Transcript
Introduction
Matt
This is Matt Reustle and we've got a short special episode today on Alpha in Podcasts. Now, what sparked this episode? Well, I'm glad that you asked. A few weeks ago, a Wall Street Journal article highlighted the behemoth Millennium had hired portfolio manager Steve Schurr from Balyasny with a potential $100 million payout. Who said you need to be an AI engineer to cash in, right?
The Journal noted that Schurr is known for mining overlooked sources of research such as podcast transcripts. The article also noted his team generated $150 million in investment profits for Balyasny in 2023 and $250 million in 2024. And as I like to say, hey, that'll pay for lunch.
Now, I'm not here to tell you that there is massive alpha waiting for you on this podcast or on any podcast. If I had to guess, this has more to do with industry commentary coming from niche podcasts. I can remember listening to an old oil field services podcast way back when, and it is amazing what you get from people on the ground, and what they see, and how often that can differ from broader sentiment.