Colin Teichholtz Interview

In this episode (recorded 8/3/17), Robert and Scott interview Colin Teichholtz, a partner and portfolio manager at global investment firm Pine River Capital. We begin by talking about how he was able to make money in college arbitraging used books and what makes someone good at identifying value in markets. We go on to talk about whether people who trade with major investment firms are suckers, what the value of financial advice is, and the advantages and disadvantages of risk parity funds.

Next we talk with Colin about what drives changes in market volatility and why political events often have little effect on markets. We go on to discuss what will happen if Congress fails to raise the debt ceiling and why market volatility has been low recently. Then we look at why inflation hasn’t been going up much in the US even though the unemployment rate is low and whether productivity growth in the US has stalled.

We close the podcast by asking Colin whether he thinks Mark Zuckerberg will run for president in 2020, what it’s like to work next to Trump Tower, and how he ended up introducing Michael J. Fox to Anthony Scaramucci (donate to the Michael J. Fox Foundation for Parkinson’s Research here).

The exit music is a clip from “Word Up” by Cameo. You can find NonProphets on Blubrry, iTunes, Stitcher and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.

Twice As Bright, Half As Long

In this episode (recorded 7/26/17), we discuss the probability that Donald Trump will leave office sometime in the first two years of his term. Scott thinks PredictIt’s markets—which currently give Trump a 17% chance of leaving office before the end of 2017 and a 35% chance of leaving office before the end of 2018—are pretty well priced, but Atief thinks PredictIt’s odds of Trump leaving are too high.

We end the podcast by considering the possibility that voter suppression will have a significant effect on the midterm elections in the US; whether there is likely to be compelling evidence of collusion between the Trump campaign and Russia; and the danger of a North Korean nuclear attack on Hawaii.

You can find NonProphets on Blubrry, iTunes, Stitcher and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.

Elaine Rich Interview

In this episode (recorded 7/12/17), we interview superforecaster and pharmacist Elaine Rich. Elaine started with Good Judgment in the first year of IARPA-ACE forecasting tournament after reading about the project on FiveThirtyEight. She was interviewed by NPR in 2014 about her experience with Good Judgment in a segment called “So You Think You’re Smarter Than a CIA Agent”.

We start by talking with Elaine about her experience forecasting at the beginning of the Good Judgment Project, the advantages of forecasting anonymously, why she doesn’t like forecasting subjects close to her professional expertise, and whether accurate forecasting really matters. We also talk about whether forecasting ability is something innate you are born with or something you learn or can train, whether gut instincts are any good, and the value of good journalism for forecasting. Elaine ends the interview by recommending the Joni Mitchell album Hejira—and in particular the song “Amelia”—as forecasting music.

You can find NonProphets on Blubrry, iTunes, Stitcher and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.

Football With Knives

We kick off this episode (recorded 6/21/17) with a discussion of Romanian politics and tax policy. We move on to the recent special election in Georgia’s 6th congressional district to replace Secretary of Health and Human Services Tom Price, the Republican healthcare bill’s prospects in the Senate, whether military action could make President Trump more popular, and whether Nancy Pelosi makes it harder for Democrats to win elections. We close the episode by talking about  “Trump’s Mirror”, Kansas’s experiment in conservative economics, and how the Supreme Court might rule in the upcoming partisan gerrymandering case.

Here’s a link to the Frank Rich interview of Chris Rock we mention in the podcast. You can find NonProphets on Blubrry, iTunes and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.

Trump Forecasting Models

In this episode (recorded 6/14/17), Atief and Scott welcome Robert back from his vacation in Canada and catch him up on the news—and in particular on former FBI Director James Comey’s congressional testimony—while he was gone. Next they talk about the apparent rise in political violence in the US. Then they consider various models for understanding and forecasting the Trump administration. They close the episode by considering the COVFEFE Act and the significance of President Trump’s twitter account.

The episode’s intro music is a clip from Thin Lizzy’s “The Boys Are Back in Town”. You can find NonProphets on Blubrry, iTunes and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.

The Fisher Protocol

In this episode (recorded 6/8/17)—produced while Robert was on vacation—Atief and Scott ask whether probability broke in 2016. They start by talking about former FBI director James Comey’s testimony before the Senate Select Committee on Intelligence. Atief argues that Comey’s testimony is pivotal in the sense that how politicians react to it will determine how we should forecast future events.

