The conversation begins with the release of the Epstein Files, questioning the origins of his wealth and alleged ties to intelligence networks, while clarifying that figures like Reid Hoffman were part of elite circles without implication of wrongdoing. Tether's rise as a financial powerhouse is examined, with its treasuries-backed model and dominance in the stablecoin market despite regulatory uncertainty. The debate over Michael Burry’s short positions on Nvidia and Palantir highlights accounting nuances and the long-term AI investment outlook. Google’s advancements with Gemini 3 and TPUs signal growing competition in AI infrastructure, challenging Nvidia’s lead. David Friedberg reflects on risk tolerance when using personal capital versus LP funds, explaining his return to CEO leadership after past startup failures. Finally, poker pro Alan Keating joins to discuss intuition, emotional control, and risk psychology, illustrating how mastering chaos can lead to success in both poker and investing.