The Compound and Friends

Joe Davis, Vanguard's Global Chief Economist, shares insights on the intersection of AI and rising debt, highlighting their potential impact on productivity and economic challenges. He discusses NVIDIA's impressive market valuation and forecasts for tech IPOs, while emphasizing the importance of risk management in uncertain times. Aaron Dillon, an IPO expert, joins to explore recent successes in the tech IPO market, including strategic moves from firms like CoreWeave and innovative trends such as tokenized shares, all set against the backdrop of a weakening U.S. dollar.

Cole Wilcox, the Founder and CEO of Longboard Asset Management, shares his expertise in alternative investment strategies. The discussion dives into the art of trend following and the psychological biases that challenge investors. Cole emphasizes the impact of technology on investment decisions and highlights how younger generations are adapting to market dynamics with resilience. Additionally, they explore the importance of systematic approaches for decision-making and managing risks in volatile environments.

In a lively discussion, Ric Edelman, founder of Edelman Financial Engines and digital assets expert, delves into the evolution of cryptocurrency investment strategies. He highlights the importance of adapting traditional portfolios with Bitcoin and stablecoins amidst changing financial landscapes. Ric also explores how cryptocurrency can benefit marginalized communities while urging advisors to embrace transparency. Additionally, he addresses the recent complexities in health tech and consumer behavior, including efforts to navigate shortages and the rise of online pharmacies.

Matt Cerminaro, co-founder of Exhibit A, and Todd Sohn, ETF strategist at Strategas, dive into the nuances of today's market landscape. They tackle the Fed's challenges with inflation and employment, explore the decline of defensive stocks, and discuss the evolving role of technology in investing. The duo sheds light on innovations like leveraged ETFs, the significant role of Apple in the S&P 500, and the psychological factors influencing market recoveries. Their insights invite listeners to rethink traditional investment strategies amidst shifting dynamics.

Dive into the intriguing impact of Middle Eastern conflicts on oil prices and the controversial world of congressional stock trading. Discover how tech giants like NVIDIA and Microsoft shape market sentiments amid geopolitical noise. The conversation flows into the rising importance of cryptocurrency, especially with Grayscale's influence. Plus, explore the latest developments in AI stock trading, OpenAI's transition to a for-profit model, and Amazon's underestimated growth potential. It's a rollercoaster of insights you won't want to miss!

Steve Eisman, renowned investor and host of The Real Eisman Playbook, shares insights on economic trends and his experiences predicting the financial crisis. He dives into the current U.S.-China trade tensions and their impacts on major corporations like Apple. The discussion covers the effects of factors such as tariffs, 'sneakflation', and the balance of power in the financial sector, all while reflecting on broader implications for investors. Eisman's sharp observations make the complex dynamics of today’s markets both engaging and enlightening.

Nick Colas and Jessica Rabe, co-founders of DataTrek Research, dive into the tech market's latest earnings and insights from Mary Meeker's work on AI. They examine the valuations of the S&P 500 amidst economic changes and the need for cautious earnings projections. Historical trends remind us of past peaks, while they discuss Tesla's stock volatility and its resilient shareholders. The duo also highlights youth trends in investing, the shift towards subscription models for financial predictability, and the growing role of AI in various sectors.

Ben Carlson, Head of Institutional Asset Management at Ritholtz Wealth and author of A Wealth of Common Sense, joins Callie Cox, Chief Strategist at Ritholtz Wealth, and Kunal Kapoor, CEO of Morningstar. They tackle market surprises of 2025, the implications of government spending, and recession risks. Kunal dives deep into how AI is revolutionizing finance and the growth of active ETFs. The discussion also hints at trends affecting consumer spending, investment behaviors, and the evolving landscape of private markets.

Jens Nordvig, Founder and CEO of Exante Data, dives into the current market climate with insightful analysis. He discusses the pivotal role of jobless claims as indicators of economic shifts that could rock the stock market. The conversation also touches on the impact of tariffs on consumer behavior and retail performance. Nordvig explores the decline in foreign tourism and its economic consequences, alongside the dollar's fluctuating status as a reserve currency. His deep dive into market trends showcases the complexities of today's financial landscape.

Dive into the waves of market volatility as experts analyze recent corrections and the surprising resilience of ETFs amidst tariff fears. Discover how younger investors are navigating these dynamics with aggressive purchases. The podcast also explores the evolving landscape of stablecoins like USDC, their role in cryptocurrency transactions, and competition with Tether. Lastly, they dissect the IPO landscape, touching on tech giant Apple's challenges and emerging opportunities in AI, sparking thought-provoking discussions about investment strategies for the modern age.