Patrick Boyle

Patrick Boyle

Patrick Boyle is a hedge fund manager, a university professor and a former investment banker. This channel is all about quantitative finance. By subscribing you will see videos explaining what is happening in markets right now, you will learn about financial derivatives, corporate finance and how traders use quantitative tools like statistics. You will see interviews with some of the most interesting people in the financial industry. In addition, you will see some longer form documentaries on the history of financial markets.To contact Patrick go to the website http://onfinance.orgDISCLAIMER:This channel is not affiliated with any financial institution. The videos on this channel are for entertainment purposes only and do not constitute financial advice. Those seeking investment advice should seek out a registered professional. Patrick is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment.Links:Amazon Author Page: https://amzn.to/3bTeqedPatreon: https://www.patreon.com/PatrickBoyleOnFinanceWebsite: https://www.onfinance.org/Instagram: https://www.instagram.com/patrickeboyle/BlueSky: https://bsky.app/profile/pboyle.bsky.social

  1. 1 uur geleden

    Bitcoin on the Balance Sheet: Why Companies Are Turning to Crypto as a Treasury Strategy

    Level up your note-taking with PLAUD NOTE at https://bit.ly/4eFOGEb and use code PBOYLE for 20% OFF during Prime Day!Amazon: https://bit.ly/44r4oOJ#PLAUD#PLAUDNOTE#NoteTakerAs Bitcoin surges into the financial mainstream, a growing number of companies — from obscure microcaps to global tech giants — are transforming themselves into crypto-holding entities. This video explores the rise of the corporate Bitcoin treasury strategy, tracing its origins with MicroStrategy’s dramatic pivot, the global wave of imitators, and the political entanglements reshaping the crypto landscape. With billions in digital assets now sitting on corporate balance sheets, the question is no longer whether Bitcoin belongs in business — but what happens when the music stops.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    Bitcoin on the Balance Sheet: Why Companies Are Turning to Crypto as a Treasury Strategy
  2. 2 uur geleden

    Is AI’s Circular Financing Inflating a Bubble?

    🔒 Get 20% off DeleteMe by going to https://joindeleteme.com/BOYLE and use code BOYLE to protect your privacy! 🙌🏻The AI boom isn’t just about algorithms — it’s about money, power, and a race to build infrastructure on a scale we’ve never seen before. In this video, we break down the circular deals between OpenAI, Nvidia, Amazon, Anthropic, and even Elon Musk’s empire — and ask the hard questions: Who’s paying for this? Where will the electricity come from? And is the industry building a Möbius strip of venture capital and gigawatts that could collapse under its own weight?We’ll explore:The spaghetti diagram of AI’s biggest playersOpenAI’s trillion-dollar data center ambitionsWhy Nvidia’s demand might not be what it seemsThe risk of stranded assets and systemic leverageHow geopolitics and energy constraints could shape the futureIf you want to understand the economics behind the hype — and why this might be the biggest corporate investment project in history — watch now.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    Is AI’s Circular Financing Inflating a Bubble?
  3. 3 uur geleden

    YouTube Censorship: The Video They Didn't Want You to See!

    Get an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to https://saily.com/boyleTwo days after its release, my analysis of the Epstein files was on track to break every record on this channel. Then the yellow dollar sign appeared, and the video flatlined.In this video, we explore how algorithmic demonetization has evolved into a form of "soft censorship." It isn't a conspiracy, but a broken business model that taxes serious journalism in favor of "brand safe" entertainment. We look back at the Logan Paul "Adpocalypse," examine the structural bias against independent creators, and analyze the alarming decline of U.S. Press Freedom (now ranked #57 globally).From the missing footage in Epstein's cell to the 2020 spike in journalist arrests, we ask the hard question: If the algorithm filters out the "boring" work of holding power to account, does YouTube cease to be a digital public square?Link to the Demonetized videos:https://youtu.be/GAJf2F1BbRA?si=pocxFNV33xXlANqohttps://youtu.be/MG95B0fyuWI?si=ULY-lTHAzqqkAYq2 @VloggingThroughHistory video: https://www.youtube.com/watch?v=SnPrVn24dTEPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    YouTube Censorship: The Video They Didn't Want You to See!
  4. 4 uur geleden

    Does OpenAI expect a Government Bailout?

