Money Stuff: The Podcast

Champagne and Caviar

Fri, 05 Jun 2026 14:25:53 +0000

Katie and Matt discuss the Knicks, the Jeffrey, hedging sports bets with sports bets, Google selling some stock, net equity issuance, taxes on stock vesting, Andrew Left, how long you have to be short, the decline of activist short selling and not saying dumb stuff in email.

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Shameful Secret Heart

Fri, 29 May 2026 14:29:16 +0000

Katie and Matt discuss the SpaceX IPO, enterprise AI, Mars colonies, the Elon Musk premium, consternation about indexes, a no-Elon index, closet indexing, price-insensitive IPO demand, unconstrained Elon Musk, Robinhood AI agents, the universal wrapper for trade ideas, invisible transaction costs, the Drug Olympics, 10% of Fernando Tatis Jr., a venture portfolio of minor leaguers, hedging career risk and hitting two grand slams in the same inning.

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Frisky Dentists

Fri, 15 May 2026 14:22:11 +0000

Katie and Matt discuss GameStop buying (?) eBay, authorized shares, socks, activism, negging, CDOs, CLOs, structured finance innovations, trading private credit, daily pricing, bad ways to own Anthropic stock, suing dentists and human assembly lines.

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Timeless Wisdom: A Mailbag Episode

Fri, 08 May 2026 13:56:32 +0000

Katie and Matt discuss financial advisers, a little scooch of private credit, finance book recommendations, call options on time, expected returns, seating charts, rain creating liquidity, E and S vs. G, the church of capital allocation, the market for corporate control and corporate vs. human life cycles.

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Bag of Snakes

Fri, 01 May 2026 14:33:21 +0000

Katie and Matt discuss the downsides of home ownership, hedge fund managers who had a somewhat disappointing week, Pershing Square USA, the physics of closed-end funds, publicly listed hedge fund firms, the pod shop business, the psychology of investors in non-traded BDCs, the Avis short squeeze, Section 16 short-swing profits and earnings call body language.

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Economic Animals

Fri, 24 Apr 2026 14:02:49 +0000

Katie and Matt discuss bringing children to work, the weather in one corner of Charles de Gaulle airport, an infinite surface for market manipulation, bespoke parametric insurance, the Avis Budget short squeeze (maybe), the meme-stock playbook, SpaceX buying Cursor (maybe), SpaceX buying Tesla (maybe???), dual-class stock, robot armies annihilating each other off the shoulder of Orion, the word “gazumping” and the hedge fund hiring market.

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Hour of Slurping

Fri, 17 Apr 2026 14:59:29 +0000

Katie and Matt discuss the weather, NewBird AI, Long Blockchain, floating-strike convertible financing, meme AI diversification, dot AI, the meme ETF, public listing option value, shareholder voting, Exxon’s grudges, comptroller trolling, the horrifying sounds of coffee grading, spot vs. futures commodity quality and banks foreclosing on shrimp to eat it.

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Humiliation Ritual

Fri, 10 Apr 2026 15:03:11 +0000

Katie and Matt discuss Satoshi Nakamoto, spotting liars, Katie being a witch, Bill Ackman doing stuff, Universal Music Group, SPARCs, asymmetric derivatives trades, Matt’s dream money management career, doomsday funds, Elon Musk’s big thing, the SpaceX IPO, Grok for bankers, humiliating IPO pitches and some ETF stuff for the ETF fans.

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Also Sticky

Fri, 27 Mar 2026 15:09:37 +0000

Katie and Matt discuss conferences, baby names, private credit redemption requests, liquidity confusion, private credit inflows, Larry Fink’s annual letter, AI taking all the jobs, universal basic index funds, podcasters and fund managers being displaced by AI, shorting the consumer economy, owning everything, the coming SpaceX IPO, lockups, index fast-tracking, a SpaceX treasury company and Elon Musk no longer being amused by 420.

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Boaz Weinstein

Thu, 19 Mar 2026 16:50:56 +0000

Matt and Katie talk to Boaz Weinstein of Saba Capital Management about his tenders for OBDC II and SREIT, semi-liquid fund liquidity, reflexivity, the lure of permanent capital, private credit NAVs, public vs. private BDC discounts, preserving brand value, volatility laundering, howling at the moon, bowling and, why not, DATs.

