Money Stuff: The Podcast
Episodes
Bag of Snakes
01 May 2026
Contributed by Lukas
Katie and Matt discuss the downsides of home ownership, hedge fund managers who had a somewhat disappointing week, Pershing Square USA, the physics of...
Economic Animals
24 Apr 2026
Contributed by Lukas
Katie and Matt discuss bringing children to work, the weather in one corner of Charles de Gaulle airport, an infinite surface for market manipulation,...
Hour of Slurping
17 Apr 2026
Contributed by Lukas
Katie and Matt discuss the weather, NewBird AI, Long Blockchain, floating-strike convertible financing, meme AI diversification, dot AI, the meme ETF,...
Humiliation Ritual
10 Apr 2026
Contributed by Lukas
Katie and Matt discuss Satoshi Nakamoto, spotting liars, Katie being a witch, Bill Ackman doing stuff, Universal Music Group, SPARCs, asymmetric deriv...
Also Sticky
27 Mar 2026
Contributed by Lukas
Katie and Matt discuss conferences, baby names, private credit redemption requests, liquidity confusion, private credit inflows, Larry Fink’s an...
Boaz Weinstein
19 Mar 2026
Contributed by Lukas
Matt and Katie talk to Boaz Weinstein of Saba Capital Management about his tenders for OBDC II and SREIT, semi-liquid fund liquidity, reflexivity, the...
Man Not Bird
13 Mar 2026
Contributed by Lukas
Katie and Matt discuss high school quiz bowl, Bill Ackman’s closed-end fund again, the rich history of CEFs trading at a discount, economically ...
Perhaps a Ballroom
06 Mar 2026
Contributed by Lukas
Katie and Matt discuss a legendary lost Money Stuff podcast episode, Paramount buying Warner Bros., rights offereings, LBO risks, deal discipline, bre...
Re-Run: Cliff Asness
13 Feb 2026
Contributed by Lukas
Matt and Katie are on vacation! There will be a new episode of Money Stuff in your feeds on March 6th. In this episode from June 2025, Matt and ...
Impaled on the Obelisk
06 Feb 2026
Contributed by Lukas
Katie and Matt discuss the SpaceX/xAI merger, the Kardashev scale, Twitter debt, index fast-tracking, people not being worried about SpaceX liquidity,...
Elevated Shepherd's Pie
30 Jan 2026
Contributed by Lukas
Katie and Matt discuss Morgan’s Pub, SpaceX/xAI merger talks, a $1.5 trillion valuation for Twitter, astrology, numerology, the Year of the Hors...
An OK Horse
23 Jan 2026
Contributed by Lukas
Katie and Matt discuss the weather, Jamie Dimon’s whereabouts, Guinness latte art at the JPMorgan pub, debanking, memecoin logic, Gas Town, hors...
Key Beast Risk: BMNR, 10%, OLMA
16 Jan 2026
Contributed by Lukas
Katie and Matt discuss Beast Industries, immersion in cool liquids, crypto treasury pivots, credit card rate caps, PowerPoint tips and drug trial insi...
Embarrassment of Something: IQ, PE, BX
09 Jan 2026
Contributed by Lukas
Katie and Matt discuss Wyclef Jean, the backlash against proxy advisers, AI proxy voting, writing proxies for LLMs, things that annoy Jamie Dimon, pri...
Horse Pilates: A Mailbag Episode
02 Jan 2026
Contributed by Lukas
Katie and Matt answer listener questions about performative earnings calls, hedge funds as a calling, favorite quotes, proxy advisers, ETF mechanics, ...
Good Game: WBD, Tricolor, TAE
19 Dec 2025
Contributed by Lukas
Katie and Matt do not discuss themes for 2026 but do discuss closing certainty in merger agreements, revocable trusts, personal guarantees, doing deal...
Best and Final: WBD, IPO, BNPL
12 Dec 2025
Contributed by Lukas
Katie and Matt discuss the Warner Bros. bidding war, negotiating against yourself, having your dad buy companies for you, Bleenberg, breakup fees, tri...
