This Time Is Different
Long-form conversations that challenge consensus thinking about markets, money, and the economy. We question the narratives everyone else accepts and welcome contrarian ideas. Hosted by Malcolm Ethridge and Ricky Mulvey
Episodes
January 27, 2026 • 56 mins
America did not make more friends at the World Economic Forum. And while stories about Greenland and tariffs flare up, the ground may be shifting as more central banks buy up gold.
Ricky Mulvey and Malcolm Ethridge discuss:
- Why Malcolm is purchasing the stocks of big banks and ServiceNow.
- If purchasing Warner Bros. is a good idea for Netflix.
- What the World Economic Forum revealed about the macroeconomy.
- Ballin...
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January 20, 2026 • 48 mins
Elon Musk just told a podcast audience they don't need to save for retirement because AI will provide universal high income. Meanwhile, someone placed a $74 million options bet on Taiwan Semiconductor right before a major tariff announcement. And Trump's proposing a 10% credit card interest rate cap with bipartisan support from Bernie Sanders and Josh Hawley.
Sheesh, there's a lot going on.
Malcolm Ethridge and Ricky Mulvey discu...
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January 13, 2026 • 50 mins
What stories are going to drive the economy and the market this year?
Malcolm Ethridge and Ricky Mulvey discuss:
- De-dollarization: Why central banks are buying gold and what it means for the U.S. dollar's reserve currency status.
- AI profitability: Do AI projects need to start generating cash in 2026?
- A Recession-proof investing myth: Why alcohol stocks aren't the defensive play they used to be.
- Bitcoin and HODL (H...
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January 6, 2026 • 47 mins
Some financial truisms become common knowledge for good reason. Some deserve to be revisited.
Malcolm Ethridge and Ricky Mulvey discuss:
- If young people should save as much as they can early in their career.
- How investors should think about their “return on effort”.
- The economic rules of home ownership.
- Why job switching doesn’t necessarily pay.
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December 30, 2025 • 48 mins
Data doesn’t always capture what’s happening in the economy.
Malcolm Ethridge and Ricky Mulvey discuss:
- Malcolm’s biggest market worry for 2026.
- How the state of boxing reflects the broader economy.
- Why sugar daddies are spending less.
- Tighter spending showing up at pizza chains.
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December 23, 2025 • 53 mins
John Rotonti is a Portfolio Manager for Bastion Fiduciary where he runs the Bastion Industrial and Infrastructure Portfolio. He joined Ricky Mulvey for a conversation about:
- The housing shortage and how John is approaching it as an investor.
- Finding high-quality companies.
- A less-discussed player in the AI buildout.
- How sustainable share buybacks reward long-term holders.
Host: Ricky Mulvey
Guest: John Rotonti
E...
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December 18, 2025 • 44 mins
When will OpenAI go public? Could it really happen as soon as 2026? What will AI wearables actually look like? And why has the market largely forgotten about Waymo?
Alex Kantrowitz, who writes the Big Technology Substack and hosts the Big Technology podcast, joins Ricky and Malcolm to break it down.
- Alex and Malcolm debate OpenAI going public in 2026.
- They discuss why AI wearables won’t look like your phone.
- Alex explai...
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December 16, 2025 • 47 mins
Instacart is testing different prices for the same basket of goods, sold from the same grocery store and at the same time. Algorithmic pricing is in your grocery cart.
Ricky Mulvey and Malcolm Ethridge discuss:
- Disney allowing its characters on OpenAI’s Sora platform.
- Why Malcolm is losing faith in Oracle’s business.
- Instacart playing with algorithmic pricing on grocery items
- The potential of a one-person unicorn.
...
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December 9, 2025 • 49 mins
More than half of Fortune 100 companies have asked “desk-using employees” to come back to the office five days a week. But office REITs are not roaring back.
Malcolm Ethridge and Ricky Mulvey discuss:
- Crypto’s downturn, and if it represents a “buy the dip” opportunity.
- Meta cutting its metaverse budget.
- The career implications of working from home, and the data on return to office.
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December 2, 2025 • 50 mins
Retail investors are selling off risky assets, like Bitcoin, but the big institutional money is sitting tight.
Ricky Mulvey and Malcolm Ethridge discuss:
- The surprising number of high-income earners using Buy Now Pay Later.
- Abercrombie & Fitch as a buyback machine.
- Why retail investors are afraid of the AI trade, but big money is not.
- Nvidia’s potential accounting issues.