You can also watch this episode on YouTube

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Man Not Bird

Fri, 13 Mar 2026 15:46:13 +0000

Katie and Matt discuss high school quiz bowl, Bill Ackman’s closed-end fund again, the rich history of CEFs trading at a discount, economically attractive places to work, preferred performance fees, private credit vibes, accepting illiquidity for high returns, marking private credit to market, NAV arbitrage, assassination markets, fine print and resistance to innovation.

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Perhaps a Ballroom

Fri, 06 Mar 2026 14:55:34 +0000

Katie and Matt discuss a legendary lost Money Stuff podcast episode, Paramount buying Warner Bros., rights offerings, LBO risks, deal discipline, breakup fees, BCRED, OBDC II, twisting arms at Blackstone, Credit Suisse toxic asset bonuses, liquidity premiums, short memories, XOVR and SpaceX liquidity.

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Re-Run: Cliff Asness

Fri, 13 Feb 2026 16:37:24 +0000

Matt and Katie are on vacation! There will be a new episode of Money Stuff in your feeds on March 6th.

In this episode from June 2025, Matt and Katie talk with their guest, Cliff Asness of AQR, about momentum, meme stocks, value, market timing, publishing, academics, explaining factors, how much to charge for alpha, private assets and machine learning.

You can also watch this episode on YouTube.

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Impaled on the Obelisk

Fri, 06 Feb 2026 15:14:51 +0000

Katie and Matt discuss the SpaceX/xAI merger, the Kardashev scale, Twitter debt, index fast-tracking, people not being worried about SpaceX liquidity, closed-end fund activism, DAT discounts, the Bitcoin crash, Strategy, the week that software died, SaaS private equity, AI disruption and private credit funding stability.

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Elevated Shepherd's Pie

Fri, 30 Jan 2026 14:44:53 +0000

Katie and Matt discuss Morgan’s Pub, SpaceX/xAI merger talks, a $1.5 trillion valuation for Twitter, astrology, numerology, the Year of the Horse, Tether’s mountain lair, gold vault tourism, how to make a few more billion dollars, LMEs, law-firm conflicts and investment banking pep talks.

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An OK Horse

Fri, 23 Jan 2026 15:29:08 +0000

Katie and Matt discuss the weather, Jamie Dimon’s whereabouts, Guinness latte art at the JPMorgan pub, debanking, memecoin logic, Gas Town, horses as a unit of money, memecoin IP, moonshot pay incentives, 24ish/7ish trading, blockchain blockchain blockchain, and supervising the computers on the cozy night shift.

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Key Beast Risk: BMNR, 10%, OLMA

Fri, 16 Jan 2026 16:18:24 +0000

Katie and Matt discuss Beast Industries, immersion in cool liquids, crypto treasury pivots, credit card rate caps, PowerPoint tips and drug trial insider trading.

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Embarrassment of Something: IQ, PE, BX

Fri, 09 Jan 2026 15:16:46 +0000

Katie and Matt discuss Wyclef Jean, the backlash against proxy advisers, AI proxy voting, writing proxies for LLMs, things that annoy Jamie Dimon, private equity recruiting, banking loyalty oaths, the long path to private equity, home ownership, housing affordability, brownstones in Hoboken and stock buybacks.

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Horse Pilates: A Mailbag Episode

Fri, 02 Jan 2026 15:00:00 +0000

Katie and Matt answer listener questions about performative earnings calls, hedge funds as a calling, favorite quotes, proxy advisers, ETF mechanics, sports betting market structure, 10b5-1 plans and the thrill of horse dancing.

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Good Game: WBD, Tricolor, TAE

Fri, 19 Dec 2025 15:02:10 +0000

Katie and Matt do not discuss themes for 2026 but do discuss closing certainty in merger agreements, revocable trusts, personal guarantees, doing deals over the holidays, double-pledging, amortization of past-due subprime auto loans, angling for cooperation agreements, Enron as a role model, nuclear fusion, access to significant capital and leveraged ETF training videos.

