Danny Moses, host of the On The Tape podcast and market analysis expert, joins the conversation to discuss key market dynamics and the restructuring of RiskReversal Media. He shares insights from his recent chat with Michael Lewis on AI's economic impact, alongside the upcoming Core Weave IPO's significance for data centers. The trio delves into the current market landscape, exploring themes like volatility, credit spreads, and the psychology behind market cycles, emphasizing the critical shifts in trading philosophies and investment strategies.
37:51
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
question_answer ANECDOTE
Michael Lewis Interview
Danny Moses interviewed Michael Lewis for his podcast "On the Tape".
They discussed Lewis's work, including "Liar's Poker", "The Big Short", and his upcoming book on civil service.
insights INSIGHT
Market Volatility
Markets have seen moves in bond yields, commodities, currencies, and the VIX.
Volatility has returned and is expected to persist, impacting market conditions.
insights INSIGHT
Macro Factors
Macro factors suggest a slowing economy, potentially due to tariffs or other global changes.
Bitcoin's performance has been tied to market sentiment, while gold has begun to decouple.
Get the Snipd Podcast app to discover more snips from this episode
In *The Fifth Risk*, Michael Lewis delves into the Trump administration’s botched presidential transition, highlighting the consequences of willful ignorance and greed among its leaders. The book explores the critical services managed by the U.S. government, including ensuring food and drug safety, predicting extreme weather events, and tracking black market uranium. Lewis focuses on the Departments of Energy, Agriculture, and Commerce, revealing their often-overlooked roles and the dedicated employees who work within them. The title 'The Fifth Risk' refers to 'project management,' the unforeseen and long-term risks that only a vigilant and committed agency can forecast and prevent. Lewis's narrative is character-driven, featuring interviews with former federal staff members and historical context to illustrate the importance of effective government management and the dangers of short-term solutions[1][4][5].
Liar's poker
Michael Lewis
Liar's Poker is a non-fiction, semi-autobiographical book that details Michael Lewis's three-year tenure at Salomon Brothers, one of Wall Street's premier investment firms in the 1980s. The book provides a behind-the-scenes look at the culture of bond traders, highlighting the frat-boy camaraderie, killer instincts, and high-stakes games of bluffing and deception. Lewis describes the creation and use of mortgage bonds, the excessive bonuses, and the ruthless competition among traders. The narrative also touches on the author's disillusionment with the industry, leading to his resignation and transition into financial journalism.
Elon Musk
Tesla, SpaceX, and the Quest for a Fantastic Future
Ashlee Vance
This book is an authorized biography that delves into the life of Elon Musk, from his tumultuous childhood in South Africa to his rise as a visionary entrepreneur in Silicon Valley. Ashlee Vance captures Musk's journey through his various ventures, including PayPal, SpaceX, Tesla, and SolarCity. The book examines Musk's unique personality, his insatiable drive, and his ability to thrive through hardship. It also explores the broader context of American innovation and the challenges of global competition, positioning Musk as a contemporary amalgam of legendary inventors and industrialists like Thomas Edison, Henry Ford, and Steve Jobs.
Going Infinite
The Rise and Fall of a New Tycoon
Michael Lewis
In 'Going Infinite', Michael Lewis delves into the life of Sam Bankman-Fried, the enigmatic founder of the failed cryptocurrency exchange FTX. The book provides a psychological portrait and a financial roller-coaster ride, tracing Bankman-Fried's trajectory from becoming the world's youngest billionaire to his eventual downfall. It covers topics such as high-frequency trading, cryptocurrencies, effective altruism, and the justice system. Despite criticism for its sympathetic portrayal of Bankman-Fried, the book offers a fascinating insight into the complex world of cryptocurrencies and the character of its central figure.
Flash Boys
A Wall Street Revolt
Michael Lewis
In 'Flash Boys: A Wall Street Revolt', Michael Lewis delves into the world of high-frequency trading (HFT) and its corrupting influence on the U.S. stock market. The book follows a group of Wall Street iconoclasts, including Brad Katsuyama and Sergey Aleynikov, as they uncover and challenge the unethical practices of HFT firms. Lewis explains how these firms use advanced technology to front-run orders, creating a rigged market that benefits insiders at the expense of ordinary investors. The narrative is engaging and accessible, making complex financial concepts understandable for a broad audience. The book highlights the efforts of these individuals to reform the market and restore fairness, and it has had significant impact, including prompting investigations and public discussions about market structure and fairness[2][3][5].
Guy Adami and Dan Nathan welcome back Danny Moses from the On The Tape podcast to discuss his return and the restructuring of RiskReversal Media. The conversation covers a variety of topics, including the importance of actionable market analysis and longer-form discussions on prevailing themes. Danny shares insights from his recent interview with famed author Michael Lewis on civil services and the economic implications of AI technology, using the example of Nvidia and Microsoft. The trio also dive into current market conditions, volatility, tariffs, federal jobs, and the implications of credit spreads on the economy. A highlight is the analysis of the upcoming Core Weave IPO and its impact on the AI and data center markets. The episode concludes with an in-depth look at the psychology of market cycles and the potential for ongoing volatility in equity, fixed income, and crypto markets.
RiskReversal Pod 