Flying High in Bird Heaven: MSTR, PSUS, ETF
05 Dec 2025
Contributed by Lukas
Matt and Katie discuss corporate holiday parties, shareholder meetings, the Strategy narrative arc, Strategy's dollar reserve, an ouroboros of newslet...
Re-run: Gappy Paleologo
28 Nov 2025
Contributed by Lukas
In an episode from July, Katie and Matt talk with Gappy Paleologo of Balyasny Asset Management about gardening leave, what makes a good quant research...
Bat Tat: Labubu, OBDC, Frank
21 Nov 2025
Contributed by Lukas
Katie and Matt discuss Batman, Labubu binary options, sneaker manipulation, publicly traded private credit, OBDC, OBDC II, private credit marks, Frank...
Mouth Noises: 50y, ISS, HF
14 Nov 2025
Contributed by Lukas
Katie and Matt discuss ASMR, 50-year mortgages, Fannie and Freddie, housing as a positional good, indentured servitude, assumable and/or portable mort...
Fat Wallet: Tariffs, Mergers, Brands
07 Nov 2025
Contributed by Lukas
Katie and Matt discuss tariffs, skeptical questions, nondelegation, major questions, reimbursement, the Metsera deal, amylin targeting, Sam Bankman-Fr...
Kinda Spooky: META, AI, TSLA
31 Oct 2025
Contributed by Lukas
Katie and Matt discuss Halloween costumes, AI capital spending, hybrid financing, K-cup JVs, investment grade private credit, the metaverse (?!?), the...
Indoor Cat: JPM, AI, 777
24 Oct 2025
Contributed by Lukas
Katie and Matt discuss JPMorgan’s new headquarters, in-office pubs, in-office gyms, the JPMorgan District, specialist fine-tuning of AI models, ...
No Nap Rooms: Credit, Peace, 24X
17 Oct 2025
Contributed by Lukas
Katie and Matt discuss late-cycle credit accidents, dancing while the music plays, banks vs. private credit, the Nobel Peace Prize, institutional-grad...
How the Snakes Dies: ICE, AMD, ARKK
10 Oct 2025
Contributed by Lukas
Katie and Matt discuss finance book parties, the ICE/Polymarket deal, understanding and pricing the future, the Grossman-Stiglitz paradox, prediction-...
Loads of Vultures: Funds, Agents, Bets
03 Oct 2025
Contributed by Lukas
Matt and Katie discuss multistrategy hedge funds, talent sieves, agents vs. headhunters, hedge fund managers' sense of their market value, agents for ...
This Is Weird: A Mailbag Episode
26 Sep 2025
Contributed by Lukas
Matt and Katie discuss reader mail about tungsten cubes, monthly financial reporting, long-term levered ETFs, the shrinking public markets, betting on...
Chaos Factor: ARKF, 10Q, 10%
19 Sep 2025
Contributed by Lukas
Matt and Katie discuss ARK heartbeat (?) trades, IPO allocations, ETFs as widgets, quarterly earnings, barriers to going public, structured notes, ins...
A Wounded Lion or a Beaten Mule: HF, TSLA, FOTSBA
12 Sep 2025
Contributed by Lukas
Katie and Matt discuss the career advantages of losing a billion dollars, wounded lions, hedge fund comp structures and stock prices, Elon Musk’...
Voluntary Nudge Nudge: IEEPA, TROW, FX
05 Sep 2025
Contributed by Lukas
Katie and Matt discuss the taxation power, IEEPA, tariff refunds, government revenue sharing, voluntary tariffs, alternative/traditional asset ma...
Cool and Fun for Capital Markets Nerds: Tayvis, MSTR, IPO
29 Aug 2025
Contributed by Lukas
Katie and Matt discuss Taylor Swift, dating podcasters, the betting markets/financial markets convergence, commodity insider trading, a magical money ...
Dinosaur Bone Treasury Company: A Mailbag Episode
15 Aug 2025
Contributed by Lukas
Katie and Matt discuss reader questions about Blooming Onion futures, IPO pops, alternative treasury companies, sports bar hedging, no-penalty CDs, sp...
