The Real Reason a 24-Year-Old Just Lost $24 Billion

Signal vs Noise: Jackson Mikalic, Michael Tanguma, Brian Cubellis, and Liam Nelson put four stories on the shot clock. They break down Leopold Aschenbrenner's Situational Awareness fund blowing up and getting scooped by Citadel as South Korea's market sheds roughly $2 trillion in 40 days, Elizabeth Warren and Donald Trump agreeing to scrap the debt ceiling, Fauci pleading the fifth before Rand Paul, and open source tools like Granola and Whoop getting reverse engineered overnight. Where's the signal, and where's the noise?

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🎙️ About The Show

Signal vs Noise: a twice weekly show unpacking the five biggest stories across capital markets, technology, and people, with five minutes on the clock for each.

🧠 Chapters

02:57 - Topic 1 - Situational Awareness Blows Up as Korea Sheds $2T

11:46 - Topic 2 - Warren and Trump Agree to Scrap the Debt Ceiling

17:19 - Topic 3 - Fauci Pleads the Fifth and the Information Crisis

25:53 - Topic 4 - Open Source Eats Software: Granola, Whisperflow, Whoop

33:50 - Lightning Round & Parting Thoughts

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