The Modern Investor

For years, the AI trade has rewarded anyone willing to stay in it. Last week was a reminder of what happens when a crowded trade starts moving the other way.This week on Market Open, Reda and Russ look at the sell-off across tech, the pressure building around AI infrastructure, and whether the market is starting to price in something more serious than a temporary wobble. They also get into the power constraints behind the data-centre boom, Anthropic’s IPO plans, and why higher rates are making the whole setup harder to sustain.Try Finimize Pro

Midterms have historically been good news for stocks. This time, Reda and Russ think the setup looks a little less straightforward.In this week’s Market Open, they look at what the US election could mean for markets, why AI data centres are becoming a political issue, and whether the usual post-midterm rally can hold up against high valuations and a shaky tech sector. They also discuss Big Tech’s latest earnings, the huge sums still being raised to fund AI, and the fallout from Binance’s $6.3 billion hack.Try Finimize Pro

Anthropic’s S-1 offered investors a much clearer look at the business - and a few reasons to be uneasy.In this week’s Market Open, Reda Farran and Russell Burns unpack the filing, from Anthropic’s growing reliance on Big Tech to some striking disclosures about how its models behave. They also look at SpaceX’s growing advantage in the AI infrastructure race, the squeeze on smaller data-center players, and what this week’s earnings and rate decisions could mean for markets.Try Finimize Pro

The AI trade had a rough week. And this time, the warning signs weren’t limited to stocks.In this week’s Market Open, Reda Farran and Russell Burns look at stress in the credit market, the pressure on CoreWeave, and whether the huge sums being spent on AI can ultimately be justified. They also unpack why Treasuries are starting to look interesting again, and what the broader market is telling us beneath the headline index numbers.Try Finimize Pro

Rational investors are supposed to price assets correctly. But investors are people, and people are irrational – which is exactly why bubbles form, herds stampede, and markets overreact to information that doesn’t deserve it.Alex Edmans is Professor of Finance at London Business School. He started on the trading floor at Morgan Stanley before completing a PhD at MIT as a Fulbright Scholar, and has since become one of finance’s most prominent public communicators through bestselling books, free public lectures, and his mission to prove that finance doesn’t have to be dumbed down to be understood. He’s the author of Grow the Pie and May Contain Lies, and his new book, The Madness of Markets, is out this September.He joins Carl to unpack:Why AI valuations don’t look as extreme as the dot-com bubble on paper, and the hidden risk sitting in tech earnings anywayThe overreaction and herd behaviour that push otherwise rational investors into the same mistakes, from meme stocks to football fandomWhy some published investing strategies keep working even after everyone can read about themThe case against ESG as a single label, and why he thinks it has become “too much like a religion”The unconventional investor Edmans rates above Warren Buffett, and the one lasting edge retail investors have over the professionalsCHAPTERS0:00 Introduction0:28 From the Morgan Stanley trading floor to a PhD at MIT3:39 Why research needs to escape the ivory tower7:15 Overreaction: the most powerful bias in investing10:29 Herd behaviour, Reddit, and the Solomon Asch experiment15:10 Is AI the next dot-com bubble?18:32 Why your investment objectives change everything20:17 Can you still profit from a strategy everyone knows about?23:33 Prediction markets: information or noise?27:35 Why ESG has become too much like a religion35:19 Two tips for building a lasting investing edge38:50 Lightning round: first, best and worst investments43:13 The investor Alex rates above Warren Buffett44:34 What finance can learn from writing for a general audience51:20 Alex’s favourite market overreaction52:50 Where to find Alex and The Madness of Markets

SpaceX is reportedly looking to raise $40 billion to help fund its AI buildout. That’s a lot of money, even by the standards of this boom.In this week’s Market Open, Reda and Russ Burns ask how much longer markets can keep financing AI at this scale, what higher borrowing costs change, and whether Big Tech’s earnings are telling the full story. They also look at nuclear power, bank earnings, and what the latest inflation data could mean for the wider economy.Try Finimize Pro

Options have a reputation for being complicated and risky. But they can also be useful tools for investors looking to manage risk, generate income, or make the most of a volatile market.In this episode, Reda Farran speaks to JJ Kinahan from CBOE Global Markets and James Kostulias from Charles Schwab about how investors are actually using options — from covered calls and puts to more complex strategies with defined risk.They also discuss volatility, zero-day options, and where someone new to options should start.This sessions was originally broadcast live as a webinar. Stay up to date with upcoming podcast episodes and livestreams on our website, or follow us on Instagram Try Finimize Pro

Bill Ackman is worried about where AI could lead. He’s also still finding reasons to own some of the companies spending the most on it.On today’s episode, Finimize CEO Carl Hazeley talks to the Pershing Square founder about AI risk, why he still sees value in Big Tech, and what he looks for in businesses he’s willing to own for years.Try Finimize Pro

Higher bond yields have been painful for existing investors. But for anyone buying today, they also mean something that’s been missing from bonds for years: a genuinely attractive starting return.In this week’s pod, Reda and Russ look at why bonds are starting to deserve another look, how the latest round of rate hikes is changing the picture, and where Reda sees the most interesting opportunities across the market.They also discuss the US-China summit, the risk that slowing AI spending could hit a much wider group of stocks, and why China’s long-term industrial strategy continues to matter for investors.Try Finimize Pro

Anthropic is preparing for what could become the biggest IPO in history, with a rumoured valuation of around $2 trillion. The question for investors is whether the business can actually grow into a price tag that large. In today's episode, we’re sharing another preview of Research Drops – investment research normally available exclusively to Finimize Pro members.Finimize analyst Russell Burns looks at the bull case for Anthropic: its extraordinary growth, the scale of its infrastructure commitments, and why falling AI costs could end up driving more usage rather than less.  Head to the Finimize app to hear Russell's research in full.Try Finimize Pro