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Inside Baseball with Old Chestnut

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Inside Wall Street with Morris Sachs and Liam Allen. Recommended viewing: The Sting Trading Places Groundhog Day YouTube: Charlie DiFrancesca Full Length Speech 1989 Recommended Reading: 1.Modern Times - Paul Johnson 2. Atlas Shrugged- Ayn Rand 3. *redacted* 4. Reminiscences of a Stock Operator- Edwin Lefevre 5. Lessons of History - Will Durant Daily Reading : Grant’s, GaveKal, Macro Tourist, Daily Shot, Anthony Peters, David Zervos, NYPost, FT, WSJ, NYT, SCMP, Chicago Tribune, Real Deal, Zero Hedge, Reuters, Bloomberg. Daily Listening : Phish
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Episodes

One Last Time, For Old Time's Sake

Hosts Liam Allen and Leslie Harris deliver a poignant farewell to their co-host and friend, Morris Sachs, who privately battled a brain tumor for three years. They share intimate details from his life, including his distinguished Wall Street career, his passion for extreme sports, and his profound dedication to family. The episode celebrates Morris's integrity, leadership, and the immense purpose he found in connecting with listeners through the podcast, which he continued until his final days, leaving an indelible mark on countless lives.

Apr 06, 202557 minSeason 5Ep. 6

Weed It, Water It, HP 12C It.

Hosts discuss personal financial reviews, the philosophy of actively managing investments, and introduce listeners to the HP 12C calculator as a critical tool for retirement planning. They delve into setting financial goals, understanding compound interest, and practical strategies for long-term wealth building, alongside broader commentary on market trends and societal issues.

Mar 02, 202541 minSeason 5Ep. 3

Don't Tread On UST

This episode explores the complex and often nefarious ways people, including family, behave with money, particularly concerning elderly individuals and inherited funds. It delves into personal anecdotes of elder exploitation, the challenges of financial planning, and the pitfalls of being an executor. The hosts also pivot to broader economic discussions on national debt, AI's market impact, and political polarization, all while reflecting on the difficulty of maintaining objectivity amidst strong opinions.

Feb 10, 20251 hr 9 minSeason 5Ep. 3

The Hunter Can Make Many Mistakes, The Hunted, Only One

This episode covers a wide array of topics, from financial market dynamics like CEO compensation and the subprime crisis to geopolitical events such as the China Treasury hack and the impact of migration on European cultures. The hosts also delve into personal anecdotes about private aviation, the challenges of modern parenting, and a critique of the changing ski resort industry. They offer insights into market movements, investment strategies, and the intersection of finance with daily life.

Jan 18, 20251 hr 25 minSeason 5Ep. 2

You Cannot Short America

This episode delves into various topics, starting with a strong critique of hedge fund manager David Einhorn's market views and emphasizing the importance of market inefficiencies for traders. It transitions to personal anecdotes, including valuable life lessons and observations on real estate, family dynamics, and societal issues like affordable housing. The hosts also share insights into unique business opportunities and wrap up with lighthearted discussions on food, travel, and personal experiences, all while maintaining their distinct, often humorous, perspective.

Jan 11, 20251 hr 39 minSeason 5Ep. 1

IBWOC Holiday Spectacular

Hosts Liam Allen and Morris Sachs explore a wide range of topics, from personal reflections on retirement, wealth, and finding purpose, to the joys and struggles of parenting in modern times, including humorous anecdotes and critiques of private education. They also delve into market analysis, discussing successes, failures like the Tether prediction, Fed policy, and Morris's unique "all-in" trading strategies, illustrated with captivating stories of muni bonds and Matterhorn climbs, ultimately offering valuable life and financial wisdom.

Dec 22, 20241 hr 21 minSeason 4Ep. 37

NEW JERSEY DRONE SPECIAL EDITION

Liam Allen presents a special New Jersey drone-themed music playlist, featuring iconic artists from or associated with the Garden State and songs inspired by aviation. The episode delves into a curated selection, from Whitney Houston's powerful anthem to classic rock anthems by Bon Jovi and Bruce Springsteen. The host shares strong opinions on musical artistry, contrasting legends with contemporary pop stars, all while exploring the metaphorical "drones" observing industrial New Jersey.

Dec 15, 20241 hr 26 minSeason 4Ep. 37

That Which Can't Continue, Won't.

The hosts dive into a wide range of subjects, beginning with a nostalgic look at influential sports leaders and a humorous take on the trending name "Liam." The conversation then shifts to more serious global and economic issues, including executive safety concerns, political tensions, and a detailed analysis of bond markets and Fed policies. The episode also features a compelling discussion on Bitcoin's ethical quandaries and personal investment lessons, concluding with pop culture references and podcast updates.

Dec 08, 202459 minSeason 4Ep. 36

Take Me To Your Leader

This episode delves into the critical lack of leadership in modern society, questioning who truly serves as a role model today, from politicians to business figures like Jamie Dimon and even cult figures like Michael Saylor. The hosts also share personal anecdotes, including a rainy Macy's Parade adventure and a surprising story of Bitcoin's humanitarian use case, offering reflections on wealth, work, and personal ethics in today's complex world. They touch on economic indicators and the impact of FOMO on younger generations.

