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771 - General Stanley McChrystal (Part 1): How to prepare yourself for risk
The James Altucher Show
Hedge Fund Managers - What Happened?
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You had hedge fond managers buying up loads of derivatives and real estate. They didn't take into account at, you know, laws made during the clinton years. There was no way to really mathematically assess they were using. And then there's a herd mentality as well. Everybody else is doing it, so it must not be that risky. You know, if all the people in your neighborhood aren't getting vaccinated for coved, you commit yourself. So i think that people operate what ultimately is illogical - but you can see the dynamics to that.
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