Risk of Ruin Podcast Profile
Risk of Ruin Podcast

@halfkelly

7,892
Followers
1,060
Following
520
Media
6,162
Statuses

Audio documentaries about risk takers. Hosted by John Reeder.

Joined September 2020
Don't wanna be here? Send us removal request.
@halfkelly
Risk of Ruin Podcast
1 year
They should let Calvin Ridley wear the number -110
@FanaticsBook
Fanatics Sportsbook
1 year
The league voted to allow all players other than offensive and defensive lineman to wear the jersey No. 0 Calvin Ridley will be the first to wear 0
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@halfkelly
Risk of Ruin Podcast
1 year
@maybebullish @BillAckman @FTX_Official @SBF_FTX If the exchange needed Alamedas liquidity to grow, and Alameda needed FTX client money to trade, there is no separation between the scam and the business.
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@halfkelly
Risk of Ruin Podcast
2 years
We've done a few episodes about the sports betting business which you can check out via the link in the profile, but I wanted to offer a thread about the *rhetoric* of the evolving legal sports betting business. Because it is a shit show.
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@halfkelly
Risk of Ruin Podcast
1 year
On the way up it was our unique brilliance. On the way down it’s a black swan.
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@halfkelly
Risk of Ruin Podcast
3 months
If you enjoy the show and could mention it to a friend that would be really great. Working on another episode now.
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@halfkelly
Risk of Ruin Podcast
1 year
I’m still amazed that after GameStop, Dogecoin, Bored Apes, casinos in every state, ARKK, 14 leg parlays, Robinhood, SBF, DFS, and…cryptodickbutts… the takeaway is we have a generation afraid to take risk?
@sama
Sam Altman
1 year
colleges prioritized making people feel perfectly safe over everything else and produced a generation afraid to fail, and thus afraid to take risk, and thus on pace to accomplish extremely little
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@halfkelly
Risk of Ruin Podcast
2 years
One thing that becomes apparent if you talk to gamblers is that an exercise that starts as a math problem very quickly becomes a logistics operation.
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@halfkelly
Risk of Ruin Podcast
2 months
There is a new episode of the podcast scheduled for the morning.
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@halfkelly
Risk of Ruin Podcast
5 months
lol. The story in the book is about martingaling. You can’t sprinkle some magical first principles pixie dust on it to make it a good anecdote.
@christiandean_
Christian Dean
5 months
In the Elon Musk biography, Isaacson tells of a poker game where Musk went all-in every time until he won. It's an analogy for how Musk - in Peter Thiel's words - "understands something about risk that everybody else doesn't", and how he's able to create companies that seemed…
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@halfkelly
Risk of Ruin Podcast
7 months
This is incredible. It’s like he tried not to understand what happened.
@SMTuffy
Sean Tuffy
7 months
“They had a great real business. If no one had cast aspersions on the business, if there hadn’t been a run on customers deposits, they’d still be making tones of money” ARE YOU FUCKING KIDDING ME!!!
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@halfkelly
Risk of Ruin Podcast
3 months
This dude just required a federal bailout… recently! Their crowd is unburdened by reality.
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@halfkelly
Risk of Ruin Podcast
1 month
I fucking love that twitter melts down for a full week over problem gambling and then Jason Robins is like “hey have you ever considered a 16 leg parlay?”
@JasonDRobins
Jason Robins
1 month
If you parlayed all the money lines correctly in yesterday’s tourney games, you would’ve gotten +483388 odds
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@halfkelly
Risk of Ruin Podcast
2 years
I could think of some explanations that aren't exactly women becoming more interested in sports betting....
@gabbgoudy
gabb
2 years
this is awesome 👏 @FOS @FanDuel
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@halfkelly
Risk of Ruin Podcast
1 year
On Monday I’m talking to @AlderLaneEggs to finish up the FTX / Silvergate episode. Then will post it as soon as I can.
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@halfkelly
Risk of Ruin Podcast
1 year
Dropping the new episode with @AlderLaneEggs on Monday.
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@halfkelly
Risk of Ruin Podcast
11 months
The NVDA thing exposed the ARKK shtick as nothing more than a half-assed Tesla stock promotion scheme. I say half-assed because they write "research" blog posts where the key piece of evidence = google trends.
