Try their new Golden Latte Mushroom Mix with shitaki and turmeric, and the Chai Latte Mush with turkey tail and reishi. None of these have caffeine, ideal to drink them the whole day. Get 20% off your first order from Cup & Leaf. Try the Cream Earl Grey and the Lopson su chong, the whiskey of black teas. Get the black tea sampler to try all black teas. De-fund Bezos' rocket company by using our Amazon affiliate link. Hit us up on Twitter (Neil, Nat). If you enjoyed this episode, don’t forget to subscribe at https://madeyouthinkpodcast.com

Famed author and commentator Michael Lewis is on the show today.  He’s the author of a number of smash hits including The Big Short, Moneyball, Flash Boys, Liar's Poker, The Blind Side, and more. He shares his feelings on the financial crisis, the performance of the current administration, some needed changes needed in college athletics and more.  He also teases an upcoming podcast project he is working on and plans to release later this year. Danny breaks down the decision of Gary Cohn to leave the President’s economic council and upcoming changes to Dodd-Frank, while Ira provides an update on Harvey Weinstein’s pending legal situation. For more episodes go to BailStreet.com Follow Bail Street on Facebook, Twitter, and Instagram Follow Danny Moses on Twitter @dmoses34 Follow Mathew Passy on Twitter @mathewpassy   Links Referenced Goldman-Backed Circle Agrees to Buy Crypto Exchange Poloniex Liar's Poker The New New Thing: A Silicon Valley Story The Big Short: Inside the Doomsday Machine Flash Boys: A Wall Street Revolt Boomerang: Travels in the New Third World Michael Lewis on Fresh Air Coach: Lessons on the Game of Life The Undoing Project: A Friendship That Changed Our Minds   Show Notes 1:00 – Changes in Washington, specifically Gary Cohn stepping down             2:49 – Goldman-Backed Circle Agrees to Buy Crypto Exchange Poloniex 3:27 – Changes to Dodd-Frank 6:11 – Welcome to the show Michael Lewis             Liar's Poker             The New New Thing: A Silicon Valley Story             The Big Short: Inside the Doomsday Machine             Flash Boys: A Wall Street Revolt 6:38 – When Michael met Ira 8:16 – Sergey Aleynikov – Michael Lewis connection 9:43 – Why the financial crisis didn’t lead to a lot of arrests             11:58 – Boomerang: Travels in the New Third World 16:04 – Michael’s take on the current administration and why the agency heads make him nervous             19:27 – Michael Lewis on Fresh Air 21:20 – Is Wall Street still running wild? 24:32 – NCAA and the latest round of violations and how it’s unfair to the student athletes 29:23 – Books that could be turned into movies for Michael             Coach: Lessons on the Game of Life (Will Farrell interested)             The Undoing Project: A Friendship That Changed Our Minds             Flash Boys – Sony doesn’t think there are Asian actors to work on it 34:04 – Reforming the bail system 35:30 – Latest on Harvey Weinstein and the fight for jurisdiction in his case 36:30 – Future guest for BailStreet   Learn More For more episodes go to BailStreet.com Follow Bail Street on Facebook, Twitter, and Instagram Follow Danny Moses on Twitter @dmoses34 Follow Mathew Passy on Twitter @mathewpassy

