Ep. 335: Marc Rubinstein on AI Bubble, Private Credit, Jane Street Rise

Marc Rubinstein is author of Net Interest – a leading weekly newsletter on the world of finance. Before this, Marc spent ten years at leading hedge fund Lansdowne Partners, where he was a partner and portfolio manager. This was after he spent time on the sell-side working for Barclays Investment Bank (BZW), Schroders and then Credit Suisse, where he was head of the European banks research team. In this podcast we discuss:.   AI bubble historical analogies  1907 crisis and non-bank growth  Private credit risks  Fraud cycles and market corrections  Jane Street's technological edge  Exchanges commoditise trading  Banks adopt blockchain technology  Fintech challenges incumbents  AI disrupts entry-level finance jobs  Books mentioned: 1929 (Andrew Ross Sorkin), Land Trap (Mike Bird)