In this episode of the Money Stuff Podcast, Matt Levine and Katie Greifeld discuss Jim Chanos's short thesis on Michael Saylor's MicroStrategy, which involves shorting the stock and buying Bitcoin, and Saylor's response. They analyze MicroStrategy's business model of selling stock to buy Bitcoin and the implications of other companies adopting similar strategies. They also discuss Jamie Dimon's effort to address on-cycle recruiting in the private equity industry and the potential impact of AI on junior hiring in financial services. Finally, they explore Tower Research Capital's launch of a hedge fund and the convergence of high-frequency trading firms and hedge funds, touching on the limits of high-frequency strategies and the potential for long-term investment strategies.