Tellers in Dallas: TSLA, FD, PE
08 Aug 2025
Contributed by Lukas
Katie and Matt discuss Matt's vacation plans, Elon Musk's propensity to ruin them, Musk's new good-faith payment from Tesla, his work schedule, Tesla ...
Matt Levine Ripped My Face Off: CEF, FX, A
01 Aug 2025
Contributed by Lukas
Katie and Matt discuss retail private assets, offsetting unicorn closed-end funds, Matt’s infrequent trading in his personal account, FX derivat...
Relevant Markets Content: KSS, 351, QQQ
25 Jul 2025
Contributed by Lukas
Katie and Matt discuss bird gender reveal parties, meme stocks, short squeezes, AI as a distillation of human wisdom, dispersion trades, ETF tax effic...
Horse Barn: HVAC, Windsurf, Vanguard
18 Jul 2025
Contributed by Lukas
Katie and Matt discuss search funds, post-MBA career paths, Katie’s future in horse barn ownership, search-fund flips, the Windsurf quasi-acqui-...
Sports: India, TSLA, Kalshi
11 Jul 2025
Contributed by Lukas
Katie and Matt talk about dreams, Jane Street's Indian options trade, XAI, Tesla governance, sports gambling and prediction markets.See omnystudio.com...
Gappy Paleologo
04 Jul 2025
Contributed by Lukas
Katie and Matt talk with Gappy Paleologo of Balyasny Asset Management about gardening leave, what makes a good quant researcher, factor models, the so...
Catastrophe in the Name: ETF, Trades, AI
27 Jun 2025
Contributed by Lukas
Matt and Katie discuss Boomer-candy ETFs, autocallables, private-credit trading, volatility laundering and Mark Zuckerberg's hiring spree.See omnystud...
Cliff Asness
20 Jun 2025
Contributed by Lukas
Matt and Katie talk with their guest, Cliff Asness of AQR, about momentum, meme stocks, value, market timing, publishing, academics, explaining factor...
Smack-ish: MSTR, PE, MFT
13 Jun 2025
Contributed by Lukas
Matt and Katie discuss the Michael Saylor vs. Jim Chanos debate, financial gibberish, the mid-2000s federal clerkship hiring plan, private equity recr...
Learn to Perch: WFC, BBB, TOPS
06 Jun 2025
Contributed by Lukas
Katie and Matt discuss Wells Fargo’s asset cap, credit ratings conflicts of interest, private credit controversies in the insurance business, wh...
What Growing Starlings Need: USCIT, GSEs, SBET
30 May 2025
Contributed by Lukas
Katie and Matt discuss Katie’s new bird, the legality of tariffs, the TACO trade, rooting for the nondelegation doctrine, implicit guarantees, t...
Midnight Madness: Ryan Patch and Jon Seale
23 May 2025
Contributed by Lukas
Katie and Matt talk with Ryan Patch and Jon Seale of Great Gotham Challenge about building puzzle hunts for the hedge fund manager who has everything....
Full of Mirth: 401(k), Clubs, TSLA
16 May 2025
Contributed by Lukas
Matt and Katie discuss leveraging up your 401(k), everyone's love for putting private credit into retirement accounts, mortgages versus margin loans, ...
A Broad Church: BRK/A, OpenAI, Medicaid
09 May 2025
Contributed by Lukas
Katie and Matt discuss Warren Buffett's retirement, his successor at Berkshire Hathaway, his other successor (Bill Ackman), OpenAI's restructuring, Sa...
Visionary Kibbitzer: TSLA, X, KKR
02 May 2025
Contributed by Lukas
Matt and Katie talk about what Tesla is, splitting the roles of CEO and Technoking, the Musk attention auction, the benefits of not paying attention t...
Reptile Brain: ???, GS, XXI
25 Apr 2025
Contributed by Lukas
Matt and Katie talk general craziness, tariffs, Jerome Powell, volatility and predictability, plus Goldman pay, alts managers versus banks, Twenty One...
One Horse at a Time: A Mailbag Episode
18 Apr 2025
Contributed by Lukas
Matt and Katie answer reader questions about law firm IPOs, cyber horses, private credit marketplaces, S&P 500 basis ETFs, the option value of per...
