3min chapter

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#243 – Kevin Systrom: Instagram

Lex Fridman Podcast

CHAPTER

Are You Right Every Single Time?

The best quant hedge funds in the world bat 50.001%. The question isn't, are you right every single time and you have to seem invincible? With enough bats and enough at bats that your aggregate can be very high. Steve Jobs was wrong at a lot of stuff. There was even a time where he said like, no one will ever want to watch video on the iPod. But who cares if you come around and realize your mistake and fix it? It becomes just like you said, harder and harder when you ego grows.

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