Finance Podcasts – Introduction
As I have mentioned in a few articles before, the life of a professional trader is a bit different from that of other professions. This is because other professions are static. For instance, a lecturer does the same things every day. They teach from the same materials, sets exams, and marks them. For them, it’s all a routine. In finance and investment, days are usually not the same. What moves the market today will not move it tomorrow. Therefore, it is really important to read, listen, and watch. When possible, I always read a book or a magazine. I also listen to podcasts when driving or when I want to go to bed. Here are some of the best finance podcasts you should listen to.
#1 – Freakonomics
This podcast is hosted by Steve Dubner who co-wrote the book under the same name with economist Steve Levitt. The podcast itself does not relate to trading or investment. Instead, he covers a whole lot of topics and introduces an economics view to it. He also interviews some of the sharpest figures in the world of politics, economics, and comedy. Some of his previous guests include people like the World Bank president Dr. Jim Yong Kim, former London mayor, Boris Johnson, and former Mexican president, Vicente Fox among others. Topics include titles like: should US merge with Mexico? What’s in a name? and the bad medicine among others. Listening to this podcast will open up your mind to a few things that you never thought you needed to know.
#2 – This Week in Startups (TWIST)
Again, this podcast is not about investing or trading. The podcast, hosted by angel investor Jason Calacanis is all about startups, angel investing, and venture capital. In the weekly podcast, Jason interviews some of the biggest names in the startup world. He also interviews some of the biggest venture capital in the world. Some of his past interviewees include Reid Hoffman (funder of LinkedIn), Peter Thiel, and Elon Musk among others. As a trader or investor, listening to this podcast can help you understand a lot of details about public technology companies. For instance, listening to his episode with the DropBox CEO can guide you on how to invest or trade in Box.
#3 – Mad Money
This is a show hosted by Jim Cramer. It is simply the audio version of his famous television show. For starters, Jim Cramer is a former hedge fund manager and founder of The Street a small public financial news website. Jim hosts Mad Money in CNBC. His show is about finding opportunities in the stock market. He makes stock picks which he recommends to his listeners. His picks are widely shared among the financial participants. However, his recommendations are not always accurate. A week before the fall of Lehman Brothers, he told his listeners to buy the company.
#4 – Planet Money
This is a leading financial podcast by NPR (National Public Radio). The podcast is about the economy told in regular stories. For starters, it is always difficult to understand how the economy works. Remember that the financial instruments move because of the economy. This show tells economic stories in a simple way that anyone can understand. Some of the most interesting stories in the podcast are: Russian Cowboys, Messy Nobel, and 17 deals in 17 minutes.
#5 – Entrepreneurial Though Leadership series
Again, this is not a trading podcast. It is a podcast based on a lecture series from Stanford University. The university’s business school invites successful entrepreneurs to offer lectures to their students. The people who have talked in these series include people like Jay Caplan (CEO of Synack), Michael Ackermann (CEO of Allergan), and Jane Chen (CEO of Embrace innovations) among others. Listening to this podcast can help you understand various trends. For instance, listening to Michael Ackermann can tell you a thing about biotechnology while listening to Jay Caplan can tell you about cybersecurity.