All Episodes
The Gist Talk — 304 episodes
LLM and World Models: Convergence, Divergence, and AGI Paths
LLM Inference Compiler Panorama: Research and Engineering Evolution
The AI-Native Fabless Chip Startup Blueprint
Groq Architecture Deep Dive and NVIDIA Acquisition Analysis
Huawei CloudMatrix 384 and Ascend 910C Architecture Analysis
The 95 Billion Dollar Dinner Plate Chip: Cerebras' Wafer-Scale AI Computing Architecture and Inference Performance Analysis
d-Matrix Corsair: An SRAM-Centric Digital In-Memory Compute Architecture
Tenstorrent AI Inference Architecture: Deep Dive into Tensix Dataflow
AI and the Economics of Production and Consumption Breakdown
The Evolution and Scaling of Google’s TPU Supercomputers
The Mathematics of LLM Training and Inference
The Foundation of an AI-Native Company: Closed Loops and Intelligence Layers
The Shape of the Company as the AI Moat: The Next Biggest Moat in AI
The Race to the Bottom: Risk and Laxity in Finance
The Architecture of Innovation and the Mechanics of Bubbles
vLLM Plugin System and Hardware Pluggability Architecture
Howard Marks: AI Hurtles Ahead, The Evolution of Autonomous Intelligence
Howard Marks: The Evolution and Cycles of Private Credit
Howard Marks: Is It a Bubble? The Nature of AI Euphoria
Howard Marks: Cockroaches in the Coal Mine
The 2026 Stanford AI Index: Trends, Investment, and Global Impact
Agentic Reasoning for Large Language Models
Dynamic Hedging: Part 4
Dynamic Hedging: Part 3
Dynamic Hedging: Part 2
Dynamic Hedging Part 1: Foundations of Market Reality and Risk
Volatility Smile and Delta Hedging: Intimate with the Vol Surface
Howard Marks: You Can't Predict. You Can Prepare.
Howard Marks: The Limits to Negativism
Howard Marks: The Paradox of Liquidity
Howard Marks: There They Go Again, on Market Cycles
Howard Marks: On the Couch
Howard Marks: Sea Change, The New Era of Investment Strategy
Howard Marks: Calibrating, Striking the Balance Between Offense and Defense
Howard Marks: The Asymmetry of Risk and the Unknowable Future
Howard Marks: Taking the Temperature, Mastering Market Cycles and Investor Psychology
Howard Marks: What Really Matters, Long-Term Thinking in a Short-Term World
Howard Marks: Fewer Losers More Winner
AI Traffic Patterns and AI Switch Design Implications
AI network switches
DeepSeek-V4: Efficient Million-Token Context Intelligence
Claude Code Source Code and Architecture Analysis
Dimon’s $1.5 Trillion Gambit: Can Private Sector Resiliency Save the West from "Vassal State" Decline?
From Entropy to Epiplexity: Rethinking Information for Computationally Bounded Intelligence
Challenges and Research Directions for LLM Inference Hardware
DeepSeek Engram: Conditional Memory via Scalable Lookup
End-to-End Test-Time Training for Long Context
Computational intelligence in data-driven
Notes on Complexity
Complexity and the Econominy
A Tail Hedging Strategy
Trading volatility spread
option pricing, volatility, and advanced trading strategies
Dynamic Hedging
vLLM - LLM Serving Optimization: Paging, Routing, and Ranking
Jamba-1.5: Hybrid Transformer-Mamba Models at Scale
Google's Titans+Miras: Learning to Memorize at Test Time
LLM Architectures: Attention, Mamba, and Efficiency Tradeoffs
Grouped-Query Attention: Speed and Quality Through Uptraining
Cross-Layer Attention for KV Cache Optimization
Performers: Linear Transformers with Orthogonal Random Features
Linear Attention Transforms RNNs and Accelerates Autoregression
A Comprehensive Survey of Efficient Transformer Models
DeepSeek-V3: A Strong and Efficient MoE Language Model
Cake: Computation and I/O Aware KV Cache Loader
vAttention: Dynamic LLM Memory Without PagedAttention
Attention Is All You Need: The Transformer
Multi-Token Prediction for Efficient LLM Inference
Long Short-Term Memory and Recurrent Networks
The Theory of Poker: Deception and Expectation
