The Compound and Friends
The Compound and Friends

Inside the Baddest Hedge Fund in America with Sam Koppelman and Nathaniel Horwitz

February 13, 2026

AI Summary

5 min read

🎙️ The Voices & The Context

  • The Format: Casual investing podcast chat with hosts interviewing high-profile guests—part market banter, part deep dive into business stories.
  • The Key Players:
    • Hosts: Josh Brown and Michael Batnick—energetic duo with sharp market insights, playful chemistry riffing on AI hype, volatility, and sponsor ads.
    • Guests: Nathaniel Horwitz (CEO of Hunterbrook Media and Hunterbrook Capital, ex-biotech VC) and Sam Kopelman (Publisher, NYT bestseller)—former journalists blending investigative reporting with trading.
  • The Vibe: Fun, hype-filled, educational—mix of market excitement, "bong rip" ideas, and triumphant storytelling amid AI chaos.

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What you'll learn

  • 1 (00:00) **🎙️ Introduction: Nathaniel Horwitz & Sam Kopelman**
  • 2 (03:37) **Show Structure & Market Chaos**
  • 3 (08:41) **AI Market Impact & Anthropic Growth**
  • 4 (09:51) **AI Volatility & Terminal Value Debate**
  • 5 (14:11) **Historical Market Comparison**
  • 6 (17:05) **Hunterbrook Model: Journalism + Trading**
  • 7 (20:03) **Papa John's Acquisition Scam**

+ Full timestamped outline available in the app

Show Notes

On episode 229 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Nathaniel Horwitz and Sam Koppelman of Hunterbrook to discuss: how investigative journalism can be an edge in investing, the Sable Offshore story, how Sphere is changing entertainment, and much more!


This episode is sponsored by Invesco. Visit https://Invesco.com/fixedincome to learn more about their comprehensive fixed income solutions and how they can help strengthen your portfolio's foundation.


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Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.


The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed

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