Colin Lancaster, Global Head of Macro, schonfeld strategic advisers

In this episode, Colin Lancaster reflects on risk through the lens of a long macro career, focusing on how sharp asset-price discontinuities emerge, how investors think about hedging and carry, and why central-bank responses have become so dominant in modern markets. The conversation also touches on Fed Up! and the book’s concern with the way monetary intervention, liquidity, and asset inflation can distort market signals and widen wealth inequality.