Patrick Boyle On Finance
Patrick Boyle
This podcast is all about quantitative finance and financial history. Subscribe to hear about financial markets, derivatives, and how investors use quantitative tools from statistics and corporate finance theory. Included are interviews with some of the most interesting thinkers in finance. Occasional longer form financial documentaries, open up fascinating elements of financial markets history. Patrick Boyle is a quantitative hedge fund manager, a university professor, and a former investment banker. To contact Patrick visit http://onfinance.org Find Patrick on YouTube at: https://www.youtube.com/c/PatrickBoyleOnFinance DISCLAIMER:This podcast is not affiliated with any financial institution. The information provided is for entertainment purposes only and does not constitute financial advice. Those seeking investment advice should seek out a registered professional in their home jurisdiction and confirm their credentials on your national regulator's website. Patrick Boyle is not responsible for any investment actions taken by viewers and his content should not be used as a basis for investment or other financial decisions.
Episodes
Mentioned books
15 snips
Nov 10, 2025 • 31min
Elon Musk's Anti Woke Encyclopedia
Elon Musk aims to create Grokopedia, an AI-driven encyclopedia that claims to deliver the "truth." The podcast explores the clash between its algorithmic certainty and Wikipedia's transparency. Patrick discusses Musk's evolving views on Wikipedia and how Grokopedia often mirrors its content. Bias in both systems is dissected, revealing LLMs’ tendencies that can distort political narratives. The show humorously critiques Musk's vision of an orbital time capsule for knowledge, questioning the value of static versus dynamic information sources.
12 snips
Nov 3, 2025 • 28min
China’s Rare Earth Chokehold!
Delve into China's grip on rare earth elements and how it shapes global politics. Discover why these materials are essential for tech, from electric vehicles to military systems. Explore the history of the Mountain Pass mine and the U.S. decline in production. Learn about China's strategic export licensing and its geopolitical leverage despite modest revenue. Hear about domestic and international responses to potential supply shocks, including recycling efforts and shifts in industrial policy. The truce between the U.S. and China may be temporary, but tensions linger.
28 snips
Oct 26, 2025 • 24min
Is AI’s Circular Financing Inflating a Bubble?
The AI landscape is embroiled in a web of circular financing, as titans like OpenAI, Nvidia, and Amazon engage in complex deals. These relationships raise critical questions about funding, energy needs, and potential systemic risks. Patrick uncovers the tangled network of investments, highlighting concerns over stranded assets and the reality behind reported demand. With massive CapEx requirements looming, he contrasts significant AI breakthroughs against the hype, ultimately pondering who stands to gain from this tech race.
43 snips
Oct 19, 2025 • 24min
Private Equity’s Quiet Crisis!
Private equity is facing a growing crisis as firms struggle to exit investments, leading to stalled distributions and concerns about outdated performance metrics. The reliance on leverage for returns is under scrutiny, revealing a fragile system. Despite promises of diversification, the reality shows a reliance on stale pricing and hidden risks. The push to include private equity in retirement funds raises questions about high fees and limited transparency for retail investors. With rising interest rates and regulatory backlash, is private equity still a smart investment or merely a façade?
Oct 12, 2025 • 16min
The Chainsaw Stalls: Can Milei Cut Through Argentina’s Currency Collapse?
Argentina faces a severe currency crisis with President Milei attempting drastic reforms. Discover how the U.S. Treasury's unprecedented purchase of pesos impacts the economy. Explore the political risks tied to upcoming midterms and the backlash against Milei's agenda. Delve into the controversy over the peso's valuation and the geopolitical stakes involving China and agricultural exports. Can Milei's chainsaw reforms survive, or has the momentum stalled?
15 snips
Oct 5, 2025 • 23min
AAA Rated Junk: What Tricolor and First Brands Reveal About Credit Markets!
Two supposedly AAA-rated companies, Tricolor and First Brands, faced rapid collapses, exposing fragilities in the credit market. The discussion dives into double-pledged collateral, private credit risks, and the disconnect between risk and reward. Macro pressures like inflation and consumer demand are also examined, alongside rising delinquencies in subprime loans. Insights into Wall Street's reactions and questions about due diligence raise alarms over hidden risks, all while the market appears unfazed by these failures.
Sep 27, 2025 • 27min
The End of Legal Immigration?
The new $100,000 fee on H-1B visas is causing chaos in the tech industry and universities. It could reshape hiring practices and affect global talent flows. Patrick discusses the implications for skilled immigration and the potential legal challenges ahead. Silence from tech CEOs raises questions about their motivations. Additionally, concerns over wage suppression and impacts on international student enrollment are explored. The fallout from the Hyundai raid illustrates the clash between immigration enforcement and industrial goals.
26 snips
Sep 22, 2025 • 25min
Are the Rich Really Leaving Britain?
Are Britain's millionaires truly departing, or is it just a statistical illusion? This discussion investigates the Henley migration report and critiques its methodology. The conversation explores the historical non-dom tax regime and its recent changes. Additionally, insights are shared on how global tax competition and lifestyle choices affect wealthy individuals' decisions. Lessons from the 1970s tax environment reveal the challenges of taxing mobility while maintaining a competitive economic landscape.
Sep 17, 2025 • 36min
The Book That Wasn’t Supposed to Exist - Epstein's Birthday Book Released!
In 2003, Ghislaine Maxwell compiled a 238-page leather-bound book for Jeffrey Epstein — filled with letters, sketches, poems, and photos from billionaires, politicians, scientists, and celebrities. This book was never meant to be public. But now, thanks to the House Oversight Committee, it’s part of the public record — and it’s worse than anyone expected.We’ll also explore the deeper questions: Where did Epstein’s money come from? Why hasn’t the government followed the money? And what does this say about the two-tiered justice system in America?This scandal isn’t just about Epstein. It’s about the system that made him possible.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel:Patreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyle
Sep 8, 2025 • 19min
New Meme Stocks Just Dropped!
This summer, a new trend hit Wall Street: Chinese meme stocks. Promoted in WhatsApp groups, Reddit threads, and even under fake YouTube comments, a group of obscure Chinese companies soared — and then collapsed — wiping out billions in investor savings. In this podcast, we explore how how this happened and look at a chinese biotech stock which briefly reached a $38 billion valuation without selling any products, we try to understand why the FBI is calling it “ramp and dump” fraud, and how scammers are impersonating brokers, analysts, and even YouTubers to lure in victims.We’ll compare these knockoff meme stocks to America’s domestically produced meme stocks — GameStop, AMC, and the DORK stocks — and ask: is this just low-quality IP theft, or a new frontier in financial absurdity?Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel:Patreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyle
