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Agustin Lebron - Trading, Crypto, and Adverse Selection
Dwarkesh Podcast
Is Finance Too High a Fraction of G P?
I think finance is nine % of g p. Is that too high a price to be paying for liquidity and price discovery? Ah, i go back and forth on this question. A, because when you see it from the inside, a lot of it is zero, some competition,. But at the same time, kind of outside view, we haven't come up with a more efficient way to do. It's hard to argue with g d p growth.
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