Investment Musings

The audio edition of Investment Musings, by Nuno Amado Mendes, CFA. Cross-asset macro and markets in a plain, FT-neutral voice with a deliberately adversarial edge – every thesis carries the level at which it would be wrong. Less news, more thinking.

Podcasting since 2026 • 2 episodes

Investment Musings

Latest Episodes

Below Cost

Kevin Warsh, the new Fed chair, wants to kill inflation – and the convenient version of that story is that AI will do it for him. This week's leaked OpenAI accounts show who is actually paying: the disinflation everyone is celebrating ...

June 17, 2026 • Season 1 • Episode 2 • 1:56

The Price of Calm

Low volatility is not the absence of risk – it is risk moved somewhere it no longer has to be counted. This episode argues that the AI build-out is the largest version of that trade ever built.It starts with the 2018 collapse of XIV, the...

June 15, 2026 • Season 1 • Episode 1 • 11:59

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