Atief and Scott discuss “the Fisher Protocol”, Harvard Law professor Roger Fisher’s suggestion that the nuclear launch codes should be implanted next to the heart of a volunteer so that the president would have to kill the volunteer in order to use nuclear weapons. Atief and Scott also talk about political violence and partisanship in light of the May 26 attack on a commuter train in Portland and the June 3 London Bridge attack; the state of Kansas’ experiment in conservative economics; the snap election in the UK; and whether President Trump will discover his pardon power this year.

You can find NonProphets on Blubrry, iTunes and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.

Special Counsel

In this episode (recorded 5/17/17), we discuss Deputy Attorney General Rod Rosenstein’s appointment of former FBI Director Robert Mueller as special counsel overseeing the investigation of Russian interference in last year’s US election. We try to forecast whether recent revelations will ultimately lead to President Trump’s impeachment or resignation. Would a Congress of Marcus Aureliuses impeach Trump? Is there any abuse of office that would convince Republicans to vote for impeachment? Is Robert Mueller America’s Batman?

You can find NonProphets on Blubrry, iTunes and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.

The Brief Wondrous Tenure of Jim Comey

In this episode (recorded 5/10/17)—recorded the day after it happened—we look at the implications of President Trump’s surprise firing of FBI Director James Comey.

We talk about whether we think Deputy Attorney General Rod Rosenstein will appoint Special Counsel to investigate the Trump campaign’s ties to Russia (which he did this week), what President Trump might do with the pardon power, whether we should expect widespread voter suppression in 2018, what motivates the Republican Party, who the next FBI Director will be, whether President could be removed from office, and how President Trump is like the Mule from Isaac Asimov’s Foundation Series.

We end the podcast with an anecdote about and a plug for Nigel Shakespear’s book Times New Romanian.

You can find NonProphets on Blubrry, iTunes and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.

Happy Summer Forecasts

In this episode (recorded 5/3/17), we take a little break from politics to make some summer forecasts. We start by talking about climate change and whether catastrophe losses are likely to increase this year.

Next we make our forecasts for the movies and songs of the summer. Robert says the biggest movie will be either “Guardians of the Galaxy 2” or “Despicable Me 3”. Atief guesses it will be “Spiderman: Homecoming” and  that “It Comes at Night” could be a sleeper hit, but thinks that “King Arthur: Legend of the Sword” will be a major flop. Robert thinks that either Kyle’s “iSpy” featuring Lil Yachty or Kendrick Lamar’s “Humble” has a chance to be this summer’s jam. Robert and Atief agree that there are about even odds that the top song on the Billboard Hot 100 on August 1 will have the word “featuring” in the artist line and also that there are close to even odds that one of the top two songs will feature Drake in some way.

Then we return to politics. We talk about the acrimonious debate between Emmanuel Macron and Marine Le Pen and Scott gives Macron a 97% chance of winning the French presidential election. We also discuss whether FBI Director James Comey swung the US presidential election to Donald Trump. We end the podcast—which was recorded the night before the revised Republican health care bill did pass in the House—by giving it a roughly 50% chance of passing in the House.

You can find NonProphets on Blubrry, iTunes and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com. If you enjoy this podcast, please rate us and recommend us to your friends.

Rare Birds

We start this episode (recorded 4/26/17) by talking about Turkish President Recep Tayyip Erdoğan’s leadership and giving our analysis of the first round of the French election. We go on to speculate about what President Trump might do to to make his first 100 days in office look more impressive—would he retaliate against Venezuela for seizing a General Motors’ factory? or withdraw from NAFTA? or simply send someone to Mars? We end the episode by wondering whether Trump’s wall is real or figurative, before briefly considering the March for Science and Romanian pop music.

The opening audio clip is from this video of comedian Stephen Fry narrating as zoologist Mark Carwadine is shagged by a rare parrot. You can find NonProphets on Blubrry, iTunes and Google Play. As always, if you have questions, ideas for future episodes, or would like to suggest a possible black swan event, you can use our contact page or e-mail us at (nonprophetspod [at] gmail.com). If you enjoy this podcast, please rate us and recommend us to your friends.