Hosts: Malcolm Ethridge, Ricky Mulvey
Enginee...
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November 28, 2025 • 53 mins
AI is propping up the economy. Homes aren’t affordable. You don’t feel like you’re making enough at your job. So what do you do?
Hanna Horvath, CFP®, writes the Substack “Your Brain on Money” and joined Malcolm and Ricky for a conversation about:
- How the definition of being middle class is changing.
- Gen Z’s split preference between socialism and capitalism.
- Building more agency into your financial life.We are proud t...
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November 25, 2025 • 49 mins
Some investors are rooting for a bear market. Are you?
Malcolm Ethridge and Ricky Mulvey discuss:
- Why a blowout Nvidia quarter does not impress investors anymore.
- “The big market delusion” and artificial intelligence.
- Why younger generations are steering away from stocks.
- The growth of private credit funds being sold to retail investors.
Hosts: Ricky Mulvey, Malcolm Ethridge
Engineer: Tim Sparks
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November 18, 2025 • 53 mins
He’s retiring at age 95 as a multi-billionaire. He’s leaving his kids 1% of his fortune. And everyone is hanging on to hear his insight. Warren Buffett is truly living the Baby Boomer Dream.
Malcolm Ethridge and Ricky Mulvey discuss:
- Michael Burry shutting down his hedge fund.
- Warren Buffett’s letter to shareholders and how Buffett has affected them.
- Opendoor as a “cult stock” and the actual business of iBuying homes.
...
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November 13, 2025 • 48 mins
What happens when we put a financial planner and a mixed martial arts betting analyst in conversation?
Cody Saftic is a mixed martial arts betting analyst, the co-host of Bookie Beatdown, and an MMA matchmaker. Cody joined Malcolm and Ricky to discuss:
- Recent fight fixing allegations in the UFC.
- The number one rule of gambling.
- How Cody has seen the interest in sports gambling explode over the past decade.
- What you can do ...
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November 11, 2025 • 48 mins
Why is Sam Altman getting heated about a simple valuation question?
In the first half of the show, Malcolm Ethridge and Ricky Mulvey discuss
- OpenAI CEO Sam Altman’s surprising response to a question about his company’s $1.4 trillion commitments.
- A Big Short against Palantir.
- Where they’re seeing opportunities in Ethereum and Chipotle.
Then, they explore the rise of sports betting and how taking a game-like approach can change...
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November 8, 2025 • 1 min
Long-form conversations that challenge the consensus thinking around markets, the economy, and your money.
Hosted by Malcolm Ethridge and Ricky Mulvey
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November 4, 2025 • 45 mins
The economy is in a weird place. Nvidia added more than $600 billion in market cap in five trading days. Amazon cut 14,000 workers. AI is the reason for both.
Malcolm Ethridge and Ricky Mulvey discuss:
- Why Nvidia’s market cap continues to skyrocket.
- OpenAI’s proposed initial public offering, and why “$60 billion won’t cut it”.
- Some takeaways from big tech earnings.
In the second half of the show, Malcolm and Ricky discuss the...
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October 28, 2025 • 50 mins
Retirement savings are wide open for private equity, and more investors are looking to gold.
Malcolm Ethridge and Ricky Mulvey discuss:
- The FBI breaking up a gambling ring involving NBA players and the mafia.
- OpenAI releasing the Atlas web browser.
- Why more private funds are opening to regular investors.
- What’s behind the massive run-up in the price of gold.
Then, Tim White, the Principal at Cyface Design, which offers ...
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October 22, 2025 • 49 mins
When should you run toward a dumpster fire? When should you stay away?
Ricky Mulvey and Malcolm Ethridge discuss:
- What some investors misunderstand about Oracle's business.
- If Robinhood has a branding problem.
- Investing in companies with visible problems.
Articles discussed:
Oracle's margin questions: https://www.theinformation.com/articles/internal-oracle-data-show-financial-challenge-renting-nvidia-chips
Robinhood profi...
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October 15, 2025 • 41 mins
But that doesn’t mean the bubble will pop soon.
Ricky Mulvey and Malcolm Ethridge kick off their new show, “This Time Is Different”. They discuss:
- What the Shiller PE ratio reveals about the stock market.
- Circular dealmaking among AI companies.
- Why Ricky is putting more of his long-term savings in cash and bonds.
- Peter Lynch’s investing lessons for 2025.
Hosts: Malcolm Ethridge and Ricky Mulvey
Engineer: Mark Lamorgese
...
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