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#92 Ed Thorp and Claude Shannon
Founders
Warren Buffett's Quote on Leverage
Steve Eisman, the guy from the big short who made over a billion dollars during the housing crisis and the financial crisis in 2008, 2009. Warren Buffett marveled at how 10 or 15 guys with an average IQ of maybe 170 could get themselves into a position where they can lose all their money. The same thing applies to what's happening in the end of the 90s and will apply in the future in the future 100 years ago. This is human nature and human nature does not change. Human nature often skews these estimates optimistically. A decade rarely passes without a market event that some respected economist claims, with a straight face, to be a perfect storm.
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