62. Private Debt, Lehman and Livedoor
In February 2005, while the Convertible Bond market languished in a vicious volatility crunch, Lehman Brothers in Tokyo stunned the market, privately financing a Moving Strike Convertible Bond for Liv...
18 Mai 13min
61. Lorna Hajdini and Chirayu Rana, Investigation over Speculation
On May 1st 2026 the "Internet blew up!". Cannons, Fish heads, the intoxicating mix of sex, money and power. A now retracted court filing latched on to by the Daily Mail drew attention to a complex peo...
2 Mai 16min
60. Embedded AI - the Iceberg Risk for Sales
The Titanic was promoted as unsinkable, equipped with state-of-the-art safety features. But on April 15, 1912, it struck an iceberg, leading to one of the deadliest maritime disasters. This narrative ...
17 Apr 9min
59. AI Sycophancy - Trading's Emerging Risk
Traders are often seen as cynical and paranoid individuals. But what happens when their reliance on technology, like AI, leads them to reinforce their biases instead of questioning their strategies?As...
8 Apr 11min
58. Cornering Markets - Silver, Gold and Volkswagen
In the world of finance, few attempts to corner a market are as infamous as that of the Hunt brothers' silver squeeze in the late 1970s. With the backdrop of inflation concerns and a shaky economy, th...
20 Mar 53min
57. Vestia - Derivatives, Intermediaries, and the Liquidity Death Spiral
Nic and Damian examine the near-collapse ofVestia.At its height:Over €20 billion in derivatives exposureMassive collateral callsA liquidity crisisCriminal convictionsExecutive resignationParliamentary...
23 Feb 37min
56. Parmalat - The Illusion of Cash
Imagine a global food company.Milk cartons on breakfast tables worldwide. Sponsorships in Formula One and top-flight football. Billions reported in cash reserves.And yet — when the truth emerged — muc...
16 Feb 48min
55. Prediction Markets: Kalshi and Polymarket
January 6th 2026 the US began the operation to capture Venezuelan President Maduro.By the 7th January the media were reporting that contracts placed on two prediction market exchanges: Kalshi and Poly...
13 Jan 29min
