Odd Lots

Bloomberg’s Joe Weisenthal and Tracy Alloway take you on a not-so random weekly walk through hot topics in markets, finance and economics.
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Phil Hellmuth is one of poker's biggest stars. His success is undeniable, as he's won 14 bracelets at the World Series of Poker, more than anyone els…
It's no secret that international trade has been criticized lately. But why exactly are countries generally happy to trade within their borders -- fr…
Avocado toast, unicorn frappuccinos, and kale salads. Taking photos of your food and putting them on Instagram is a now a huge trend that's transform…
When you think about the Middle East what springs to mind? Perhaps oil, maybe political instability, terrorism or even war. On this week's episode of…
On this week's episode of the Odd Lots podcast, we talk to Hikaru Nakamura, one of the best chess players in the world. Currently ranking in the top …
When most people analyze the stock market, they look at stuff like revenues, earnings, valuations, and economic conditions. But some people like to l…
What if you woke up tomorrow and found the U.S. stock market was closed for good? That happened to investors in the Russian market after the communis…
History, as you may have heard, has a tendency to repeat. But does it repeat in ways that are measurable and predictable? We speak with Peter Borish,…
One of the most fascinating market phenomenons is the bubble. When they occur, fortunes are made and lost, and the full spectrum of human emotions, f…
Plenty of people pay their kids an allowance to teach them the value of hard work and earning money. But our guest on this week’s Odd Lots podcast ta…
"Buy local" is a mantra that has appeal across the political spectrum. Small communities have preached this gospel for a long time. Our current presi…
A few weeks ago on the Odd Lots podcast, we talked to Paul Schmelzing, a Ph.D candidate at Harvard, who explained how the bull market in U.S. Treasur…
If you have any interest at all in finance, then it's mandatory to have seen the 1983 movie "Trading Places." You remember, right? Two wealthy Philad…
There's a widespread sense that something remains broken in the global economy. Despite a comeback in official measures of economic performance, like…
Among the biggest trends in the world of markets is the rise of passive investing. Rather than pay high fees to active mutual fund managers (who ofte…
Creating a new form of money is always tough. Will it hold its value? Will people trust it? Will people use it? All these challenges are even tougher…
There are all sorts of reasons why markets break down. A lack of trust. Incomplete information. Divergent incentives. A lack of experienced actors. S…
It's almost a truism that better-educated people earn more money. But suppose you're not interested in a normal job? What if you want to go into the …
The Islamic State is mostly discussed in terms of its threat to the safety and security of the world. But as a geopolitical entity, its leadership ha…
The stock market is currently in one of its longest bull markets ever, but that doesn't hold a candle to what's going on bonds. According to Paul Sch…
Welcome to the start of the new year! 2016 defied almost everyone's expectations, but that won't stop us from making predictions for 2017. On this ep…
It was quite a year, 2016! Trump and Brexit alone made it one for the history books. But there was more than political upheaval. In this end-of-year …
One of our favorite topics here at Odd Lots is market structure. On multiple occasions, for example, we've talked about how trading bonds is fundamen…
What's the optimum amount of money you should bet on a particular outcome? The answer is dictated by mathematics, yet plenty of people still go again…
Something huge happened in November. No, we're not talking about the U.S. presidential election. We mean the worst month in history for the the Bloom…
By now you've probably heard of Bitcoin. But Bitcoin isn't the only digital currency. In fact, there are hundreds of "altcoins" out there, all of whi…
All great civilizations eventually collapse. It's inevitable. So what are the signs of their demise? On the latest edition of Odd Lots, we speak with…
There's a lot to process from last week's U.S. election. One surprising thing already is the market reaction. Equities surged following the vote, and…
One could argue that "expert" has become a bad word. People routinely roll their eyes at the advice of experts and sometimes mock them. Perhaps nowhe…
Investors are often said to exhibit herding behavior when they follow each other into crowded positions — creating market bubbles that are susceptibl…
Dani Rodrik, a professor of International Political Economy at Harvard University, was writing about the downside of globalization before it was cool…
What does psychoanalytic philosophy tell us about capitalism? In this edition of Odd Lots, we speak to Ole Bjerg, a professor at the Copenhagen Busin…
Brad Katsuyama has racked up oceans of newspaper ink since being propelled into the public spotlight as the protagonist of Michael Lewis's book on hi…
How is it that stocks are traded on electronic exchanges in the blink of an eye but bonds still trade over-the-counter by phone and sometimes even by…
"Disruption," "incubation," "innovation"... you hear these words nonstop these days as people talk about the incredible changes taking place in socie…
The most valuable commodity for investors is information, and hedge funds and asset managers are going to great lengths to get it -- even to outer sp…
Could you walk away from a reward of over $8 million? The guest on our latest episode of the Odd Lots podcast did just that. Eric Ben-Artzi was a ris…
"What is money?" This seemingly simple question has the ability to drive people crazy. Is it a unit of account? Is it something about exchange? Does …
The hit show Seinfeld is often referred to as the show about nothing, but maybe it's actually a show all about economics. Alan Grant is an associate …
In developed economies, younger generations have faced stagnant wages, mediocre employment prospects and dizzying costs of homeownership. One culprit…
The 2016 Summer Olympics in Rio de Janeiro have been tainted by protests, economic slowdown, and a massive political scandal. In this episode we take…
This week is the summer edition of Odd Lots and we're talking about the market forces shaping the price of two essential ingredients for any pool par…
This week Odd Lots takes to the high seas to discuss how modern-day pirates in the form of illegal fishers are able to take out insurance policies on…
There's nothing better than financial crisis hindsight and earlier this month we got a big dose of it in the form of a 218-page paper by Laurence Bal…
The result of the U.K.'s Brexit referendum blindsided many and led to acrimonious accusations by supporters on either side of the vote. In the U.S., …
Emanuel Derman was one of the pioneers of quantitative finance, having gone from studying physics to working on Wall Street in 1985. His memoir, My L…
Emanuel Derman was one of the pioneers of quantitative finance, having gone from studying physics to working on Wall Street in 1985. His memoir, My L…
In the runup to the Brexit vote polls were mixed. Some showed remain winning. Others showed leave winning. Nonetheless, markets, pundits, and bookmak…
On this week's episode we take a trip down one particular road on the Gulf peninsula to explore how sudden market shocks — and the political discord …
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