He founded Allan Gray Limited in 1973 and later Orbis, building two of the most respected contrarian value managers in the world. His creed was simple: buy what others fear, and hold through the discomfort. Intensely private, he gave almost no interviews and let a multi-decade record speak for itself. This is the story of Allan Gray, South Africa's greatest investor.

In November 2021, Bitcoin hit $69,000. A digital JPEG of a pixelated ape sold for $3.4 million. The combined market cap of cryptocurrencies briefly exceeded $3 trillion. A 30-year-old in cargo shorts named Sam Bankman-Fried was on the cover of every business magazine on earth, called the next Warren Buffett, donating tens of millions to politicians, talking about effective altruism.

A year later, Bitcoin was at $16,000. The NFT market was a graveyard. FTX, the second largest crypto exchange in the world, valued at $32 billion, filed for bankruptcy in 11 days. Eight billion dollars of customer money was missing. SBF was arrested in the Bahamas and sentenced to 25 years in federal prison.

This is the season finale of Market Mayhem — the story of the crypto bubble and FTX collapse, the most spectacular speculative mania of the modern era, and the timeless lessons four hundred years of market history have been trying to teach us.

Market Mayhem EP18 — A Complete Trader's Edge Production

📖 Get the book: https://completetradersedge.com/market-mayhem-book/

Greatest Companies — Episode 9

Almost every advanced chip on earth, in your phone, your car, and the AI data centres reshaping the world, is made by one company in Taiwan that most people have never thought about. TSMC chose to build nothing of its own and manufacture everyone else's designs instead, and that single decision made it one of the most strategically important companies on the planet.

This is the story of the foundry model, the bet on pure manufacturing, and the advantage measured in physics and decades of accumulated know-how.

The Greatest Companies series studies the businesses that built the modern world, as proof of a simple idea: every legendary company begins with an idea that looks improbable, survives a stretch where failure looks inevitable, and reaches a point where success looks obvious. The opportunity lives in the space between the second and third.

Not investment advice; for educational and historical purposes only.

On December 21, 2020, Tesla was added to the S&P 500 index. In the weeks leading up to inclusion, the stock rose approximately seventy percent. There was no fundamental news. No earnings surprise. No product announcement. The move was driven entirely by passive index funds being forced to buy a stock they previously had no exposure to.

This is the index machine. It is now the largest single source of equity demand in the world.

This is Episode 9 of Inside the Machine: How Markets Really Work.

In this episode:

• How passive investing reshaped equity demand
• The Tesla S&P 500 inclusion as a case study
• The Russell reconstitution and quarterly rebalancing flows
• Triple witching and the mechanics of index expiry
• What passive flows mean for price discovery

Timestamps:0:00 Cold Open — Tesla's $150 Billion Move2:00 How Passive Investing Changes Demand5:30 The Tesla S&P 500 Inclusion9:00 Russell Reconstitution and Rebalancing12:00 Triple Witching and Index Expiry14:30 What This Means for Your Trading

Read the full article and free Mind · Method · Money trading framework:https://completetradersedge.com/passive-investing-etf-effect-on-stock-prices/

Greatest Companies — Episode 8

For ten years, Microsoft's stock went nowhere. The world declared it a dinosaur that had missed search, missed mobile, missed the future. Then a quiet engineer named Satya Nadella took over and built one of the most valuable companies on earth on top of the wreckage everyone had written off.

This is the story of the lost decade, the cloud bet, and the comeback almost no investor saw coming.

The Greatest Companies series studies the businesses that built the modern world, as proof of a simple idea: every legendary company begins with an idea that looks improbable, survives a stretch where failure looks inevitable, and reaches a point where success looks obvious. The opportunity lives in the space between the second and third.

Not investment advice; for educational and historical purposes only.

He began trading the Bombay Stock Exchange in the 1980s with a few thousand rupees, around $100. By the time he died in 2022 he was one of India's richest men, widely called the Big Bull of Dalal Street and India's own Warren Buffett.

His signature holding, the watch and jewellery maker Titan, multiplied many times over two decades.

This is the story of Rakesh Jhunjhunwala.

🌐 Website: https://completetradersedge.com

On March 8, 2022, the price of nickel on the London Metal Exchange went from $50,000 a tonne to $100,000 a tonne in a matter of hours. A single position, held by a Chinese tycoon named Xiang Guangda, was facing a margin call of around $8 billion. The LME, founded in 1877, did something no major commodities exchange had ever done. It cancelled the trades.

Eight billion dollars of P&L was reversed by administrative fiat.The losing side included some of the largest hedge funds and trading houses on earth. They sued. The reputation of the world's oldest metals market may never fully recover.

This is the story of the 2022 nickel squeeze — the short that almost broke a billionaire, the exchange that broke its own rules, and the question every commodities trader has had to answer since: when the rules are made up, are you really in the market you think you are?

Market Mayhem EP17 — A Complete Trader's Edge Production📖 Get the book: https://completetradersedge.com/market-mayhem-book/

He started with 1.6 million yen, around $13,600, after university. Eight years later, trading entirely from a small apartment in Chiba, he had built it into roughly 18 billion yen, about $153 million.

He is known only by his online handle, BNF. He gave one televised interview and then disappeared. This is what is known about the most famous day trader in Japanese history.