Forum
OPRR
Finance
Specials
On-chain Eco
Entry
Podcasts
Data
My guest today is Jonathan Birnbaum, the Founder and CEO of OpenYield. After over a decade in finance, Jon set out to tackle a challenge close to my heart—bringing a modern trading experience to the world of Fixed Income. Today, he breaks down how market structure, technology, and regulation have shaped the evolution of trading platforms. We also cover the challenges of modernizing bond trading, the role of liquidity providers, and the cold start problem. Please enjoy this conversation with Jon Birnbaum.
For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
-----
Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes
(00:00:00) Welcome to Making Markets
(00:01:31) Technological Advancements in Bond Markets
(00:02:19) Catalysts for Innovation in Equity vs. Fixed Income
(00:04:41) Impact of ETFs on Fixed Income Trading
(00:05:06) Emergence of New Market Participants
(00:07:33) Subsectors of Fixed Income and Technology Adoption
(00:08:45) Challenges in Electrifying the Bond Market
(00:10:59) OpenYield's Role in the Fixed Income Market
(00:15:16) Strategies for Building a Trading Venue
(00:18:00) Pricing Models in Bond Trading
(00:23:05) Future of Fixed Income Market Structure
(00:39:17) Future Outlook
Learn more about your ad choices. Visit megaphone.fm/adchoices
My guest today is Evan Tindell. Evan graduated from MIT and became a professional poker player before entering the investing world. He’s now the co-founder and CIO of Bireme Capital, where he’s delivered over 19% annualized returns since 2016 by sticking to classic, old-school value investing. In this conversation, we talk about how Evan developed his philosophy, why he stuck with value through challenging cycles, and how he thinks about shorting meme stocks in a market dominated by narratives and momentum. We also dive into his views on the Mag 7, Tesla, Japan, and how he’s using AI tools for his research. Please enjoy this conversation with Evan Tindell
For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
-----
Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes
(00:00:00) Welcome to Making Markets
(00:00:29) The Cyclical Nature of Value Investing
(00:01:21) Challenges and Opportunities in Value Investing
(00:04:53) Short Selling Strategies and Risks
(00:09:39) Tesla and the Impact of Politics on Stocks
(00:15:40) The MAG Seven and Market Concentration
(00:25:44) Investment Opportunities in Japan
(00:32:13) The Role of AI in Modern Investing
(00:35:44) Market Outlook
Learn more about your ad choices. Visit megaphone.fm/adchoices
