i love this idea what i call the great shuffle. Competence over accreditation. The ability to exclude people based on their race or ethnicity or sex, or any of those things left a lot of geniuses who went undiscovered and unfound because you couldn't come into the club. I'm incredibly thankful that we now live in a culture where people like you, lily and you, jessie, can be hurt. And have so many people actually listened to this? You might not believe how excited people were when i said i was recording with you two. That kind of world, i think, is very exciting. It's something that fundamentally, a lot of people still are
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?