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Best and Final: WBD, IPO, BNPL

Fri, 12 Dec 2025 15:35:41 +0000

Katie and Matt discuss the Warner Bros. bidding war, negotiating against yourself, having your dad buy companies for you, Bleenberg, breakup fees, trillion-dollar IPOs, getting in on the third floor, orbiting data centers, tech capex, rocket explosion securities fraud lawsuits, alternative consumer lending and private credit regulation.

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Flying High in Bird Heaven: MSTR, PSUS, ETF

Fri, 05 Dec 2025 15:24:44 +0000

Matt and Katie discuss corporate holiday parties, shareholder meetings, the Strategy narrative arc, Strategy's dollar reserve, an ouroboros of newsletters, digital asset treasury companies in indexes, the brief beautiful life of Katie's bird, Bill Ackman's closed-end fund plans, CEFs vs. ETFs, Howard Hughes, buffer ETFs and the ETFization of structured notes.

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Re-run: Gappy Paleologo

Fri, 28 Nov 2025 15:00:00 +0000

In an episode from July, Katie and Matt talk with Gappy Paleologo of Balyasny Asset Management about gardening leave, what makes a good quant researcher, factor models, the social function of hedge funds, AI and journalists as portfolio managers.

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Bat Tat: Labubu, OBDC, Frank

Fri, 21 Nov 2025 15:14:46 +0000

Katie and Matt discuss Batman, Labubu binary options, sneaker manipulation, publicly traded private credit, OBDC, OBDC II, private credit marks, Frank's email list, indemnification and cellulite butter.

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Mouth Noises: 50y, ISS, HF

Fri, 14 Nov 2025 15:39:53 +0000

Katie and Matt discuss ASMR, 50-year mortgages, Fannie and Freddie, housing as a positional good, indentured servitude, assumable and/or portable mortgages, Matt’s mortgage rate, optimal exercise of prepayment options, proxy adviser competition, shareholder proposals, good governance, index fund voting, hedge fund talent constraints, gardening leave, the Black Death and the AI Ph.D. pipeline.

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Fat Wallet: Tariffs, Mergers, Brands

Fri, 07 Nov 2025 15:37:53 +0000

Katie and Matt discuss tariffs, skeptical questions, nondelegation, major questions, reimbursement, the Metsera deal, amylin targeting, Sam Bankman-Fried’s appeal, alleged fraud at First Brands, factoring due diligence, the blockchain and short memories in the credit market.

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Kinda Spooky: META, AI, TSLA

Fri, 31 Oct 2025 14:59:48 +0000

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.

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Indoor Cat: JPM, AI, 777

Fri, 24 Oct 2025 15:07:49 +0000

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.

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No Nap Rooms: Credit, Peace, 24X

Fri, 17 Oct 2025 15:10:48 +0000

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.

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How the Snake Dies: ICE, AMD, ARKK

Fri, 10 Oct 2025 14:50:33 +0000

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.

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Loads of Vultures: Funds, Agents, Bets

Fri, 03 Oct 2025 14:51:42 +0000

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.

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This Is Weird: A Mailbag Episode

Fri, 26 Sep 2025 14:53:54 +0000

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.

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Chaos Factor: ARKF, 10Q, 10%

Fri, 19 Sep 2025 14:35:54 +0000

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.

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A Wounded Lion or a Beaten Mule: HF, TSLA, FOTSBA

Fri, 12 Sep 2025 13:30:50 +0000

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.

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Voluntary Nudge Nudge: IEEPA, TROW, FX

Fri, 05 Sep 2025 15:08:43 +0000

Katie and Matt discuss the taxation power, IEEPA, tariff refunds, government revenue sharing, voluntary tariffs, alternative/traditional asset manager partnerships, Goldman buying a little bit of T. Rowe, private assets in target-date funds, deal-contingent hedges, private equity becoming the main clients of investment banks (and hedge funds).

