The Phil Bak Podcast

The Phil Bak Podcast takes you deep into the worlds of economics, investing and entrepreneurship as Phil talks to the innovators who challenge conventional thinking and exploring the narratives that are driving market moves.

Joey Temprile - The Philosophy of Bitcoin 11/24/2025

Joey Temprile - The Philosophy of Bitcoin Understanding the concept of decentralization, instutitional rot, and why this trade resonates so strongly with a generation. /episode/index/show/philbak/id/39149230

Brad Hargreaves - Real Estate’s Real Entrepreneurship 11/10/2025

Brad Hargreaves - Real Estate’s Real Entrepreneurship Brad Hargreaves explains how AI, automation, sensors, and innovation are transforming multifamily operations and evolving the real estate industry. /episode/index/show/philbak/id/38972865

Nate Geraci - The ETF Educator 11/03/2025

Nate Geraci - The ETF Educator Nate explains everything happening in the ETF industry, from the ethics and economics of retail product design to asset managers bringing ETF tax efficiency to mutual funds through share class filings, and more. /episode/index/show/philbak/id/38877965

Adam Blumberg - Building a DeFi RIA 10/28/2025

Adam Blumberg - Building a DeFi RIA Adam Blumberg’s journey from stand-up comedy to advising financial advisors on crypto, and how he built Protocol Wealth entirely on decentralized finance rails. /episode/index/show/philbak/id/38784125

Quoth the Raven - From bartender to fringe finance 10/26/2025

Quoth the Raven - From bartender to fringe finance How does a Philadelphia bartender become one of the top finance writers in just a few years? By reading just a little bit more, going just a little bit deeper, building personal relationships, and trusting his nose for bullshit. This is Quoth the Raven’s story. /episode/index/show/philbak/id/38782625

Randy Zisler - Institutional CRE Investing 10/22/2025

Randy Zisler - Institutional CRE Investing Randy Zisler talks about his new book on CRE investing, best practices, and how bad incentives are keeping people from utilizing better public REIT valuations. /episode/index/show/philbak/id/38735075

Adam Singer - Marketing with Authenticity in the Age of AI 09/29/2025

Adam Singer - Marketing with Authenticity in the Age of AI Adam Singer unpacks how corporatism and compliance crush authentic voices, while grifters thrive in finance and crypto. He explains how AI-generated writing is like sending a robot to the gym, AI content farms flooding the internet, and why advertisers still get duped by hollow metrics. Ultimately, he explains, it is trust - not clicks - that is what really matters. /episode/index/show/philbak/id/38387515

Dan Joseph - building a “Berkshire” model for Real Estate investing 09/02/2025

Dan Joseph - building a “Berkshire” model for Real Estate investing Dan Joseph explains his Berkshire-style model combining private housing investing with public REIT bets to exploit wrapper-driven mispricings, and how supply drives Real Estate pricing. /episode/index/show/philbak/id/38048600

Jared Dillian - Truth, Trading, and Rule 62 08/18/2025

Jared Dillian - Truth, Trading, and Rule 62 Jared Dillian opens up about meritocracy, authenticity, spirituality, and trading with stoicism. /episode/index/show/philbak/id/37856495

Leyla Kunimoto - LP Masterclass 08/12/2025

Leyla Kunimoto - LP Masterclass Leyla Kunimoto from gives a masterclass on LP investing. She explains how LPs evaluate venture capital pitch decks, explains how Private Equity Real Estate differs from NAV REITs and Private REITs, whether PE managers are better investment than their funds, the market’s lukewarm response to the PRIV ETF, and ends with an explanation to the persistent gap between public and private real estate prices. /episode/index/show/philbak/id/37767440

Nick Maggiulli - Ladder Up the Wealth Ladder 08/04/2025

Nick Maggiulli - Ladder Up the Wealth Ladder Nick Maggiulli joins Phil Bak to talk through The Wealth Ladder — a thoughtful framework for building wealth and using money as a tool for freedom, rather than ego. Nick explains the psychology of spending, lifestyle creep, risk management, and the difference between grocery freedom and yacht regret. /episode/index/show/philbak/id/37654260

