2min chapter

The Pomp Podcast cover image

#1219 Scott Patterson | CHAOS KINGS: The Men Who Profit Off Disaster

The Pomp Podcast

CHAPTER

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.

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