Sebastian Mallaby is the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR). Mallaby contributes to a variety of publications, including Foreign Affairs, the Atlantic, the Washington Post, and the Financial Times, where he spent two years as a contributing editor. He’s the author of many of my favorite business books of all time including The Power Law on the history of Venture Capital, More Money Than God on the history of Hedge Funds, and The Man Who Knew: The Life and Times of Alan Greenspan, which is one of my favorite biographies ever in any category.
Timestamps
(0:00:00) Intro
(0:00:57) Business journalism
(0:04:11) Journalists as investors
(0:06:24) Most misunderstood part of the economy
(0:07:34) EMH
(0:11:49) Private v public markets
(0:17:27) Liquidity premium
(0:20:13) New asset management models
(0:26:12) Investor specialization
(0:37:42) Firm culture vs outlier talent
(0:41:00) Sequoia and FTX
(0:44:40) Meme stocks
(0:45:56) VC vs hedge funds
(0:50:38) Decision making at the Fed
(0:57:22) Evolution of the Fed
(1:01:34) Powell
(1:05:39) The Fed’s political independence
(1:07:13) History, Marx, Carlyle
--
Links
- Sebastian's profile for the Council on Foreign Relations
- Subscribe to Undertone on YouTube, Apple, Spotify, or Substack
- Watch or listen to previous episodes of Undertone with Tyler Cowen, Vitalik Buterin, Scott Sumner, Samo Burja, Steve Hsu, and more
- I love hearing from listeners. Email me any time at dan@danschulz.co
- Share anonymous feedback on the podcast: https://forms.gle/w7LXMCXhdJ5Q2eB9A
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.