
#1219 Scott Patterson | CHAOS KINGS: The Men Who Profit Off Disaster
The Pomp Podcast
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The Risk of Ruin
The risk of ruin seems to be one of the things that drives Empirica's marketing. "It doesn't take that much to just all of a sudden lose it all," he says. The strategy is called anti-fragile, which means you can bleed money over an extended period of time but there's no leverage in it. It's also known as gambler's ruin or Russian roulette.
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