So far I’ve spent no time in the podcast discussing real estate, so I was excited to get the chance to talk to the team at Sorin Capital, a billion dollar hedge fund which specializes in commercial real estate, REITs, and commercial mortgage backed securities.  Sorin is lead by Jim Higgins, who founded the firm, and Tom Digan, who coincidentally was a college classmate of mine at Notre Dame. The conversation has two unique angles. The first, which starts about 20 minutes into the conversation after we introduce the sector and opportunity set, is a deep dive into a specific trade: a fairly contrarian take on the retail industry, specifically comparing different types of retail real estate. As you’ll hear, the dispersion of mispricings in the sector may be huge, creating opportunities for specialists to earn real alpha by doing bottom up work. The second angle we explore is what I believe to be a strong model for the future of asset management businesses, that is tailoring products, strategies, and even specific trades to the needs and risk-return profiles that clients want and need, instead of just selling a one-size-fits-all comingled fund.  You’ve probably heard me joke that this podcast should be called “This is who you are up against,” and this episode is a good example. I always enjoy exploring a niche part of the market, and this conversation on real estate is a perfect example of the type of work that firms do on behalf of their clients.  Please enjoy my conversation with the team from Sorin Capital. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Books Referenced Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions Liars Poker Barbarians at the Gate: The Fall of RJR Nabisco   Show Notes 2:43 - (First Question) –Outline the Real Estate Investment Trust world and what the assets and total value look like 6:10 – What does the profile of investors in the space look like compared to investors in the broader debt markets 9:43 – What are the characteristics of a liquid real estate portfolio that make them so attractive to investors 10:54 – Looking at the history of Sorin Capital and how the business has evolved to where it is today 12:35 – Understanding the idea of securitization of commercial mortgages 17:01 – What really led to the formation of Sorin after working for Bear Stearns 20:19 – Looking at the retail sector in real estate in the scope of actual trades that are being made 25:08 – From an investing standpoint, how do you craft a portfolio that takes advantage of the real estate space as retail appears to be suffering on the surface 30:09 – The different type of real estate investments in the retail sectors and what piece of the pie do they make up 32:43 – How does the business model of the mall work and why is it so connected to the department stores 34:08 – What is the future of malls itself with the big changes happening to the legacy stores that helped them proliferate 37:44 – Why won’t the same thing that has happened to apparel stretched to all sectors of the retail industry 39:09 – How do they search for inefficiencies in the market 41:20 – One of the craziest things they saw on the road that outlined real world craziness in real estate investment 42:23 – What is the duration involved in these types of investments 44:41 – How the portfolio is positioned across these different real estate types 47:49 – Why haven’t others come in and taken advantage of the investments that Sorin is able to 49:03 – Reaction to the idea that the growth of passive ETF’s and investing styles has lengthened the time over which certain inefficiencies would be corrected and are distorting things 51:27 – How much does momentum play into their thinking 54:19 – How evenly distributed are the vintages of these ten year cycles 57:15 – Explaining the idea of deep value bottom up work in the real estate investment world that they have done a deep dive on 59:31 – Best stories from boots on the ground visits 1:04:04 – The origin story for the original Sorin partnership             1:04:42 – Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions             1:04:43 - Liars Poker             1:04:44 – Barbarians at the Gate: The Fall of RJR Nabisco 1:07:51 – What was it like for Tom getting started and the lessons he learned after an incredible hard time for the market 1:09:24 – What was it like for Jim coming through the crisis 1:11:18 – What is the trend for funds to craft investments specific to investors vs having them buying products that they produce 1:18:29 = Are other hedge fund firms moving to a client demand or solutions-based model? Or are we still very early in the transition 1:22:50 – What would the generalists miss in this space vs someone like Sorin that is a specialist   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

Michael Lewis is one of the most successful non-fiction authors alive. He has been acclaimed as a genius by Malcolm Gladwell and as the best current writer in America by Tom Wolfe. In a series of titles that have sold 9 million copies worldwide, he has lifted the lid on the biggest stories of our times, enthralling readers with his knack for humanising complex subjects and giving them the page-turning urgency of the best thrillers. Liar's Poker is the cult classic that defined Wall Street during the 1980s; Moneyball was made into a film with Brad Pitt; Boomerang was a breakneck tour of Europe’s post-crunch economy; and The Big Short was made into a major Oscar-winning film starring Christian Bale, Ryan Gosling and Steve Carell.In November 2017 Lewis came to the Intelligence Squared stage, where he was joined by Stephanie Flanders, former economics editor at the BBC. Discussing the themes of his latest book, The Undoing Project: A Friendship that Changed the World, they explored the extraordinary story of the relationship between Daniel Kahneman and Amos Tversky – a collaboration which created the field of behavioural economics. This is the theory which shows that human beings are not the rational creatures we imagined ourselves to be, and has revolutionised everything from big data to medicine, from how we are governed to how we spend, from high finance to football. It won Kahneman the Nobel Prize in economics in 2002 – the first time the award had gone to a psychologist. See acast.com/privacy for privacy and opt-out information.

