Patrick McKenzie (patio11) podcast on technology, finance, and systems thinking.

We publish episodes weekly on Thursdays.
Full transcripts included.

Complex Systems

Latest Episodes

Understanding perpetual futures

Understanding perpetual futures
The economics of discovery, with Ben Reinhardt

The economics of discovery, with Ben Reinhardt
Understanding equity at tech companies, with Billy Gallagher of Prospect

Understanding equity at tech companies, with Billy Gallagher of Prospect
The $4,000 insurance policy designed to never pay out

The $4,000 insurance policy designed to never pay out
How deposit insurance actually works

How deposit insurance actually works
Home improvement lending with fewer bankers and more computers

Home improvement lending with fewer bankers and more computers