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Episode Guide
We Study Billionaires - The Investor’s Podcast Network — "RWH071: Risk, Ruin, Reinvention & Resilience w/ Victor Haghani"
Runtime: 120 min | Host: William Green | Guest: Victor Haghani
Audience Framing: This episode is a masterclass for any executive or investor grappling with risk management, capital allocation, and the psychological impact of financial success and failure, featuring insights from a Long-Term Capital Management co-founder.
Victor Haghani, co-founder of the infamous Long-Term Capital Management, reflects on his career, from his formative years at Salomon Brothers to his current role managing Elm Wealth. He dissects the true lessons from LTCM's spectacular collapse, arguing that the Russian default triggered a systemic "risk-off" cascade that disproportionately affected their highly leveraged, relative-value positions, and that their initial leverage was comparable to peers. Haghani emphasizes the importance of diversification, avoiding personal leverage, and a dynamic asset allocation strategy built on hard-won experience.
"My father used to say two things about money that stuck with me. One was he said it's harder to hold onto money than to make money... And the other thing that my dad would say very often is that it's very hard to cut your spending." — Victor Haghani
Connects to: China tech dominance, global economic shift
Macro Voices — "MacroVoices #544 Viktor Shvets: How Markets Survive Disruption"
Runtime: 62 min | Host: Erik Townsend, Patrick Ceresna | Guest: Viktor Shvets
Audience Framing: This is for strategists and investors trying to discern long-term disinflationary trends from transient inflationary shocks, particularly those navigating geopolitical risks and the transformative impact of AI.
Viktor Shvets offers a compelling framework for understanding the global economic landscape, arguing that disinflation is the underlying trend, repeatedly punctuated by "transient" inflationary spikes from geopolitical events and policy choices that can feel permanent to market participants. He posits a "rolling bubbles" theory driven by disruptive technologies like AI, concentrating wealth in capital rather than labor, and provides a contrarian take on the Iran-Israel and Russia-Ukraine conflicts. Ceresna translates Shvets' insights into an actionable trade idea for robotics and automation.
"If you create too many transient inflationary periods, it becomes part of the natural operation of how people and businesses think about the business. So suddenly for them it's no longer transient, it's permanent, even though it is transient. But for them it's permanent." — Viktor Shvets
Connects to: global economic shift, higher for longer inflation
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The Compound and Friends — "The Man Who Called the Roaring 2020s with Ed Yardeni"
Runtime: 76 min | Host: Downtown Josh Brown, Michael Batnick | Guest: Ed Yardeni
Audience Framing: Essential listening for CEOs and CFOs seeking a contrarian, earnings-driven perspective on the market's current strength and the longevity of the bull run, challenging common narratives of impending recession or bubble.
Ed Yardeni, known for predicting the "Roaring 2020s," unpacks his bullish outlook, emphasizing that the current market strength is fundamentally driven by robust earnings growth and expanding profit margins, distinguishing it from the dot-com bubble. He dismisses recession fears and highlights the "G-shaped economy" where baby boomer wealth supports consumption. Yardeni projects the S&P 500 to reach 8,250 by year-end and 10,000 by the end of the decade, rooted in productivity gains and AI adoption.
"The G shaped economy, which stands for generational, is the baby boomers. They have $100 trillion of net worth. It is the richest retiring generation ever and everybody's ignoring it." — Ed Yardeni
Connects to: higher for longer inflation, global economic shift
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Odd Lots — "Brad Setser on the US's Unusual Japanese Yen Intervention"
Runtime: 42 min | Host: Bloomberg, Tracy Alloway, Joe Weisenthal | Guest: Brad Setser
Audience Framing: Critical for executives in multinational companies and those in finance whose operations are impacted by currency fluctuations and global central bank policy decisions, particularly regarding East Asian markets.
Brad Setser sheds light on the unusual US intervention in the Japanese yen, explaining the Bank of Japan's reluctance to raise rates despite inflation and the surprising weakness of East Asian currencies. He challenges conventional wisdom about Japan's fiscal health, arguing it's stronger than many G7 nations. Setser highlights how the yen's effectiveness hinges on the BoJ raising rates and details the mechanics of the little-known FEMA repo facility used in the intervention.
"If your currency is weakening to the degree that you think an intervention is necessary, why doesn't the boj, the central bank, just raise rates? That is a very obvious question." — Bloomberg
Connects to: currency intervention, global economic shift
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Bloomberg Surveillance — "Bloomberg Money: Credit Card Indicators and Golf's Changing Fanbase"
Runtime: 43 min | Host: Tom Keene, Scarlet Fu | Guest: Meredith Whitney, Mike McCann, Randall Williams, Brian Rolapp
Audience Framing: Business leaders focused on consumer spending trends, fintech disruption, and the evolving dynamics of labor markets will find key signals here, alongside insights into adapting traditional industries.
