This week on Capital Call: with The Millegan Brothers, we cover light topics like international trade breakdowns, militarized drone swarms, 110-hour workweeks that literally kill, and Warren Buffett casually handing off the keys to a $1 trillion empire. Also: Netflix finds a way to make more money when you're broke, Disney opens a theme park somewhere dry and oil-rich, and Portland might get a baseball team if Salt Lake forgets to show up.

Oh - and in our "This Day in Economic History" segment, we unpack a short squeeze so brutal it nearly broke the market and left one unlucky investor... extremely overcooked. Stay tuned. Stay liquid.

Welcome to the next episode of the Capital Call: with the Millegan Brothers, managing partners of the Woodworth Contrarian Fund with a new episode released every Monday morning at 2 AM Eastern / 5 AM Pacific.

DEEP ROOTS. STUBBORN GROWTH. OREGON BASED.

Episode Breakdown:

(00:25) Congrats to Logan & Nova / $454 Million Spain blackout

(02:00) India-Pakistan tensions and weak UK-US trade deal

(03:45) Tariff chaos and July 8th deadline prediction

(06:10) Corruption, Starlink, and national champions

(09:00) Trade philosophy, war readiness, and drone supremacy

(14:10) Netflix, Skype’s death, and Disney’s new theme park

(18:00) Why Hollywood plays it safe (nostalgia vs. innovation

(22:30) American equity vs. European debt culture

(24:00) 110-hour work weeks and banker burnout

(29:00) Buffett succession and Berkshire's Japan plays

(34:00) Taxi medallions, unions, and economic gatekeeping

(39:45) Free markets, licensing bottlenecks, and longshoremen

(43:00) Portland baseball dreams vs. Salt Lake City

(44:10) This Day in Economic History – 2020 unemployment spike

(45:08) The 1901 Northern Pacific short squeeze

(57:26) Lessons from shorts, beer vats, and market risk

(59:45) Wrap-up and dark humor outro

More on the Northern Pacific short squeeze: https://novelinvestor.com/the-biggest-short-squeeze-of-the-last-century

Quinn Millegan: ⁠⁠⁠www.linkedin.com/in/quinnmillegan⁠⁠⁠

Drew Millegan: ⁠⁠⁠www.linkedin.com/in/drew-millegan⁠⁠⁠

The Millegan Memo (monthly newsletter): ⁠⁠⁠www.woodworth.fund/news/tag/The+Millegan+Memo⁠⁠⁠

Woodworth Contrarian Fund: ⁠⁠⁠www.Woodworth.Fund⁠⁠⁠

Capital Call: ⁠⁠⁠CapitalCall.Stream⁠⁠⁠

Inquiries: [email protected]

Capital Call #6 with Quinn Millegan & Drew Millegan, managers of the Woodworth Contrarian Fund.

Post market close 5/9/25 - Coming straight to you every Monday morning at 2 AM PT / 5 AM ET