China's Reopening Economy
Send us a textWhile China is struggling with an unprecedented wave of coronavirus, and tens of millions are getting infected daily, the world’s second-largest economy is starting to show signs of coming back to life following the government’s decision last month to dismantle the zero-Covid system that aimed to control the virus at the cost of keeping the country isolated.Investors and analysts predict a brighter year ahead after disrupted supply chains and forced stoppages on factory floors h...
8 Jan 202322min
2022 The Year in Review
Send us a textFrom Elon Musks Purchase of Twitter to the arrest and extradition of Sam Bankman-Fried, 2022 was an eventful year in the world of finance. In Today's podcast let's look at the major financial news events of the year to see if there is anything we can learn or laugh about. Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https...
8 Jan 202317min
The $100 Million Influencer Pump & Dump Scheme.
Send us a textFederal prosecutors and the SEC earlier this week charged seven Influencers with using Twitter, Discord and YouTube to commit securities fraud that netted them more than $100 million.An eighth influencer was charged with aiding and abetting the alleged scheme in the SEC’s civil complaint and with conspiracy to commit securities fraud in the Department of Justice’s criminal case.Each of the defendants had well over 100,000 Twitter followers as of this month, they ran a podcast ca...
19 Des 202218min
The Case Against Sam Bankman-Fried
Send us a textSam Bankman-Fried has been arrested, accused of engineering “one of the biggest financial frauds in American history.”In a Department of Justice indictment unsealed on Tuesday, Bankman-Fried has been charged with eight counts including conspiracy to commit wire fraud on customers and lenders, money laundering and violations of campaign finance laws. Bankman-Fried, who was arrested in the Bahamas on Monday, faces years in prison if convicted.The charges point to a long-running sc...
15 Des 202227min
Why We Trust Fraudsters!
Send us a textFrom Enron to Wirecard to Theranos and FTX, elaborate investment scams can remain undetected long after the warning signs appear. What are investors missing?Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://...
10 Des 202222min
Blackstone’s Investors Want Their Money Back!
Send us a textStephen Schwarzman and Jonathan Gray of Blackstone have built the best fundraising machine on Wall Street, but now, the billionaire pair are in an unfamiliar position — having to return cash to clients who are asking for their money back.Blackstone’s stock price fell last week after it limited withdrawals from its $125bn real estate investment fund BREIT, after a surge of redemption requests.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivativ...
6 Des 202216min
Sam Bankman Fried Explains the Losses at FTX.
Send us a textSam Bankman Fried did two interviews with Tiffany Fong to explain what happened at FTX and where the customers money went. The first interview went out on the YouTube channel Coffeezilla yesterday.The Full Sam Bankman Fried Interview: https://www.youtube.com/watch?v=xP54LZB3WRw&t=1sCoffeezilla Video: https://www.youtube.com/watch?v=0rL35_WV3lE&t=85sPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: ...
1 Des 202218min
The Institutional Investors Who Lost With FTX
Send us a textSince its launch in 2019, FTX has raised $1.8bn and was most recently valued at $32bn. Among its shareholders are some of the world’s most-respected hedge fund managers and Venture Capitalists. Now with FTX having filed for bankruptcy, their investments look to be a complete wipeout. Investors including Sequoia, SoftBank and Paradigm, which was co-founded by former Sequoia partner Matt Huang, have marked their holdings in the company to zero, vaporising hundreds of millions...
24 Nov 202216min
