On this week's episode of The Riff, Erik and Byrne talk about meme stocks, the nature of reserve currencies, and why you should consider not owning a home in America. beehiiv: Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months. --- This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. --- SPONSORS: beehiiv Head to beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months --- RECOMMENDED PODCAST: Autopilot explores the adoption and rollout of AI in the industries that drive the economy and the dynamic founders bringing rapid change to slow-moving industries. From law, to hardware, to aviation, Will Summerlin interviews founders backed by Benchmark, Greylock, and more to learn how they're automating at the frontiers in entrenched industries. Listen on Spotify: https://open.spotify.com/show/6YQZkKHN7EP2yWedAvSxBC?si=18377c69a2804333 Listen on Apple: https://podcasts.apple.com/ca/podcast/autopilot-with-will-summerlin/id1738163836 Timestamps: (00:00) Intro (00:27) The case against home ownership (06:07) The U.S. Dollar as a reserve currency (17:49) Sponsor: beehiiv (18:59) Colluding in the oil industry (24:57) Meme stocks (27:40) Why it's hard to copy Renaissance Technologies (36:40) The shutdown of Weiss Multi-Strategy (40:16) Alternative financial histories (45:46) How NewBank attracts talent (49:46) App store dynamics (52:17) Optimal financial education (56:59) Investing in people (01:01:28) Wrap --- LINKS: Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/eriktorenberg (Erik) https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine) --- For guest or sponsorship inquiries please contact [email protected] This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit theriffpodcast.substack.com