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
22 snips
Dec 1, 2025 • 23min
AI and the Death of the Career Ladder
The promise of a degree as a ticket to a stable career is crumbling. Graduate unemployment is on the rise, with automation taking over entry-level jobs. Male graduates are hit hardest by AI disruptions, while fields like healthcare remain robust. Corporate hiring is shifting, emphasizing specialized skills over traditional credentials. Non-traditional roles are increasingly appealing, as is the need for networking and mastery of AI tools. Regional differences show some bright spots in southern Europe, suggesting varied opportunities in the changing job landscape.
15 snips
Nov 25, 2025 • 25min
Does OpenAI expect a Government Bailout?
Explore the intriguing financial gymnastics behind OpenAI's $1.4 trillion infrastructure commitments. Delve into the lobbying for government subsidies and the social media frenzy sparked by Sarah Fryer’s controversial comments. Discover why tech giants are pushing for AI to be considered 'too important to fail.' Learn about OpenAI's mounting losses, negative unit economics of LLMs, and the complex financing strategies needed to sustain growth. Patrick sheds light on who ultimately bears the risk in this high-stakes AI landscape.
17 snips
Nov 16, 2025 • 20min
Trump’s 50-Year Mortgage Plan: What You MUST Know!
Is Trump's 50-year mortgage plan a solution or a trap? The discussion reveals how these loans might not lower payments as expected, highlighting costly long-term implications. Historical lessons from Japan showcase the risks of ultra-long mortgages. Patrick dives into the complex interplay of housing supply, aging buyers, and the origins of the 30-year mortgage. He emphasizes that boosting credit access could inflate prices rather than enhance affordability, urging a focus on housing supply as the real key to solving the crisis.
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.
18 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.
