Ono jeste: I think selfishly. Based on the personalityype that i have, i really like the idea of stuff. It doesn't require me to predict somebody else's mood. If i cold own microsop at, let's say, ten times earnings, and just collect the cash clothes all day, that would be happy. Once you can get to that price, you don't have to worry about other people. At that point, when you make a non leveraged investment, you can just make the investment, and then whatever other people do is their problem. Ono Jeste: A lot of my thinking bubble stems from thi discomfort view that in classical financial
Lily Francus is a risk theorist and a quantitative researcher at Moody’s. She is also the author of the ‘Midnight on the Market Momentum’ newsletter. Find Lily on her Twitter at https://twitter.com/nope_its_lily and read her newsletter at https://nopeitslily.substack.com Jesse Livermore is an OSAM research partner and a recurring guest at Infinite Loops. You can connect with him on Twitter at https://twitter.com/Jesse_Livermore and read more about his work at http://www.philosophicaleconomics.com/ Show notes:
- Why all the recent focus on bubbles?
- How the era you grow up in shapes your investment philosophy
- Intrinsic and Extrinsic value
- How leverage impacts pricing
- What is a bubble? And how to identify if you’re in one
- Role of uncertainty in arbitraging
- What makes a bubble pop
- How bubbles set a new floor price
- Do we have enough short sellers?
- Time arbitrage
- Information arbitrage in a hyper-connected world
- Are we currently in a financial bubble?
- Implications of pseudonymity
- Is there a free will?