Money Stuff: The Podcast · Friday, August 14, 2026
Boaz Weinstein critiques the concept of 'volatility laundering' in private credit, where funds provide seemingly stable returns with low reported volatility by not marking down assets aggressively. He argues this masks underlying risks and that the recent market events, including distribution cuts and defaults, are pulling back the curtain on these issues.
“Back to the cliff water sharp of eleven. You and the other end have made twelve, and there's plenty of volatility. And how can I justify paying your fees when I can get the twelve, you know, really easily.”
“And so that thing of volatility laundering, which is like just about the best two word quote for to talk about wrong with Wall Street ever, is like that should be the title of what's happening here?”
“But Cliff jumped in in that debate, you know, and I was thinking about that conversation. We're just howling it into Twitter. Twitter. First one is like, no, that eleven sharp is right now?”