2min chapter

Risk of Ruin cover image

Zero, by Way of a Hundred

Risk of Ruin

CHAPTER

The Stock Market Is Run by the Maddest People

The best thing to do during this bubble, or during this wild noth is to embrace the things that have been going up very hard. You can learn a lot about markets by walking into a casino and standing behind the roulette table. One of the big university endowments in the northeast has a day to day look at our book. And when we lose money, it turns out that they're often very comfortablebut the average client isn't like that at all.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode