Paul Podolsky

Welcome! I am the founder of Kate Capital, LLC. Kate Capital is an investment management firm. For many years, I was a strategist and investor for the largest hedge fund in the world, Bridgewater Associates. On this website, you can find the latest about my books, essays, and podcast. I’ve published three books, hundreds of essays, and dozens of interviews. The latest book is The Uncomfortable Truth About Money. Past podcast guests include CEOs, sitting members of Congress, artists, and athletes. I believe that while the world is complex, it can be understood, and both my investing and writing operate around that belief. More about me in the “about” tab.

Books

Raising a Thief and The Uncomfortable Truth About Money are both non-fiction. The first is about being a parent the second is about money. Master, Minion is a thriller about financial war. The Amazon reviews show readers really like these books!

Essays

I write essays about how I am investing with and seeing the world, a chance for readers to look over the shoulder of an experienced, curious investor. Most of these are on my Substack. Some are in other publications, like The Wall Street Journal. Sign up and get the essay delivered direct to your inbox.

Podcast

I ask guests about their background, work and the biggest lessons they have learned and for perspective on economics and geo-politics. The answers are astonishingly varied. Guests include Ray Dalio, Gao Xiqing, Dmitry Bykov, Congressman Jim Himes and many more.

Uncomfortable Truths About Money Is Now Out!

December 16, 2022

Uncomfortable Truths (Harriman) takes off where Raising a Thief drops off–how the money part of our lives works, both mechanically and emotionally. It is 15 chapters that distill the major moving parts of money, how to earn it, save it and achieve independence.

Sunday Coffee Thoughts

April 27, 2025

Falling stocks are a number on a screen but also an emotion—fear. On days off, I notice I am more drawn than usual to things to get me back to center—a musician riffing on a trumpet, the hubbub of the city, listening to my wife on date night. It’s not just stock gyrations—it’s unmarked vans […]

Touching the Limits

April 25, 2025

THIS IS NOT INVESTMENT ADVICE. INVESTING IS RISKY AND OFTEN PAINFUL. DO YOUR OWN RESEARCH. Today I want to distinguish what we know and what we don’t know. What We Know Twice close to the edge. A new US Administration took over about 100 days ago and implemented radical policies that brought us close to […]

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