Episodes

  • Kinda Spooky: META, AI, TSLA
    Oct 31 2025

    Katie and Matt discuss Halloween costumes, AI capital spending, hybrid financing, K-cup JVs, investment grade private credit, the metaverse (?!?), the OpenAI reorganization, OpenAI capital needs and governance, Elon Musk’s pay package, Tesla succession and getting cut off at the JPMorgan office pub.

    See omnystudio.com/listener for privacy information.

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    30 mins
  • Indoor Cat: JPM, AI, 777
    Oct 24 2025

    Katie and Matt discuss JPMorgan’s new headquarters, in-office pubs, in-office gyms, the JPMorgan District, specialist fine-tuning of AI models, pls fix memes, crushing investment banking analysts’ hopes and dreams, the craft of building LBO models, credit cockroaches and indirect lending.

    See omnystudio.com/listener for privacy information.

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    30 mins
  • No Nap Rooms: Credit, Peace, 24X
    Oct 17 2025

    Katie and Matt discuss late-cycle credit accidents, dancing while the music plays, banks vs. private credit, the Nobel Peace Prize, institutional-grade prediction markets, 23-hour-a-day stock trading, picking off drunks at 3 a.m., digesting news outside of market hours, windows of liquidity and the rhythm of being a human.

    See omnystudio.com/listener for privacy information.

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    31 mins
  • How the Snakes Dies: ICE, AMD, ARKK
    Oct 10 2025

    Katie and Matt discuss finance book parties, the ICE/Polymarket deal, understanding and pricing the future, the Grossman-Stiglitz paradox, prediction-market spillovers, sports quants, tokenization, the OpenAI/AMD deal, discounting the AI future, AI pricing power, Cathie Wood’s emotional maturity, the ETF ecosystem and the Midnight Madness puzzle hunt.

    See omnystudio.com/listener for privacy information.

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    32 mins
  • Loads of Vultures: Funds, Agents, Bets
    Oct 3 2025

    Matt and Katie discuss multistrategy hedge funds, talent sieves, agents vs. headhunters, hedge fund managers'sense of their market value, agents for AI researchers, same-game parlays, sportsbook market structure and football betting ETFs.

    See omnystudio.com/listener for privacy information.

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    31 mins
  • This Is Weird: A Mailbag Episode
    Sep 26 2025

    Matt and Katie discuss reader mail about tungsten cubes, monthly financial reporting, long-term levered ETFs, the shrinking public markets, betting on onion prices, betting on stock prices, limiting sharp bets, missing expectations and bonds being stupid.

    See omnystudio.com/listener for privacy information.

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    31 mins
  • Chaos Factor: ARKF, 10Q, 10%
    Sep 19 2025

    Matt and Katie discuss ARK heartbeat (?) trades, IPO allocations, ETFs as widgets, quarterly earnings, barriers to going public, structured notes, installment index puts and Katie’s vacation plans.

    See omnystudio.com/listener for privacy information.

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    34 mins
  • A Wounded Lion or a Beaten Mule: HF, TSLA, FOTSBA
    Sep 12 2025

    Katie and Matt discuss the career advantages of losing a billion dollars, wounded lions, hedge fund comp structures and stock prices, Elon Musk’s comp structure, reasons for Tesla to invest in xAI, the New York City mayoral race, insider trading on prediction markets and Polymarket coming home.

    See omnystudio.com/listener for privacy information.

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