Introducing Prognosis Season 4: America's Broken Health-Care Costs

The stock market has had a torrid run in 2024 despite the fact that interest rate cuts haven't materialized in the way people had expected at the start of the year. In fact, outside of a few blips here and there (like spring 2020), US stocks have been phenomenal performers for years. Tom Lee, the founder of Fundstrat and FS Insight has been bullish for a long time, having caught the correct side of this lengthy trend. On this episode, we speak to the former JPMorgan strategist about how he thinks about the market, what he sees happening right now in macro and demographic trends, and why he thinks it’s plausible that the market could roughly triple in the next six years.

See omnystudio.com/listener for privacy information.

Everyone knows that the AI boom is built upon the voracious consumption of chips (largely sold by Nvidia) and electricity. And while the legacy cloud operators, like Amazon or Microsoft, are in this space, the nature of the computing shift is opening up new space for new players in the market. One of the hottest companies is CoreWeave, a company backed in part by Nvidia, which has grown its datacenter business massively. So how does their business actually work? How do they get energy? Where do they locate operations? How are they financed? What's the difference between a cloud AI and a legacy cloud? On this episode, we speak with CoreWeave's Chief Strategy Officer Brian Venturo about what it takes to build out operations at this scale.

See omnystudio.com/listener for privacy information.

Virtually everyone, across the ideological spectrum, has the view right now that it's too hard to build things (or get things done generally) in America. New infrastructure is thwarted by red tape and permitting. New housing is thwarted by YIMBYism. Even something that doesn't require much new construction -- like NYC's attempt to impose congestion pricing -- is difficult to get done after years and years of wrangling. What is the core problem? And what can be done to address it? On this episode, we speak with John Arnold, who started his career as an energy trader at Enron, before going on to found a highly successful energy hedge fund. Now in his role as the co-founder of Arnold Ventures, he works on policy solutions to address these key bottlenecks. We discuss how he goes about philanthropy to affect policy change, the problems he's identified, and what solutions could be put in place to improve domestic development.

See omnystudio.com/listener for privacy information.

Throughout history, financial markets have struggled with the issue of borders. Borders create friction, add cost and cause headaches for anyone who wants to spend money across them. On top of that, various national currencies can be wildly unstable.

Could a borderless, global currency ease friction and enhance financial inclusion and stability around the world? Cryptocurrencies offer an intriguing possible solution to money’s border problem. And a particular kind of cryptocurrency, called stablecoins, could become a powerful medium of exchange for international payments - and offer people around the world increased economic freedom.

This episode is sponsored by Coinbase.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

For much of this year, the S&P 500 has marched steadily higher while measures of stock market volatility, like the VIX, have stayed pretty low. But looking at the headline index only tells you part of the story. Beneath the surface of the S&P 500, individual stocks have been moving up and down a lot. And of course, traders have figured out a way to make money on the difference between the quiet overall index and all that volatility happening in individual stocks. This is the dispersion trade that's gotten quite a bit of attention in recent months. But figuring out exactly who's doing it and how pervasive it is isn't that easy. In this episode, we speak with Michael Purves, CEO and founder of Tallbacken Capital Advisors, and Josh Silva, managing partner and CIO at Passaic Partners, about this new volatility trade and what it means for the overall stock market.

See omnystudio.com/listener for privacy information.

A few lucky people have made generational wealth trading the ups and downs of the crypto market. And some finance professionals have shifted gears to focus primarily on the space. But what is it like to actually trade these coins day-to-day? How do people pick which ones to buy? How do they analyze the coins themselves? How do they get reliable information? And what is it like, emotionally, to trade such an infamously volatile asset? On this episode of the Odd Lots podcast, we speak with Julian Malinak. In his day job, Julian works in healthcare tech. But the rest of the time, he's looking on message boards for the next 100-bagger. At one point he had made enough to retire on. And then it all went poof. But he keeps grinding and trying to improve his craft. Julian — who we found on the Odd Lots Discord server — explains what he does all day, and how the market really works from a trading perspective. 

See omnystudio.com/listener for privacy information.

There's been a huge change in the market for nickel, which goes into everything from electric vehicles to steel. Indonesia has grown to absolutely dominate production and now provides more than 55% of the world's supply. A lot of that is going to China, which has partnered with Indonesia to help grow its nickel industry at a phenomenal rate. Now, there are accusations that low-grade and low-priced Indonesian nickel is flooding the global market, to the detriment of other producers. Western miners like BHP and Anglo American have been shuttering their own nickel operations, and have written them down by billions of dollars in recent years. On this episode, we speak with Michael Widmer, head of metals research at Bank of America, about the sea change that's taken place in the world's nickel market and what it says about the green energy transition, as well as the scramble for other strategically important metals. We also talk about all those bullish calls on copper, and general volatility in the metals space.

