The following podcast contains explicit language.

Hello, and welcome to the independent directors' edition of Slate Money.

This is a huge one. Brace yourself, sit down, buckle in. This is going to be a

podcast for the ages because boy did we have business and finance news this week. We had Amazon

buying Whole Foods. Of course we have to talk about that. $13 billion. We had companies you've

never heard of raising $140 million in something called an ICO, which you've probably

never heard of. Hopefully. Way to sell that one, Felix. But there's like massive numbers.

Like we are going to do a little bit of delving down into the wonderfully bizarre and nerdy world of ether and cryptocurrencies and initial coin offerings.

Because if all you know about cryptocurrencies is a half-remembered medium post from four years ago about Bitcoin, things have moved on a bit since then.

And we're going to talk a little bit about that.

We are also, and this is kind of exciting, because we've heard your demands, dear listeners, for bonus nerdy content,

if you stick through to the bitter end of this show all the way through the numbers around,

even all the way through me like thanking Dan Schrader for producing the show

and telling his beloved mother not to worry too much.

If you stick around for all of that, then at the very end of it, we're going to nerd out about

convexity. We, there was, there's so much we wanted to fix in. We are literally quarantining

this section, just for the hardcore finance people. Just for the hardcore finance people.

There was a 100 year bond issued by Argentina this week and we are not going to talk about

Argentina, but we are going to talk about 100 year bonds and second derivatives and why people buy them

and why people sell them and the second derivative of price with respect to yield. You know you want to

stick around for that.

And we are also...

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