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@halfkelly
Risk of Ruin Podcast
11 months
@BillAckman @Ukraine Serious question - why didn't you take the money you "added to the pot" and use it to pay back the victims of Valeant - a scam which you were the biggest enabler of? Maybe you should address the past wrongs you've perpetrated before moving on to new schemes?
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@halfkelly
Risk of Ruin Podcast
1 year
Have heard from several people (including my wife... which carries a lot of weight) that this is the best episode. @alderlaneeggs
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@halfkelly
Risk of Ruin Podcast
10 months
Sometimes I go outside. Not often. Yosemite Falls.
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@halfkelly
Risk of Ruin Podcast
2 years
The regulators should require fairness, so that the books aren't allowed to "bum hunt" when they've posted a line that in theory all customers should be able to bet into. There's no reason that the regulators have to be accomplices to a parasitic business model.
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@halfkelly
Risk of Ruin Podcast
1 year
Marc Cohodes is Fired Up - Vol. 1 (this will be a multi part series about @AlderLaneEggs SBF, FTX, and Silvergate Bank)
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@halfkelly
Risk of Ruin Podcast
2 years
Currently editing the next episode. If I'm being realistic about timing it's probably like 3/21 or so for release. Guest: @John_Hempton of Bronte Capital, talking financial scams that go to zero (sometimes via $100)
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@halfkelly
Risk of Ruin Podcast
7 months
Again - putting in a lot of effort to miss the point. How does Lewis not see that the exchange needed Alameda to provide liquidity? And probably one of the reasons to use the exchange was to trade against Alameda... like finding a casino paying 2:1 on blackjacks.
@allinwithchris
All In with Chris Hayes
7 months
Author Michael Lewis joins @chrislhayes to discuss “Going Infinite,” a new book about indicted crypto executive Sam Bankman-Fried. "The alleged crime kind of makes no sense," says Lewis.
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@halfkelly
Risk of Ruin Podcast
11 months
Sometimes you release an episode that goes to town on the world's worst spin doctors and then 3 weeks later they completely fuck the launch of a presidential campaign. @AlderLaneEggs
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@halfkelly
Risk of Ruin Podcast
1 year
I think across Spotify and Apple, the pod has 200 ratings and 195 of those ratings are 5 stars. I am proud of that, and also thankful to have had great guests.
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@halfkelly
Risk of Ruin Podcast
1 year
When the pod had zero listeners it was just a tribute to "Gambling With an Edge" - I made a pilot show during the pandemic which just used GWAE clips. Have taken it some new directions but it will always have that DNA.
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@halfkelly
Risk of Ruin Podcast
10 days
Arbs never sleep
@tomgara
Tom Gara
10 days
Unbelievably grim article about NYC restaurant reservation scalpers - people are paying a thousand bucks to buy a Carbone reservation on the secondary market.
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@halfkelly
Risk of Ruin Podcast
2 months
I met @ValleyBlitz_15 and the rest of his group at @spanky Bet Bash. This is an episode about their role as logistics providers in the sharp sports betting space.
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@halfkelly
Risk of Ruin Podcast
1 year
And then there’s Cohodes…. Which if you are a podcast host… you are not going to get a better talker than Cohodes. He has tons of stories, he tells them well. He’s sincere. He actually means it. You aren’t going to get better than that. And he’s entertaining. Helps a lot.
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@halfkelly
Risk of Ruin Podcast
1 year
If Silicon Valley Bank wants to slow down the exodus of deposits they should talk to the legal sports books and get the low down on "AML/KYC on the way out"
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@halfkelly
Risk of Ruin Podcast
2 years
Let’s see… we burned billions in marketing, acquired a bunch of customers that we don’t even know are profitable, and now our TAM assumptions are getting throttled. Otherwise it’s going great!
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@halfkelly
Risk of Ruin Podcast
2 years
New episode: Zero, by Way of a Hundred @john_hempton finds fraudulent companies and shorts them. He talks about the challenge of sizing bets, how to avoid blowing up, and famous shorts like Valeant and Wirecard.
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@halfkelly
Risk of Ruin Podcast
5 months
Arbs never sleep
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@halfkelly
Risk of Ruin Podcast
2 years
Imagine paying thousands of dollars in customer acquisition costs for the thing that actual casinos consider their loss leader? $DKNG
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@halfkelly
Risk of Ruin Podcast
2 years
If you've been following the $DKNG P.R. shit show, we have some episodes that address topics like: books kicking out sharp bettors, bonus hustling, and one story of an entire city getting kicked out of an internet casino.
