Infinite Loops

Ben Hunt is the creator and primary author of Epsilon Theory, and co-founder and CIO at Second Foundation Partners. Epsilon Theory is a newsletter that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators across 180 countries read Epsilon Theory for its fresh perspective and novel insights into market dynamics. You can follow Ben on Twitter at https://twitter.com/EpsilonTheory and read Epsilon Theory here: https://www.epsilontheory.com/ Show Notes:

• Neurolinguistic hard reset
• Ben's days at Harvard
• Why Klaus Schwab is a raccoon
• Human beings are social animals
• How language impacts and limits us
• The cost of the Metaverse
• How the nudging state is rewiring us
• Does narrative follow price, or is it the inverse?
• Traders respond to stories everyday
• How technology can fight the nudging state.
• NOAH: An ark of stories on the blockchain

Books Mentioned:

• The WEIRDest People in the World; by Joseph Henrich
• How the Irish Saved Civilization; by Thomas Cahill

Brian Feroldi is the author of the book "Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't". His mission statement is "To Spread Financial Wellness", and he does exactly that in this episode of Infinite Loops! You can connect with Brian on Twitter at https://twitter.com/BrianFeroldi and get his book from Amazon at https://www.amazon.com/Why-Does-Stock-Market-Everything/dp/1735066168/ Show Notes:

• Brian's first exposure to the stock market
• The power of mission statements
• Personal finances over investments
• Paying off your mortgage early
• Finding high-quality companies
• (Business) Momentum investing
• Brian's Investment Checklist
• Importance of narratives in investments strategies
• 99% of great investing is doing nothing
• On being wrong, and learning from mistakes
• DCA'ing into index funds
• Capitalism is brutal
• Knowing Tom Engle

Books Mentioned:

• Why Does The Stock Market Go Up?; by Brian Feroldi
• The Tao Jones Averages; Bennett W. Goodspeed
• How To Retire Rich; by Jim O'Shaughnessy
• The Intelligent Investor; by Benjamin Graham
• The Psychology of Money; Morgan Housel
• Just Keep Buying; Nick Maggiulli

Tracy Alloway is the co-host of the Odd Lots podcast and a managing editor at Bloomberg Markets. You can follow Tracy on Twitter at https://twitter.com/tracyalloway and listen to her podcast here: https://open.spotify.com/show/1te7oSFyRVekxMBJUSethH Show Notes:

• Financial crisis hindsight
• Being obsessed with risk and systemic stability
• Historical parallels to the crisis of '08
• Macro vs. micro bullshitting
• Why people refuse to say "I don't know"
• Victorian chicken bubble
• Tales of forensic accounting
• NFTs being used to launder money?
• NFTs' path to success
• Insights from collapse of previous civilizations
• Understanding the Human OS
• Fair Wages for Robots
• Praise for Citi's Matt King and Credit Suisse's Zoltan Pozsar

Nick Maggiulli is a financial educator, author of the blog "Of Dollars and Data", and the newly released book "Just Keep Buying: Proven Ways To Save Money And Build Your Wealth." In this episode, we talk with Nick about the robust empirical research that has gone behind the insights and ideas presented in his new book! You can follow Nick on Twitter at https://twitter.com/dollarsanddata and buy his book at https://ofdollarsanddata.com/justkeepbuying/ Show Notes:

• Coming up with title of the book
• The save-invest continuum
• Is buying a house a good investment?
• Debt: Good or bad?
• On being shaped by our experiences
• One path the wealth creation?
• 2020 vs 2021 as an investment year
• Handling emotions during a bear market
• Importance of diversification
• The ideal asset allocation
• The Great Reshuffle
• The argument against stock picking
• Negative yield bonds
• Lump sum vs. DCA
• Index investors or momentum investors
• Life as a growth, and value stock

Books Mentioned:

• Just Keep Buying; by Nick Magguilli
• Security Analysis; Benjamin Graham
• The Intelligent Investor; Benjamin Graham
• Influence; by Robert Cialdini

William Green is a journalist and author of the book "RICHER, WISER, HAPPIER: How the World's Greatest Investors Win in Markets and Life." — a book that draws on hundreds of hours of interviews with many of the world's super-investors to demonstrate that key insights for building wealth apply to life as well. You can follow William on Twitter https://twitter.com/williamgreen72 and get his book at https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856 Show Notes:

• From Journalism to Investing
• Obsessiveness required to play and win a game
• Behavioral biases
• Role of patience in investing
• Stoicism, and dealing with uncertainty
• Reading authors like Henry James
• Saying YES to serendipity
• Being present in the moment
• Delaying gratification
• "When I fall, I shall rise"
• Getting out of your own way
• Staying away from the games that don't suit you
• How body posture can affect you psychologically
• Giving pleasure to your creator
• Not knowing the truth

Books Mentioned:

• Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and in Life; by William Green
• Happy: Why More Or Less Everything is Absolutely Fine; by Derren Brown

As Chamath Palihapitiya put it back in April 2021, 10-K Diver is "one of the best fintwit accounts on Twitter." 10-K Diver loves breaking down complex financial topics and helping people understand them via engaging Twitter threads. You can follow 10-K Diver on Twitter at https://twitter.com/10kdiver and read all his threads at https://10kdiver.com/twitter-threads/ Show Notes:

• Curating aggressively
• Is there a long term plan?
• Reasoning from the first principles
• Volatility tax
• Do markets have a memory?
• Financial Independence, Retire Early (FIRE)
• Mental models for investing
• Premeditating
• Jim's GIF game
• Is it a Lindy or a turkey?
• The 'Money Concepts' show
• Benefits and pitfalls of leverage
• What's next for the 10-K diver?

Books Mentioned:

• Reminiscences of a Stock Operator; by Edwin Lefèvre
• Happy; by Derren Brown

Morgan Housel comes back for his second episode and Infinite Loops' 100th episode! Morgan is a financial writer and author of the bestselling book "Psychology of Money" — having sold more than a million copies worldwide! You can follow Morgan on Twitter at https://twitter.com/morganhousel, and read his blog at https://www.collaborativefund.com/blog/ Show Notes:

• Morgan's role at Collaborative Fund
• Marketing that isn't "forced"
• Good product is good marketing
• When perception becomes reality
• Feedback to Morgan's book
• The power of stories
• Understanding finance vs. Experiencing it
• Writing is thinking
• Not a great age for middlemen
• Promises of crypto
• Should volatility be considered as risk?
• Morgan's next book
• Disconnect between the ideal and the practical
• Change in Morgan's life after his book's success
• Happiness is not about money
• Raising children into great adults
• Interviews should be conversations, not interrogations
• On luck and humility

Books Mentioned:

• Psychology of Money; by Morgan Housel

Dr. David Rhoiney is a Robotic Surgeon, but his talent stack also includes being a cryptologist, financial educator, writer, public speaker, web developer, former Division One Basketball player and sprinter, and more! Phew... However, he did not come from a background of privilege. He started out homeless, and the only bread winner of his struggling family from a very young age. So how did he change his life? One word: Perseverance. Dr. David is now on the path of helping others change their own lives, and shares one of most inspiring stories we have heard till date. We are grateful to be able to share his life's journey with you. Hope you enjoy this episode as much as we did. You can contact Dr. David on Twitter at https://twitter.com/FiSurgi and subscribe to his newsletter at https://surgifi.substack.com/ Show notes:

• David's childhood
• Managing to stay away from Foster care
• Going through a GI bleed
• An academic turnaround
• Becoming a submariner
• Four years of cryptology
• Getting into medical school
• Introduction to financial literacy
• Origins of SurgiFi
• On always being kind and helpful
• David's Talent Stack
• Advice to the young
• Motivating people to learn
• Never going back to poverty
• Being an autodidact
• Poverty is NOT chosen
• Ideas to improve financial literacy in the world

Douglas A. Boneparth is the President at Bone Fide Wealth, Founder at CryptoDrip, and co-author of the book 'Millennial Money Fix'.

Follow Douglas on his Twitter at https://twitter.com/dougboneparth, CryptoDrip at https://twitter.com/cryptodripxyz and know more about Bone Fide Wealth here: https://bonefidewealth.com/ Show Notes:

• Writing a book with your spouse
• "Killing your darlings"
• Humor as a marketing strategy
• Generating leads with Twitter and SEO
• Scaling a financial planning business
• Demystifying financial jargon
• Dealing with the 2020 crisis
• Doug's introduction to Bitcoin
• The Web 2.0/Web 3.0 bridge
• Crypto Drip: A coffee-based NFT collection
• Trusting the trust-less system
• Gamestop-AMC saga
• Responsibilities of a fiduciary
• Earning the Right to Invest
• How NOT to suck on Twitter

Books Mentioned:

• The Millennial Money Fix; by Douglas A. Boneparth and Heather Boneparth

Steven Begleiter is a Managing Director of Flexpoint Ford. Prior to joining Flexpoint Ford in 2008, Steve was a Senior Managing Director at Bear Stearns & Co. He is also a professional Poker player who claimed the 6th place in World Series of Poker 2009, winning $1.59M Show Notes:

• Culture at Bear Stearns
• The liquidity crisis that ended Bear Stearns
• Evolution of Financial Services
• Importance of having a 'thesis' for your investments
• The Rise of Private Equity
• Where is PE headed to?
• Investing lessons from a Poker career
• Role of luck in life and Poker
• Psychology at the poker table
• How micro-expressions can give your game away
• Historical perspective to the Russia-Ukraine crisis
• Importance of reading military history