Podcast Extra (PRO+)

Legendary Short Seller Jim Chanos

Topics Covered:

Shorts are finally paying off: Chanos breaks down how a market shift has revived short selling, as bloated hype stocks, sketchy stories, and long-protected frauds start to unravel.

AI mania smells like 2000: He flags red-alert signs of financial engineering between Nvidia and CoreWeave — and draws a hard line to the kind of “round-tripping” that defined the dot-com collapse.

Private equity’s valuation scam: Chanos torches the “volatility laundering” narrative, exposing how fake marks, forced lock-ins, and leverage-on-leverage deals are coming apart in real time.

Cullen Roche: Tariffs, Stocks, and the Economy – Your Biggest Questions Answered

Topics Covered

  • Bond Market Turmoil & Yield Spike: Several theories were explored for the 10-year yield surge—including a hedge fund blow-up, basis trade unwind, and most convincingly, a portfolio rebalancing away from USD assets due to tariff-driven current account shifts.
  • Tariffs, Inflation & Economic Impact: Tariffs are described as short-term disruptive, acting like a regressive tax on consumers and businesses. While they might cause a one-time price shock, they’re more likely to be disinflationary in the long run due to reduced demand, investment, and uncertainty.
  • Portfolio Strategy & Safe Havens: Cullen frames gold and long-duration bonds as insurance tools—gold for fiat currency disruption, bonds for deflation/recession risk. Treasury bills and short-duration instruments remain the safest capital-preservation assets, even in a volatile policy environment.

Market Wizard: Tom Basso

Tom Basso was featured in Jack Schwagers 2nd book New Market Wizards


Topics Covered

  • How to Stay Calm in Volatile Markets: Tom Basso explains his “All-Weather” strategy, which adapts to bull, bear, and sideways markets using multiple systems across timeframes. The goal: stay emotionally neutral and consistently execute.
  • Diversification + Risk Management: Basso emphasizes true diversification (not just 60/40 stocks and bonds), using uncorrelated assets like commodities, currencies, and futures. He sizes positions based on volatility and always adjusts risk accordingly.
  • Trading Psychology + Long-Term Edge: The conversation covers expectancy, how most winning years come from a few trades, and why even elite traders are wrong most of the time. Key takeaway: success = following your system, not predicting.