Awkward Pauses: Tariffs, Basis, Leverage
11 Apr 2025
Contributed by Lukas
Matt and Katie discuss fake tariff tweets, real tariff Truths, swaps, futures, basis trades and and ETF for shorting leveraged ETFs.See omnystudio.com...
Finders Keepers: IPO, XAI, Subs
04 Apr 2025
Contributed by Lukas
Matt and Katie do not discuss tariffs but do discuss meme stock mini-IPOs, the stablecoin business, adult custodians of T-bills, booping some Circle c...
Land Rich: EDR, KKR, SPAX.PVT
28 Mar 2025
Contributed by Lukas
Katie and Matt discuss the Endeavor deal, Carl Icahn, dodging brokers' phone calls, strategic holdings, a baby Berkshire boom, Katie's contact lens re...
Unbundled Advice: A Mailbag Episode
21 Mar 2025
Contributed by Lukas
Matt and Katie answer reader questions about the quality of cocoa beans, who picks the loans in private credit ETFs, whether everything is stupid now,...
American Dream: EDR, BIS, PILOT
14 Mar 2025
Contributed by Lukas
Katie and Matt discuss appraisal arbitrage, fighting and wrestling, official worries about private credit liquidity and indoor skiing in New Jersey.Se...
Audible Frustration: C, ME, ETF
07 Mar 2025
Contributed by Lukas
Matt and Katie discuss Citigroup's fat fingers and confusing computer screen, 23andMe's troubles, serial-killer cousins, ETF sales practices and takin...
Funny Business Is My Business: PRIV, HHH, WARS
28 Feb 2025
Contributed by Lukas
Katie and Matt discuss Apollo and State Street's private credit exchange-traded fund launch, Bill Ackman's efforts to build his own Berkshire Hathaway...
Bespokeness: AI, Passthrough, UST
14 Feb 2025
Contributed by Lukas
Katie and Matt discuss the fighting over OpenAI, paying for hedge funds' photocopies, whether hedge funds are worth it or you should just buy buffer E...
Another Great Convergence: 7bps, APO, HOOD
07 Feb 2025
Contributed by Lukas
Katie and Matt discuss Vanguard's big mutual fund fee cut, plans for private credit trading and the one glorious day when you could bet on the Pro Foo...
A Lineless World: AI, X, Darkness
31 Jan 2025
Contributed by Lukas
Katie and Matt discuss the DeepSeek shock, AI and GDP, Elon Musk's X buyout debt, trading in the dark and double levered Melaniacoin ETFs.See omnystud...
Messing With Models: Vanguard, Buffers, Two Sigma
24 Jan 2025
Contributed by Lukas
Katie and Matt discuss a Vanguard tax oopsie, buffered Bitcoin ETFs, crypto utility, and a hedge fund model calibration oopsie.See omnystudio.com/list...
Plant Some Petunias: Hindenburg, 360, ESG
17 Jan 2025
Contributed by Lukas
Matt and Katie discuss how hard it is to make money as a short-focused researcher, how not to get the best rate on a savings account, and whether ESG ...
Sick and Aging Trees: GSE, MBA, ICE
10 Jan 2025
Contributed by Lukas
Katie and Matt discuss the return of the Fannie Mae and Freddie Mac trade, a business school class project that came true in real life, and taking coc...
Unfeasibly Tanned for This Time of Year: A Mailbag Episode
03 Jan 2025
Contributed by Lukas
Katie and Matt answer reader questions about their paths into the world of finance, goth closing bell ceremonies, government insider trading, buying s...
Half Backronym: PISCES, ACI, MSTR
20 Dec 2024
Contributed by Lukas
Katie and Matt discuss insider trading in private companies, the process of generating financial acronyms, supermarket antitrust, the grand reopening ...
Thin Gruel: Tetrahedron, Target, Firing
13 Dec 2024
Contributed by Lukas
Katie and Matt talk about levels of financial celebrity, The Onion's efforts to buy Infowars out of bankruptcy, whether DEI is securities fraud, and c...