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Cool and Fun for Capital Markets Nerds: Tayvis, MSTR, IPO

Fri, 29 Aug 2025 15:38:59 +0000

Katie and Matt discuss Taylor Swift, dating podcasters, the betting markets/financial markets convergence, commodity insider trading, a magical money printing machine, weird preferred stocks, the crypto treasury boom, Money Stuff’s effect on academic tenure, IPO pops, private company pops and security-based swaps.

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Dinosaur Bone Treasury Company: A Mailbag Episode

Fri, 15 Aug 2025 14:00:00 +0000

Katie and Matt discuss reader questions about Blooming Onion futures, IPO pops, alternative treasury companies, sports bar hedging, no-penalty CDs, spirit securities, “internet personality” as a career and news anchor vocal training.

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Tellers in Dallas: TSLA, FD, PE

Fri, 08 Aug 2025 15:02:54 +0000

Katie and Matt discuss Matt's vacation plans, Elon Musk's propensity to ruin them, Musk's new good-faith payment from Tesla, his work schedule, Tesla as a car company vs. Tesla as the future of life, Regulation FD, tone and body language, hedge funds vs. long-only investors, retail corporate access, on-cycle recruiting and the heat death of the universe.

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Matt Levine Ripped My Face Off: CEF, FX, A

Fri, 01 Aug 2025 13:59:25 +0000

Katie and Matt discuss retail private assets, offsetting unicorn closed-end funds, Matt’s infrequent trading in his personal account, FX derivatives, unsophisticated clients, limited upside with unlimited downside, hurricanes, never-pay insurance policies and a call for mailbag questions.

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Relevant Markets Content: KSS, 351, QQQ

Fri, 25 Jul 2025 15:14:43 +0000

Katie and Matt discuss bird gender reveal parties, meme stocks, short squeezes, AI as a distillation of human wisdom, dispersion trades, ETF tax efficiency, heartbeats, everything will be a tokenized ETF, the Qs, ETF marketing budgets and the rule against perpetuities.

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Horse Barn: HVAC, Windsurf, Vanguard

Fri, 18 Jul 2025 15:16:16 +0000

Katie and Matt discuss search funds, post-MBA career paths, Katie’s future in horse barn ownership, search-fund flips, the Windsurf quasi-acqui-hire deal, Vanguard and Strategy, the function of index funds, owning the global financial portfolio and Perching Square Capital Management’s closed-end fund.

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Sports: India, TSLA, Kalshi

Fri, 11 Jul 2025 14:44:19 +0000

Katie and Matt talk about dreams, Jane Street's Indian options trade, XAI, Tesla governance, sports gambling and prediction markets.

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Gappy Paleologo

Fri, 04 Jul 2025 14:00:00 +0000

Katie and Matt talk with Gappy Paleologo of Balyasny Asset Management about gardening leave, what makes a good quant researcher, factor models, the social function of hedge funds, AI and journalists as portfolio managers.

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Catastrophe in the Name: ETF, Trades, AI

Fri, 27 Jun 2025 14:28:15 +0000

Matt and Katie discuss Boomer-candy ETFs, autocallables, private-credit trading, volatility laundering and Mark Zuckerberg's hiring spree.

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Cliff Asness

Fri, 20 Jun 2025 14:27:40 +0000

Matt and Katie talk with their guest, Cliff Asness of AQR, about momentum, meme stocks, value, market timing, publishing, academics, explaining factors, how much to charge for alpha, private assets and machine learning.

You can also watch this episode on YouTube.

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Smack-ish: MSTR, PE, MFT

Fri, 13 Jun 2025 16:05:00 +0000

Matt and Katie discuss the Michael Saylor vs. Jim Chanos debate, financial gibberish, the mid-2000s federal clerkship hiring plan, private equity recruiting and mid-frequency trading.

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Learn to Perch: WFC, BBB, TOPS

Fri, 06 Jun 2025 13:56:05 +0000

Katie and Matt discuss Wells Fargo’s asset cap, credit ratings conflicts of interest, private credit controversies in the insurance business, why BBB- is the best rating, Main Line real estate prices, Marshall Wace, hiring cheaters at hedge funds and signals from the sell side.

