Odd Lots Talks Beak Capitalism on Money Stuff Talking Chicken
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What is the Beak Capitalism series and why did Odd Lots join Money Stuff?
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Hello, Odlots listeners. We have something very special for you. Joe and I appeared on an episode of Bloomberg's latest podcast. It's called Money Stuff, and it is hosted by two people that I think you will recognize from Odlots, Matt Levine, the uh esteemed financial columnist and chronicler of capitalism, as well as Katie Greifeld, who knows all things ETFs and horses. as well. And Joe and I were there to talk about chicken.
That's right. So, uh, if you recall, back in November, Tracy and I released a three part series called Squawk Lots, where we explained how the US economy can be understood through the lens of chicken, basingly basically taking the entire industry from a egg to sandwich, so to speak. And so we were delighted to go on with uh Mad and Katie and talk about our work.
Technically it was called beat capitalism. Oh, that's right. But Squawlots was our code name for the case. That's right, it was called Beat
Capitalism. That's right. All right. It's been a long time.
Yes, it has. Okay, so uh we hope you enjoy this special episode of Money Stuff and definitely give it a listen.
Bloomberg Audio Studios. Podcasts, radio, news.
Hello and welcome to a very special crossover episode of the Money Stuff Slash Odlots Podcasts. I'm Matt Levine and I write the Money Stuff Colum for Bloomberg Opinion.
And I'm Katie Greifeld, a reporter for Bloomberg News and an anchor for Bloomberg Television.
And we have two very special guests in the studio with us today, Katie.
Their names. Are Joe Wiesenthal and Tracy Alloway.
Wow.
This is very exciting. I I like the pause to build suspense, Kate. I've been told to pause and then say names slowly for Gravitas. So it's working. It
worked? Yeah, it worked. It worked. All
right. We've established some gravitas.
For what it's worth, Tracy and I like spent three years of odd lots workshopping ways to introduce guests and I know we're only the second time you've had external guests. So don't feel any My heart is pounded. Don't feel any anxiety about the guest. Do you remember how we used to do it, Tracy?
Yeah, we used to pretend that neither of us or one of us didn't know what we were gonna talk about. And it was like, guess what we're gonna talk about? But it didn't make any sense because like we clearly knew what we were gonna talk about. So It took
us a while.
How are we doing so far? Because I feel like it's not going super well. It's going fine.
What are we gonna talk about? What
someone should make a clock in the us here. Let's talk about chickens. You guys obviously have a lot to say. You did a three part series on chickens recently, which was pretty cool because I feel like this was something different for you guys.
Yeah, every once in a while we like to shake things up and do something slightly different. Last year we actually did a three part series on the rollout of New York's legal marijuana um market called Potlots. This one was a three part series about chicken and the code name for it was Squawk Lots. But the actual name was Beat Capitalism and the idea was You can actually explain a lot of really interesting themes in the American economy through the medium of chicken.
Yeah. You just think from like egg to chicken sandwich or egg to chicken tender. Or egg to make nugget. I mean
speak for yourself. Uh
there are just so many interest like the sort of premise is there are just so many really interesting things that can be discussed along that entire supply chain. So whether it's avian flu and how to keep the flock of the birds, whether it's concentration in the poultry market, whether it's the nature of the labor market, how the big poultry companies contract with independent growers and so forth throughout raise
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Chapters
4 chapters
1
What is the Beak Capitalism series and why did Odd Lots join Money Stuff?
0:00–5:24
2
How did the hosts introduce the chicken‑focused “Beat Capitalism” series?
5:24–15:35
3
Why does Ray Dalio claim to have helped create the chicken McNugget?
15:35–31:40
4
What does the “chicken as Uber” model reveal about the industry’s supply chain?
31:40–40:38
Speakers
8 identifiedMore from Odd Lots
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