John Rotonti is a Portfolio Manager for Bastion Fiduciary where he runs the Bastion Industrial and Infrastructure Portfolio. He joined Ricky Mulvey for a conversation about:

- The housing shortage and how John is approaching it as an investor.

- Finding high-quality companies.

- A less-discussed player in the AI buildout.

- How sustainable share buybacks reward long-term holders.

Host: Ricky Mulvey

Guest: John Rotonti

Engineer: Tim Sparks

When will OpenAI go public? Could it really happen as soon as 2026? What will AI wearables actually look like? And why has the market largely forgotten about Waymo?

Alex Kantrowitz, who writes the Big Technology Substack and hosts the Big Technology podcast, joins Ricky and Malcolm to break it down.

- Alex and Malcolm debate OpenAI going public in 2026.

- They discuss why AI wearables won’t look like your phone.

- Alex explains why Waymo is underrated.

Hosts: Ricky Mulvey, Malcolm Ethridge

Guest: Alex Kantrowitz

Engineer: Tim Sparks

Instacart is testing different prices for the same basket of goods, sold from the same grocery store and at the same time. Algorithmic pricing is in your grocery cart.

Ricky Mulvey and Malcolm Ethridge discuss:

- Disney allowing its characters on OpenAI’s Sora platform.

- Why Malcolm is losing faith in Oracle’s business.

- Instacart playing with algorithmic pricing on grocery items

- The potential of a one-person unicorn.

Hosts: Ricky Mulvey, Malcolm Ethridge

Engineer: Tim Sparks

More than half of Fortune 100 companies have asked “desk-using employees” to come back to the office five days a week. But office REITs are not roaring back.

Malcolm Ethridge and Ricky Mulvey discuss:

- Crypto’s downturn, and if it represents a “buy the dip” opportunity.

- Meta cutting its metaverse budget.

- The career implications of working from home, and the data on return to office.

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

Hosts: Malcolm Ethridge, Ricky Mulvey

Engineer: Tim Sparks

Retail investors are selling off risky assets, like Bitcoin, but the big institutional money is sitting tight.

Ricky Mulvey and Malcolm Ethridge discuss:

- The surprising number of high-income earners using Buy Now Pay Later.

- Abercrombie & Fitch as a buyback machine.

- Why retail investors are afraid of the AI trade, but big money is not.

- Nvidia’s potential accounting issues.

Hosts: Malcolm Ethridge, Ricky Mulvey

Engineer: Tim Sparks

Articles discussed:

High-income earners using BNPL: https://theharrispoll.com/wp-content/uploads/2025/11/Income-Paradox-Survey-November-2025.pdf Nvidia’s accounting questions: https://substack.com/home/post/p-179453867

 Please contact [email protected] if you would like to advertise on our podcast

AI is propping up the economy. Homes aren’t affordable. You don’t feel like you’re making enough at your job. So what do you do? 

Hanna Horvath, CFP®, writes the Substack “Your Brain on Money” and joined Malcolm and Ricky for a conversation about:

- How the definition of being middle class is changing.

- Gen Z’s split preference between socialism and capitalism. 

- Building more agency into your financial life.
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

Guest: Hanna Horvath

Engineer: Tim Sparks

Some investors are rooting for a bear market. Are you?

Malcolm Ethridge and Ricky Mulvey discuss:

- Why a blowout Nvidia quarter does not impress investors anymore.

- “The big market delusion” and artificial intelligence.

- Why younger generations are steering away from stocks.

- The growth of private credit funds being sold to retail investors.

Hosts: Ricky Mulvey, Malcolm Ethridge

Engineer: Tim Sparks

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

Articles discussed: “Why We Could Use a Good, Long Bear Market.” https://www.wsj.com/finance/stocks/why-we-could-use-a-good-long-bear-market-73997cb7?gaa_at=eafs&gaa_n=AWEtsqdDbPx_jftTXFB1T9awbqTolkrusKFpCLJlZ6JlMSF13bLTJfWxXRDCEyLsRw%3D%3D&gaa_ts=6924c3dc&gaa_sig=PujCvwH9HJ2TE109icuSfI5d4aN0SQp3-cCr-FyArg9JWOVesK05tH8dige5vrA50-nLqvxUBdYnumxwxKNqMg%3D%3D 

AI’s Winners, Losers, and Wannabee: Beyond Buzzwords” https://pages.stern.nyu.edu/~adamodar/pdfiles/country/AICombinedNEW.pdf 

He’s retiring at age 95 as a multi-billionaire. He’s leaving his kids 1% of his fortune. And everyone is hanging on to hear his insight. Warren Buffett is truly living the Baby Boomer Dream.

Malcolm Ethridge and Ricky Mulvey discuss:

- Michael Burry shutting down his hedge fund. 

- Warren Buffett’s letter to shareholders and how Buffett has affected them.

- Opendoor as a “cult stock” and the actual business of iBuying homes. 

- A start-up that is fractionalizing home ownership. 

Please contact [email protected] if you would like to advertise on our podcast.

Hosts: Ricky Mulvey, Malcolm Ethridge

Engineer: Tim Sparks

What happens when we put a financial planner and a mixed martial arts betting analyst in conversation?

Cody Saftic is a mixed martial arts betting analyst, the co-host of Bookie Beatdown, and an MMA matchmaker. Cody joined Malcolm and Ricky to discuss:

- Recent fight fixing allegations in the UFC. 

- The number one rule of gambling.

- How Cody has seen the interest in sports gambling explode over the past decade.

- What you can do if you want to “gamble” in the stock market (and not hurt yourself too much)..

- Why social media makes gambling look more profitable than it is.

Cody’s X account: https://x.com/CjSaftic

Hosts: Ricky Mulvey, Malcolm Ethridge

Guest: Cody Saftic

Engineer: Mark Lamorgese

Why is Sam Altman getting heated about a simple valuation question?

In the first half of the show, Malcolm Ethridge and Ricky Mulvey discuss

- OpenAI CEO Sam Altman’s surprising response to a question about his company’s $1.4 trillion commitments.

- A Big Short against Palantir.

- Where they’re seeing opportunities in Ethereum and Chipotle.

Then, they explore the rise of sports betting and how taking a game-like approach can change the way you invest.

Hosts: Ricky Mulvey, Malcolm Ethridge

Engineer: Mark Lamorgese