Toby Nangle, a former fund manager and FT contributing editor with deep insights into finance, joins to discuss the U.S. government's substantial bitcoin holdings, confiscated from illegal operations. They explore Senator Lummis's proposal for a national strategic reserve of crypto and the implications this could have on the financial system. The conversation touches on bitcoin's speculative nature, its capped supply, and the historical parallels with financial bubbles. Plus, they lighten the mood by sharing festive favorites and whimsical wishes.

Toby Nangle, an economics commentator and former head of global asset allocation at Columbia Threadneedle, discusses the unprecedented volatility in UK financial markets. He breaks down the massive shifts in government bonds following a controversial mini-budget, and the subsequent Bank of England intervention. The conversation highlights how pension accounting practices contributed to this chaos, revealing insights into market dynamics and liquidity challenges that could shape future investment strategies.

Toby Nangle, a former asset manager and current journalist at the FT, delves into the murky ethics of investing for authoritarian regimes. He shares his journey from finance to journalism after grappling with moral dilemmas surrounding human rights abuses in sovereign wealth funds. The conversation highlights the tension between profit and personal values, stressing the need for ethical engagement in investment practices. Nangle also reflects on the political implications of these investments, like how they can serve dual economic and political goals.

Toby Nangle, an independent analyst, discusses how higher yields are changing asset allocation strategies, specifically in UK pensions. He explores the impact of political events and market movements on UK assets and the pound, offering insights on optimizing investments and navigating the evolving investment landscape.

Toby Nangle, FT contributor and former fund manager, discusses the impact of including stocks in indexes like Tesla in the S&P 500, and countries in global indices. They also explore the transition from active to passive investing, governance in tracking indexes, and discuss regulatory calls and investment strategies.