Risk of Ruin

Half Kelly Media

Audio documentaries about risk takers.

  • 1 hour 17 minutes
    Startup Sports League

    Jake Hoselton is the CEO of Grass Clippings. Pete Wilson is the CMO of Grass Clippings. Howard Lindzon is the Managing Partner of Social Leverage.

    The guests talk about trying to build a new high stakes par 3 golf league.

    Links:

    2024 Grass Clippings Open
    https://www.youtube.com/watch?v=6cX0ktag2kA
    2024 Good Good Desert Open
    https://www.youtube.com/watch?v=PE7t7K173-U

    Follow Grass Clippings on X (formerly Twitter):
    https://x.com/GrassClippingsc
    Follow Howard Lindzon on X (formerly Twitter):
    https://x.com/howardlindzon

    Follow the show on X (formerly Twitter): 
    https://x.com/halfkelly

    Support the show links:
    https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit

    26 July 2024, 2:00 am
  • 1 hour 35 minutes
    Movers

    Curtis, Phil, and Reilly are professional sports bettors that provide the valuable service of getting down for originating groups. They are logistics providers in the gambling world. They talk about starting as casino APs, finding sports, and having several hundred thousand dollars taken from them by a  sportsbook.

    Find Reilly on X. https://twitter.com/ValleyBlitz_15

    Support the show credit card links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit?usp=sharing

    Email us: risk of ruin pod at gmail
    Follow on X: https://twitter.com/halfkelly

    24 July 2024, 11:00 am
  • 1 hour 1 minute
    Credit Card Arbitrage

    Matt writes the blog "Miles Earn and Burn" which stands alone in the credit card space. He has no ads on the site, and he writes about advanced strategies that don't make it into the mainstream travel blog world. The post that got me interested in having Matt as a guest said basically: go to your local credit union and see if there's anything that you might be able to profit from. In the advantage play world that would be called scouting. In the manufactured spend world it's known as probing. https://milesearnandburn.com/index.php/2023/09/29/taking-a-stroll-to-the-local-financial-district/

    Email the show: risk of ruin pod at gmail
    Follow us on Twitter: https://twitter.com/halfkelly

    23 July 2024, 11:00 pm
  • 58 minutes 29 seconds
    You Can't Beat the Lottery*

    Mr. Doppy became an advantage player hustling the video poker game Ultimate X. Since then he's gone after online sports books, credit card points, and also a state lottery.

    Mr. Doppy's Twitter account: https://twitter.com/MrDoppy

    Support the show links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit

    Email the show: Risk of ruin pod at gmail dot com
    Follow us on Twitter: https://twitter.com/halfkelly

    23 July 2024, 1:00 am
  • 1 hour 13 minutes
    The Audacity of Help

    Richard Munchkin and Darryl Purpose are career advantage players. Over the past 40 years they've teamed up to win millions of dollars from casinos. In this episode they recount some of the war stories and also offer reflections on the nature of teamwork.

    Darryl Purpose's music website: https://darrylpurpose.com/
    Richard Munchkin / Gambing With an Edge: https://www.lasvegasadvisor.com/gambling-with-an-edge/category/podcast/
    Earlier episode of Risk of Ruin featuring Richard and Darryl: https://podcasts.apple.com/us/podcast/david-goliath-part-i/id1527018692?i=1000493338179
    James Grosjean's "Beyond Coupons": https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdf


    Email the show: risk of ruin pod at gmail
    Follow us on Twitter: https://twitter.com/halfkelly

    21 July 2024, 6:00 pm
  • 55 minutes 27 seconds
    Zero, by Way of a Hundred

    John Hempton runs Bronte Capital, which generates its excess returns primarily through shorting fraudulent companies. John walks through a hypothetical short, explaining how they find it, how they size positions, and the kinds of returns that can be expected. He also discusses his shorts of Valeant Pharmaceutical and Wirecard.

    John Hempton on Twitter: https://twitter.com/John_Hempton
    John's Blog: http://brontecapital.blogspot.com/
    Netflix documentary on Valeant: https://www.imdb.com/title/tt7909184/

    Email the show: [email protected]
    Follow the show on Twitter: https://twitter.com/halfkelly

    21 July 2024, 2:00 am
  • 53 minutes 32 seconds
    Life's Too Short

    Marc Cohodes made a living exposing fraudulent companies, and profiting when their stock prices collapsed. But the life of a short seller is spent on a high wire because executives willing to engage in fraud don't play by the rules when their freedom is at stake. Marc tells the stories of the adversity he's faced holding public companies accountable.

    Marc recounts the war stories from his shorts of iomega, TCBY, Lernout & Hauspie, Novastar Financial, Jos. A Bank, Bally Manufacturing, Direct Focus, and more.

    Follow Marc on Twitter: @alderlaneeggs
    Marc's Mimedx Website: http://petiteparkerthebarker.com/

    Email the show: [email protected]
    Twitter: @halfkelly

    20 July 2024, 12:00 am
  • 49 minutes 55 seconds
    The Road of Trials

    Houyi went from Yale Law School to a job in finance before he left it all behind to become a professional advantage player. He talks about counting cards, learning to play hole cards, traveling the world, and a fateful poker game in Cambodia.

    Email the show: [email protected]
    Follow us on Twitter: @halfkelly

    19 July 2024, 6:00 am
  • 1 hour 3 minutes
    Inside Long Term Capital

    The story of Long Term Capital Management as told by LTCM partner Eric Rosenfeld. Eric earned a PhD from MIT, then taught at Harvard Business School, then became a trader at Salomon, then was a founding partner of LTCM.

    Resources:

    HBS Study on LTCM dividend

    Eric's talk at MIT in 2009

    Michael Lewis article on LTCM

    When Genius Failed, Roger Lowenstein

    Follow the show on Twitter: @halfkelly
    Email: [email protected]
    Web: halfkelly.com

    17 July 2024, 8:00 pm
  • 1 hour 9 minutes
    Value Traps

    David Orr is a former poker player turned fund manager. He started out investing with a value bias, and then eventually did a 180 and started shorting value traps. He talks about how his strategy evolved and also his plan to grow his fund.

    Follow David on Twitter: https://twitter.com/orrdavid

    Support the show links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit

    Follow the show on Twitter: https://twitter.com/halfkelly

    Email: risk of ruin pod at gmail

    27 May 2024, 8:00 pm
  • 46 minutes 51 seconds
    Greetings from Las Vegas - Part I

    Mark DeRosa, Zack White, and Rufus Peabody. The story a group of friends from Appalachian State that went on to team up with an econ grad from Yale. They started playing casino games and eventually would go on to bet the max at sports books all over Las Vegas.

    Follow Zack White on Twitter.

    Follow Mark DeRosa on Twitter.

    Follow Rufus Peabody on Twitter.

    Rufus's betting analytics startup: Unabated. 

    4 March 2024, 11:00 am
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