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What Growing Starlings Need: USCIT, GSEs, SBET

Fri, 30 May 2025 15:29:09 +0000

Katie and Matt discuss Katie’s new bird, the legality of tariffs, the TACO trade, rooting for the nondelegation doctrine, implicit guarantees, the money to be made if Fannie Mae and Freddie Mac are re-privatized, stuffing Bitcoins into public companies and owning the global financial asset portfolio.

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Midnight Madness: Ryan Patch and Jon Seale

Fri, 23 May 2025 16:11:12 +0000

Katie and Matt talk with Ryan Patch and Jon Seale of Great Gotham Challenge about building puzzle hunts for the hedge fund manager who has everything.

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Full of Mirth: 401(k), Clubs, TSLA

Fri, 16 May 2025 15:28:38 +0000

Matt and Katie discuss leveraging up your 401(k), everyone's love for putting private credit into retirement accounts, mortgages versus margin loans, college finance clubs, travel sports and how to get Elon Musk paid.

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A Broad Church: BRK/A, OpenAI, Medicaid

Fri, 09 May 2025 15:38:38 +0000

Katie and Matt discuss Warren Buffett's retirement, his successor at Berkshire Hathaway, his other successor (Bill Ackman), OpenAI's restructuring, Sam Altman's incentives and Medicaid provider taxes.

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Visionary Kibbitzer: TSLA, X, KKR

Fri, 02 May 2025 14:49:01 +0000

Matt and Katie talk about what Tesla is, splitting the roles of CEO and Technoking, the Musk attention auction, the benefits of not paying attention to X debt prices, and why everyone likes private assets.

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Reptile Brain: ???, GS, XXI

Fri, 25 Apr 2025 15:38:05 +0000

Matt and Katie talk general craziness, tariffs, Jerome Powell, volatility and predictability, plus Goldman pay, alts managers versus banks, Twenty One and negative Bitcoin per share.

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One Horse at a Time: A Mailbag Episode

Fri, 18 Apr 2025 15:00:00 +0000

Matt and Katie answer reader questions about law firm IPOs, cyber horses, private credit marketplaces, S&P 500 basis ETFs, the option value of personal bankruptcy, names for children/horses/ETFs and ETFs of BDCs.

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Awkward Pauses: Tariffs, Basis, Leverage

Fri, 11 Apr 2025 14:15:51 +0000

Matt and Katie discuss fake tariff tweets, real tariff Truths, swaps, futures, basis trades and and ETF for shorting leveraged ETFs.

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Finders Keepers: IPO, XAI, Subs

Fri, 04 Apr 2025 15:56:56 +0000

Matt and Katie do not discuss tariffs but do discuss meme stock mini-IPOs, the stablecoin business, adult custodians of T-bills, booping some Circle coins, valuing X and xAI, X/xAI synergies, other possible Musk mergers, buying Tesla stock in order to complain about Elon Musk, and what we would do if someone gave us $7 million by mistake.

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Land Rich: EDR, KKR, SPAX.PVT

Fri, 28 Mar 2025 15:44:32 +0000

Katie and Matt discuss the Endeavor deal, Carl Icahn, dodging brokers' phone calls, strategic holdings, a baby Berkshire boom, Katie's contact lens reorder, reinvesting crypto winnings in land, real-time-ish private stock prices, OpenAI's lack of stock volatility and distracting stock prices.

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Unbundled Advice: A Mailbag Episode

Fri, 21 Mar 2025 15:00:00 +0000

Matt and Katie answer reader questions about the quality of cocoa beans, who picks the loans in private credit ETFs, whether everything is stupid now, how to work quant hedge fund money laundering into your novel and how to save on financial advisor fees.

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American Dream: EDR, BIS, PILOT

Fri, 14 Mar 2025 15:04:13 +0000

Katie and Matt discuss appraisal arbitrage, fighting and wrestling, official worries about private credit liquidity and indoor skiing in New Jersey.

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Audible Frustration: C, ME, ETF

Fri, 07 Mar 2025 16:09:36 +0000

Matt and Katie discuss Citigroup's fat fingers and confusing computer screen, 23andMe's troubles, serial-killer cousins, ETF sales practices and taking a holistic view of customer service.