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@halfkelly
Risk of Ruin Podcast
1 year
The first time I asked to interview @AlderLaneEggs I had only 5 episodes, and they were all about casino games. But he said "Tell me more." I sent him a list of questions and then he called me and said "Ok, but if we do this I want it to be the best thing out there."
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@halfkelly
Risk of Ruin Podcast
1 month
Advantage players
@AMAZlNGNATURE
Nature is Amazing ☘️
1 month
Whale Shark has learned how to steal food from fishing nets.
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@halfkelly
Risk of Ruin Podcast
2 years
New episode: The Character Building Side Effect of Losing With Jason Strasser @strassa2 Jason talks playing high stakes poker in college, and running his hedge fund Caption Partners.
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@halfkelly
Risk of Ruin Podcast
1 year
Congrats to @AlderLaneEggs and @AureliusValue on finding Silvergate, and then finding all of the shenanigans that ultimately took down the sleepy bank from La Jolla.
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@halfkelly
Risk of Ruin Podcast
6 months
This is foster dog Harley. He’s a very good dog. Available for adoption through Angel City Pits.
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@halfkelly
Risk of Ruin Podcast
1 year
I fear that the FTX witch hunt may have a chilling effect on innovation and venture capital, such that Sequoia may not fund another Caribbean based criminal enterprise for weeks or even months.
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@halfkelly
Risk of Ruin Podcast
10 months
🙏 Thanks to all who listen and rate the show. It is always nice to see.
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@halfkelly
Risk of Ruin Podcast
8 months
@quantian1 Also when he buys it he doesn’t lose the entire $47m. He can sell it for something.
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@halfkelly
Risk of Ruin Podcast
2 years
If you enjoy the podcast and could recommend an episode to a friend that would be really appreciated. The only reason we need wider reach, is to continue to get great guests. Great guests are the secret sauce. Thx.
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@halfkelly
Risk of Ruin Podcast
1 year
These are the most downloaded episodes.
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@halfkelly
Risk of Ruin Podcast
10 days
This is Petey. (full name is Peter Van Reeder). He’s a pretty good boy.
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@halfkelly
Risk of Ruin Podcast
11 months
Shorting stocks is easy. COIN sued by sec and 10 states, entire business is at risk, needs irrational exuberance in crypto market to make any money, AI hype has firmly replaced crypto hype, COIN sports a $12B market cap... down only 12% on the day. cc: @BagholderQuotes
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@halfkelly
Risk of Ruin Podcast
1 year
Re-watching "21" today and the NFLX description is "A brilliant group of students become card-counting experts with the intent of swindling millions out of Las Vegas casinos by playing blackjack." SWINDLING??
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@halfkelly
Risk of Ruin Podcast
1 year
It's hard to imagine a more bad ass way to wake up from a heart attack than "Did we win the game?"
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@halfkelly
Risk of Ruin Podcast
1 year
In Ed Thorp's book "A Man for All Markets" he tells the story of figuring out Madoff years before the ponzi collapsed. But it didn't matter because "number goes up."
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@halfkelly
Risk of Ruin Podcast
1 year
"Ultimately it's exhausting." - Jeff Ma talking about the never ending search for +EV. Maybe the most relatable thing that's been said on the podcast.
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@halfkelly
Risk of Ruin Podcast
10 months
These are the most popular episodes. “The Disrespected” will be on the list soon. Average episode just shy of 10k downloads. Slow burn, but I kind of think that’s the best fit for what I’m doing.
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@halfkelly
Risk of Ruin Podcast
1 year
@AlderLaneEggs I mean just imagine telling someone on 8/1 of last year: in a few months the JP Morgan of our era is TOAST and also some banks are going down as a result. Oh and there’s a guy in Montana that’s all over it. He’s Bloomberg’s go-to on all things egg-related.
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@halfkelly
Risk of Ruin Podcast
1 year
If you're new to the podcast we have episodes about value investing, craps, blackjack, short selling, merger arb, sports betting, slot hustling, travel hacking, video poker, energy trading, the storied Mayfair Club, and also the most well known hedge fund failure of all time.
