MiB: Neil Dutta, Renaissance Macro Research

  This week, we speak with Neil Dutta, partner and head of economic research at Renaissance Macro Research, where he analyzes global trends and cross-market investment themes. He was previously a senior economist at Merrill Lynch, and an analyst at Barron’s. He has appeared on Bloomberg TV and CNBC as well as in the Wall Street Journal, New York Times,...

14h

10 Weekend Reads

The weekend is here! Pour yourself a mug of Guatemala Quetzaltenango coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Who Owns the Generative AI Platform? Many hot technology trends get over-hyped far before the market catches up. But the generative AI boom has been accompanied by real gains in real markets, and real...

16h

SUPD: Debt Ceiling,Inflation and much more

  Most podcasts have a Q&A between a guest and the host. Whenever I get together with Pete, it’s just two idiot friends BS-ing about whatever. I hope you enjoy this hour-long discussion about everything and nothing. (We start at the 15:15 mark). Pete always sneaks in some early chitchat that is candid and I don’t expect to make it to the show;...

1d

10 Friday AM Reads

My end-of-week morning train WFH reads: • Elon Musk’s Epic Quest for LOLs Is Only Hurting Tesla: Amid falling demand and sudden price cuts, the CEO seems determined to take a blowtorch to his company’s brand. (Businessweek) see also Consumer Reports calls Ford’s automated driving tech much better than Tesla’s Tesla’s Autopilot was once groundbreaking...

1d

How to Avoid Financial Disasters

  I am genuinely excited about a new presentation I have been working on since the holidays: How to Avoid Financial Disasters. My career in finance has coincided with an amazing string of disasters, ranging from the analyst scandal, IPO spinning, and accounting restatements, to say nothing of Enron, Bernie Madoff, and FTX. The TL:DR version: there...

2d

10 Thursday AM Reads

My morning train WFH reads: • ChatGPT is everything you wanted Bitcoin to be: ChatGPT was introduced a few months ago and has already spread like wildfire in a way that Bitcoin never has, despite the latter’s explosive rise into the public consciousness as a way to gamble and speculate. OpenAI’s ChatGPT has instantly found use cases, most notably at...

2d

How Do Active Managers Invest Their Own Money?

  Fascinating discussion this morning from Robin Powell. He points to a research note from Kings College where the authors surveyed active managers about how they were responding to the shift in favor from active to passive fund management over the past decade or two. But they also asked questions about how these managers invested their own monies....

3d

10 Wednesday AM Reads

My mid-week morning train WFH reads: • NYSE Investigates Technical Issue That Caused Wild Market Open: At least 40 S&P 500 stocks were hit with trading halts. NYSE says it’s investigating issues with the opening auction. (Bloomberg) • For Tech Companies, Years of Easy Money Yield to Hard Times: Rock-bottom rates were the secret engine fueling...

3d

Transcript: Steven Klinsky

   The transcript from this week’s, MiB: Steven Klinsky, New Mountain Capital, is below. You can stream and download our full conversation, including any podcast extras, on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in...

4d

10 Tuesday AM Reads

My Two-for-Tuesday morning train WFH reads: • The Fiscal Arsonists: Please stop playing weird political games with the U.S. fiscal system. (Noahpinion) see also Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default: Treasury Secretary says the Federal Reserve would likely not agree to such a scheme. (Wall Street Journal) • Stocks usually...

4d