Did moderates lie? Are conservatives scamming the base? Can the GOP get anything done? Plus the mailbag - whoo-hoo - your life's problems solved.

Ett helt fantastiskt möte med förvaltaren, kampsportaren och svensk-amerikanen som snubblade in på Wall Street - ingen mindre än Sean George. Vi pratar investmentbankier och BSD. från Liar's Poker, över 20 års erfarenhet för räntemarknaden, förlorade vänner under 9/11-attacken, svenska bostadsbubblan och vapenhandel. Detta är ett avsnitt du inte får missa, Sean bjuder på humor, kunskap från insidan och en kaxig ödmjukhet!

On Start the Week Andrew Marr looks back at lost heroes of science, and forward to cutting-edge experiments. Saiful Islam, Professor of Materials Chemistry, recreates Michael Faraday's famous 19th century experiments for the Royal Institution's Christmas lectures before exploring the latest materials being invented to boost clean energy. More Christmas fare as Brian Cox attempts to explain the birth of the entire universe with music, dance and comedy. Andrea Wulf celebrates the Victorian naturalist, geographer and explorer Alexander von Humboldt, whose name although mostly forgotten lives on through his research - from the Humboldt Current to Humboldt penguins. Michael Lewis has turned his attention from the financial crisis and his bestselling Liar's Poker and The Big Short to the birth of the Nobel-prize winning theory of behavioural economics, and the remarkable scientific partnership at its heart. Producer: Katy Hickman.

Kurt Simon, JPMorgan's global head of M&A, spends his days chatting with bosses of the world's biggest companies, fighting off corporate raiders like Carl Icahn and striking deals with the help of colleagues including Jamie Dimon. Simon shares his tales of a career that began during the Liars Poker era at Salomon Brothers on this episode of ``Deal of the Week.'' Plus, Bloomberg reporter Sarah Frier explains to host Alex Sherman why there seems to be a new rumor about Twitter getting sold each and every week.

In this episode, Preston and Stig discuss the New York Times best selling book, Liar's Poker by Michael Lewis.Click here to get full access to our show notes.

Originally aired October 2011 As the two countries play a high stakes game of chicken, it's a good time to see what Greece and Germany looked like in the aftermath of the global crash. Who better to be our tour guide than best-selling author MICHAEL LEWIS? Lewis's book, BOOMERANG: Travels in the New Third World is made up of articles originally published in Vanity Fair and picks up where 2010's THE BIG SHORT left off. Governments are the focus of this book. Mostly because they have taken on the bad debts of the too-big-to-fail banks, so now they are themselves at risk. Now politics and culture become much more important as to how they will deal with that risk. The book also profiles Ireland, Iceland, and California. Both Ira Glass and Malcolm Gladwell say today's guest is their favorite storyteller. In his books and magazine articles, Lewis writes about sports, business, Wall Street, Silicon Valley, political campaigns, fatherhood. Stuff that matters to a lot of people. He's smart and he has a sense of humor. Once a trader at Salomon Brothers, he wrote his first best-seller, LIAR'S POKER about the excesses of Wall Street during the 1980s. He continues to write about that world with his last two books, a column for Bloomberg, and articles in Vanity Fair. We also talk about the twisted path taken to get MONEYBALL into movie theatres.

