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Lily Francus and Jesse Livermore — Understanding Financial Bubbles (EP.91)
Infinite Loops
Is There a Model That Is Real?
There are edges that perform better with crowding, and their edges to perform worse with crowding. I've imagined momentum is one of them in the sense that the more people that are trading momentum, by definition, they will be selling it when you are selling. And guess what? There's ten thousand other people doing the same thing. The anomaly and the arbitrase goes away. Is there any model that can exist in a hyperconnected age without getting arbed out of existence?"
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