A Definition of AGI
The Ultra-Scale Playbook Training LLMs on GPU Clusters
AIBrix: Scalable Control Plane for vLLM
Offloading LLM Attention: Q-Shipping and KV-Side Compute
PagedAttention: Efficient LLM Memory Management - Part 2
PagedAttention: Efficient LLM Memory Management
DeepSeek Deployment with SGLang: Disaggregation and Expert Parallelism
Markov Chains (and HMM) for Quantitative Finance Modeling
Cybernetic Analysis for Stocks and Futures - Part 2
Cybernetic Analysis for Stocks and Futures - Part 1
Quant 101
Trading Option Implied Volatility
Poker and Trading: Mastering Optimal Action in Uncertainty
Trend Following - Part 3: Managed Futures Strategies
Trend Following - Part 2: Pioneers and Systematic Trading
Trend Following - Part 1: The Philosophy and Practice
Stock Prediction Using Raw OHLCV and Triple Barrier Labeling
Consequences of Fat Tails
The Laws of Trading: Part 2 - Models, Markets, and Trading Systems
The Laws of Trading: Part 1 - Edge, Risk, and Liquidity
How OpenAI Uses Codex
Smart Portfolios: Part 4 - The Theory of Portfolio Rebalancing and Substitution
Smart Portfolios: Part 3 - Forecasting Returns, Models, and Active Management
Smart Portfolios: Part 2 - Top-Down Approach and Asset Allocation
Smart Portfolios: Part 1 - Building Intelligent Investment Portfolios
Evidence-Based Technical Analysis: Part 3 - Case Study
Evidence-Based Technical Analysis: Part 2 - Statistical Foundations of Technical Analysis and Data Mining
Evidence-Based Technical Analysis: Part 1 - Science and Inference
Best Loser Wins: The Trader's Inner Game
AI modeling for market prediction - 1
A Man For All Markets - Part 3: From Blackjack to Billionaires
A Man For All Markets - Part 2: Quantifying Market Swindles and Investment Edges
A Man For All Markets - Part 1: From Vegas to Wall Street
Qlib: An AI-Oriented Quant Investment Platform
Quantitative Trading: Part 2 - Automated Trading and Quantitative Strategies
Quantitative Trading: Part 1 - Building an Algorithmic Business
Thinking, Fast and Slow: Part 4 - The Psychology of Choices: Gains, Losses, and Mental Accounts
Thinking, Fast and Slow: Part 3 - The Psychology of Illusion and Intuition
Thinking, Fast and Slow: Part 2 - Cognitive Biases in Statistical Reasoning
Thinking, Fast and Slow: Part 1 - The Psychology of Judgment
Systematic Trading: Part 4 - Developing a Systematic Trading Strategy
Systematic Trading: Part 3 - Frameworks for Modular Trading Systems
Systematic Trading: Part 2 - Prudent Fitting and Optimization in Trading Systems
Systematic Trading: Part 1 - Designing Investment Systems
Leveraged Trading: Part 4 - Systematic Trading Strategies and Position Management
Leveraged Trading: Part 3 - Diversification and Trading Rule Enhancement
Leveraged Trading: Part 2 - Leverage, Costs, and Position Sizing for Traders
Leveraged Trading: Part 1 - Systems for Amateur Traders
Option Volatility & Pricing: Part 5 - Modeling Risk in Option Trading
Option Volatility & Pricing: Part 4 - Hedging and Volatility
Option Volatility & Pricing: Part 3 - Spreads, Synthetics, and Arbitrage in Options Trading
Option Volatility & Pricing: Part 2 - Random Walks, Risk Measurement, and Spreading Strategies
Option Volatility & Pricing: Part 1 - Forward Contracts, Options, and Theoretical Pricing
Quantitative Momentum: Part 2
Quantitative Momentum - Part 1
Advanced Futures Trading Strategies - Part 6: Tactics for Futures Trading Strategies
Advanced Futures Trading Strategies - Part 5: Relative Value: Spreads, Triplets, and Calendar Trades
Advanced Futures Trading Strategies - Part 4: Fast Mean Reversion: Strategies, Execution, and Safer Approaches
Advanced Futures Trading Strategies - Part 3: Beyond Trend: Breakout, Skew, and Portfolio Optimization
Advanced Futures Trading Strategies - Part 2
Advanced Futures Trading Strategies - Part 1
