Lily: I don't think the concept of free will even make sense. If we really drill down, we're goingto find thatit's likh. It's lke the concept of god. Its vacuums. We evolved it for a reason - to identify behaviours in other people that are responsive to feedback. And i do s i wold unher on this idea that i think potentially, this is almost the narcisism of the homo sapianyou could call it,. This rega selt like mind body duality. But you have some interesting work from folks like terry said nosky, who is actually a computational marro biologist that you see san
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?