Adrian Jones - Near-Death, Total Clarity, and an Authentic Mission 07/28/2025

Adrian Jones - Near-Death, Total Clarity, and an Authentic Mission After a near-death experience on a mountain trail, Adrian Jones rethinks everything and emerges with a clear mission to help others live more authentic lives. /episode/index/show/philbak/id/37569335

Charles Frischer - REIT Activism and Zombie REITs 07/21/2025

Charles Frischer - REIT Activism and Zombie REITs Charles Frischer runs a family office and is the largest shareholder of Regional Health Properties. He explains his battle to unlock value in the micro‑cap “zombie” REIT. He exposes ignored $4‑plus offers, skewers management’s merger ploy, and invites real operators to seize an easy eight‑figure upside. /episode/index/show/philbak/id/37472280

Eric Balchunas - Bitcoin ETFs and shark-jumping 07/14/2025

Eric Balchunas - Bitcoin ETFs and shark-jumping Eric Balchunas is the author of The Bogle Effect and The Institutional ETF Toolbox. He is the host of ETF IQ on Bloomberg and the Trillions podcast. On this episode we talk about the bitcoin ETF approval saga, whether independent issuers were treated fairly by the SEC, and why mutual fund ETF share class filings are the bigger story. /episode/index/show/philbak/id/37374625

Hunter Hopcroft - REITs and Realism 06/30/2025

Hunter Hopcroft - REITs and Realism Hunter Hopcroft dissects why passive indexing fails in real estate, builds a case for economic realism in “a world the Keynesians built”, and shares reflections on writing and the role of AI in modern finance in a smart, sharp and soulful podcast episode. /episode/index/show/philbak/id/37216435

Bob Pisani - Modern Financial Media 06/23/2025

Bob Pisani - Modern Financial Media Bob Pisani has covered markets for CNBC for 35 years. He is the author of “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange”. On this podcast we talk about how financial media is changing, the creator economy, AI, the NYSE trading floor, and reflections on Bob’s legendary CNBC career. /episode/index/show/philbak/id/37112650

Elliott White - Affordable Housing's Fee Machine 06/16/2025

Elliott White - Affordable Housing's Fee Machine How fraud and waste turned affordable housing initiatives into a fee machine Elliott White writes on Substack and Twitter/X under the handle ResetBasis. At Hayden Glade, Elliott oversees the company's strategic direction through acquisitions, financing, and investor relations. Under Elliott’s leadership, Hayden Glade has acquired more than 3,000 units through relationships with public/private for-profit owners, nonprofit partnerships, and the trust of various public entities in different municipalities. Before founding Hayden Glade, Elliott was the head of acquisitions for Weston Associates, a regional affordable housing developer in Boston. At Weston Associates, Mr. White worked on various acquisition-rehab projects in Massachusetts, New Jersey, Georgia, Virginia, Maryland, Louisiana, and Mississippi. These projects utilized many different programs, including Low-Income Housing Tax Credits (federal and state), 1602 exchange programs, Section 8 rental assistance, Section 13A, Section 202, Section 236, HOME funds, CDBG funds, NHTF, and other subordinate debt. /episode/index/show/philbak/id/37024100

Carol Roth - small biz, big biz, big government 06/04/2025

Carol Roth - small biz, big biz, big government Carol Roth writes a weekly newsletter, sign up at CarolRoth.com/news. She has a Legacy Planning System at futurefile.com, and she is the author of The War on Small Business and You Will Own Nothing. /episode/index/show/philbak/id/36847305

Ben Hunt: Epsilon Theory Part Four 05/14/2024

Ben Hunt: Epsilon Theory Part Four Phil is joined by friend of the show Ben Hunt for his fourth appearance on the podcast. Ben Hunt holds a PhD in Political Science from Harvard University, is the co-founder and CIO of Epsilon Theory, and co-founder of Second Foundation Partners. Ben and Phil discuss narratives driving flows in markets, the incentivization of risk-taking by financial and government institutions, and the issues that have arisen within American academia over the past several years. /episode/index/show/philbak/id/31283302

Richard Adler: Reflecting on REITs 04/25/2024

Richard Adler: Reflecting on REITs Richard Adler was a co-founder and former Managing Director of EII Capital Management, an investment advisory firm for over 38 years managing REIT portfolios beginning in 1986. He has sat on the advisory board of Armada since its founding, and is a storied entrepreneur and business leader. Richard joins Phil to discuss REITs, investment, and reflect on his career spanning over 4 decades. /episode/index/show/philbak/id/30972603

