Cents of Security by Interactive Brokers

IPO Pulse: Why Fundraising Needs Humans

In this Cents of Security podcast, I’m joined by Jeffrey Fidelman, CEO of Fidelman & Company, to unpack what’s really driving today’s IPO pipeline—and how founders should think about fundraising in an AI‑first world.

Disaster Risk: Hazard × Exposure × Vulnerability

Cents of Security host Mary MacNamara digs into why disaster losses keep breaking records—even when many hazards aren’t skyrocketing—with Patrick Brown, Head of Climate Analytics, at Interactive Brokers. They break down the disaster-risk equation (hazard × exposure × vulnerability), the “expanding bullseye” effect, why mortality from extreme events has fallen, and where adaptation and smarter zoning can move the needle.

The Fed blinked—and liquidity blinked back.

Jose Torres explains why the Fed’s short‑end move and easing mortgage rates set up small caps and homebuyers for a more broad‑based 2026.

Investing from Your 20s to Your 60s: Gen Z’s Edge & the Future of Retirement

Compounding favors the early starters. In this Cents of Security episode, Mary MacNamara sits down with James Yendrey—one of the creators of the InvestMentor app—to unpack starter portfolios, why Gen Z is learning faster via short-form content, and how strategies evolve through peak-earning years into decumulation, RMDs, and healthcare planning.

The End of an Era for Value Investing?

Stefano Grasso, Portfolio Manager at Enhanced Value Fund, joins Guillaume Roux-Chabert to unpack Warren Buffett’s historic farewell letter, the legacy of value investing, and what Berkshire’s future means for investors. From humility and luck to executive pay and dry powder challenges—this episode is a masterclass in perspective.

Buy the Rumor, Sell the News: What’s Driving Market Moves?

Jose Torres, Senior Economist at Interactive Brokers, joins Mary MacNamara to unpack market volatility, Fed rate cut probabilities, repos and what delayed economic data means for risk appetite.

What happens when Jobs Data Collides with Layoffs and a Shutdown?

Mary MacNamara and Jose Torres unpack a volatile week: strong ADP jobs data, Challenger cuts, and shutdown uncertainty. Plus, gold’s technical signals and what they mean for investors.

Exploring Climate Change’s Impact on Global Agriculture and Food Security

In this week’s Cents of Security, I sit down with Patrick Brown, Head of Climate Analytics at Interactive Brokers, to discuss:-How rising CO₂, temperature shifts, and precipitation patterns affect crop yields-Why corn faces a “double whammy”-Adaptation strategies and tech innovations shaping the future of farming-The role of prediction markets in climate analytics