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Artwork for Complex Systems with Patrick McKenzie

Complex Systems with Patrick McKenzie (patio11)

Patrick McKenzie
Banking
Anti-Money Laundering
Know Your Customer
Real Estate Investing
Financial Systems
Landlords
Fracking
Compliance
Customer Service
Real Estate
Property Management
U.S. Financial Regulations
Big Tech
Community Financing
Los Angeles
Regulations
Cap Rates
Quantitative Trading
Openai
Synthetic Natural Gas

We live in a world where our civilization and daily lives depend upon institutions, infrastructure, and technological substrates that are _complicated_ but not _unknowable_. Join Patrick McKenzie (patio11) as he discusses how decisions, technology, culture, and incentives shape our finance, technology, government, and more, with the people who built (and build) those Complex Systems.

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Artwork for Complex Systems with Patrick McKenzie

Latest Episodes

Our annual year-in-review episode covers some recurring themes from 2025 and some behind-the-curtains discussion of running a podcast. Patrick McKenzie (patio11) sits down with producer Sammy Cottrell to discuss the most popular episodes of the year,... more

For this week's holiday-inspired Complex Systems, Patrick reads his essay from Bits about Money on the gift card paradox: a legitimate payments rail, yet also a primary vector for fraud that leaves victims without recourse.

Full transcript availab... more

In this episode, Patrick McKenzie (patio11) walks through how perpetual futures work, from funding rates to liquidations to the surprise of automatic deleveraging. Perps are the dominant trading mechanism in crypto (6-8X larger than spot volume) and ... more

In this episode, Patrick McKenzie (patio11) is joined by Ben Reinhardt, founder of Speculative Technologies, to examine how science gets funded in the United States and why the current system leaves much to be desired. They dissect the outdated taxon... more

Key Facts

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Find out how many people listen to this podcast per episode and each month.

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Recent Guests

Ben Reinhardt
Founder of Speculative Technologies, a focused research organization
Speculative Technologies
Episode: The economics of discovery, with Ben Reinhardt
Billy Gallagher
CEO of Prospect, focusing on equity management for employees at tech companies
Prospect
Episode: Understanding equity at tech companies, with Billy Gallagher of Prospect
Chris Best
CEO of Substack
Substack
Episode: How blogging went legit, with Substack CEO Chris Best
Emmett Shear
Co-founder of Twitch and current CEO of Softmax, involved in AI alignment discussions.
Softmax
Episode: AI alignment, with Emmett Shear
Will Wilson
CEO of Antithesis
Antithesis
Episode: Building software that survives contact with reality, with Will Wilson
Joel Becker
Researcher at METR
METR
Episode: AI and the great developer speed-up, with Joel Becker of METR
Jim Weisser
Serial entrepreneur and founder of SignTime, with extensive experience in the Japanese software market.
SignTime
Episode: Building software in Japan, with Jim Weisser
Cate Hall
CEO of Astera Institute and author
Astera Institute
Episode: Stacking the odds: Cate Hall on agency and outlier success
Caleb Fenton
Co-founder and CTO of Delphos Labs, a cybersecurity startup
Delphos Labs
Episode: Machine learning meets malware, with Caleb Fenton

Host

Patrick McKenzie
Host known for discussing complex systems and their implications in different domains. He often engages with experts to explore the intricacies of decisions and technology in modern society.

Reviews

4.9 out of 5 stars from 402 ratings
  • Informative and entertaining!

    Patrick consistently puts out episodes on things that I don’t think I would be interested in but I end up being interested in it

    Apple Podcasts
    5
    supra supremacy
    United States22 days ago
  • Great show, fun people, but sometimes missing links in show notes

    Same as title with the addition that transcripts I’ve viewed are great!

    Apple Podcasts
    5
    G_Cracker
    United States3 months ago
  • Good Stuff

    Smart people discussing interesting things.

    Apple Podcasts
    5
    Thin Man Now
    United States3 months ago
  • Great podcast

    I’ve listened to almost every episode. It’s an outstanding place to learn about diverse topics. I came to the show page leave a review to get recommendations on similar podcasts because I’ve run out of episodes from Complex Systems to listen to! Super relevant to my professional and also surprisingly personal intelligence.