Cliff Asness: The Cliff Factor 04/18/2024

Cliff Asness: The Cliff Factor Cliff Asness is the founder, Managing Principal and Chief Investment Officer at AQR Capital Management. Phil joins Cliff at his AQR office to chat about market concentration, value investing, and the market environment as a whole. Through the conversation, Cliff shares a wealth of knowledge and perspectives from his 30+ years of experience in the asset management space. /episode/index/show/philbak/id/30879628

Michael Antonelli: Good Vibes & Bull Vibes 04/11/2024

Michael Antonelli: Good Vibes & Bull Vibes Michael Antonelli is a market strategist at Baird Private Wealth Management and author of the "Bull and Baird" blog. In a world where there is no shortage of anxiety inducing doomsday narratives, Michael stands out by being a bullish optimist. Michael makes the case for communicating about the market using common language, using a data driven approach to being bullish, and navigating uncertainty with more confidence. /episode/index/show/philbak/id/30775333

Jared Dillian: Hungry Like A Wolf 03/26/2024

Jared Dillian: Hungry Like A Wolf Jared Dillian, author and investment strategist, joins the Phil Bak podcast. He is the author of books such as No Worries: How to live a stress-free financial life, and Street Freak: A Memoir of Money and Madness. Jared and Phil discuss financial freedom, hard work, rules for success, and taking control over your financial outcomes. /episode/index/show/philbak/id/30552233

Michael Green: Broken Markets 03/12/2024

Michael Green: Broken Markets Mike Green, CFA, is the Portfolio Manager and Chief Strategist at Simplify Asset Management. Mike and Phil discuss the over-emphasis of indexing, passive investment, and low fee competition causing potential hazards in investing. This includes large cap companies receiving the bulk of capital, reduced reward for conducting fundamental analysis, and more. /episode/index/show/philbak/id/30342873

Rob Simone: A Big Short REIT 03/04/2024

Rob Simone: A Big Short REIT Phil Bak sits down with Rob Simone, managing director of Hedgeye Risk Management. Rob has over 15 years of corporate equity research within the REIT sector. Rob joins Phil today to discuss his famous short call on Medical Properties Trust. /episode/index/show/philbak/id/30208513

Randall Zisler: The Mythology of Real Estate 01/25/2024

Randall Zisler: The Mythology of Real Estate Phil sits down with Randall Zisler to discuss real estate and REITs. Randall is the co-founder of Zisler Capital Associates and a highly respected academic with a number of works on real estate investing, economics, and finance. In his conversation with Phil, he shares a wealth of knowledge pertaining to real estate valuations, REITs, public vs private real estate investment, and more. /episode/index/show/philbak/id/29640848

Meb Faber: Masterclass In Real Estate 09/17/2023

Meb Faber: Masterclass In Real Estate In this reposted podcast, Phil sits down with Meb Faber and explains his mission and strategy in the real estate space. This conversation is the "why" behind what Phil does on the day to day, trying to create unique value within the real estate investment market. This episode is censored when Phil or Meb directly mention particular funds by name. /episode/index/show/philbak/id/28054215

Shana Orczyk Sissel: Queen of Alts 08/16/2023

Shana Orczyk Sissel: Queen of Alts Phil sits down with Shana Sissel to discuss her journey founding Banrion Capital and her alternative investment strategy. /episode/index/show/philbak/id/27771630

David Kotok: Reflecting On The Market 08/09/2023

David Kotok: Reflecting On The Market Phil revisits his discussion with David Kotok (Cofounder, Cumberland Advisors) recorded in early 2020. David and Phil discuss entrepreneurship, surviving difficult market conditions, and the benefits of studying history and math. David reflects on his career and shares his experiences and insights from decades spent in the industry. /episode/index/show/philbak/id/27705624

Michael Gayed: Leading and Lagging 05/17/2023

Michael Gayed: Leading and Lagging Michael Gayed joins the podcast to discuss research, launching funds, and dealing with having a large following on Twitter. /episode/index/show/philbak/id/26862804

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