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.
In this episode of Infinite Loops we spoke with the man behind anonymous Twitter account Max Arbitrage. Max is an investor, entrepreneur, and top mind in the health care industry. In this conversation we covered:
- Game theory and modern markets
- Deterministic vs. probabilistic thinking
- Max’s entrepreneurial ventures
- Fixing what sucks in an industry
- The perils of status games
- And MUCH more
Follow Max on Twitter (https://twitter.com/max_arbitrage).