1. Executive Briefing (TL;DR)

• The Core Thesis: Prediction markets are undergoing an exponential, institutional-grade expansion, driven by massive sports liquidity events like the FIFA World Cup and the structural entry of regulated finance/betting giants. While the industry approaches a $1 trillion annualized volume run rate by 2030, its near-term structural evolution hinges on fee compression,…

• "As investors we're always very downside focused and so we don't take compliments well so we appreciate that but we want to stay humble because you can never get complacent in any kind of market." - Vivek Bantwal [01:08]

• "When you allow these evergreen capital to be too big a portion of your platform you can get a consistent flow every month but if…

• "I always prefer to stay in the kitchen than going helping around the fields. So of course when you grow up as a kid around food like that I think it's bound to impact you some." - Daniel Boulud [00:01:26]

• "There’s the Daniel brand and there’s the Boulud brand. And Daniel there’s only one and it’s here. And there has never been any expansion of…

Note: Recorded on July 7, 2026.

1. Executive Briefing (TL;DR)

• The Core Thesis: The global space economy is undergoing a structural paradigm shift driven by a 95% reduction in launch costs via rocket reusability and the integration of edge-computing AI. This democratization is transitioning the sector from an expensive, government-dominated landscape into a commercially viable, multi-planetary…

"With AI that question why not is something we should each be asking ourselves about anything that to date has been intractable because it lets you break through it." - Ruth Porat [02:14]

"Tasks are changing, but not careers." - Ruth Porat [12:31]

"The only way to democratize the…

Note: Podcast recorded on Thursday, 9 July 2026

1. Executive Briefing (TL;DR)

• The Core Thesis: The global macroeconomic outlook is defined by heightened geopolitical uncertainty stemming from renewed US-Iran tensions in the Strait of Hormuz, which risks triggering a secondary energy shock. This structural friction, combined with an ongoing debate regarding the true limits of an AI-driven economic…

"if you wait until you have nothing to be afraid about probably the opportunity has passed" - Howard Marks [00:20:17]

"if you don't see anything different from everybody else you can't possibly be superior." - Howard Marks [00:08:32]

"a battle hero is not somebody who's unafraid it's…

1. Executive Briefing (TL;DR)

• The Core Thesis: The rapid expansion of the sports economy over the next decade is structurally tied to younger, digital-first demographics—with Latino fans acting as a primary growth catalyst. Maximizing this market potential requires a transition from broad demographic outreach to highly localized, authentic, and data-driven engagement campaigns coupled with representative…

"I wish I could say I had this noble intention to become a great human rights or journalist... No, I was arguing with people on the internet and I wanted to win the arguments." - Eliot Higgins 04:24

"Just because you feel something should be the truth doesn't mean it actually is the truth." - Eliot Higgins…

"Trying to find internal validation through external achievement is like drinking salt water to quench your thirst. It seems like it's going to work, but it just makes you thirstier." - Graham Weaver [00:07:20]

"Life is an internal game that's played in an external arena." - Graham Weaver…

"Whichever of them ate the honey sweet fruit of the lotus no longer had any desire to send word of themselves or return." - Dominic Sandbrook [00:19:16]

"Friends no one is killing me." - Dominic Sandbrook [00:29:30]

"I would far rather live off the earth as the surf of another man some man…

"The strong do what they will and the weak suffer what they must... both of those are radically decontextualized. Graham Allison made a book about the so-called Thucydides trap that drew on that first sentence... both of those are based on shallow decontextualized readings of this vast and brilliant work." - Jonathan Kirshner [00:04:52]

"Great powers are not…

• "If I see too much performiveness it's a clocker for me... a personal glow up, you know, a showing off. That is one thing I always am like, 'Interesting.' You know, at some point people lose their mojo, right? Lots of people do, or they run out of ideas, or they... get bored with the business that brought them there." - Kara Swisher [00:00:00]

• …

"The scary open secret in the AI industry right now is that it's possible that we'll end up essentially creating a new species that ends up ruling the world with a 70% chance that this goes horribly wrong like human extinction." - Dan Kokotajlo [00:00:00]

"I basically told my wife like let's not have any more kids. It's too uncertain. I don't think they'll ever join…

• "The transfer of economic supremacy from Britain to the United States wasn't a single dramatic event... It was a slow grinding multigenerational process full of financial maneuvering, industrial brute force, two catastrophic world wars, and some of the most consequential backroom deals ever struck between nations." - Narrator [00:00:36]

• "By the time Britain…

"I think of the poets as the, um, Olympic athletes of the English language. They really know how to do it, so that limbers me up in the morning before I start my own humble efforts." - Geraldine Brooks [00:02:11]

"Fiction is required to stick to possibilities. Truth isn't." - Geraldine Brooks (quoting Mark Twain)…

• "Stocks of memory companies... there's insanity going on in the equity market." - Jan van Eck [00:00:06]
• "We don't know when it's going to happen and it seems to us a ways out, that's why I think you just have to stay fully invested." - Jan van Eck [00:14:04]
• "The fact that the price to sales ratio has gone up so much is more of a…

1. Executive Briefing (TL;DR)

• The Core Thesis: RIT Capital Partners is structurally shifting away from a decade of US exceptionalism to capture off-market value in late-stage AI infrastructure and capitalize on a decentralized, multipolar world. The portfolio strategically bypasses traditional fixed income, utilizing uncorrelated hedge funds and physical gold to insulate capital against the apex macro…