    🔒 Get 20% off DeleteMe by going to https://joindeleteme.com/BOYLE and use code BOYLE to protect your privacy! 🙌🏻OpenAI has signed $1.4 trillion in infrastructure commitments, but how do they plan to pay for it? Are government subsidies and taxpayer-backed guarantees the next step? In this video, we dive into the financing gymnastics behind the AI revolution, the lobbying for federal support, and why tech firms are pitching AI as “too important to fail.”We’ll cover:✅ OpenAI’s $1.4 trillion data center buildout✅ The push for government backstops and subsidies✅ Nvidia’s warning on energy and capital constraints✅ Why AI could strain power grids and utilities✅ The risk of an AI “metabubble” and what it means for investorsWatch Sarah Friar's Interview @wsj https://www.youtube.com/watch?v=8guZhBw4Z3gPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    Does OpenAI expect a Government Bailout?
  5. 5 uur geleden

    Pricing American Options using the Binomial Tree Method. - Options Trading Classes

    These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleThis is the fifth video in our series on pricing options. The whole series is collected as a playlist here: https://www.youtube.com/watch?v=LHaftRA2N8A&list=PLHC72UlhAthDq-s_jRepKDrsaeGDU3PaJIf you are new to options pricing and binomial trees it might make sense to watch some of the other videos first.Binomial Trees and American OptionsAmerican options can be exercised anytime up to maturity, as opposed to European options which can only be exercised at maturity. Binomial trees can be used to price American options with the only modification needed is to evaluate at each node as to whether there is more value associated with exercising or holding the option to expiration. The highest of these two values is used in calculating the option value. In the two-step American binomial tree valuation shown in this video, we are using the same example as in our last video but with the option now American. In this case, at T1 it would be optimal to early-exercise. Thus the valuation at the first down node is in fact the early-exercise valuation, which is the intrinsic value at that node, as opposed to the valuation achieved from the risk-neutral valuation for fd. At time zero, the valuation of the derivative is based on fu as usual, but the fd value input into the formula for f is the early exercise cash flow.To watch the video where we priced the same put option, but as a European option, click here. https://www.youtube.com/watch?v=nN4tOYVqf9oPricing American Options using the Binomial Tree Methodmulti step binomial trees Learn more about your ad choices. Visit megaphone.fm/adchoices

    Pricing American Options using the Binomial Tree Method. - Options Trading Classes
  6. 6 uur geleden

    How Big Tech Is Quietly Taking Over AI (Without Mergers)

    😎 Get an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to https://saily.com/boyleIn the race to dominate generative AI, Big Tech firms haven’t just been building, they’ve been buying. But there’s something strange about most of the deals that they have struck. Companies like Meta, Microsoft, Amazon, Google, and Nvidia are embedding themselves deep within the AI ecosystem through strategic investments, exclusive partnerships, and talent acquisitions- with deals that stop just short of formal takeovers, but the economic impact of these deals it turns out – is indistinguishable from full control.Drayton D'Silva Substack Article: https://enterprisevalue.substack.com/if-i-did-itPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    How Big Tech Is Quietly Taking Over AI (Without Mergers)
  7. 7 uur geleden

    America's Shopping Addiction!

