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The Evolution of Tail Risk Hedging
I think that people are even more naive today than they were in 1980s. People never buy a house unless they can have insurance on it, particularly if the house represents three, four times their networks. But then when it comes to portfolios, those who trade their own money or who invest their own money will find it natural to say, I'm not going to invest unless a stainless steel risk is expensive. That's the skin of the main problem. Are we on track to develop computers that will eliminate life as we know it? I don't see anything as far as society. We're recording several people sign an open letter saying that we should halt development of technology along the lines of AI