OpenAI just wrapped up a $122 billion funding round, but some investors are having trouble selling OpenAI stock in private markets.

Malcolm Ethridge and Ricky Mulvey discuss:

- Investing during the uncertainty of the Iran War, and one sector where investors may find some safety. 

- Oracle’s 30,000 employee layoff.

- How more student loans are in default than subprime mortgages during the 2008 financial crisis.

- A listener selling his Pokemon card collection for an engagement ring.

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Hosts: Malcolm Ethridge, Ricky Mulvey

Engineer: Tim Sparks

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Five minutes before Trump announced a halt to Iran airstrikes, a trader reportedly bought $1.5 billion in S&P 500 futures and sold $200 million in oil futures. The orders were four to six times larger than anything else in the market at that moment. Huh. Isn't that interesting?

Also: Afroman won his defamation trial against Ohio police officers. Ricky and Malcolm discuss the economic lessons from the trial.

Malcolm and Ricky also talk about:

- Crypto-backed mortgages. What could go wrong?

- Why Pokemon card collectors don't trust the stock market

- Malcolm's latest stock purchase, Okta.

- The scrum that left airport security workers without paychecks.

- Why More Americans are starting businesses — and the pickleball bubble

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Hosts: Malcolm Ethridge, Ricky Mulvey

Engineer: Tim Sparks

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Seven states now allow full online casinos on your phone, such as slots and blackjack. But, two states, Virginia and Massachusetts, just shelved iGaming bills. Is the tide turning on mobile gambling?

Ricky and Malcolm also dig into why gold is falling even as the Iran war drags on, and break down the short report targeting SoFi.

In this episode, they discuss:

(4:40) Why retail investors are pulling back from gold — and what that signals

(15:11) Who economically benefits from a war in Iran?

(22:15) SoFi's short report and whether Anthony Noto's response was good enough.

(35:30) Why states that said yes to sports betting are saying no to the next step of online gambling.

(43:30) Why gambling addiction is more dangerous than other vices.

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Hosts: Malcolm Ethridge, Ricky Mulvey

Engineer: Tim Sparks

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The Great Wealth Transfer is such a big conversation that we're dedicating two shows to the topic.

Hanna Horvath, CFP®, writes Your Brain on Money. She joins Ricky and Malcolm for the second part of their conversation about the Great Wealth Transfer. In this episode, they discuss: 

- The effect of inheritances on romantic relationships.

- Family wealth and the creation of bad art.

- How the tax system punishes work and rewards investment income.

- If there are any solutions for the "inheritocracy."

Check out Hanna’s Substack: https://yourbrainonmoney.substack.com/ 

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Hosts: Malcolm Ethridge, Ricky Mulvey

Guest: Hanna Horvath

Engineer: Tim Sparks

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Ricky Mulvey and Malcolm Ethridge take a breath and explain why right now is a bad time to make big money decisions. They discuss:

- The economics of the Iran War, and Ricky breaks down some of his reporting on the cost of the conflict. 

- Robinhood’s new investment vehicle for retail investors to buy private companies, and why Malcolm won’t pick up shares.

- Live Nation’s $300 million proposed settlement, and why it’s a “speeding ticket” for the company.

- Chamath Palhapatiya telling a retail investor to be grateful for capital losses. 

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Hosts: Malcolm Ethridge, Ricky Mulvey

Engineer: Tim Sparks

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Tens of trillions of dollars are expected to change hands between generations in the coming decades. What does this mean for our society, for the families passing down money, or for the kids who have to pull themselves up by the bootstraps? 

Hanna Horvath, CFP®, writes Your Brain on Money. She joins Ricky and Malcolm for a two-part conversation about the Great Wealth Transfer. In this episode, they discuss: 

- If the promise that hard work + education = success has been broken.

- Why people with “family money” hide their support.

- How their relationships with their family and money shaped their attitudes towards their own finances.

- Why the word “inheritance” has a branding problem. 

- Malcolm’s issue with people jogging in Manhattan at 11:00 am on weekdays.

Check out Hanna’s Substack: https://yourbrainonmoney.substack.com/ 

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Hosts: Malcolm Ethridge, Ricky MulveyGuest: Hanna Horvath

Engineer: Tim Sparks

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**NOTE: We recorded this before the Iran War started.**

Sure, we’ve got earnings coverage, but we are also taking a step back to discuss our personal rules for investing and how to stay disciplined in any market.

Malcolm Ethridge and Ricky Mulvey discuss:

- How Ricky won $2,600 back from an airline by using AI.

- Netflix walking away from Warner Bros. Discovery.

- How CAVA’s story is changing, and Ricky

- The difference between speculating and investing.

- Position sizing, “sleep numbers,” and building an investment policy statement before the storm hits.

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Hosts: Malcolm Ethridge, Ricky Mulvey

Engineer: Tim Sparks

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JMo is back! Motley Fool Senior Analyst, Jason Moser, joins Ricky Mulvey and Malcolm Ethridge to discuss what's actually happening in the AI selloff, and what's just noise.

They discuss

The companies that AI will not disrupt.

If the Citrini Research AI doom scenario, causing a market sell-off, is marketing or reality.

Jason’s thoughts on PayPal and Axon.

Malcolm’s theory on trading bots driving swings in the market.

The stocks that Jason has been buying.

Contact us: [email protected]

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Hosts: Ricky Mulvey, Malcolm Ethridge

Guest: Jason Moser

Engineer: Tim Sparks

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Blue Owl Capital just froze quarterly withdrawals from its private credit fund, and retail investors can't access their money. We explain why this isn't just a Blue Owl problem and why you want to know if you own private credit funds.

Malcolm Ethridge and Ricky Mulvey discuss:

- The private credit crisis, and why your portfolio might have more AI exposure than you think.

- Stocks we are buying.

- Age limits for Congress, and if members will ever face trading restrictions.

- Ricky’s reporting on Whale options activity and their effects on market.

-What Epstein's trades teach about investing psychology

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Hosts: Malcolm Ethridge, Ricky Mulvey

Engineer: Tim Sparks

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The AI selloff is building momentum, and investors are moving to safety. Is it time to become a contrarian? Plus, Ricky reveals Jeffrey Epstein's brokerage statements. They break down his biggest mistakes: $300,000 in Yahoo, terrible options trades, and swing trading that lost money during a bull market.

(2:44) - The cybersecurity stock that can thrive as AI-agents spread. 

(12:59) - Epstein’s swing trading habits (and why he was not very good at it).

(27:37) - An age cap for politicians? And, why Malcolm thinks Congress will ban insider trading (eventually).

(38:45) -  If investors should prepare for an AI bubble to burst.

(48:10) - Plus, we respond to Scott Galloway’s comment about our podcast and challenge him to come on our show, America’s number 2 “Resist and Unsubscribe” podcast. 

Contact us at [email protected].

We are proud to be in the Airwave Media network! Please contact [email protected] if you would like to advertise on our podcast.

Hosts: Ricky Mulvey, Malcolm Ethridge

Engineer: Tim Sparks

Link to trading documents: https://www.justice.gov/age-verify?destination=/epstein/files/DataSet%2010/EFTA01267639.pdf

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