Lots More on What's Going On in Iran's Markets

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Odd Lots 27 min 6 speakers 4 chapters transcribed 1 month ago
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Scarlett Fu 0:00
Don't wait for headlines. Watch the news unfold in real time at Bloomberg's New Economy Forum, live from New Delhi, October 13th through the 15th, as global leaders come together to tackle the biggest issues shaping our future, from geopolitics and global trade, to technology and the world's new balance of power. You'll have a front row seat to the conversations that matter most. Watch live at Bloomberg New Economy. Economy dot com. That's Bloomberg New Economy dot com. Bloomberg Audio Studios Podcasts Radio News
Joe Weisenthal 0:37
Marciem.
Maciej Wojtal 0:39
Yes,
Scarlett Fu 0:41
anyway.
Maciej Wojtal 0:41
It's a typical Polish name and it's a difficult one and there is no English equivalent. My
Joe Weisenthal 0:46
mother speaks like nine languages. So and she was a linguist and she said she found Polish to be the hardest. Huh. And she even like speaks like some like she's learned like some Russian and some Malay and all this. Russian's
Tracy Alloway 0:58
supposed to be the hardest. And she said from a
Joe Weisenthal 1:00
pronunci pronunciation standpoint, she found Polish to be the hardest. Anyway. Yeah. I did a deadlift. I'm
Tracy Alloway 1:09
both the most popular trader and most successful trader at Citadel.
Joe Weisenthal 1:14
Fed is going viral.
Tracy Alloway 1:15
Uh barges.
Joe Weisenthal 1:16
This is an after school special, except
Tracy Alloway 1:18
I've decided I'm gonna base my entire personality going forward on campaigning for a strategic pork reserve in the US. Black gold! These are the the important questions. Is it robots taking over the world? Well no, I No, I see.
Joe Weisenthal 1:28
think that like in a couple of years the AI will do a really good job of making the Odlots podcast. One day that person will have the mandate of heaven.
Tracy Alloway 1:37
How do I get more popular and successful?
Joe Weisenthal 1:40
We do have the perfect guest. Welcome to Lots More, where we catch up with friends about what's going on right now.
Tracy Alloway 1:47
Because even when oddlots is over, there's always lots more.
Joe Weisenthal 1:52
And we really do have the perfect guest.
Tracy Alloway 1:57
One thing we have learned in all our episodes looking at the Iranian stock market, and there have been a couple. Yes. But one thing we've learned is that Iran is actually the 37th biggest economy in the world by nominal GDP. Can you guess like another economy that is roughly that size?
Joe Weisenthal 2:16
Oh, that's a really so what is roughly similar to the Iranian? I don't know. Go on.
Tracy Alloway 2:23
Okay. Well, one of them is Denmark. So you know, that's pretty big. But then when you start looking at things like geographical size, uh Iran is I think the seventeenth biggest country in the world by geographical size. It has a lot of people as well. So, you know, similar to Turkey in terms of population. I know you know
Joe Weisenthal 2:40
I know the population now.
Tracy Alloway 2:41
Oh do you? Well
Joe Weisenthal 2:43
Yeah, because Ted Cruz got stumped on it when he went on Tucker Carlson show. So we all know that Iran has a population of around ninety million. No one should have
Tracy Alloway 2:51
listened to oddlaws.
Joe Weisenthal 2:52
No one yeah, he should have no one is ever gonna make that mistake again in public.
Tracy Alloway 2:56
That should have been my first question.
Joe Weisenthal 2:57
Can I say something? When there's a geopolitical events happening in the world on a weekend when nothing is trading. So one that you can look at what crypto is doing. Yeah. But every once in a while when I'm in true market sicko mood, like I'll actually check like, Oh, what is the Saudi market doing on a Saturday? Or what is the Tel Aviv market doing on a Sunday? There are
Tracy Alloway 3:17
not sicko mode, that's just being international.
Joe Weisenthal 3:19
Well You're supposed to have the weekends to not be looking up, but most of the time they're not every point is every once in a while I'm like, Oh, I'm gonna check in and see how Tel Aviv is trading on a Sunday or something like that. That's how you know the current state. That's how you know something is happening.
Tracy Alloway 3:33
Yeah. But the one market that you can't really look up
Joe Weisenthal 3:36
That's right.
Tracy Alloway 3:36
Is Iran's stock market and the Tehran stock exchange specifically, which again, as we know from previous episodes, has more than 600 companies and is worth, I think it was almost a hundred billion dollars. I don't know if it's still that much, but I'm always really
Maciej Wojtal 3:51
around 150 billion dollars. 150. Oh wow.
Tracy Alloway 3:55
Okay, we're speaking with Matya Voital. He is CEO and CIO of Antilon Capital, which is an Amsterdam-based fund manager, which specializes in Iranian stocks.

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