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.

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317 episodes
Updated July 27

Episodes317

Newest first

Jan 27, 2022 · 16 min
The Consequences of China's Slowdown
Send us a textChina’s Economy Is Slowing Which Could Have Big Consequences for the World.Economic output grew four percent in the last quarter, a slowdown from the previous quarter. Growth faltered as home buyers and consumers became more cautious. Construction and property sales have slumped, as the country grapples with power shortages, Covid-related restrictions, a crackdown on a range of companies, and debt troubles in its property sector. Some of those pressures could ease, but China’s e...
Jan 19, 2022 · 21 min
Private Money and Cryptocurrencies
Send us a textIn the United States, the government is not the only entity legally allowed to issue money. Private citizens and businesses are allowed to do so, too, and throughout U.S. history, they have done this. This type of money is referred to as private money, and it had mostly disappeared from circulation until Bitcoin was created in 2009. Today more than eight thousand cryptocurrencies exist, and more are appearing every day.Why were private currencies so popular, and why are they com...
Jan 13, 2022 · 19 min
Pandemic Real Estate Bubble?
Send us a textDuring the pandemic, house prices have increased even faster than they did in the period leading up to the 2007 financial crisis, stoking concern that another dangerous housing bubble is developing. In this week's podcast we compare the current real estate market to the bubble years before the global financial crisis of 2007-2008Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate...
Jan 6, 2022 · 15 min
Elizabeth Holmes Conviction – Is this a Golden Era of Fraud?
Send us a textOn Monday we saw the fraud conviction of Theranos founder Elizabeth Holmes. This conviction we are told in the press has split Silicon Valley. Supporters worry that the spirit of entrepreneurship has been put in ‘jeopardy’ while others say she overstepped boundaries.Tim Draper, a venture capitalist and family friend of Holmes who provided early funding to Theranos, told the New York Times that the outcome made him “concerned that the spirit of entrepreneurship in America is in j...
Jan 1, 2022 · 25 min
2021 The Financial Year in Review
Send us a textLet’s look back at the big financial events of 2021 and the lessons we learned. 2021 was an exciting year in markets, we had meme stocks, SPACs, hedge fund blow ups and the mainstreaming of crypto. The stock market went from strength to strength this year. The year started out with the short squeezes in GameStop and then AMC.As global economies bounced back from the pandemic, supply chains buckled due to shortages either of goods or people to deliver them. The squeeze on t...
Dec 24, 2021 · 15 min
Turkey's Rescue Plan - What to Make of Turkey’s Latest Currency Move?
Send us a textHaving defied internal and external economic logic by repeatedly cutting interest rates, Erdogan opted this week for a new set of measures to stabilize its currency. What should we make of Turkey’s latest currency move?Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our web...
Dec 21, 2021 · 20 min
Turkey's Unravelling Economy
Send us a textThe Turkish lira has been in meltdown as President Erdogan rejected warnings on the dangers of his recent interest rate cuts. He vowed that there was “no going back”.The currency, which has lost about 40 per cent of its value against the dollar since the central bank started lowering borrowing costs in September, fell to a new record low of TL18.36 against the dollar on MondayTrading on Turkey’s main stock exchange was halted for the second consecutive session following a ...
Dec 17, 2021 · 9 min
Evergrande - The Lawsuits Begin!
Send us a textChinese creditors have sued Evergrande for more than $13 billion dollars in as domestic companies owed money by the property development firm race against offshore bondholders to get paid.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow P...
Dec 9, 2021 · 13 min
Evergrande and Kaisa Default!
Send us a textLink for next suggested piece: Chinese State Owned Developers Rescue Local Governments! - YouTubeInvestors are waiting for news about tens of millions of dollars of overdue interest payments owed by Chinese Property Developers Evergrande and Kaisa. The firms both appear to be overdue on payments to bond holders. Evergrande's shares closed at a new record low on Wednesday after falling by 5.5% in Hong Kong trade.If, Evergrande did fail to make these payments on time, the stage co...
Dec 7, 2021 · 11 min
Didi Delisting - Less Than 6 Months After IPO!
Send us a textJust five months after going public on the New York Stock Exchange, Chinese ride-hailing giant Didi Global said it plans to delist from the New York Stock Exchange and pursue a Hong Kong listing as it bends to Chinese regulators angered by its US IPO.“Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in Hong Kong,” Didi said on its Twitter-like Weibo account on Friday.Didi did not explain it...
Dec 4, 2021 · 21 min
