i'm not sure that you can make it a thesis, do we have free will or not? Because i don't know that it's falsifiable. max plank comes in here, and he's kind of hard core, which is, if your theory or thesis is not falsifiable, it isn't a theory or a thesis, it's a belief. And so i think we have to bring the plank like rigor to these kinds of ideas. The desire for illusion of control has probably led to more bad things for humanity in general than many other what i would call evolutionary programming bits in we domesticated sapients.
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?