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  • Hijacked Line

    04/02/2025

    1

    Hijacked Line

    Conor Freeman (x.com/conorfrmn) stole money online. Lot’s of it. In this episode we talk with him, and hear how he did it, why he did, and what he spent it on. Conor’s website: https://conorfreeman.ie Conor’s X: https://x.com/conorfrmn SponsorsSupport for this show comes from ThreatLocker®. ThreatLocker® is a Zero Trust Endpoint Protection Platform that strengthens your infrastructure from the ground up. With ThreatLocker® Allowlisting and Ringfencing™, you gain a more secure approach to blocking exploits of known and unknown vulnerabilities. ThreatLocker® provides Zero Trust control at the kernel level that enables you to allow everything you need and block everything else, including ransomware! Learn more at www.threatlocker.com. Support for this show comes from Drata. Drata is the trust management platform that uses AI-driven automation to modernize governance, risk, and compliance, helping thousands of businesses stay audit-ready and scale securely. Learn more at drata.com/darknetdiaries. Support for this show comes from ZipRecruiter. ZipRecruiter has solved the hiring problem. Employers prefer it the most for so many reasons. Let’s start by telling you about their matching technology. They work hard to find the best candidates for your needs, and will instantly show you results once you post a job listing. ZipRecruiter will speed up your hiring process. See it for yourself at www.ziprecruiter.com/DARKNET. Sources https://www.cbc.ca/news/canada/toronto/kidnapping-toronto-businessman-cryptocurrency-1.7376679 https://www.irishtimes.com/news/crime-and-law/courts/circuit-court/man-jailed-for-role-in-2-million-cryptocurrency-theft-1.4411641 https://www.irishtimes.com/news/crime-and-law/dun-laoghaire-man-could-face-108-year-us-prison-term-over-alleged-hacking-and-wire-fraud-1.3887715 https://www.sundayworld.com/crime/irish-crime/irish-authorities-to-transfer-2m-in-stolen-cryptocurrency-back-to-us-owners-after-cab-probe/40576219.html

    04/02/2025

    •
    1hr 6min
  • Vanguard

    18 May

    2

    Vanguard

    Vanguard is the most effective vehicle ever created for participating in the fruits of American capitalism. Today it’s the single largest equity owner of the majority of corporations in the S&P 500, on behalf of 50 million clients (including, likely, many of you). And yet Vanguard itself is essentially a communist organization — it has no shareholders, makes no profits, and operates more like REI than Fidelity. If you own a Vanguard fund, you own a piece of the firm itself. Any excess margin instead gets returned to clients in the form of lower fees, which since 1975 have added up to roughly five hundred billion dollars transferred out of Wall Street managers’ pockets and into retail investors’ savings accounts. And oh yeah, it all started as a cockamamie revenge plot by a guy who’d just been fired by his partners. Today we tell the story of communist capitalism at its finest — Vanguard. Sponsors: Many thanks to our fantastic Spring '26 Season partners: J.P. MorganWeAreDevelopers eventServiceNowVercelStatsigLinks: Sign up for email updates, get our takeaways and research photos from each episode, and vote on future topics!Our Vanguard "episode preview" in WSJStay the Course: The Story of Vanguard and the Index Revolution by John C. BogleThe Bogle Effect by Eric BalchunasWorldly Partners' Multi-Decade Vanguard StudyWorldly Partners' Article Generational Investing: The Discipline Behind 100+x OutcomesAll episode sourcesCarve Outs: Our WSJ pieces on Ferrari and VanguardMacBook Pro M5 MaxMichael MacKelvie on YouTubeThe Super Mario Galaxy MovieBrooks Vanguard sneakersMore Acquired: Get email updates and vote on future episodes!Join the SlackCheck out the latest swag in the ACQ Merch Store!00:00:00 Start00:00:41 Intro00:05:30 Jack Bogle's Early Life & Family Ruin (1929)00:12:34 Princeton Thesis & Mutual Funds Emerge (1949-1951)00:27:20 Joining Wellington Management (1951)00:30:38 The Go-Go Years & Fidelity's Ascent (1958-1965)00:40:36 Jack Takes the Reins & The Ivest Merger (1965)00:46:04 The Go-Go Bust & Jack's Crisis of Conscience (1970-1973)00:53:28 Jack is Fired: The Genesis of Vanguard (1974)01:13:03 The Journal Article That Inspired It All (1974-1976)01:35:02 Building the Fund & Early Struggles (1976-1981)01:44:32 The Rise of Indexing & Vanguard's Growth (1988-1992)01:49:06 Jack's Health & The CEO Transition (1995-1996)02:00:06 The ETF Debate & Jack's Second Firing (1999)02:24:18 The 2008 Financial Crisis: Vanguard's Moment02:30:46 The Warren Buffett Bet (2008-2019)02:41:28 Fidelity & BlackRock's Resurgence (Post-2008)02:52:04 Salim Ramji: Vanguard's First Outside CEO03:04:43 Wellington's Comeback & Mutual Ownership03:08:23 Analysis03:30:58 Quintessence03:39:35 Carve-Outs + Outro ‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