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@halfkelly
Risk of Ruin Podcast
1 year
A through line of the most popular episodes: folks not afraid to talk about getting run over.
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@halfkelly
Risk of Ruin Podcast
2 years
New episode: The Mayfair Revisited w/ @Erik_Seidel and Steve Zolotow
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@halfkelly
Risk of Ruin Podcast
5 months
One of my favorite things about attending closing arguments for $JBLU / $SAVE was sitting next to two airline pilots who were betting on it, and had been in attendance for multiple days of the trial. One of them made a very succinct and persuasive case for why the deal should be…
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@halfkelly
Risk of Ruin Podcast
2 months
We’re all trying to find the guy who did this.
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@halfkelly
Risk of Ruin Podcast
2 years
The best thing on Twitter right now is the lawsuit over the future of $TWTR. There are some smart lawyers offering analysis, but I find the discussion to be lacking on a basic point, and that is how the involvement of The World's Greatest Gambler impacts the case. WGG = Elon
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@halfkelly
Risk of Ruin Podcast
1 year
If you enjoy the show and have a minute to leave a rating or review that would be very much appreciated. 🙏
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@halfkelly
Risk of Ruin Podcast
1 year
Life Magazine did a profile of Ed Thorp in 1964 and he delivered this absolute killer.
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@halfkelly
Risk of Ruin Podcast
1 year
@schwab_clarence @AlderLaneEggs the silvergate conference call had a mood that you would usually only see when a guy is trying to tell his wife about a pregnant stripper.
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@halfkelly
Risk of Ruin Podcast
1 year
The first word in risk assets is risk. - @AlderLaneEggs
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@halfkelly
Risk of Ruin Podcast
2 years
The title of the next episode is "The Mayfair Revisited" - covering the legendary New York club that was the inspiration for the Chesterfield in Rounders. Still working on it.
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@halfkelly
Risk of Ruin Podcast
1 year
The kicker - casino investigates, finds no evidence of cheating, still tries to avoid paying, as if they are entitled to make money even if they lose.
@BW
Businessweek
1 year
NEW COVER: For decades, casinos scoffed as mathematicians and physicists devised elaborate systems to beat the house on roulette. Then an unassuming Croatian’s winning strategy forever changed the game
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@halfkelly
Risk of Ruin Podcast
2 years
If you enjoy the podcast and can recommend it to your friends that's really helpful. The whole ballgame is getting better and better guests, so wider reach really helps with that. Thx.
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@halfkelly
Risk of Ruin Podcast
1 year
Surprised more hasn't been made about what an absolute train wreck of governance it is for the CEO of a company that will succeeed/fail based on its AI effort (Tesla) starting up a 2nd AI company.
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@halfkelly
Risk of Ruin Podcast
2 months
@garyblack00 Could I suggest that you have a bigger problem on your hand, which is that Tesla soared on the power of narrative - i.e. Tesla was a bet on the future that couldn't be replicated in another stock. That narrative is currently in process of unwinding.
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@halfkelly
Risk of Ruin Podcast
1 year
Looks like new episode coming later this week featuring the card counter that holds a singular place in advantage play history - @jeffma Then it looks like Silvergate is teetering, so just a hunch but probably finish up the episode w/ @AlderLaneEggs very quickly after that.
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@halfkelly
Risk of Ruin Podcast
7 months
Arbitrage everywhere
@itsmikemags
Mike Mags
7 months
The steak sandwich from Ruth’s Chris via UberEats is the single greatest value hack on planet earth. $19 sandwich vs $52 steak Same meat, similar amount of meat, and the sandwich comes with A+ fries (+sauces/toppings on side). Delivered right to your door. I love technology.
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@halfkelly
Risk of Ruin Podcast
2 months
Imagine how many other scams are out there, propped up only by their stock price.
@Cokedupoptions
John W. Rich (Wealthy)
2 months
Imagine how rich he’d be right now if he could have just kept the fraud going a few more months
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@halfkelly
Risk of Ruin Podcast
22 days
The “for you” tab is just post after post of explainer threads on buying small hvac businesses, short term rentals, or other bullshit. I swear I don’t click or engage with any of them. This site was once great.
