5min chapter

Life Itself Podcast cover image

Fintech Incrementalism and Responsible Innovation

Life Itself Podcast

CHAPTER

The Biggest Catastrophe From Our History

The biggest catastrophe from our history was this fund called longtrom capital management, which was actually run by two nobell prize winners. And the exact details about why it went badly are largely because of, like, overte complex financial engineering. Despite all the evidence, it doesn't seem like we have yet figured out a stant way to understand market volatility and make predictions about markets on a large scale. So quantity of finance has some track records, but it's not a golden bullet by any means.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode