WTF is Finance

I sat down with Howard Marks, the co-founder of Oaktree and the man who has been writing the memos every serious investor on earth opens first for over thirty years, and what was supposed to be a conversation about debt and cycles became a conversation about how anyone gets above-average at anything in a world where everyone smart is already trying. We covered why he picked bonds over stocks for a...

Howard Marks runs the largest distressed debt firm in the world, has been writing the memos that Warren Buffett opens first for over thirty years, and just changed his mind on AI after a single conversation with Claude — we got into who's going to make the most money in investing over the next ten years, why he picked debt over equity for an entire career, why the S&P returns 10% on average but al...

Wealth can be created easily — but that doesn’t mean it’s real. In WTF is Finance, Ray Dalio explains how money actually works, why asset bubbles form, and how investors should build portfolios that survive cycles, debt, and political change.  00:00 – Ray Dalio’s early life & first exposure to markets 04:55 – Why early wins hook people into trading 07:20 – Leverage, futures & learning risk the har...

Wealth can be created easily. But is it actually real? A conversation on money, investing, and the mechanics that quietly shape global markets with Ray Dalio. Coming Soon!  #NikhilKamath  Entrepreneur & Investor Host of 'WTF is' & 'People By WTF' Podcast X:  https://x.com/nikhilkamathcio/   Instagram:    / nikhilkamathcio     LinkedIn:  https://www.linkedin.com/in/nikhilkam...   Facebook:    / nik...

Ruchir Sharma thinks America’s peak is over. In this episode, I sat down with the author, investor and economist to discuss the forces shaping the world’s economy, where India fits in the new world order, and all things geopolitics. Timestamps: 00:00 - Intro 2:45 - Early life & formative years 6:50 - What India can learn from Singapore & China’s models 11:33 - Premature welfare state: growth or mi...