Options Arbitrage: Vertical, Convexity, Parity, and Box Spreads
The Volatility Edge: Trading VIX ETNs
Trading Implied Volatility Introduction and Strategies
Option Market Making Introduction and Risk Management
Option Volatility Trading Risk and Strategies
Option Gamma Trading Basics, Hedging, and Strategy
Stateful Agents: Memory for Language Models
Financial AI: Recent Advances in Modeling and Applications
HuggingGPT: LLM as Controller for AI Model Collaboration
Instant AI Agent: The ROYA example
Building AI with Foundation Models #5: AI Inference Optimization and Architecture
Building AI with Foundation Models #4: Finetuning and Dataset Engineering for LLM
Building AI with Foundation Models #3: In-Context Learning, Prompt Engineering, RAG, and AI Agents
Building AI with Foundation Models #2: Evaluating Foundation Models
Building AI with Foundation Models #1: An Overview
Delta Hedging Short Puts on Leveraged ETFs: Strategies and Performance
Manus AI Agent: Architecture, Autonomy, and Replication
Refining Large Language Models: Fine-Tuning Strategies and Practices
GraphRAG: Graph-Based Retrieval-Augmented Generation for Global Summarization
Building Intelligent Systems with LLMs: RAG and Agents
Natural Language Processing: Semantic Representation and Embeddings
Unlocking Data with Generative AI and RAG - Part 3
Unlocking Data with Generative AI and RAG - Part 2
Unlocking Data with Generative AI and RAG - Part 1
The Gorilla Game Part 4: Passing the baton
The Gorilla Game Part 3: Case studies
The Gorilla Game Part 2: The rules of the game
The Gorilla Game Part 1: Setting the context
EGB Ch10 - Levels of Description and Bach's Fugues
GEB Ch9 - Zen, Logic, and the MU-Puzzle: A Journey into Gödel
GEB Ch8 - Gödel, Escher, Bach: TNT and Zen Strings
GEB Ch7- Propositional Calculus: Symbols, Rules, and Theorems
GEB Ch6 - Information, Meaning, and Intrinsic Context
GEB Ch5 - Recursive Structures: Nesting, Music, Grammars, and Physics
GEB Ch4 - Contracrostipunctus, Art of Fugue, and Consistency in Formal Systems
GEB Ch3 - Figure, Ground, and Formal Systems: An Exploration
GEB Ch2 - The pq-System, Isomorphisms, and Formal Systems
GEB Ch1 - The MU-Puzzle and Achilles with the Tortoise
Gödel, Escher, Bach: An Eternal Golden Braid - Intro
Dynamic Hedging: Part 4
Dynamic Hedging: Part 3
Dynamic Hedging: Part 2
Dynamic Hedging: Part 1
Sapiens: A Brief History of Humankind, Part 4
Sapiens: A Brief History of Humankind, Part 3
Sapiens: A Brief History of Humankind, Part 2
Sapiens: A Brief History of Humankind, Part 1
Profiting with Iron Condor Options Part 3
Profiting with Iron Condor Options Part 2
Profiting with Iron Condor Options Part 1
Dr. Z's Black Swan Hedge
The Mental Game of Trading Part 3
The Mental Game of Trading Part 2
The Mental Game of Trading Part 1
Random Forests and Decision Trees
QQQ portfolio with collar hedging
Trading in the Zone 3
Trading in the Zone 2
Trading in the Zone 1
Market Wizards 5
Market Wizards 4
Market Wizards 3
Market Wizards 2
Market Wizards 1
Reminiscences of a Stock Operator 4
Reminiscences of a Stock Operator 3
Reminiscences of a Stock Operator 2
Reminiscences of a Stock Operator 1
Trend Following Analysis: The DSP Filter Approach
Robust Trend-Following Systems
Algorithmic Trading 4: Risk Management
Algorithmic Trading 3: Intraday Momentum
Algorithmic Trading 2: Mean Reversion Strategies
Algorithmic Trading 1: Backtesting and Automated Execution
The Black Swan 4
The Black Swan 3
The Black Swan 2
The Black Swan 1
The Adaptive Markets Hypothesis 6: Financial Markets and Technology
The Adaptive Markets Hypothesis 5: Hedge Funds and Market Efficiency
The Adaptive Markets Hypothesis 4: Fear, Greed, and the Neurobiology of Trading
The Adaptive Markets Hypothesis 3: Experiments and Evolutionary Models
The Adaptive Markets Hypothesis 2: The Origin of Behavior
The Adaptive Markets Hypothesis 1: Intro
