The story of Long Term Capital Management as told by LTCM partner Eric Rosenfeld. Eric earned a PhD from MIT, then taught at Harvard Business School, then became a trader at Salomon, then was a founding partner of LTCM.

Resources:

HBS Study on LTCM dividend

Eric's talk at MIT in 2009

Michael Lewis article on LTCM

When Genius Failed, Roger Lowenstein

Follow the show on Twitter: @halfkelly
Email: [email protected]
Web: halfkelly.com

John Hempton runs Bronte Capital, which generates its excess returns primarily through shorting fraudulent companies. John walks through a hypothetical short, explaining how they find it, how they size positions, and the kinds of returns that can be expected. He also discusses his shorts of Valeant Pharmaceutical and Wirecard.

John Hempton on Twitter: https://twitter.com/John_Hempton
John's Blog: http://brontecapital.blogspot.com/
Netflix documentary on Valeant: https://www.imdb.com/title/tt7909184/

Email the show: [email protected]
Follow the show on Twitter: https://twitter.com/halfkelly

Mark DeRosa, Zack White, and Rufus Peabody. The story a group of friends from Appalachian State that went on to team up with an econ grad from Yale. They started playing casino games and eventually would go on to bet the max at sports books all over Las Vegas.

Follow Zack White on Twitter.

Follow Mark DeRosa on Twitter.

Follow Rufus Peabody on Twitter.

Rufus's betting analytics startup: Unabated. 

Mark DeRosa, Zack White, and Rufus Peabody. The story a group of friends from Appalachian State that went on to team up with an econ grad from Yale. They started playing casino games and eventually would go on to bet the max at sports books all over Las Vegas.

Follow Zack White on Twitter.

Follow Mark DeRosa on Twitter.

Follow Rufus Peabody on Twitter.

Rufus's betting analytics startup: Unabated. 

Houyi went from Yale Law School to a job in finance before he left it all behind to become a professional advantage player. He talks about counting cards, learning to play hole cards, traveling the world, and a fateful poker game in Cambodia.

Email the show: [email protected]
Follow us on Twitter: @halfkelly

Richard Munchkin and Darryl Purpose are career advantage players. Over the past 40 years they've teamed up to win millions of dollars from casinos. In this episode they recount some of the war stories and also offer reflections on the nature of teamwork.

Darryl Purpose's music website: https://darrylpurpose.com/
Richard Munchkin / Gambing With an Edge: https://www.lasvegasadvisor.com/gambling-with-an-edge/category/podcast/
Earlier episode of Risk of Ruin featuring Richard and Darryl: https://podcasts.apple.com/us/podcast/david-goliath-part-i/id1527018692?i=1000493338179
James Grosjean's "Beyond Coupons": https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdf


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Follow us on Twitter: https://twitter.com/halfkelly

Citrini Research has taken Fintwit by storm with a series of prescient market calls covering themes such as AI, GLP-1, and the Trump election.

In this episode Citrini discusses how he arrived at thematic investing, the process he uses to find baskets of stocks, and also what it’s like to write up a thesis for tens of thousands of subscribers.

Find Citrini on Substack.

Find Citrini on Twitter.

Support the show by subscribing to the Premium Substack: https://riskofruinpod.substack.com/p/new-episode-big-chunky-changes?r=ckepv

Email the show: risk of ruin pod at gmail

Follow the show on Twitter: @halfkelly

Jake Hoselton is the CEO of Grass Clippings. Pete Wilson is the CMO of Grass Clippings. Howard Lindzon is the Managing Partner of Social Leverage.

The guests talk about trying to build a new high stakes par 3 golf league.

Links:

2024 Grass Clippings Open
https://www.youtube.com/watch?v=6cX0ktag2kA
2024 Good Good Desert Open
https://www.youtube.com/watch?v=PE7t7K173-U

Follow Grass Clippings on X (formerly Twitter):
https://x.com/GrassClippingsc
Follow Howard Lindzon on X (formerly Twitter):
https://x.com/howardlindzon

Follow the show on X (formerly Twitter): 
https://x.com/halfkelly

Support the show links:
https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit

Mr. Doppy became an advantage player hustling the video poker game Ultimate X. Since then he's gone after online sports books, credit card points, and also a state lottery.

Mr. Doppy's Twitter account: https://twitter.com/MrDoppy

Support the show links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit

Email the show: Risk of ruin pod at gmail dot com
Follow us on Twitter: https://twitter.com/halfkelly

David Orr is a former poker player turned fund manager. He started out investing with a value bias, and then eventually did a 180 and started shorting value traps. He talks about how his strategy evolved and also his plan to grow his fund.

Follow David on Twitter: https://twitter.com/orrdavid

Support the show links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit

Follow the show on Twitter: https://twitter.com/halfkelly

Email: risk of ruin pod at gmail