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Funny Business Is My Business: PRIV, HHH, WARS

Fri, 28 Feb 2025 16:24:33 +0000

Katie and Matt discuss Apollo and State Street's private credit exchange-traded fund launch, Bill Ackman's efforts to build his own Berkshire Hathaway, and memecoins as bankruptcy bidding currency.

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Bespokeness: AI, Passthrough, UST

Fri, 14 Feb 2025 16:38:30 +0000

Katie and Matt discuss the fighting over OpenAI, paying for hedge funds' photocopies, whether hedge funds are worth it or you should just buy buffer ETFs, and Microsoft vs. Treasuries.

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Another Great Convergence: 7bps, APO, HOOD

Fri, 07 Feb 2025 15:47:17 +0000

Katie and Matt discuss Vanguard's big mutual fund fee cut, plans for private credit trading and the one glorious day when you could bet on the Pro Football Championship in your brokerage app.

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A Lineless World: AI, X, Darkness

Fri, 31 Jan 2025 15:50:05 +0000

Katie and Matt discuss the DeepSeek shock, AI and GDP, Elon Musk's X buyout debt, trading in the dark and double levered Melaniacoin ETFs.

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Messing With Models: Vanguard, Buffers, Two Sigma

Fri, 24 Jan 2025 16:12:16 +0000

Katie and Matt discuss a Vanguard tax oopsie, buffered Bitcoin ETFs, crypto utility, and a hedge fund model calibration oopsie.

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Plant Some Petunias: Hindenburg, 360, ESG

Fri, 17 Jan 2025 16:03:03 +0000

Matt and Katie discuss how hard it is to make money as a short-focused researcher, how not to get the best rate on a savings account, and whether ESG is about doing good or doing well.

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Sick and Aging Trees: GSE, MBA, ICE

Fri, 10 Jan 2025 16:57:16 +0000

Katie and Matt discuss the return of the Fannie Mae and Freddie Mac trade, a business school class project that came true in real life, and taking cocoa out of commodity exchange warehouses.

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Unfeasibly Tanned for This Time of Year: A Mailbag Episode

Fri, 03 Jan 2025 15:33:54 +0000

Katie and Matt answer reader questions about their paths into the world of finance, goth closing bell ceremonies, government insider trading, buying shares of other people's houses, "body language," the maximum number of ETFs and Martha Stewart.

Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll unlock deep reporting, data and analysis from reporters around the world, plus access to a suite of subscriber-only newsletters.

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Half Backronym: PISCES, ACI, MSTR

Fri, 20 Dec 2024 15:27:05 +0000

Katie and Matt discuss insider trading in private companies, the process of generating financial acronyms, supermarket antitrust, the grand reopening party of a Kings supermarket in New Jersey, and MicroStrategy's index inclusion, convertible bonds, and whole deal.

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Thin Gruel: Tetrahedron, Target, Firing

Fri, 13 Dec 2024 16:33:53 +0000

Katie and Matt talk about levels of financial celebrity, The Onion's efforts to buy Infowars out of bankruptcy, whether DEI is securities fraud, and committing insider trading after getting fired.

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Good Conspiracy: ESG, Assemblies, HPS

Fri, 06 Dec 2024 15:58:10 +0000

Katie and Matt discuss whether index funds are illegal, whether ESG investing leads to cartel-like profits, whether jury duty for index fund investors is a good idea and whether we are in a golden age for selling private credit firms.

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Chickenization: An Odd Lots Crossover

Fri, 29 Nov 2024 16:02:21 +0000

Katie and Matt sit down with Tracy Alloway and Joe Weisenthal, hosts of the Odd Lots podcast, to discuss their new series on the chicken industry, Ray Dalio’s connection to McNuggets, cheap protein, the Victorian chicken bubble, factory farming and Chicken Libor.

You can listen to Odd Lots' Beak Capitalism here, here, and here.

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Perpetual Motion Machine: Adani, MSTR, OSTK

Fri, 22 Nov 2024 16:01:39 +0000

Matt and Katie discuss the Adani bribery charges, the future of FCPA enforcement, MicroStrategy's Bitcoin strategy and the technology and legality of short squeezes.