Nov 30, 20241 hr 12 minSeason 4Ep. 35

You Do Your Thing, I Will Do Mine

Liam and Morris share personal anecdotes, including Morris's costly car ownership experiences and Liam's terrifying double black diamond snowboarding trip in Jackson Hole with an influential mentor. The hosts delve into the aftermath of the recent election, criticizing political leadership and the reliability of polls, before shifting to financial discussions on Fed policy, market outlooks, and the contentious debate around Bitcoin. The episode concludes with musings on wealth, social issues, and the complexities of raising daughters in modern society.

Nov 10, 20241 hr 9 minSeason 4Ep. 34

Better Late Than Never

This episode delves into a mix of personal anecdotes, financial market critiques, and social commentary. The hosts explore the underperformance of active fund managers, dissect the complexities and tax advantages of life insurance while cautioning against deceptive sales practices. They also highlight the overlooked value of skilled trades, muse on Jewish cultural dynamics, and share candid opinions on politics and the difficulties of finding good restaurants in Greenwich.

Nov 03, 20241 hr 28 minSeason 4Ep. 33

Corrections, Election, Introspection.

Liam Allen and Morse Sachs discuss corrections on temple security and an ETF. They delve into put-call parity and pin risk, then explore the potential fraud of Tether and its dire market implications. The episode also highlights Goldman Sachs' resurgence under David Solomon, the importance of market caution, and the unsettling geopolitical climate. They critique US election dynamics, economic indicators, and the ongoing housing crisis, concluding with reflections on political theater and listener engagement.

Oct 27, 20241 hr 11 minSeason 4Ep. 32

Swimming With The Stream

The hosts explore current market dynamics, including the Fed's interest rate policies and the intricacies of bond market mechanics. They share personal trading stories, cautionary tales about leveraged ETFs, and critiques of public figures like Bill Ackman and Kathy Wood. The discussion also touches upon socio-economic issues such as housing affordability, social unrest, and political hypocrisy, concluding with recommendations and reflections on career luck.

Oct 13, 20241 hr 17 minSeason 4Ep. 31

There's Some Judgement Involved

Liam and Morris delve into the Fed's recent rate cut, labeling it a "blunder" due to persistent inflation and its negative effects on the housing market for young families. They discuss the challenges of modern life, from children's screen time to Gen Z's workplace struggles, contrasting different management styles. The hosts also explore the complexities of risk management in trading, the impact of geopolitical tensions, and the unreliability of economic data, while sharing personal anecdotes about wealth, taxes, and societal issues.

Oct 06, 20241 hr 15 minSeason 4Ep. 30

Your Time, Your Value, Your Money.

Morris and Liam delve into what it takes to achieve greatness in professional trading, advocating for continuous learning in accounting and business law, and unique market insights from sources like Doomberg. They discuss the profound emotional bonds formed in high-pressure trading environments and contrast benevolent leadership with incompetent management. The episode also touches on the intense personal sacrifices of a trading career, the ethics of financial practices, and an unexpected segue into the geopolitical implications of 9/11, concluding with reflections on teamwork and Jewish resilience in finance.

Sep 08, 20241 hr 15 minSeason 4Ep. 28

Some People Chase Fees, Others Avoid Them At All Costs.

The hosts critique the ruling class's exemptions and discuss social issues, particularly violence in Chicago, and call out perceived inaction from figures like Barack Obama. They then delve into financial advice, contrasting individual and professional investment approaches, dissecting the pitfalls of private equity, and offering insights into estate planning and the complexities of life insurance. The episode concludes with a strong warning against lending money and reflects on the podcast's journey to help hard-working Americans navigate their finances.

Sep 01, 202456 minSeason 4Ep. 27

Zero Rates = Beer Goggles.

The hosts express frustration with endless central bank rate cut discussions, highlighting MB's "beer goggles" analogy for zero rates and skepticism towards new market trends like Bitcoin and AI. They discuss prudent investment strategies, drawing lessons from Howard Marks' wisdom and MB's past real estate and trading misadventures, particularly in commercial real estate. The episode concludes with a heartfelt appeal for listeners to engage in mentorship through Big Brothers Big Sisters, sharing personal stories about its transformative power.

Aug 25, 20241 hr 1 minSeason 4Ep. 26

The Easiest Time To Invest is NOW.

Morris Sachs and Liam Allen discuss navigating volatile markets, including strategies for trading preferred shares and the critical role of experienced brokers. The conversation also delves into personal achievements in challenging sports like Leadville, contrasting mental toughness with public figures. The episode concludes by examining global uncertainties, the perceived ineffectiveness of the UN, and the hosts' current investment philosophy of caution and strategic patience.

Aug 17, 20241 hr 4 minSeason 4Ep. 25

MARKETS IN TURMOIL EMERGENCY PODCAST

This emergency podcast episode features Morris Sacks and Liam Allen dissecting recent market turmoil, celebrating the validation of their cautious trading strategies through a successful put trade. They discuss the importance of liquidity, strategic reserves, and patient long-term cash positions to capitalize on downturns. The hosts also expose brokerage outages during the panic and offer strong criticism of Bill Ackman's problematic social media habits, concluding with appreciation for their loyal listeners and team.