Originally aired 4-4-2010 After a fight within the Democratic party, the House passed a spending bill this week that rolls back one of the most important provisions of Dodd-Frank. When it passes the Senate, taxpayers will be back on the hook for the big banks' gambles on derivatives and other exotic financial instruments. I thought it was time to play this interview with MICHAL LEWIS about how Wall Street's corrupt casino culture led to the Crash of 07-08 - because we've just given them license to do it again. Both Ira Glass and Malcolm Gladwell say today's guest is their favorite storyteller. In his books and magazine articles, Lewis writes about sports, business, Wall Street, Silicon Valley, political campaigns, fatherhood. Stuff that matters to a lot of people. He's smart and he has a sense of humor. Lewis was a trader at Salomon Brothers before he wrote his first best-seller, LIAR'S POKER about the excesses of Wall Street during the 1980s. He continues to write about that world with his last two books, a column for Bloomberg, and articles in Vanity Fair. In this interview recorded four years ago,we talk about THE BIG SHORT. But Lewis is so good at making obscure financial information accessible to readers, that I asked him to spend much of the hour defining terms that laid out the path to the Crash - securitization, derivatives, credit default swaps, collateralized debt obligations, etc. I highly recommend this guide to the dark side of finance.

Today on the podcast Michael Covel talks about the idea of resilience and the ability to operate with variability as the norm. There's going to be volatility and you can't make it go away; to operate with variability as the norm is to be a trend following trader. If you try and make it go away, you might end up falling with the next 50% drop in the S&P killing your account. Because it will happen. There will be another major equity drop. There will be the same panics that we saw in 2000 and 2002, the fall of 2008, and October of 1987. Most people will lose 50% of their net worth because they don't have a strategy that deals with variability. The 100-year flood doesn't happen every 100 years; it happens every 2-3 years. Covel moves into a clip with David Harding of Winton Capital Management and quotes author Nassim Taleb about surviving when the black swan flies in. It's the difference between taking a punch when you're prepared for it or being caught off-guard with a punch to the gut when you least expect it. Those that simply buy and hold and put their trust into the government and the Federal Reserve? They're the ones getting a punch to the gut that they don't see coming. Next, Covel moves into another clip from Michael Lewis (author of "Liar's Poker" and "Moneyball") about what was behind "Moneyball" and how rather than being a story about baseball it is about misinterpreting value and misappraisal. Building off what David Harding said, Lewis also talks about the idea of measuring, counting, and using statistics to make good judgments. What David Harding and Michael Lewis are getting at is not generally accepted. Most aren't paying attention. Covel shares a quote from a Stanford psychologist: "A man with a conviction is a hard man to change. Tell him you disagree and he turns away. Show him facts or figures and he questions your sources. Appeal to logic and he fails to see your point." In many ways, that's what Covel feels like when he's trying to get the ideas of trend following across; that's what he's up against. He's also up against the buy & hold mutual fund industry, who love fees. They have no desire to tell their clients about trend following strategies, how to look at the world from a statistical perspective, or how to prepare yourself for the next black swan. Covel is fully aware of the controversial nature of his views and the idea of trend following in general, and he closes by reading a polemic and playing a clip from author Christopher Hitchens, as well as another king of controversy: Glenn Danzig. Where else do you find such diversity on a podcast about making money? Free trend following DVD? Go to trendfollowing.com/win.