    Ad: 🔒Remove your personal information from the web at https://joindeleteme.com/BOYLE and use code BOYLE for 20% off 🙌 DeleteMe international Plans: https://international.joindeleteme.comFor decades, the American consumer has powered not just the world's biggest economy but the entire global economy. According to the World Bank – Americans make up around one third of global consumer spending but are only 4% of the global population. We should only be so surprised by this – Americans are amongst the most productive workers in the world and thus are amongst the best paid – the fact that they are both busy and highly paid makes them naturally big consumers.In today's video we look at how tariffs, the end of the de minimis exemption and lower consumer conference may affect the American consumer.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ sponsors@onfinance.orgPatrick Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices

    America's Shopping Addiction!
  8. 7 uur geleden

    Pricing Options Using the Binomial Tree (Risk Neutral Valuation Approach)

    These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleIn finance, the binomial options pricing model provides a generalizable numerical method for the valuation of options. The binomial model was first proposed by Cox, Ross and Rubinstein in 1979, six years after the Black Scholes model. Essentially, the model uses a "discrete-time" (lattice based) model of the varying price over time of the underlying financial instrument.The Binomial options pricing model approach has been widely used since it is able to handle a variety of conditions for which other models cannot easily be applied. This is largely because the model is based on a description of an underlying instrument over a period of time rather than a single point in time. As a consequence, it is used to value American options that are exercisable at any time in a given interval as well as Bermudan options that are exercisable at specific instances of time. Being relatively simple, the model is readily implementable in computer software or even in spreadsheets like Excel. Although computationally slower than the Black–Scholes formula, it is more accurate, particularly for longer-dated options on securities with dividend payments. For these reasons, various versions of the binomial model are widely used by practitioners in the options markets.The Risk-Neutral Binomial Tree ApproachThe concept of a portfolio made up of some portion of stock and some portion of a derivative on that stock gives rise to the ability to generate equivalent cash flows at end nodes of binomial trees, and this certainty of cash flows allows us to discount the cash flows at the risk-free rate. The ability to discount cash flows in the future at a known risk-free rate gives us the concept of risk-neutral valuation. Risk neutral valuation is a powerful concept in derivatives pricing which enables valuation of assets based on their expected payoffs at different points in time and with different scenarios of underlying asset price movements. Risk-neutral valuation is applicable whenever you can create a portfolio including the underlying plus a derivative on the same underlying. It cannot be extrapolated to find the value of derivatives on other underlyings. It relies on the portfolio instruments having a level of dependency on one another.This model is very flexible and powerful because we don’t need to know the real probability of the upside scenario, or the real likelihood of the downside economic scenario—it is not required to maintain our certainty of cash flows at the end point. An easy mistake to make is to confuse this constructed probability distribution with real-world probability. They will be different, but the method of risk-neutral pricing is, like many other useful computational tools, convenient and powerful. The approach of risk-neutral valuation makes sense for valuation purposes but only works when all of the instruments included in the valuation model depend on the same underlying and thus are exposed to the same risks, though held in different proportions. We are pricing the option in terms of the underlying stock, thus risk preferences are taken into account in the pricing of the underlying. The risk-neutral binomial tree approach is mathematically equivalent to the portfolio approach previously covered, and gives us the exact same valuation. The risk neutral binomial tree valuation approach to value the derivative, f, is as follows.With some algebra, you can show that the risk-neutral formula is mathematically equivalent to the portfolio approach where  of shares is calculated to generate riskless outcomes at maturity, T.Although we are not making any assumptio Learn more about your ad choices. Visit megaphone.fm/adchoices

    Pricing Options Using the Binomial Tree (Risk Neutral Valuation Approach)

Info

Patrick Boyle is a hedge fund manager, a university professor and a former investment banker. This channel is all about quantitative finance. By subscribing you will see videos explaining what is happening in markets right now, you will learn about financial derivatives, corporate finance and how traders use quantitative tools like statistics. You will see interviews with some of the most interesting people in the financial industry. In addition, you will see some longer form documentaries on the history of financial markets.To contact Patrick go to the website http://onfinance.orgDISCLAIMER:This channel is not affiliated with any financial institution. The videos on this channel are for entertainment purposes only and do not constitute financial advice. Those seeking investment advice should seek out a registered professional. Patrick is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment.Links:Amazon Author Page: https://amzn.to/3bTeqedPatreon: https://www.patreon.com/PatrickBoyleOnFinanceWebsite: https://www.onfinance.org/Instagram: https://www.instagram.com/patrickeboyle/BlueSky: https://bsky.app/profile/pboyle.bsky.social