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@halfkelly
Risk of Ruin Podcast
1 year
GPT is really amazing if you're a self taught terrible programmer. I can feed it code that I've written terribly in R (and which often still has the same variable names copied from Stack Overflow) and ask it to translate to Python, and also make improvements. And it's like 95%
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@halfkelly
Risk of Ruin Podcast
2 years
@chancery_daily “Maybe the real specific performance was the friends we made along the way”
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@halfkelly
Risk of Ruin Podcast
3 years
Going back to sports with the next episode featuring @Gambleballs @edteach23 and @RufusPeabody talking about their time working together in Vegas. Editing right now.
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@halfkelly
Risk of Ruin Podcast
4 months
The best is that at one airport they’re like “everything in one bin” and the next airport when you put everything in one bin they treat you like you’re an exact match for the DB Cooper sketch.
@kathbarbadoro
Kath Barbadoro
4 months
At what point did the TSA rules for going thru security start being totally arbitrary? Every time I go to the airport they ask me to do different things. Do they decide different rules every day and if so how
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@halfkelly
Risk of Ruin Podcast
2 years
$OPEN is a little bit like $DKNG in that all of their messaging is like "hey look at how great we are at analytics and data science" and then the real business is good old fashioned bum hunting.
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@halfkelly
Risk of Ruin Podcast
1 year
imagine thinking you have time to do a multi part long form series and then realizing you might need to have it done by friday at 1pm
@AlderLaneEggs
Marc Cohodes
1 year
Turns out the timing of this was Bang on.... He has it all on tape and the best is yet to come... Worth a listen
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@halfkelly
Risk of Ruin Podcast
7 months
You either die a hero, or you live long enough to go on a 6 day cruise with another couple.
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@halfkelly
Risk of Ruin Podcast
3 years
Inside LTCM Eric Rosenfeld went from MIT, to Harvard Business School, to Salomon. Then he was a founding partner at LTCM.
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@halfkelly
Risk of Ruin Podcast
1 year
This is gross. All of the books employ social media teams whose jobs are to glamorize degen culture. And the AGA is involved as the professional turd polisher in the scheme.
@BillMillerAGA
Bill Miller
1 year
Despite a rash of cookie-cutter, click-bait “reporting” on legal sports betting in recent months, the reality is the industry is leading on responsibility—including in advertising. My piece in today’s @thehill addresses these lazy narratives:
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@halfkelly
Risk of Ruin Podcast
4 months
Thanks to all who have rated and reviewed. Very proud of nearly all 5 star ratings, across a few hundred ratings, on Apple and Spotify.
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@halfkelly
Risk of Ruin Podcast
1 year
When I started I figured the over/under was about 9 episodes. The most recent episode was #31 .
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@halfkelly
Risk of Ruin Podcast
8 months
This is the least surprising thing perhaps ever.
@NoLieWithBTC
No Lie with Brian Tyler Cohen
8 months
This is an incredible takedown that shows just how much of a fake grifter Vivek Ramaswamy is. It’s even crazier than you think. (@/DrivenProgressive on TikTok)
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@halfkelly
Risk of Ruin Podcast
1 year
Lol. Marc was like “yeah this is a zero” and I was like well let’s not be so hasty we’ll get something out of it. It dropped 90% the NEXT FUCKING WEEK!!!
@AlderLaneEggs
Marc Cohodes
1 year
@halfkelly We did this one in real time before the outcome was known.. A lot of fun and will let you all be the judge
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@halfkelly
Risk of Ruin Podcast
7 months
I might have some sympathy for Michael Lewis trying to stake out (what is now) a contrary opinion - except that the timing of the book gives away the whole thing. He’s releasing it before the trial. He has a chance to collect more data and he just doesn’t give a shit.
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@halfkelly
Risk of Ruin Podcast
7 months
Thanks to all who rated. New episode coming next week. Working title: You Can't Beat the Lottery*
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@halfkelly
Risk of Ruin Podcast
7 months
Sunrise from Portland, ME.
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@halfkelly
Risk of Ruin Podcast
2 months
I don't root against my shorts nearly as much as I root against former longs I sold out of.
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@halfkelly
Risk of Ruin Podcast
1 year
Average podcast episode gets 8500 downloads. Hope to keep improving that.
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@halfkelly
Risk of Ruin Podcast
1 month
Concerning
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@halfkelly
Risk of Ruin Podcast
1 year
Wong on Dice is an interesting book if for no other reason than as an exercise in critical thinking.
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