You're listening to a bonus episode of On the Tape through our partnership with I Connections.

Later on, we're going to go off the tape with Adam Demurecourt of Wilshire Lane Capital.

But first, I have three people that you all know and love, three people that I've grown to know and love, Vinnie Daniels,

Porter Collins, and of course the great Danny Moses of the big short fame. Now, these guys,

the two first guys, Danny, I'm leaving you out of this, Porter and Vinny, their work is easily

some of the smartest, most accessible, easily understandable,

synthesizable, whatever word you want to use, they do it for you.

They put in all the hard work.

They put forth in a way that makes it easy to understand.

And quite frankly, in our world, typically, if you're early, you're wrong.

In their world, typically they're early and right.

And the three of you guys have these phone conversations from time to time. And one of you

inevitably starts with, okay, what are we doing? So we thought a great segment here on the

tape would be what are we doing with Vinny, Porter, and Danny. Danny, am I right? You're right. And a day like today

would be like, what's going on? So we would walk in on the trading desk. We'd all get in around

the same time, like 6.45 a.m. Porter and I would be on the same train line, but obviously very

different towns, as you can imagine, where Porter is coming from. Vinny on the Long Island Railroad

coming in. Vinny would get there with this coffee,

we did coffee. Everybody had their particular thing in the morning. We get onto the desk,

depending on what day it was, most days like, all right, what are we doing? But today it would be,

it would have been what is going on. And so it's one of those two things always, but you're right,

guy. Normally it's what are we doing? But the sub segment can be what's going on. And so that's kind of where we are today.

...