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Generous Portion: FTC, CMG, ETF

Fri, 15 Nov 2024 15:35:38 +0000

Matt and Katie talk about merger arbitrage, affordable luxury handbags, burrito bowl sizing, securities fraud and double Warren Buffett.

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Garlic Cartel: Markets, Credit, Code

Fri, 08 Nov 2024 16:07:36 +0000

Matt and Katie discuss the price of garlic, anticompetitive price disclosure, the private credit gold rush and (allegedly) downloading quant models and fleeing the country.

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Public Breakups: Polymarket, Taxes, SMCI

Fri, 01 Nov 2024 16:29:41 +0000

Katie and Matt talk on Halloween about what election market prices might mean, how to defer taxes and Super Micro's auditors resigning in a huff.

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Some Cigarettes: Accreditation, Memes, Naughty ESG

Fri, 25 Oct 2024 16:29:14 +0000

Katie and Matt discuss taking tests to buy risky investments, growing up from meme stocks to boring retirement investing, and what happens when ESG funds smoke the occasional cigarette.

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John Collison

Fri, 18 Oct 2024 16:47:33 +0000

Matt and Katie talk with their first guest, John Collison, the co-founder and president of Stripe, about the financial services business, why payments are hard, what's good about crypto, why IPOs don't matter and how to fly planes.

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Technically a Horse: ETF, ETF, ETF

Fri, 11 Oct 2024 15:37:14 +0000

Katie and Matt discuss large ponies, small horses, puzzle hunts, portfolio trading, Jane Street’s lack of a CEO, tax deferral, covered calls and yieldmaxxing.

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Men's Haircuts: SATS, FLUT, APO

Fri, 04 Oct 2024 15:27:47 +0000

Katie and Matt discuss bond haircuts, literal haircuts, sports gambling, single-stock 0dte gambling and private assets in retirement accounts.

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Money Has No Meaning: OpenAI, AIWB, WWJD

Fri, 27 Sep 2024 16:06:13 +0000

Katie and Matt discuss nonprofits, capped-profits, for-profits, chatbot brokers, chatbot ETFs and biblically responsible investing.

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Modular Cat Trees: A Mailbag Episode

Fri, 20 Sep 2024 15:49:27 +0000

Katie and Matt answer reader questions about private markets being the new public markets, SEC fines, writing big stories, Icahn/Ackman activism, anti-leveraged ETFs, fake M&A, cat-based businesses, broker-dealers, naked shorts and our families' Money Stuff consumption.

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Calm Knuckles: SEC, ETF, SPOT

Fri, 13 Sep 2024 16:29:25 +0000

Katie and Matt discuss SEC cell phone location data, private credit ETFs, and having robots make fake songs for the streaming revenue.

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Fruitcakes and Nutcases: ETF, ATIC, DJT

Fri, 06 Sep 2024 16:16:07 +0000

Katie and Matt discuss single-stock leveraged ETFs, insurance for taxis and Florida real estate, the Trump Media lockup, and whether there are more readers of Money Stuff or Truth Social. Also, there will be a mailbag episode so we want good mailbag questions.

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Pick Up the Phone: Shorts, PSUS, BLS

Fri, 30 Aug 2024 14:44:33 +0000

Katie and Matt discuss short selling disclaimers, how to sell a closed-end fund and calling up the government to get payroll revisions.

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Hurt People Hurt People: SBUX, LMEs, BofA

Fri, 16 Aug 2024 16:50:50 +0000

A between-vacations episode in which Katie and Matt discuss Starbucks's new CEO, the capital solutions business, banking hours and being a horse.

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Guy on Twitter: PSUS, Left, ETFs

Fri, 02 Aug 2024 15:51:52 +0000

Matt and Katie discuss Pershing Square USA's IPO, Citron Research's short-and-distort charges, bond market liquidity, and Katie's trip to Paris to watch running.

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All the Biggest Tombstones: M&A, ETF, Mailbag

Fri, 26 Jul 2024 17:20:53 +0000

Katie and Matt discuss fees for mergers and acquisitions, private assets in ETFs, liquidity mismatches, and reader questions about asset-manager parties, poker staking and finite alpha.

