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Agustin Lebron - Trading, Crypto, and Adverse Selection
Dwarkesh Podcast
Is There Future for Highly Profitable Trading Firms?
If economic growth continues to stay low, then you would expect other financial instruments to stop growing at high rates as well. So is there future for highly profitable trade firms like jame street, like in the far future? i think to the extent that jame street and companies like it provide a service to the world, then they're going to be around and they's going to be profitable. We'll call them excess returns.
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