    18 May

    •
    3h 48m
  • AI Labs: Elon Musk wants AI in space

    27 May

    3

    AI Labs: Elon Musk wants AI in space

    Elon Musk’s xAI is lagging behind the likes of OpenAI and Google DeepMind in the AI race. Will a giant IPO of SpaceX, Musk’s rocket company, change all that? Murad Ahmed speaks to FT technology correspondent Hannah Murphy and the FT’s bureau chief in San Francisco Stephen Morris.  FT articles free to read:  Inside SpaceX’s audacious IPO plan Elon Musk pushes out more xAI founders as AI coding effort falters ‘The race is on’: will Elon Musk be the first to put a data centre in space? Tech Tonic is hosted by Murad Ahmed and produced by Edwin Lane. The executive producer is Topher Forhecz. Sound design by Breen Turner and Sam Giovinco.  Tell us what you think of Tech Tonic! Complete this short survey and you’ll get the chance to win a pair of Bose QuietComfort wireless headphones. Prize draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email Privacy.Officer@ft.com upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

    27 May

    •
    25 min
  • Gamechangers: The battery that powers the world

    Episode 1 • Subscribers Only

    4

    Gamechangers: The battery that powers the world

    What does it take for an idea to change the world? This new monthly series examines how innovation really works. The lithium-ion battery is the most important factor in the recent rise of the electric car and also powers everything from toothbrushes to smartphones to lawnmowers. We talk to the Nobel prize-winning scientists, the co-founder of Tesla and the pioneers behind this game-changing technology. What does their story tell us about the nature of innovation? Tom Standage hosts.   Subscribe to The Economist for full access to print, digital and audio editions: www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.

    E1

    •
    30 min
  • Gamechangers: Mobile money

    Episode 5 • Subscribers Only

    5

    Gamechangers: Mobile money

    Paying for things using your phone has become far more widespread during the pandemic. But Western consumers are playing catch-up. Mobile payments have been widespread for more than a decade in Africa, and in particular in Kenya, where the world’s first successful mobile-money system, called M-PESA, was launched in 2007. Why did it take off in Kenya first, how did users shape the development of the product—and what does this story reveal about innovation? Tom Standage hosts For full access to The Economist’s print, digital and audio editions subscribe at economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.

    E5

    •
    34 min
  • Gamechangers: Thinking inside the box

    Episode 4 • Subscribers Only

    6

    Gamechangers: Thinking inside the box

    The notion of shipping things in standardised boxes seems obvious in retrospect, so why did shipping containers take so long to emerge? Host Tom Standage finds out how difficult it was for this simple idea to take off. He talks to shipping experts and economists about the container’s far-reaching impact on the global economy—creating both winners and losers. For full access to The Economist’s print, digital and audio editions subscribe at economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.

    E4

    •
    37 min
  • Gamechangers: More than just a game

    Episode 3 • Subscribers Only

    7

    Gamechangers: More than just a game

    Deep learning, a form of artificial intelligence, powers voice assistants, facial recognition, music recommendations and underpins pioneering scientific research on how proteins fold. But all this was made possible by a breakthrough in a completely different field: video games. Powerful graphics chips (GPUs), developed to make video games more realistic, turned out to be ideal for speeding up the mathematical calculations used in deep learning. Host Tom Standage finds out how gaming transformed AI and meets the researchers who persevered when the chips were down. Hosted on Acast. See acast.com/privacy for more information.

    E3

    •
    38 min
  • Gamechangers: Don't shoot the messenger

    Episode 2 • Subscribers Only

    8

    Gamechangers: Don't shoot the messenger

    Messenger RNA, or mRNA, is the molecule that forms the basis of the coronavirus vaccines made by Moderna and by Pfizer-BioNTech. Although the vaccines went from lab to jab in just a few months, the idea of using mRNA as a therapy has been around for decades. The pioneers of this powerful technology reveal its unexpected path, the obstacles that had to be overcome along the way and its future potential. Tom Standage hosts.   Subscribe to The Economist for full access to print, digital and audio editions: www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.

    E2

    •
    33 min
  • Gamechangers: Reinventing the wheel

    Episode 6 • Subscribers Only

    9

    Gamechangers: Reinventing the wheel

    Who first thought of putting wheels on suitcases and why did this seemingly obvious idea not take off until the 1990s? In the final episode of our series on how innovation works, we explore how the adoption of an idea can be hampered by social attitudes and prejudices. In the case of the wheeled suitcase, it wasn’t a change in technology that made the difference—instead, the crucial change took place inside people’s heads. Tom Standage hosts. For full access to The Economist’s print, digital and audio editions subscribe at economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.

    E6

    •
    30 min
  • AI Labs: Are Anthropic really the good guys?

    6 May

    10

    AI Labs: Are Anthropic really the good guys?

    Anthropic CEO Dario Amodei wants his AI lab to be a more safety conscious alternative to OpenAI. But Anthropic’s business selling AI to enterprises is booming, and it’s rolling out increasingly powerful models - the latest is claimed to be so dangerous it can’t be released to the public. So can Anthropic win the battle of the AI labs and still claim to be the good guys of AI? Murad Ahmed speaks to Cristina Criddle, FT reporter in San Francisco covering AI, and John Thornhill, the FT’s innovation editor. FT articles free to read:  Anthropic’s Mythos AI model tests limits of global cyber defences Anthropic chief Dario Amodei: ‘I don’t want AI turned on our own people’ Anthropic’s breakout moment: how Claude won business and shook markets Tech Tonic is hosted by Murad Ahmed and produced by Edwin Lane. Sound design by Breen Turner and Sam Giovinco. The FT’s global head of audio is Cheryl Brumley. Tell us what you think of Tech Tonic! Complete this short survey and you’ll get the chance to win a pair of Bose QuietComfort wireless headphones. Read a transcript of this episode on FT.com Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email Privacy.Officer@ft.com upon entry. For more information on your rights and how we use your data, please read our Privacy Policy. Hosted on Acast. See acast.com/privacy for more information.

    6 May

    •
    27 min

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