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
29 snips
Dec 22, 2025 • 28min
Why the EV Revolution Just Stalled
The podcast dives into the halted momentum of the electric vehicle industry, exploring the collision of ambitious promises with harsh economic realities. It reveals why Ford faced a staggering $19.5 billion write-down and how the European Union is rethinking its petrol ban. Listeners learn about the gap between costly EVs and consumer demand, the financial losses automakers incur with each sale, and the looming dominance of Chinese manufacturers in the market. The discussion highlights a shift from optimism to practicality in the EV narrative, reshaped by real-world economics.
14 snips
Dec 16, 2025 • 34min
Elon Musk Admits DOGE Was a Failure!
Elon Musk's candid reflections reveal the chaos behind DOGE's promise of $2 trillion in savings. What started as the 'Manhattan Project of our time' fizzled into a literal black eye and administrative turmoil. From IRS meltdowns to creative accounting on the 'Wall of Receipts', the pitfalls of trying to inject business efficiency into government emerged. Unexpected personnel mistakes and the lack of concrete savings left taxpayers footing a $135 billion bill. As spending surged, the supposed fiscal revolution turned out to be an elaborate meme.
25 snips
Dec 9, 2025 • 24min
The Infinite Money Glitch is Broken!
Corporate strategies that once turned Bitcoin into a revenue generator have backfired. The episode explores how firms leveraged the 'infinite money glitch' before it unraveled, revealing a fragile dynamic. Leveraged ETFs magnified losses, and even crypto giants like MicroStrategy are shifting away from Bitcoin. It discusses the rise of crypto treasuries and how firms are now selling tokens to service debts. With a lack of new catalysts, crypto prices are plummeting, reflecting the end of an unsustainable hype loop.
52 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?
