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RiskReversal Pod

Taper Will Most Definitely Come, and an Interview With Michael Novogratz of Galaxy Digital

RiskReversal Pod

RiskReversal Media

Investing, Business News, News, Business

4.7836 Ratings

🗓️ 20 August 2021

⏱️ 79 minutes

🧾️ Download transcript

Summary

Guy, Dan and Danny discuss risks to the rally (3:06), Nvidia’s massive run (13:12), Robinhood’s earnings (18:56), Michael Burry’s big short on the ARKK ETF (22:41), and Danny “Rips Off The Tape” on used car loans (27:56). The co-hosts interview Mike Novogratz, founder and CEO of Galaxy Digital (37:49), and talk about the state of the markets (40:43), how Mike got into crypto (59:30), bitcoin vs. ethereum (1:11:38), and his work with the Bail Project (1:15:44).  ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia

Transcript

Click on a timestamp to play from that location

0:00.0

Before we get into it, if you follow me on the Twitter, you may have noticed that I've been trolling.

0:06.6

That's the word, right, Dan?

0:08.1

Trolling.

0:08.7

Yes.

0:09.0

Steve Cohen, the owner of the New York Mets, because he is, listen, I fail at many things.

0:14.4

He is failing at the Twitter.

0:16.2

And Danny actually said to me earlier today that I don't hate the Mets.

0:20.4

And I'm actually thinking about this.

0:22.0

I actually hate MET fans. And that's very, I mean, that's deep. Not me. That's you.

0:27.9

That's no. I'm saying that's me. Because it's hard not to like that team. If the Mets fans annoy you,

0:32.7

I get it. But that team is hard not to root for. I mean, they're scrambling around blue collar guys, you know. It's easy for me to hate the Mets, but I understand what you're saying. Danny, you're deep on

0:41.4

this one. I got deep on it. You're my therapist. I also tell Yankee fans that Jacob de Grom,

0:46.5

when he's healthy, and then listen, there's a lot to be said. He's Mario Rivera for nine innings. And I asked Yankee fans that and some, no, no, no, no.

0:55.6

And then they think about it.

0:56.3

Like, you know what?

0:56.7

The guy, he's maybe the best pitcher of our lifetime when he's healthy.

0:59.8

I have said that the run that he'd be on prior to his injury is the best run a pitcher's

1:05.7

had over that time period.

1:07.3

Period.

1:07.6

Period. period period maybe bob gibson but that's as close as you know no put gibson's numbers up and

1:11.2

see dan nathan well hold on back to back to back to trolling steve cohen for those who don't know

1:16.9

one of the most successful hedge fund managers let's say of the last 30 years or so he bought the

...

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