December 16, 2016· 27 min

59: What Sneakers Can Tell You About How Financial Markets Work

Orality
Model
86%
Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostJoe Weisenthal(657 words)
M:94%
HostTracy Alloway(800 words)
M:93%
GuestJosh Luber(3,183 words)
M:28%

Oral Indicators

Agonistic28%
totally, basically, very
Engagement65%
you, our, your
Memory Aids100%
listen, well, so
Repetition100%
market (54x), sneakers (50x), what (41x)
Parallelism96%
And I'm Joe Weisenthal...., And as someone who owns a lot ..., So I know nothing about the ma...
Sound Patterns83%
41 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases8%
i mean, so to speak

Literate Indicators

Hedging10%
may, probably, could
Passive Voice5%
was supposed, is listed, was called
Abstract Nouns19%
investment, embarrassment, transaction
Subordination4%
because, since
Sentence Length39%
Avg: 14.6 words/sentence
Word Complexity45%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style35%
321 personal pronouns found
Descriptive Style92%
internationally, apply, totally

Description

One of our favorite topics here at Odd Lots is market structure. On multiple occasions, for example, we've talked about how trading bonds is fundamentally different than trading stocks. This week our guest is Josh Luber, who has built a market for a non-financial asset: sneakers. The market for collectible sneakers (like Air Jordans) is worth over $1 billion, but it's very hard to get transparent pricing, in part because the action happens across a variety of different sites and venues. Luber explains how his startup StockX wants to unify the industry, bring about transparency, and fundamentally change how this market works. See omnystudio.com/listener for privacy information.