    Apple Podcasts
    5
    name4review7
    United States4 months ago
  • Reliably High-Quality Listening For Serious Systems Integrators Of All Kinds

    If you are curious about how the world works, and especially if you have dirt under your own fingernails from trying to help make it work, then this is a great podcast for your regular rotation. Whether you aim to discover new domains to ponder, glean fresh insights from an old stomping ground, or feel that you’re not alone in the struggle to craft workable systems from the often insane mess of the real world, Patrick’s depth of experience coupled with his pull among like-minded luminaries alwa... more

    Apple Podcasts
    5
    awgibbs
    United States6 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Some listeners express a desire for more clarity in show notes and audio engineering improvements to enhance the listening experience.
There is a consistent praise for the host's engaging style and the variety of fascinating subjects covered.
Listeners appreciate the insightful discussions and the depth of knowledge presented by both the host and guests.
Many reviews highlight the podcast's ability to make complex topics accessible and relevant to a broad audience.
The combination of expert guests and thought-provoking content is frequently mentioned as a major draw for listeners.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

How blogging went legit, with Substack CEO Chris Best
Q: What properties do you want from epistemic infrastructure?
Independence and the ability to voice out-of-consensus ideas while being rewarded for doing so.
AI alignment, with Emmett Shear
Q: Where can people follow you and your work on the Internet?
I am at softmax.com, softmax.com.
Killing viruses with light, with Jacob Swett
Q: What are some of the environments where Far UVC should be deployed?
It should be widely deployed in high-risk environments like classrooms, gyms, restaurants, and long-term care facilities.
Killing viruses with light, with Jacob Swett
Q: How is Far UVC different from typical ultraviolet light?
Far UVC is a specific wavelength of UV light that can inactivate pathogens without causing harm to human skin or eyes, as it is absorbed by proteins in our skin.
Seeing like an outsider, with Yatharth
Q: What are some of the unique experiences you've encountered while growing up as a third culture kid?
I have found that my children are experiencing cultural friction as they navigate their identities between American and Japanese cultures.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

Listeners per Episode
Gender Skew
Location
Interests
Professions
Age Range
Household Income
Social Media Reach

Frequently Asked Questions About Complex Systems with Patrick McKenzie

What is Complex Systems with Patrick McKenzie about and what kind of topics does it cover?

Exploring various complexities of modern society, this podcast discusses how decisions, technology, culture, and incentives shape multiple sectors, including finance, technology, and government. The host engages with a diverse array of experts and thought leaders, aiming to unravel the intricacies of systems that underpin contemporary civilization. Notable discussions focus on topics such as equity management in tech companies, the nuances of research funding, and the implications of artificial intelligence alignment, providing listeners with valuable insights into both operational mechanics and broader societal impacts.

Where can I find podcast stats for Complex Systems with Patrick McKenzie?

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How many listeners does Complex Systems with Patrick McKenzie get?

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What are the audience demographics for Complex Systems with Patrick McKenzie?

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How many subscribers and views does Complex Systems with Patrick McKenzie have?

To see how many followers or subscribers Complex Systems with Patrick McKenzie has on Spotify and other platforms such as Castbox and Podcast Addict, simply upgrade your account. You'll also find viewership figures for their YouTube channel if they have one.

Which podcasts are similar to Complex Systems with Patrick McKenzie?

These podcasts share a similar audience with Complex Systems with Patrick McKenzie:

1. "Econ 102" with Noah Smith and Erik Torenberg
2. Dwarkesh Podcast
3. Conversations with Tyler
4. The Marginal Revolution Podcast
5. Money Stuff: The Podcast

How many episodes of Complex Systems with Patrick McKenzie are there?

Complex Systems with Patrick McKenzie launched 2 years ago and published 73 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact Complex Systems with Patrick McKenzie?

Our systems regularly scour the web to find email addresses and social media links for this podcast. We scanned the web and collated all of the contact information that we could find in our podcast database. But in the unlikely event that you can't find what you're looking for, our concierge service lets you request our research team to source better contacts for you.

Where can I see ratings and reviews for Complex Systems with Patrick McKenzie?

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What guests have appeared on Complex Systems with Patrick McKenzie?

Recent guests on Complex Systems with Patrick McKenzie include:

1. Ben Reinhardt
2. Billy Gallagher
3. Chris Best
4. Emmett Shear
5. Will Wilson
6. Joel Becker
7. Jim Weisser
8. Cate Hall

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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