
Max Arbitrage – Healthcare, Investing & Biology (EP.37)
Infinite Loops
00:00
What's Climate Change About?
People who make a lot of money and work their way up the chain essentially act as stock absorbers in the system for larger amounts of volatility. Elon Musk is thinking one or two are ten standard deviations beyond the way I'm thinking about risk. If you're very scared and very risk-averse, by definition, you're going to be giving any margin of volatility that's left in your life. You've sold it off essentially to somebody else. In return, you get peace of mind and your brain gets to be happy.
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