Industry | The Unofficial Companion Podcast for HBO Max's "Industry"

About Industry | The Unofficial Companion Podcast for HBO Max's "Industry"

From your besties at The Wall Street Skinny comes the unofficial companion to HBO Max's hit show Industry. Jennifer Saarbach WAS Harper from Industry. She worked on the exact same desk in Fixed Income Sales & Trading that Harper sits on at Lehman, Barclays and Morgan Stanley. She also has a degree English Literature from Princeton. Kristen Kelly is also ex-Morgan Stanley only brings a slightly different perspective having worked in Investment Banking, Capital Markets and Fixed Income.Together they break down every single detail of your favorite show. This isn't just a recap; it's an education.

Publisher

The Wall Street Skinny

Category

arts

Language

en

Explicit

Yes

First episode

27 Sept 2024

Latest episode

2 Mar 2026

Latest episodes

12 of 34 episodes have a transcript.

1. 

   2 Mar 2026TRANSCRIPT

   Industry S4E8 "Both/And" | Where does Industry go from here?

   It's a bittersweet day at The Wall Street Skinny, where we are recapping the SEASON FINALE!! While this one is lighter on finance than most episodes this season, we still dig into the mechanics of closing out a massive short position without spooking the tape. We also break down how hedge fund fees actually work — the industry-standard "two and twenty" structure where managers earn a 2% management fee on assets under management plus 20% of profits — and use that framework to reverse-engineer what this three-person fund operating out of a hotel room should have actually earned versus what got paid out. The numbers don't quite add up, and we have thoughts.This finale also takes a hard pivot into politics, power brokering, and some very dark territory for one of our favorite characters. We trace every reference and detail — from Walt Whitman to the Talented Mr. Ripley, George Orwell to Henry VIII — and debate what the show is setting up for its next chapter. Character arcs that have been building all season reach their breaking points, alliances shatter in stunning ways, and the episode forces us to ask whether people are truly capable of change or destined to become the very thing they fought against.We share our honest reactions to what worked and what left us frustrated, revisit our season-long theories one final time, and give our last bullish and bearish calls of the season. Thank you to every single listener who joined us on this ride — your feedback, theories, and insights made this our favorite recording day of the week. See you next season.

2. 

   23 Feb 2026TRANSCRIPT

   Industry S4E7 "Points of Emphasis" | Some Promises Weren't Meant to Be Kept

   Industry analysts dissect season four, episode seven, "Points of Emphasis," exploring Whitney's power plays, Yasmin's political schemes, and the emotional fallout as characters face difficult choices and shifting alliances.

3. 

   16 Feb 2026TRANSCRIPT

   Industry S4E6 "Dear Henry": Why This Might Be the Greatest Episode of Industry Ever Made

   Podcast hosts recap Industry's episode focusing on Harper's attack on Tender at the Alpha Conference, complete with financial analysis and real-world fraud parallels, while exploring unsettling character developments and shocking revelations.

Inside a recent episode

Industry S4E8 "Both/And" | Where does Industry go from here?

Published 2 Mar 2026 · Transcript excerpt

[…] But if you platform someone is the same thing of like the argument of Tucker Carlson putting Nick Fuentes on a show when you're platforming someone a you're amplifying their boys, especially if you're not having a combative conversation and you're not pushing back, you are implicitly co -signing their beliefs. And so there's a little bit of like a delicate line between platforming someone and co -signing that you agree with this versus being like, I need to know what's being set out there because I can't put my head in the sand. And debates like I do think that it's important to have healthy conversations and debates and the whole point here is that he's giving lip service to like, oh, I just have all these people and I'm not responsible for their ideas free speech like they should be able to say whatever they want, which sure, yes, I people should be able to say whatever they want, but you also don't have to accept their money. […]

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

YouTube views

736,064

Score snapshot 15 Sept 2025

Apple Podcasts (US)

4.5 / 5

91 ratings

Podcast Authority Score: 45 / 100

A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.

Quality

36

Social presence

0

YouTube

86

Engagement

51

Contact Industry | The Unofficial Companion Podcast for HBO Max's "Industry"

Guest appearances

Books guests

Based on episode analysis; this does not confirm that the show is currently accepting guests.

Shows with a similar audience

• 

  The Watch

• 

  The Town with Matthew Belloni

• 

  The Wall Street Skinny

• 

  Pop Culture Happy Hour

• 

  The Ezra Klein Show

• 

  The Daily

Questions about Industry | The Unofficial Companion Podcast for HBO Max's "Industry"