The Perfect Portfolio 3: Investing Wisdom from the Pioneers
The Perfect Portfolio 2: Investing Wisdom from the Masters
The Perfect Portfolio 1: History
The Bogleheads' Guide to Investing 2
The Bogleheads' Guide to Investing 1
The Turtle Trader 2
The Turtle Trader 1
Dual Momentum Investing 3
Dual Momentum Investing 2
Dual Momentum Investing 1
Antifragile 7: Antifragility and Ethics
Antifragile 6: Things That Gain from Disorder
Antifragile 5: Things That Gain From Disorder
Antifragile 4: Antifragility and Optionality
Antifragile 3: Fat Tony, Seneca, and the Barbell Strategy
Antifragile 2: Modernity and the Denial of Hormesis
Alpha Trader 4: Adapt and Thrive
Alpha Trader 3: Mastering Market Microstructure and Narrative
Alpha Trader 2: Cognitive & Non-Cognitive Traits for Success
Alpha Trader 1: The Ideal Trader
Trend Following 8: Managed Futures, Hedge Funds, and Portfolio Construction
Trend Following 7: Risk Management and the "Grab a Bargain" Trading System
Trend Following 6: Lifting the Veil
Trend Following 5: Conversations with Pioneers
Trend Following 4: Holy Grails
Trend Following 3: A Statistical Approach
Trend Following 2: Winning in Volatile Markets
Trend Following 1: How Markets Really Work
The Snowball Part 6
The Snowball Part 5
The Snowball Part 4
The Snowball Part 3
The Snowball Part 1 and 2
Deep Survival: Who Lives, Who Dies, and Why Part 2
Deep Survival: Who Lives, Who Dies, and Why Part 1
More Money Than God Part 5
More Money Than God Part 4
More Money Than God Part 3
More Money Than God Part 2
More Money Than God Part 1
Reminiscences of a Stock Operator Part 4
Reminiscences of a Stock Operator Part 3
Reminiscences of a Stock Operator Part 2
Reminiscences of a Stock Operator Part 1
The Essays of Warren Buffett Part 4
The Essays of Warren Buffett Part 3
The Essays of Warren Buffett Part 2
The Essays of Warren Buffett Part 1
One Up on Wall Street Part 3
One Up on Wall Street Part 2b
One Up on Wall Street Part 2a
One Up On Wall Street Part 1
The Man Who Solved the Market Part5
The Man Who Solved the Market Part4
The Man Who Solved the Market Part3
The Man Who Solved the Market Part2
The Man Who Solved the Market Part1
Trading Volatility 6: Skew and Term Structure Strategies
Trading Volatility 5: Advanced Volatility
Trading Volatility 4: Forward Starts, Exotics, and Correlation
Trading Volatility 3: Opportunities, Risks, and Market Dynamics
Dont Trust Your Gut Ch2 - The Surprising Science of Parenting
Don't Trust Your Gut Ch1 - How to find better relationship
Trading Option Greeks Part 4: Advanced Option Trading
Trading Option Greeks Part 3: Trading Volatility
Trading Options Greeks Part 2: Spreads
Trading Options Greeks Part 1: Basics
Talk on Expected Returns Part 3
Talk on Expected Returns Part 2
Talk on Expected Returns Part 1
Trading Volatility 2: Volatility & Correlation Trading
Trading Volatility 1 - Directional Volatility Trading
Trading Options for Edge Talk 3
Trading Options for Edge Talk 2
Trading Options for Edge Talk 1
Option Traders Hedge Fund 3: Lessons from the Trading Floor on Volatility
Option Traders Hedge Fund 2: Strategies and Portfolio Management
Option Traders Hedge Fund 1: Options Trading as an Insurance Business
Talk 6 on Intelligent Investor - Shareholders, Management, and the Margin of Safety
Talk 5 on Intelligent Investor - Shareholders, Management, and the Margin of Safety
Talk 4 on Intelligent Investor - Mastering Security Analysis and Selection
Talk 3 on Intelligent Investor - Crafting a Robust Portfolio Strategy
Talk 2 on Intelligent Investor - Understanding Market Dynamics and History
Talk 1 on Intelligent Investor - Foundations of Intelligent Investing
Talk 4 on Random Walk Down Wall Street
Talk 3 on Random Walk Down Wall Street
Talk 2 on Random Walk Down Wall Street
Talk 1 on Random Walk Down Wall Street
Talk about Stocks for the Long Run