Short Selling Disasters!
Send us a textSubscribe to The Daily Upside! (Free Business & Finance Newsletter) https://bit.ly/3lwt7LTShort squeezes have been all over the news this year as retail investors banded together to spoil the fun for hedge funds in some well-known stocks. Short squeezes are not new though, they’ve been around as long as short selling has. In today’s video we look at the most disastrous short selling fails to see what lessons we can learn. These are some of the craziest finance stories you wi...
Dec 1, 2021 · 11 min
My Investment Plan For 2022!
Send us a textA few weeks ago, I made a video on how the world of investing has changed over the last few years. I explained how much easier investing had become in 2021, as there is much less of a need for the type of analysis people used to do in the past. The trick today is to invest in things that seem funny, and hope that Elon Musk then tweets about them. In today's video I lay out my investment plan for 2022.Patrick's Books:Statistics For The Trading Floor: https://amz...
Nov 25, 2021 · 14 min
What Is The Replication Crisis?
Send us a textIn 2005, Stanford medical professor John Ioannidis published a bombshell essay titled “Why Most Published Research Findings Are False”, which noted that the results of many medical research papers could not be replicated by other researchers. Subsequently, several other fields have turned a harsh eye on themselves and come to similar conclusions. The heart of the issue is a phenomenon that researchers call “p-hacking”. Campbell Harvey, a professor of finance at Duke univer...
Nov 18, 2021 · 13 min
Chinese State Owned Developers Rescue Local Governments!
Send us a textChinese state-owned developers are rescuing cash-strapped local governments in China by stepping to the fore at land auctions previously dominated by private sector groups like Evergrande.State-owned bidders include highly leveraged local government finance vehicles, which have traditionally focused on infrastructure projects rather than real estate. LGFVs have accounted for about one third of land purchases by value at auctions since September, compared with just over 10 per ce...
Nov 17, 2021 · 14 min
Elon Musk's $162 Million Dollar Joke
Send us a textJP Morgan Chase is suing Tesla for $162 million over tweets in 2018 by Technoking Elon Musk that he would take the electric vehicle maker private.JP Morgan accuses Tesla of "flagrantly" breaching a deal it claims should have triggered payments to JP Morgan.JP Morgan's suit, filed in a Manhattan federal court, says that Tesla sold warrants to JP Morgan allowing the bank to purchase shares if the "strike" price was below Tesla's share price when the warrants expired in 2021."We ha...
Nov 13, 2021 · 12 min
How China’s CEOs Sold Stock At The Right Time
Send us a textIn China, there is no better sell-signal than when the president, starts attacking an industry.So when Xi said in March that home-schooling was a “stubborn malady” that was putting too much pressure on Chinese children and their parents, the executives of two Chinese tutoring companies dumped their shares in New York according to records found by the FT.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https:/...
Nov 11, 2021 · 15 min
The Federal Reserve Warns About Evergrande
Send us a textThe Federal Reserve warned that fragility in China’s commercial real-estate sector could spread to the U.S. if it deteriorates dramatically, as investor focus turns to China Evergrande Group’s biggest payment test yet. The Fed’s stability report, which is meant to highlight risks that could undermine the financial system, said that “stresses in China could strain global financial markets through a deterioration of risk sentiment, pose risks to global economic growth, and affect ...
Nov 6, 2021 · 12 min
Squashing Tether - The Coming Regulation in Stablecoins
Send us a textFederal regulators requested more power from Congress to regulate stablecoins, a fast-growing type of cryptocurrency that they warn could result in bank runs and consumer abuse unless lawmakers act quickly, according to a report issued Monday by the Treasury Department.The report, which was undertaken by the President’s Working Group on Financial Markets, called on Congress to pass a law that makes issuers of stablecoins subject to requirements like those of traditional banks an...
Nov 6, 2021 · 10 min
Zillow's Home Flipping Business Made No Sense
Send us a textZillow, the digital real estate company, said on Tuesday that it’s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce.The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenue and earnings missed analysts’ estimates.“We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated,” Zillow CEO Rich Barton said in the release. “Continuing to scale Zillow Offers would res...
Nov 2, 2021 · 7 min
Squid Game Crypto Rug Pull
Send us a textThe anonymous scammers behind a Squid Game cryptocurrency have officially pulled the rug on the project, making off with an estimated $2.1 million. Investors were able to purchase the crypto but couldn’t sell it. The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out thei...