Good Conspiracy: ESG, Assemblies, HPS
06 Dec 2024
Contributed by Lukas
Katie and Matt discuss whether index funds are illegal, whether ESG investing leads to cartel-like profits, whether jury duty for index fund investors...
Chickenization: An Odd Lots Crossover
29 Nov 2024
Contributed by Lukas
Katie and Matt sit down with Tracy Alloway and Joe Weisenthal, hosts of the Odd Lots podcast, to discuss their new series on the chicken industry, Ray...
Perpetual Motion Machine: Adani, MSTR, OSTK
22 Nov 2024
Contributed by Lukas
Matt and Katie discuss the Adani bribery charges, the future of FCPA enforcement, MicroStrategy's Bitcoin strategy and the technology and legality of ...
Generous Portion: FTC, CMG, ETF
15 Nov 2024
Contributed by Lukas
Matt and Katie talk about merger arbitrage, affordable luxury handbags, burrito bowl sizing, securities fraud and double Warren Buffett. Become a Bloo...
Garlic Cartel: Markets, Credit, Code
08 Nov 2024
Contributed by Lukas
Matt and Katie discuss the price of garlic, anticompetitive price disclosure, the private credit gold rush and (allegedly) downloading quant models an...
Public Breakups: Polymarket, Taxes, SMCI
01 Nov 2024
Contributed by Lukas
Katie and Matt talk on Halloween about what election market prices might mean, how to defer taxes and Super Micro's auditors resigning in a huff.See o...
Some Cigarettes: Accreditation, Memes, Naughty ESG
25 Oct 2024
Contributed by Lukas
Katie and Matt discuss taking tests to buy risky investments, growing up from meme stocks to boring retirement investing, and what happens when ESG fu...
John Collison
18 Oct 2024
Contributed by Lukas
Matt and Katie talk with their first guest, John Collison, the co-founder and president of Stripe, about the financial services business, why payments...
Technically a Horse: ETF, ETF, ETF
11 Oct 2024
Contributed by Lukas
Katie and Matt discuss large ponies, small horses, puzzle hunts, portfolio trading, Jane Street’s lack of a CEO, tax deferral, covered calls and yie...
Men's Haircuts: SATS, FLUT, APO
04 Oct 2024
Contributed by Lukas
Katie and Matt discuss bond haircuts, literal haircuts, sports gambling, single-stock 0dte gambling and private assets in retirement accounts.See omny...
Money Has No Meaning: OpenAI, AIWB, WWJD
27 Sep 2024
Contributed by Lukas
Katie and Matt discuss nonprofits, capped-profits, for-profits, chatbot brokers, chatbot ETFs and biblically responsible investing. See omnystudio.co...
Modular Cat Trees: A Mailbag Episode
20 Sep 2024
Contributed by Lukas
Katie and Matt answer reader questions about private markets being the new public markets, SEC fines, writing big stories, Icahn/Ackman activism, anti...
Calm Knuckles: SEC, ETF, SPOT
13 Sep 2024
Contributed by Lukas
Katie and Matt discuss SEC cell phone location data, private credit ETFs, and having robots make fake songs for the streaming revenue.See omnystudio.c...
Fruitcakes and Nutcases: ETF, ATIC, DJT
06 Sep 2024
Contributed by Lukas
Katie and Matt discuss single-stock leveraged ETFs, insurance for taxis and Florida real estate, the Trump Media lockup, and whether there are more re...
Pick Up the Phone: Shorts, PSUS, BLS
30 Aug 2024
Contributed by Lukas
Katie and Matt discuss short selling disclaimers, how to sell a closed-end fund and calling up the government to get payroll revisions.See omnystudio....
Hurt People Hurt People: SBUX, LMEs, BofA
16 Aug 2024
Contributed by Lukas
A between-vacations episode in which Katie and Matt discuss Starbucks's new CEO, the capital solutions business, banking hours and being a horse.See o...
Guy on Twitter: PSUS, Left, ETFs
02 Aug 2024
Contributed by Lukas
Matt and Katie discuss Pershing Square USA's IPO, Citron Research's short-and-distort charges, bond market liquidity, and Katie's trip to Paris to wat...
