WATCH IGA

“I personally love watching Iga, especially on the clay because some of those runs she's had, especially at the French Open, have been ridiculous. I mean, not losing games, but the way that she's able to open up the court and play with different spins and shapes to push her opponents back—the way she moves, I think is very dynamic. And I think when she's playing her best, it's fun to watch.”

“Nerves always exist. Like, people always say, how do you not get nervous? I'm like, well, you don't. You just manage it better. Right? Like little techniques like she mentioned, they don't go away. Everyone has ever played tennis. It's okay to have nerves. And you can acknowledge it too. I have a lot of parents who say you can't say you're nervous. I'm like, you can't deal with the problem if you can't talk about it.”

“The dominant political story of the year has been the 270-day-long speakership of Representative Kevin McCarthy, whose slim majority in the House of Representatives has enabled a far-right rebellion to exert more weight over the lower chamber. The battle between the rebellious Freedom Caucus and McCarthy has been at the heart of an averted debt ceiling crisis and the annual budget debate nearly devolving into a government shutdown.”

“If you weren't longer in 2021 or even over the last couple of years after the bear market in 2022, you basically got squeezed out because inflation rose. And if your performance wasn't greater than that, you just got absolutely crushed. And so when I pull everything together and I say, okay, what is my goal in markets? I know that we are in a period of time where melt ups and meltdowns are kind of the new norm because so many things are changing so fast.”

“I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor. If you're not paying attention, you probably should be. You probably should be.”

“Michigan wins the National Championship and we talk Monday's Championship game and how good this Michigan team was. They really put a stamp on the season and showed that despite all the noise and the investigations, they were clearly the best team in the country on that field when it mattered most.”

“And all of these decisions take place over years. And that determines the flows of capital between each country, right? Because when when you trade with a country, you are sending the currency back and forth to be able to pay for that, right? And that is the flip side of the capital account in an economy. My view is this connects to the entire administration that we have.”

“Hot Seat/Cool Throne including Artemis, Masters hats, getting got and more. We dive into the latest with the space program and why they might be feeling the heat this week, along with the absolute necessity of securing the right headwear before the tournament starts on Thursday.”

“Additionally, the latter half of the year saw many large mergers and acquisitions, some of the largest announcements being in oil and gas with ExxonMobil's purchase of Pioneer Natural Resources for nearly $60 billion and Chevron's acquisition of Hess Corporation for $50 billion, both in October and pending regulatory approval prior to closure.”

“2023 also saw the roots of a global banking crisis arise out of four American regional banks, the two largest being Silicon Valley Bank and First Republic Bank. 2021's inflation surge moderated in 2023, while the Federal Reserve continued to raise its interest rates in the first half of the year.”

“So many people will say, well, it doesn't even matter if I'm getting paid below that. I can't sell my property because I have to realize this massive gain. Even if I do a ten thirty one, like, I don't wanna do that, man. Like, it's just it's just too much. Like, you know, it'll go up over time, and I'm just like, I don't care. And that positioning factor is such a large portion of markets.”

“Our good friend Max Homa joins us to get ready for the Masters, discussing how he's feeling going into the tournament and a little pump up before the big week. He talks about the pressure of the majors and whether or not his tan is going to be a distraction when he's standing on the first tee.”

“I would say the best advice he's given me is about ground stroke patterns and how to how to open the court better, finding the the angles. I play good with my depth, but sometimes finishing shorter in the court or bringing them out and in almost will then make the depth even more penetrating and surprising to them. So that's that's very specific, but that is something he told me that I think is really useful for me.”

“So many people will say, well, it doesn't even matter if I'm getting paid below that. I can't sell my property because I have to realize this massive gain. Even if I do a ten thirty one, like, I don't wanna do that, man. Like, it's just it's just too much. Like, you know, it'll go up over time, and I'm just like, I don't care. And that positioning factor is such a large portion of markets.”

“I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor. If you're not paying attention, you probably should be. You probably should be.”

“I love to compete. I hate to lose, and I started competing in tennis. And I kinda just got obsessed with the with the process, getting better. Again, the competition, I wouldn't trade competition for anything else. And out of all the sports I played, I was the best at tennis. Right? So I wanted to do that. I really think the sport chooses you. And if you love to compete, you're gonna do what you're good at.”

“I think pressure is obviously difficult, but it means that you've done something to deserve that expectation. So you can kinda use that to give you confidence, and I think breathing always is helpful. I do certain breathing techniques before matches to try to calm the nervous system down if you're feeling nervous and the pressure. But I think you just have to know that it's normal, and it should give you confidence that people expect things of you because that means you've done some pretty good things too.”

“And all of these decisions take place over years. And that determines the flows of capital between each country, right? Because when when you trade with a country, you are sending the currency back and forth to be able to pay for that, right? And that is the flip side of the capital account in an economy. My view is this connects to the entire administration that we have.”

“I would definitely say that I know every result in every tournament seems so serious and so the make or break moment, but it definitely isn't. And please, please don't be stubborn and work on the things that you know you need to work on and take some l's if you need to. That's something I could have done better, definitely. I was very stubborn with wanting to win. So do the things that are gonna make you better, and then the winning will come with it.”

“If you weren't longer in 2021 or even over the last couple of years after the bear market in 2022, you basically got squeezed out because inflation rose. And if your performance wasn't greater than that, you just got absolutely crushed. And so when I pull everything together and I say, okay, what is my goal in markets? I know that we are in a period of time where melt ups and meltdowns are kind of the new norm because so many things are changing so fast.”

“Shane Bacon joins the show to break down the Masters field, what holes are each of the guys, who can win, and what the course will be like. He gives a deep dive into how the course is playing and which players have the specific shot shapes required to succeed at Augusta National this year.”

“The rise of artificial intelligence and large language models dominated not only the economy but has also been at the root of a Hollywood double strike conducted by Writers Guild of America and a SAG APTRA strike. These were part of a larger phenomenon of labor strikes across the country, in which such large diverse groups, such as Teamsters and Auto Workers won new contracts.”

“The credit risk, when I think about that, it is about what is the probability of me receiving these nominal cash flows? What's the probability of me receiving the rents that I'm getting from my real estate property every month? Then I have duration risk or, you know, this other risk that says, okay. Well, even if I get the payments every single month, what's happening to inflation or the amount of money in the financial system that is devaluing or revaluing those cash flows?”

“The credit risk, when I think about that, it is about what is the probability of me receiving these nominal cash flows? What's the probability of me receiving the rents that I'm getting from my real estate property every month? Then I have duration risk or, you know, this other risk that says, okay. Well, even if I get the payments every single month, what's happening to inflation or the amount of money in the financial system that is devaluing or revaluing those cash flows?”

“The Bulls clean house out of their front office but the owners still own the team, which is the classic Chicago problem where you change the faces but the top stays the same. It's a massive move for a franchise that has been stuck in the middle of the pack for way too long without a clear direction.”

“I'm kind of in shock. I wanted to feed Mundy and Tara close together. And so I fed Tara over here. She picked up her food and brought it right over to the fence line here so she could be eating with Mundy. So you tell me what that means. I think that is really good.”