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Don’t Hate the Player: DJT, Bets, Funds

Fri, 19 Jul 2024 16:33:04 +0000

Katie and Matt discuss Trump Media’s stock sale, people who are too good at sports betting and stock trading, and single-stock private funds.

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Blood Farming: Purdue Pharma, empty voting and frozen heads

Fri, 12 Jul 2024 16:13:40 +0000

Katie and Matt discuss nonconsensual third-party releases, what comes next for the Oxycontin bankruptcy, empty voting in proxy fights, and writing your future clone into your will. Also we tease Katie's sci-fi novel and introduce a new member of Matt's family.

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Just Keep Bidding: MMTLP, PE, ETFs

Fri, 28 Jun 2024 16:53:40 +0000

Katie and Matt discuss short squeezes past, present and future, interviewing for private equity jobs two years in advance, and how if you want to own stock but with less risk, you can just sell some of your stock.

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Xs and Os: Trader U, VORB, QXO

Fri, 21 Jun 2024 16:51:04 +0000

Katie and Matt discuss auditing classes at portfolio manager school, getting on television by pretending to buy public companies, and how to make a few billion dollars by rolling up the building products distribution industry.

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Uncatchable Mouse Jigglers: TSLA, PARA, WFC WFH

Fri, 14 Jun 2024 18:10:26 +0000

Matt and Katie discuss Elon's big payday (maybe), Paramount's lost deal and Wells Fargo's vice president of screen monitoring.

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Equities in Secaucus: TXSE, PSUS, GME

Fri, 07 Jun 2024 17:39:27 +0000

Matt and Katie discuss a new stock exchange in Texas (and also New Jersey), Bill Ackman's multiple public offerings and what Roaring Kitty is up to.

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T+Lunchtime: Settlement, Musk, Hwang

Fri, 31 May 2024 17:54:36 +0000

Matt and Katie discuss the move to T+1 stock settlement, Elon Musk's pay vote, Bill Hwang's trial and a fat finger trade.

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Bad Monday: Shrimp, Fingers, Brains

Fri, 24 May 2024 17:39:03 +0000

Matt and Katie discuss Red Lobster's shrimpy bankruptcy, Citi's software design and unconscious investing.

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Bets Are Off: DFV, BUIDL, CFTC

Fri, 17 May 2024 17:44:09 +0000

Katie and Matt discuss the return of meme stocks, a money market fund on the blockchain, events contracts and whether the Oscars are rigged.

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Fun Shiny Object: FTX, Public, ETFs

Fri, 10 May 2024 18:08:50 +0000

Katie and Matt talk about the FTX bankruptcy, public versus private markets, single-stock ETFs and floating on pudding.

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Money Failed!: Death bets, Paramount and Archegos

Fri, 03 May 2024 17:55:20 +0000

Katie and Matt discuss life insurance, murder, the Paramount merger limbo, Bill Hwang's case, how much an ounce of gold weighs, buying a bank with a credit card and dentistry.

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Goblin Hours: 24/7, FTC, Gold

Fri, 26 Apr 2024 17:25:18 +0000

Katie and Matt discuss waking up at 3 a.m. to trade stocks, the possible end of gardening leave, and buying gold at Costco with your credit card.

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[Beeeep] $: Elon, Jane Street, Hunterbrook

Fri, 19 Apr 2024 17:03:05 +0000

Matt and Katie discuss Elon Musk's pay package, trading trade secrets, the joys and perils of gardening leave, a hedge fund that is also a newspaper, and a real life doped Olympics.

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Law is Law: DXYZ, MNGO, BLS

Fri, 12 Apr 2024 17:53:17 +0000

For their very first episode, Katie and Matt discuss a hot fund for private stocks, a clever/illegal DeFi trade and super users of government data. Also there's some fake Cormac McCarthy.

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Introducing: Money Stuff: The Podcast

Wed, 27 Mar 2024 18:57:35 +0000

Matt Levine and Katie Greifeld talk Wall Street, finance, and other stuff.

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