All the Biggest Tombstones: M&A, ETF, Mailbag
26 Jul 2024
Contributed by Lukas
Katie and Matt discuss fees for mergers and acquisitions, private assets in ETFs, liquidity mismatches, and reader questions about asset-manager parti...
Don’t Hate the Player: DJT, Bets, Funds
19 Jul 2024
Contributed by Lukas
Katie and Matt discuss Trump Media’s stock sale, people who are too good at sports betting and stock trading, and single-stock private funds. See o...
Blood Farming: Purdue Pharma, empty voting and frozen heads
12 Jul 2024
Contributed by Lukas
Katie and Matt discuss nonconsensual third-party releases, what comes next for the Oxycontin bankruptcy, empty voting in proxy fights, and writing you...
Just Keep Bidding: MMTLP, PE, ETFs
28 Jun 2024
Contributed by Lukas
Katie and Matt discuss short squeezes past, present and future, interviewing for private equity jobs two years in advance, and how if you want to own ...
Xs and Os: Trader U, VORB, QXO
21 Jun 2024
Contributed by Lukas
Katie and Matt discuss auditing classes at portfolio manager school, getting on television by pretending to buy public companies, and how to make a fe...
Uncatchable Mouse Jigglers: TSLA, PARA, WFC WFH
14 Jun 2024
Contributed by Lukas
Matt and Katie discuss Elon's big payday (maybe), Paramount's lost deal and Wells Fargo's vice president of screen monitoring.See omnystudio.com/liste...
Equities in Secaucus: TXSE, PSUS, GME
07 Jun 2024
Contributed by Lukas
Matt and Katie discuss a new stock exchange in Texas (and also New Jersey), Bill Ackman's multiple public offerings and what Roaring Kitty is up to.Se...
T+Lunchtime: Settlement, Musk, Hwang
31 May 2024
Contributed by Lukas
Matt and Katie discuss the move to T+1 stock settlement, Elon Musk's pay vote, Bill Hwang's trial and a fat finger trade.See omnystudio.com/listener f...
Bad Monday: Shrimp, Fingers, Brains
24 May 2024
Contributed by Lukas
Matt and Katie discuss Red Lobster's shrimpy bankruptcy, Citi's software design and unconscious investing.See omnystudio.com/listener for privacy info...
Bets Are Off: DFV, BUIDL, CFTC
17 May 2024
Contributed by Lukas
Katie and Matt discuss the return of meme stocks, a money market fund on the blockchain, events contracts and whether the Oscars are rigged.See omnyst...
Fun Shiny Object: FTX, Public, ETFs
10 May 2024
Contributed by Lukas
Katie and Matt talk about the FTX bankruptcy, public versus private markets, single-stock ETFs and floating on pudding.See omnystudio.com/listener for...
Money Failed!: Death bets, Paramount and Archegos
03 May 2024
Contributed by Lukas
Katie and Matt discuss life insurance, murder, the Paramount merger limbo, Bill Hwang's case, how much an ounce of gold weighs, buying a bank with a c...
Goblin Hours: 24/7, FTC, Gold
26 Apr 2024
Contributed by Lukas
Katie and Matt discuss waking up at 3 a.m. to trade stocks, the possible end of gardening leave, and buying gold at Costco with your credit card.See o...
[Beeeep] $: Elon, Jane Street, Hunterbrook
19 Apr 2024
Contributed by Lukas
Matt and Katie discuss Elon Musk's pay package, trading trade secrets, the joys and perils of gardening leave, a hedge fund that is also a newspaper, ...
Law is Law: DXYZ, MNGO, BLS
12 Apr 2024
Contributed by Lukas
For their very first episode, Katie and Matt discuss a hot fund for private stocks, a clever/illegal DeFi trade and super users of government data. Al...
Introducing: Money Stuff: The Podcast
27 Mar 2024
Contributed by Lukas
Matt Levine and Katie Greifeld talk Wall Street, finance, and other stuff.See omnystudio.com/listener for privacy information.