If you’re not familiar with Kris and his Moontower substack, it’s sooo good and well worth your time as a professional investor. Kris traded options at SIG and other places for a long time, and he has an ability to explain not just the world of options trading but more generally the entire concept of optionality better than anyone I know.

A recording of the quarterly call originally recorded on April 16, 2026.

We were lucky enough to be joined by Eric Pachman for this one of a kind Office Hours. For my money, Eric is doing the best independent research and writing on labor mobility and healthcare policy in the US today, and the combination of his work focused on structured datasets with our work on unstructured datasets is going to open some eyes

Ben had such a good time talking with Neil Howe the other day that we decided to run it back and take your questions about the Fourth Turning, the Great Ravine, Iran, AI ... you know, minor stuff like that.