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4min chapter
Evan Tindell of Bireme Capital
The Alchemy of Money
Is It a Bias in Poker?
The way to win at any game, i mean, unless you're playing by yourself, it requires you to outplay them somehow. Ah, so it's alittle bit more clear in poker, like what exactly you're punishing. In investing, ah, people don't think about this really, but like any alpha that you're that you are gene rating relative to the overall market, is coming out of someone else’s negative alpha does not men, they nt have negative returns, right? But likean sum total, like all the stocks have zero alpha, right? Like, just over all. And sometimes that comes from, you know, new stories are, like,
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