Meredith Whitney reveals a critical shift in consumer finance: credit cards are increasingly used like charge cards, paid off monthly, while advanced wage pay services surge due to widespread "payday to payday" living. The discussion also explores AI's surprising role in job creation (e.g., data center construction), its impact on retail investing, and how traditional industries like professional golf are modernizing to attract new demographics amidst competitive pressures.
"I say that people aren't living paycheck to paycheck but payday to payday. So the fastest growing industry within fintech and financial services is advanced wage pay." — Meredith Whitney
Connects to: US labor market, global economic shift
Bloomberg Surveillance — "July Jobs Report"
Runtime: 58 min | Host: Tom Keene, Paul Sweeney | Guest: Claudia Sahm, Constance Hunter, Kristina Campmany, Nicole Bachaud, Gene Seroka, Bruce Wolf
Audience Framing: Essential for HR leaders, CFOs, and strategists assessing the true state of the labor market and its implications for monetary policy, as well as those managing supply chain resilience and long-term retirement planning.
The July jobs report shocked with a loss of 23,000 jobs against expectations for a gain, with average hourly earnings up only 0.1%. Experts debate the implications for the Fed's rate policy, emphasizing qualitative labor market data and the growing number of people living paycheck-to-paycheck. The conversation also highlights supply chain resilience at the Port of Los Angeles, the surprising job-creating aspects of AI, and the inadequacy of the traditional 4% rule for retirement planning in today's complex financial landscape.
"The US economy actually lost 23,000 jobs in the month of July. This is a lot less than the 80,000 we were expecting to be added." — Paul Sweeney
Connects to: US labor market, higher for longer inflation
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Unhedged — "The Economics Show: China wanted western tech. Now, the tables have turned."
Runtime: 44 min | Host: Soumaya Keynes | Guest: John Minnich
Audience Framing: Critical for any business operating or competing internationally, especially those in manufacturing, technology, and supply chains, offering a historical and strategic lens on global industrial policy.
Soumaya Keynes and John Minnich meticulously detail China's strategic evolution from absorbing Western technology to becoming a global high-tech leader, often through joint ventures and astute leveraging of its vast market. They explore how Beijing turned "trading market for technology" into an effective industrial policy, even if inefficiently executed. The episode provides crucial lessons for Western governments now considering similar policies to compete with China's advanced capabilities, highlighting challenges in liberal democracies.
"When the Chinese government embarked on this high speed rail journey in 2004, they brought the CEOs of the Big Four high speed rail companies... and over the course of a week or two, circled between these rooms, extracting essentially the most technology at the lowest price possible, precisely by playing these firms off against each other." — John Minnich
Connects to: China tech dominance, global economic shift
Motley Fool Money — "The Trade Desk’s Woes & A New AI Donut?"
Runtime: 41 min | Host: Travis Hoium | Guest: Lou Whiteman, Jon Quast
Audience Framing: Essential for tech and media executives, investors in the advertising and software sectors, and anyone trying to separate AI hype from reality in business and product development.
This episode unpacks the struggles of The Trade Desk, whose CEO blamed macro conditions for a significant revenue drop, a view challenged by guests as an execution issue amid a resilient earnings season for many S&P 500 companies. It also delves into the challenges faced by Salesforce and Adobe in adapting to AI, and critically scrutinizes OpenAI's rumored donut-shaped AI device as a potential "Amazon Fire Phone" moment. The discussion concludes by highlighting the competitive edge of Google's AI infrastructure.
"The Trade Desk is forecasting potentially a 12% drop in revenue in the upcoming quarter. This is supposed to be a huge growth business. It's the market is expanding that they're in. And so this is an execution thing." — Travis Hoium
Connects to: US labor market, global economic shift
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CNBC's "Fast Money" — "U.S. Treasury's Surge… And Oil Prices Sink on Potential Iran Peace Deal 8/6/26"
Runtime: 41 min | Host: Melissa Lee | Guest: Karen Finerman, Dan Nathan, Guy Adami, Mike Wilson, Steve Leeson, MacKenzie Sigalos, Halima Croft, Kayvon Mohajer, CNBC
Audience Framing: Indispensable for CFOs and risk managers monitoring geopolitical flashpoints, energy markets, and the capital environment for large-scale tech financing, along with the evolving applications of AI in enterprise.
Fast Money discusses the Fed's potential September rate hike amid a fragile bond market strained by national debt and massive hyperscaler bond issuances. Halima Croft provides crucial insights into oil price volatility driven by Iran's proposed restrictions on the Strait of Hormuz, with crude still facing supply issues despite geopolitical premium fading. Kayvon Mohajer, CEO of Soundhound AI, explains how AI agents are driving revenue for businesses, leveraging unique local foundational models for data security. Nvidia's chip design changes due to HBM shortages are also covered, impacting the hyperscaler-semi trade.
"I mean, I think there's been so much optimism that we're moving to a start your engines phase, which if you look at the reality of what the Iranians are saying, that is not a really great environment to normalize shipping traffic. I mean, we had the statements from the parliament today talking about no Israeli ships, no US Ships, no ADVERSARIES of the axis of resistance. Iranians talking about a fee structure. And then the line from the White House is no, no, it's open, no fees. Clearly the Iranians are not giving up control over Hormuz. They are going to look to monetize it." — Halima Croft
Connects to: global economic shift, higher for longer inflation
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The Meb Faber Show - Better Investing — "Cambria Fund Profile – Cambria Global Value ETF (GVAL)"
Runtime: 13 min | Host: Meb Faber | Guest: Meb Faber
Audience Framing: Essential for portfolio managers, institutional investors, and family offices looking to strategically diversify beyond concentrated US markets and capitalize on global value opportunities.
Meb Faber introduces the Cambria Global Value ETF (GVAL) as a solution to the extreme concentration and valuation risk in US-heavy portfolios. He highlights that the valuation differential between US and global markets is at historical extremes. Faber explains GVAL's methodology of screening developed and emerging markets using long-term valuation metrics to identify undervalued opportunities, stressing diversification as both a survival and aggressive strategy, and showcasing GVAL's significantly lower P/E ratios compared to global benchmarks like MSCI ACWI.
"As of 2026, the valuation differential between the US stock market and the rest of the world is at one of the widest points in history. And if you're willing to go where most investors aren't looking, you might just find some excellent out of favor opportunities just waiting to be discovered." — Meb Faber
Connects to: global economic shift
▶ Listen · Apple Podcasts · Apple Podcasts
Bloomberg Surveillance — "Sustaining S&P Rally amid Market Pressures"
Runtime: 29 min | Host: Tom Keene, Paul Sweeney | Guest: Jim Caron, Jonathan Golub, Heather Rice, Steve Odland
Audience Framing: This is for senior executives evaluating equity markets, inflation's impact on corporate strategy, and the practical implementation of AI for operational efficiency and workforce evolution.
Experts discuss how a "higher for longer" inflation environment, coupled with sustained nominal GDP growth, favors equities over fixed income, especially as analysts underestimate current S&P earnings growth (up 50% this quarter, driven by tech and financials). Heather Rice of KPMG details AI's role in operational efficiency and cost reduction, not job displacement, while Steve Odland of The Conference Board confirms CEOs view AI as a job creator. The segment also notes a shift in top corporate risks from geopolitics to cybersecurity and AI management, and how consumer brands are constrained in passing price increases.
"The analysts are underestimating the power of these earnings. Earnings are growing 50% this quarter compared to a year ago. That just doesn't happen." — Jonathan Golub
Connects to: higher for longer inflation, US labor market, global economic shift
▶ Listen · Apple Podcasts · Apple Podcasts
Top Traders Unplugged — "SI412: Portable Alpha: Asking the Questions That Matter ft. Harry Moore"
Runtime: 80 min | Host: Niels Kaastrup-Larsen | Guest: Harry Moore
Audience Framing: Invaluable for institutional investors, portfolio managers, and sophisticated family offices looking to optimize portfolio resilience and risk management using advanced quantitative strategies like portable alpha and trend following.
Niels Kaastrup-Larsen and Harry Moore dive deep into portable alpha strategies, exploring their implementation challenges, the necessity of adequate cash buffers (recommending 40% for historical resilience), and the nuances of rebalancing. They highlight Top Traders Unplugged's crucial role in providing portfolio resilience against "left tail" shocks, particularly when traditional asset correlations surge during crises. The discussion also touches on AI's impact on quantitative research, shifting focus from coding to creative thinking, and linking classic Turtle Trading principles to modern portfolio theory.
"If I only need to use $20 or $25 to get my $100 of trend following gives me a few new levers and things that I can do with the freedom cash." — Harry Moore
Connects to: global economic shift
