Making Markets

Ritik Malhotra, co-founder and CEO of Savvy, is at the forefront of the wealth management revolution, helping financial advisors transition to independence. He discusses the challenges advisors face during this shift and how technology can streamline their practices. Ritik also highlights the influence of private equity in the industry and the rise of independent registered investment advisors (RIAs). His insights on building a supportive platform for advisors emphasize the growing trend towards flexibility and client engagement in financial services.

Darren Fisk, founder and CEO of Forum Investment Group, shares a fascinating journey from college football to real estate entrepreneur. He discusses the importance of resilience, drive, and the lessons transferred from sports to business. Insights into managing debt and the evolving landscape of commercial real estate are highlighted. Fisk addresses challenges in housing affordability, emphasizing innovative solutions and the impact of market dynamics on investment strategies. This candid conversation offers a unique perspective on navigating both personal and professional hurdles.

Charlie Shrem, a pioneering figure in the Bitcoin world and early member of the Bitcoin Foundation, shares his remarkable journey from a strict Orthodox upbringing to becoming a crypto trailblazer. He discusses Bitcoin's evolution from a niche hobby to a recognized store of value. Shrem opens up about his role in BitInstant and the legal challenges he faced, even recounting his unique meeting with Justin Trudeau through a robot. His experiences reflect the tumultuous yet transformative path of Bitcoin itself.

Zac Townsend, Co-founder and CEO of Meanwhile, is revolutionizing the insurance industry by integrating Bitcoin into life insurance reserves. He discusses the structural challenges in traditional insurance and how Bitcoin creates new opportunities for innovation. The conversation covers the differences between term and whole life policies, the principal-agent problem, and the importance of regulatory control in this evolving landscape. Townsend also shares insights on the future of decentralized finance and the optimism surrounding institutional adoption of Bitcoin.

In this discussion, market strategist Matt Bessent shares insights into the recent market turbulence with Eric Golden. They examine the unexpected volatility caused by tariff announcements and its effects on investor sentiment. The duo explores how geopolitical tensions impact market stability, while also revealing the intricate relationship between algorithmic trading and market fluctuations. Additionally, they explore Bitcoin's rising presence in investment portfolios alongside the Federal Reserve's challenges in navigating economic complexities.

Haseeb Qureshi, managing partner at Dragonfly Capital and former poker prodigy, shares his journey from the high-stakes poker world to becoming a cryptocurrency VC. He discusses the impact of the newly launched Bitcoin ETF on institutional investment and the evolving regulatory landscape affecting cryptocurrencies. Haseeb also delves into the importance of salary transparency in tech, the metrics redefining success for crypto founders, and the intricate dynamics of the crypto market. His insights blend humor and depth, making for a captivating conversation.

Sid Malladi, founder of Novo, is on a mission to revolutionize B2B trade through digital networking. He shares insights on the intricate challenges of onboarding and establishing trust in trade partnerships, particularly in industries like liquor distribution. The conversation delves into the impact of technology on supply chains, emphasizing risk alleviation and data accuracy. Malladi discusses the evolving landscape shaped by globalization, economic shocks, and the necessity for deeper, flexible trade relationships that can adapt to market dynamics.

In this engaging discussion, Robbie Cannon, founder of Horizon Investments, shares his expertise on the asset management world. He reflects on the industry's evolution over the past 25 years, highlighting the blurring lines between wealth and asset management. The conversation dives into the rise of robo-advisors, the challenges posed by private equity, and the transformative role of technology and AI. Robbie emphasizes how these shifts create both opportunities and obstacles for financial advisors, ultimately aiming to empower clients in today's complex financial landscape.

Daniel Dicker, a seasoned oil trader with over three decades at the NYMEX, delves into the evolving energy landscape. He discusses why oil has diminished in investor focus and identifies signals for its potential resurgence. Dicker critiques the current state of renewables, emphasizes the role of nuclear energy, and shares unexpected reasons that might lead him back to investing in oil. He also explores the impact of government policies and geopolitical factors on oil markets, providing a comprehensive view of today's energy challenges.

In this quarter's recap, major indices saw significant downturns, with the S&P down over 8% and Nasdaq 12.5%. Unexpected tariff policies triggered market unpredictability, deeply affecting investor sentiment. The bond market also reacted sharply, raising concerns about corporate earnings and economic growth. The complex U.S.-China relationship and fears of capital flight add layers of uncertainty. Discussions highlight the Fed's balancing act between combating inflation and fostering growth in this tumultuous climate.