August 1, 2022· 54 min

Benn Eifert On The Mania That Was Even Bigger Than Meme Stocks

Benn Eifert

Orality

Model

50%

Speaker Breakdown

HostTracy Alloway(1,350 words)

M:93%

HostJoe Weisenthal(2,327 words)

M:29%

GuestBenn Eifert(6,282 words)

M:29%

Oral Indicators

Agonistic52%

literally, completely, crazy

Engagement64%

you, our, your

Memory Aids100%

listen, now, well

Repetition100%

like (221x), know (143x), right (138x)

Parallelism80%

And I'm Joe Weisenthal...., And people are like, oh, this ..., So it came up....

Sound Patterns100%

154 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases4%

you know what, i mean

Literate Indicators

Hedging9%

probably, may, maybe

Passive Voice4%

is when, being taken, been focused

Abstract Nouns18%

investment, recommendation, agreement

Subordination6%

since, because, nonetheless

Sentence Length39%

Avg: 14.8 words/sentence

Word Complexity47%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style36%

690 personal pronouns found

Descriptive Style100%

literally, completely, exactly

Description

When people think about the market mania we recently experienced, the most glaring thing that comes to mind is the meme stocks. In early 2021, the huge moves in names like AMC and GameStop exemplified this new Robinhood, r/WSB, crypto world. But there were activities much more egregious than some retail traders buying odd lots on Robinhood. Serious, professional investors and traders lost huge sums of money giving out unsecured loans to crypto hedge funds like 3AC, which then proceeded to incinerate their money. In other words, lots of people, with a range of sophistication, threw out some basics of risk management wholesale. On this episode of the podcast, we spoke with Benn Eifrt, founder and CIO at the boutique volatility hedge fund QVR Advisors, about how manias happen, and the big lessons everyone should learn from the market over the last two years. See omnystudio.com/listener for privacy information.

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