AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Bill Perkins is Not Afraid
Risk of Ruin
How Much Should You Bet?
The Amaranth story reminds me of the phrase attributed to Wyatt Earp that goes, the less you bet, the more you lose when you win. What Amaranth did was he severely misjudged liquidity when he was wrong and the costs to get in and out. That's an age-old question that you have to get.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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