The Money Stuff Podcast features Matt Levine and Katie Greifeld discussing financial topics, including hedge fund compensation structures and the phenomenon of hedge fund traders who lose money being in high demand. They analyze a story about "wounded lions" in the hedge fund world and the incentives for traders to reset their high watermarks by moving to new firms. The conversation shifts to Elon Musk's compensation package at Tesla, questioning the need for additional incentives given his existing stake in the company and his pursuit of AI ventures. Finally, they discuss Bill Ackman's suggestion for Eric Adams to drop out of the New York City mayoral race and bet on Andrew Cuomo using prediction markets, delving into the complexities of insider trading rules in such markets.
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