Aug 07, 202431 minSeason 4Ep. 24

Never Make A Decision In The Room

This episode of Inside Baseball delves into recent market corrections and the hosts' successful, albeit unconventional, trading strategies, highlighting the critical role of intuition and stepping away from pressure to make sound financial decisions. They also explore the often-overlooked benefits of professional wealth management for those navigating complex financial landscapes and touch upon current geopolitical and local news with their signature wit.

Aug 03, 20241 hrSeason 4Ep. 23

What Do You Want It To Be?

This episode dives into the controversial investment strategies of Kathy Wood, critiques her financial claims, and explores deep skepticism around AI, drawing insights from

Jul 20, 20241 hr 2 minSeason 4Ep. 22

Are The Bond Vigilantes In The Room With Us Now?

The hosts open with behind-the-scenes insights on podcast music choices and share personal anecdotes about overcoming trading failures and grueling athletic challenges like the Leadville 100 race, highlighting resilience. They transition to a critical examination of current US political leadership, discussing President Biden's cognitive health, Kamala Harris's past, and the broader issue of older politicians clinging to power. Economic discussions cover the national deficit, potential radical solutions, and the historical context of "bond vigilantes." Finally, they delve into the skepticism surrounding AI and Bitcoin, contrasting their perceived benefits with practical applications and investment strategies for disruptive technologies, concluding with thoughts on market outlook and justice system flaws.

Jul 13, 20241 hr 13 minSeason 4Ep. 21

Tonight, You're Just Gonna Have To Settle For Rock'n'Roll

On Independence Day, Inside Baseball with Old Chestnut delivers a special episode focused on "good old American rock and roll." Hosts Liam Allen and Chuck share personal anecdotes, including past pressures to attend college, a memorable motorcycle accident, and career advice from their father. The episode largely consists of extended musical sets, creating a celebratory and reflective atmosphere for the holiday.

Jul 04, 20241 hr 42 minSeason 4Ep. 20

You Don't Need A.I, You Need a WIFE.

The hosts navigate personal anecdotes, including extensive dog-sitting duties and pollen-induced fatigue, before diving into broader societal issues. They discuss the critical need for political will, drawing parallels to Eisenhower's infrastructure projects, and critique the current leadership void. The conversation also covers the contentious topic of handgun ownership for home defense and a deep dive into market dynamics, cautioning against AI hype like Nvidia, analyzing the GameStop phenomenon, and highlighting overlooked economic indicators such as layoffs and commercial real estate woes.

Jun 09, 202454 minSeason 4Ep. 18

Do SOMETHING! Make Something of Yourself!

Liam and Morris discuss current market stability, the federal budget deficit, and the impact of the upcoming election, including a critical look at former President Trump's legal challenges. They also share personal experiences with hedge fund redemptions and debate Bill Ackman's decision to take Pershing Square public. The conversation shifts to nostalgic reflections on early trading career days at the Chicago Board of Trade, contrasting past and modern market ethics, and later touches on college campus protests, the Israel-Hamas conflict, and a lively debate about e-bikes, culminating in a discussion about Everest tourism and the personal challenge of rock climbing.

Jun 02, 20241 hr 11 minSeason 4Ep. 17

When Is It Enough?

Liam and Morris unpack the GameStop phenomenon and the "Dumb Money" movie, leading to a broader critique of hedge funds and the pursuit of excessive wealth, alongside a discussion of personal investment philosophy in a changing market. They also examine Wall Street's demanding work culture and the diminished prestige of working for major financial institutions. Interspersed are engaging anecdotes about dining experiences, the philanthropy of Jim Simons, controversial historical theories, economic inequality, and a lively debate about the ethics and enjoyment of e-bikes versus traditional cycling.

May 18, 20241 hr 16 minSeason 4Ep. 16

If You Don't Like It, Don't Listen.

The hosts open by analyzing current market trends, dismissing the impact of rate hikes, and discussing the ongoing debate about Federal Reserve independence, touching on political figures and investment strategies. They critique hedge fund shorting practices through the lens of GameStop and Carvana, highlighting the risks and perceived arrogance in the industry. The conversation then shifts to a deeply personal and critical commentary on recent college campus protests, drawing parallels to historical events and expressing profound concern about rising antisemitism, societal division, and the hypocrisy observed in these movements. The episode concludes with a discussion on wealth inequality, tax loopholes, and the need for greater honesty in financial and social policy.

May 05, 20241 hr 18 minSeason 4Ep. 15

We All Evolve

The hosts delve into the impact of digital devices on cognition and communication, advocating for reduced screen time and more traditional interaction. They explore political polarization, referencing Eric Hoffer's "The True Believer," and offer a detailed critique of municipal bond ETFs and Kathy Wood's investment strategies. The episode concludes with a review of The Sphere concert experience, thoughts on real estate, and a satirical take on college campus protests.

Apr 28, 20241 hr 7 minSeason 4Ep. 14
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