See omnystudio.com/listener for privacy information.

The company that Elon Musk is most known for, obviously, is Tesla. It's been extraordinarily successful and made him one of the richest people in the world. But his true love may be SpaceX, the rocket company whose technology may one day be used in getting humans to Mars. But even if interplanetary trips are a long way off, there's no historical precedent for the sheer scale of the outer space dominance that Elon Musk has built out. Between his rockets and his satellite-based internet company Starlink, no one individual has ever completely dominated outer space this way. So where are these businesses going and how do they fit into the Elon empire? On this episode, we speak to three of our Bloomberg colleagues who have covered Musk and his businesses. First, we talk about the history and science of rockets with Bloomberg News reporter Ashlee Vance, the author of the book, When the Heavens Went on Sale: The Misfits and Geniuses Racing to Put Space Within Reach. Then we speak with Dana Hull and Max Chafkin, two of the hosts of Bloomberg's Elon Inc. podcast, about Musk's broader constellation of companies and how they all fit together.

See omnystudio.com/listener for privacy information.

The rise of GLP-1 drugs, like Ozempic, is a potentially existential threat to the makers of salty, sugary, high-calorie snack foods. But it's obvious that the gigantic food industry will search out ways to adapt. So what types of new products will they sell? How will they be flavored? How will they be packaged and marketed? On this episode of the podcast, we speak with Barb Stuckey. She is the chief innovation and marketing officer at Mattson, a San Francisco Bay Area company that helps food producers find the next big flavor. Her team recently undertook a big study of Ozempic users to get a better understanding of how it changed their diets. She speaks to us about what they learned, what new types of products are in development, and how food manufacturers find the next big thing.

See omnystudio.com/listener for privacy information.

Kyla Scanlon has a great way of identifying the economic vibes, building up a massive TikTok following with videos about the Federal Reserve, inflation, markets, and more. She also coined the viral term 'vibecession' to describe the mood of many Americans who haven't been feeling the economic growth shown in official figures. In this episode of Lots More, we catch up with the Bloomberg Opinion contributor on what the vibes are right now, what resonates on social media when it comes to economic coverage, and her new book, In This Economy? How Money and Markets Really Work.

See omnystudio.com/listener for privacy information.

In this engaging episode, Charles Dobens and Bob Damigella explore the fascinating world of real estate finance. Bob, with over 30 years of experience and $3 billion in debt and equity under his belt, reveals the intricacies of his day job as the Head of Capital Markets for Marcus and Millichap in New England. From surviving the aftermath of the 09 crash to creating a program that teaches new investors the ropes, Bob shares valuable insights and lessons. Discover how Bob and Charles simplify concepts like debt, equity, and the capital stack, making real estate financing accessible to all. Uncover the secrets of financing commercial real estate and a glimpse into the cutting-edge investment opportunities of the 2024 real estate market.

Visit MultifamilyOS.com for more information, tools, and multifamily investing resources!

Potential buyers are always wondering when prices will drop across Southern California. But will it ever actually happen? We posed that question to Trulia's Chief Economist Issi Romem. We also asked him why it's so expensive to buy property in the LA area.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ils et elles sont 40 en lice pour les « Pierres d’Or » 2022 ; quatre nommés pour dix catégories. Mais un ou une seul(e) sortira lauréat(e). Un grand nombre de nommé(e)s ont accepté de jouer le jeu du podcast en répondant à une seule question, posée par Fanny Bourdin pour « Immoweek » : « pourquoi faut-il voter pour vous ? ».

In this episode of the Journey to Launch podcast, we chat with Andrew Giancola as he shares his journey to financial independence and full-time entrepreneurship, including his foray into ethical real estate investing and the realization that helped him build wealth quickly and efficiently. 

He also talks about why he started his personal finance podcast, which now has millions of downloads, and how he became a millionaire in his 30s.

In this episode, we also discuss:

• How Andrew went from $30k per year at age 22 to achieving his first 100k by age 25
• A step-by-step guide on how to increase your income at your current job + negotiate your salary
• Buying into real estate in 2020 + exiting for a new entrepreneurial path of personal finance podcasting
• Side hustles Andrew took on to increase his wealth–including a Christmas tree stand business + more

• Instagram: @Journeytolaunch
• Twitter: @JourneyToLaunch
• Facebook: @Journey To Launch
• Join the Private Facebook Group
• Join the Waitlist for My FI Course
• Get The Free Jumpstart Guide