This week: Retail investors usually stick to the stock market, but many are rushing to make bets on oil futures. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss Emily’s piece about “dumb money” moving into more sophisticated trading markets—thanks to new crypto-driven platforms—and what’s motivating the trend. 

Then, the hosts examine Bill Ackman’s grand plan to take over Universal Music Group, and explain the difference in how his SPARC differs from a SPAC. 

Finally, the hosts delve into the New York Times’ quest to uncover the mysterious creator of Bitcoin, the pseudonymous Satoshi Nakamoto, and argue over the investigation’s conclusion. 

In the Slate Plus episode: Do men suck at grocery shopping?

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Podcast production by Jessamine Molli.

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