Michael Covel starts off the podcast with two famous film speeches: one that you've probably heard and one that perhaps only those with some Wall Street experience may be familiar with. Covel notes that this is how most young men begin their understanding of Wall Street: through the brokerage lens (hence the 2nd speech). It's how Covel first understood it, too: through the lens of Liar's Poker and Salomon Brothers. The idea is that if you work for this big investment bank and become a broker, you can make yourself a fortune. And you can call yourself a trader. But, being a broker doesn't make you a trader. You have to put your time in and you have to allow yourself to be in learning mode. Can you put off all the distractions and focus on the education of learning a trend following system and trend following psychology? Or do you operate under society's rule that if you lift a finger someone has to pay you first? If you have the opportunity to learn trend following trading don't worry about the silly stuff: how much time it will take, how much money you'll have to spend, etc. As long as you don't go broke it will be fine. The important thing is taking the proper amount of time and effort to prepare. In stark contrast to the earlier clips Covel transitions into playing and analyzing several excerpts from legendary trend following traders Bill Dunn, Jerry Parker and David Harding. These excerpts are not the Hollywood speeches: they're real, raw and full of priceless trend following insights. Covel ends with a quote by Harding: "We know that we know almost nothing, but the almost nothing we know isn't completely nothing and we only bet on that." We all know the price action; we know whether a market is moving up or down. We can follow that flow. If you can follow the flow of a market either up or down you've got a chance. Don't try and predict tomorrow, it's impossible. Take what you do know for sure and look for a way to use it and be prepared for when the next black swan swoops in, the next big event appears suddenly. As Bruce Lee says: "Be water, my friend." DVD: www.trendfollowing.com/win.

Aired 10/16/11 Both Ira Glass and Malcolm Gladwell say today's guest is their favorite storyteller. In his books and magazine articles, Lewis writes about sports, business, Wall Street, Silicon Valley, political campaigns, fatherhood. Stuff that matters to a lot of people. He's smart and he has a sense of humor. Lewis was a trader at Salomon Brothers before he wrote his first best-seller, LIAR'S POKER about the excesses of Wall Street during the 1980s. He continues to write about that world with his last two books, a column for Bloomberg, and articles in Vanity Fair. His newest book BOOMERANG: Travels in the New Third World is made up of articles originally published in Vanity Fair and picks up where 2010's THE BIG SHORT left off. What happens after the meltdown of 07-08? Governments are the focus of this book. Mostly because they have taken on the bad debts of the too big to fail banks, so now they are themselves at risk. Now politics and culture become much more important as to how they will deal with that risk. Then there's the story of California which as a state ran up unsustainable debts during a series of bubbles and can't raise the taxes to pay for them. We'll also talk about the twisted path taken to get MONEYBALL into theatres. The film based on his 2003 book is now a popular and critical success. MICHAEL LEWIS received a BA in art history from Princeton University and a Masters in economics from the London School of Economics. He contributes to bloomberg.com and Vanity Fair. His other books include The Blind Side, Panic, The New New Thing, and Home Game.

Aired 04/04/10 Michael Lewis received a BA in art history from Princeton University and an Masters in economics from the London School of Economics. He worked as an investment banker for Salomon Brothers in the 80s before leaving to write LIAR'S POKER. Other books include MONEYBALL, on the Oakland A's, Billy Beane, and baseball's new wave of Ivy League general managers; PANIC: The Story of Modern Financial Insanity; HOME GAME: An Accidental Guide to Fatherhood; and THE BLIND SIDE. http://moveyourmoney.info/

Aired 07/28/09 MICHAEL LEWIS is one of my favorite popular writers. He writes about sports, business, Wall Street, Silicon Valley, political campaigns, now fatherhood - in bestselling books and for the New York Times Magazine and Vanity Fair, among others. He's smart and he has a sense of humor. Malcolm Gladwell says he's one of our best storytellers. LEWIS was a trader at Salomon Brothers before he wrote his first best-seller, LIAR'S POKER about the excesses of Wall Street in the 1980s. He continues to write about that world with a couple of books in 2008 -- Panic: The Story of Modern Financial Insanity and The Real Price of Everything (editor) -- and a column for Bloomberg. His newest book, Home Game, is about fatherhood, so we'll talk about that, but even more we'll talk about Wall Street, madness, greed, the crash, and how we're dealing with it. MICHAEL LEWIS received a BA in art history from Princeton University and an MSc in economics from the London School of Economics. He worked as an investment banker for Salomon Brothers before leaving to write LIAR'S POKER. Other books include MONEYBALL, on the Oakland A's, Billy Beane, and baseball's new wave of Ivy League general managers; PANIC: The Story of Modern Financial Insanity; and his newest, HOME GAME: An Accidental Guide to Fatherhood.